12/03/2019 Live Update

[Trades with cats]

Serious buying stepping up in the order book. If it breaks the range it will be by grinding down.

[Cobra]

so far it's a range day with a little bit down bias.

[BullBear52x]

Watch the stop run, bear trap setup.

[Vaamsy]

Watch the stop run, bear trap setup.

looks to me like it might accelerate to the downside...

[QED]

I will get long some short-term QQQ options if today’s gap starts closing. At that point, I have to think that the overnight shorts will want to protect some of their profits and the “close-the-gap” momo traders will start getting excited. Trade is hostage of “random” tweets of course!
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[Al_Dente]

The short side of the internals, at the moment
SHORTS
AD (DA) 2x favoring bears, but clearly deteriorating. Bears need these lines to go UP. They need a second wind
5min

[BullBear52x]

A big gap like today will not fill today normally.

[Al_Dente]

cleanest dirty shirt is the health cartel
plus, how the fuk are smalls not lower?

[Cobra]

members only update at 12:02 pm
http://www.cobrasmarketview.com/2019/12 ... ay-update/

[BullBear52x]

We may stay down here for couple days then the daily buy dip will trigger. from there it will be do or die for bulls in the big picture. for now this dip will be bought.

[Al_Dente]

Nomura’s “flip level” (wherein all the gamma dealers flip radically to bear-spy, which then will beget more selling) is 3073 … but then 2916 ... always a challenge reading McElligott
earlier this morn:
https://www.zerohedge.com/markets/nomur ... isk-stocks

[QED]

cleanest dirty shirt is the health cartel
plus, how the fuk are smalls not lower?

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XBI is having a good day.
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[Al_Dente]

thoughts and prayers AAPL

[JFR]

Wake up late again, and see this ... ES daily. Another sharp drop, breaking through the EMA 20..

[JFR]

ES five minute. Down. Down. And flat. Finding support. Basing.

[Al_Dente]

cleanest dirty shirt is the health cartel
plus, how the fuk are smalls not lower?

XBI is having a good day.
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[JFR]

Overnight gap down on ES, NQ, YM and RTY, fifteen minutes. ES is all over the Pivot, S2. It seems the market is not sure if it wants to rise up again at this time. So, is that it, a two day pullback?

[BullBear52x]

Cash SPX Fib, no man's land, floating up for now like I expected it to, sit on hand, wait to sell next sell set up.

[JFR]

Longer term. Short soybeans. Long sugar. Sounds like a song, or a punch line. But there you are ...

[Al_Dente]

cleanest dirty shirt is the health cartel......

XBI is having a good day.
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CURE is supposedly 3x health care, no volume … most of the volume is in XLV
Plenty of volume in XBI (gray), the % winner in health ... on a one-year view
[edit: corrected chart]