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11/14/2019 Live Update

11/14/2019 Live Update

Postby Cobra » Thu Nov 14, 2019 10:24 am

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in range, no direction. a little near the range high so maybe pullback is more likely?
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Re: 11/14/2019 Live Update

Postby Cobra » Thu Nov 14, 2019 10:28 am

the members only update starts here: http://www.cobrasmarketview.com/2019/11 ... ay-update/

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Re: 11/14/2019 Live Update

Postby JFR » Thu Nov 14, 2019 10:28 am

ES daily. Still in the base. EMA 20 still well below.


2019-11-14_0627.png
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Re: 11/14/2019 Live Update

Postby JFR » Thu Nov 14, 2019 10:31 am

ES five minute. One spike overnight. Otherwise calm.


2019-11-14_0630.png
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Re: 11/14/2019 Live Update

Postby BullBear52x » Thu Nov 14, 2019 10:34 am

find excuse to sell.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Re: 11/14/2019 Live Update

Postby BullBear52x » Thu Nov 14, 2019 10:37 am

There it is, first excuse for trigger.
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Re: 11/14/2019 Live Update

Postby JFR » Thu Nov 14, 2019 10:54 am

Bonfire of the Aussie.


2019-11-14_0653.png
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Re: 11/14/2019 Live Update

Postby JFR » Thu Nov 14, 2019 10:56 am

USD.CAD up.


2019-11-14_0655.png
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Re: 11/14/2019 Live Update

Postby Al_Dente » Thu Nov 14, 2019 10:56 am

BOOK REVIEW:
“The Man Who Solved The Market: How Jim Simons Launched The Quant Revolution”
https://www.marketfolly.com/2019/11/the ... rket+Folly)
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Re: 11/14/2019 Live Update

Postby Al_Dente » Thu Nov 14, 2019 10:59 am

Health Insurance
up +20% YoY
[but there’s no inflation :roll: ]
https://pbs.twimg.com/media/EJQnJlwWoAA3RT-.jpg

meantime, XLV is knocking around ATHs.

“We’ve been in a so-called recovery for over a decade now and yet there is very little inflation in goods or wages. Where you see plenty of inflation, however, is in the three things that allow for a middle-class life — healthcare, property and education.”
https://pbs.twimg.com/media/EJG2In8X0AIdb6w.jpg
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Re: 11/14/2019 Live Update

Postby JFR » Thu Nov 14, 2019 11:01 am

Al_Dente wrote:BOOK REVIEW:
“The Man Who Solved The Market: How Jim Simons Launched The Quant Revolution”
https://www.marketfolly.com/2019/11/the ... rket+Folly)


Hey, Pasta Boss. I just read a review of it. Win percentage has not been spectacular. Maybe 55%, but obviously good enough. Looks for short term anomalies. Is extremely secretive of methods. Non-disclosures, etc.
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Re: 11/14/2019 Live Update

Postby BullBear52x » Thu Nov 14, 2019 11:06 am

look at TRIN, same story, no buy.
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Re: 11/14/2019 Live Update

Postby Al_Dente » Thu Nov 14, 2019 11:08 am

JFR wrote:Hey, Pasta Boss. I just read a review of it. Win percentage has not been spectacular. Maybe 55%, but obviously good enough. Looks for short term anomalies. Is extremely secretive of methods. Non-disclosures, etc.


:D

ELSEWHERE:
‘American free markets are becoming a myth. Internet service, cellphone plans, and plane tickets are now cheaper in Europe and Asia than in the US. In 2018, the average monthly cost of a broadband internet connection was $31 in France, $39 in the UK and $68 in the US. American households also spend twice as much on cellphone services as households in France or the UK…. Based on my research, I estimate that monopolies cost the median American household about $300 a month. ”
https://www.theguardian.com/commentisfr ... ing-a-myth
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Re: 11/14/2019 Live Update

Postby Cobra » Thu Nov 14, 2019 11:09 am


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Re: 11/14/2019 Live Update

Postby Trades with cats » Thu Nov 14, 2019 11:22 am

Op ex tomorrow. ES 0's and 5's price levels should show extra interest for position hedging. Who knows the truth but we are currently struggling at a 5 level
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Re: 11/14/2019 Live Update

Postby Cobra » Thu Nov 14, 2019 11:27 am

break above the yesterday's high from here in the next couple of bars with a good looking bull bar then it's an uptrend day. I don't believe it'd be an uptrend day today though. range day at the best.
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Re: 11/14/2019 Live Update

Postby Trades with cats » Thu Nov 14, 2019 11:32 am

ES 12-19 (2000 Tick) 2019_11_14 (8_29_05 AM).png
Yesterday during the morning rise pullbacks stopped in the vicinity of VWAP several times.
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Re: 11/14/2019 Live Update

Postby Trades with cats » Thu Nov 14, 2019 11:54 am

Cash open level showing 606 buy orders with 534 right above, making that area the lump in the order book.
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Re: 11/14/2019 Live Update

Postby Heck » Thu Nov 14, 2019 11:59 am

All three C/P Opening Option Sentiment Indicators = DOWN

Falling Extreme Greed 84 = FURTHER DOWN

C/P undervalued Index PUTS two and half times calls = WAY DOWN
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Re: 11/14/2019 Live Update

Postby Mr. BachNut » Thu Nov 14, 2019 12:13 pm

The NYMO cycle is Down.
While it is having an up day today, it has been comfortably below the zero line since last week.
A corrective move up to the zero line would not be unusual at this point.

Price has been flatishly trending higher despite negative NYMO.
We now have a dozen open down gaps resting below to serve as potential targets should price turn.
We have a benchmark target at SPX 3004.78, the price high at the last NYMO high.

The only up target at this point is the upper keltner band at SPX 3112.83.
An outer keltner band, if tagged, usually gets tagged more than once.
So, if bulls can nab that, it bodes well for continuation of the trend. On the other hand, failure to tag would be a fail...
Also, a close past SPX 3121.29 would negate an ascending wedge and also support continuation of trend.

The current divergent price/NYMO action may be a sign of distribution at a high.
It may also be a sign of a rotational correction before continuation.
Price will tell or a flip in the NYMO cycle will tell.
If our benchmark gets left behind, we will view it as unfinished business for later.

OPEX is tomorrow, and VIX expiration is next week.
Action could change after those clear.

I am still long SPX and R2K runner positions.
Profit stops have been ratcheted up pretty snuggly at this point.
So, a downdraft would take me out.
Short setups are ready too, but they require price to turn.

NYMO 111419.jpg
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