Back to www.cobrasmarketview.com

12/20/2019 Live Update

Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 12/20/2019 Live Update

Post by Trades with cats »

ES 03-20 (5 Min Volumetric) 2019_12_20 (9_09_56 AM).png
5 minute view shows that big bar was going through an empty space in price until it got over a price with a 5 (options strike) then the auction resumed with a bang.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/20/2019 Live Update

Post by Cobra »

Breakout so it's an uptrend day but still I don't expect big up.
Attachments
ES5min.png
ES5min.png (12.66 KiB) Viewed 2730 times

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/20/2019 Live Update

Post by Cobra »

The members only update at 12:00 pm
http://www.cobrasmarketview.com/2019/12 ... ay-update/

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/20/2019 Live Update

Post by Al_Dente »

Paging Contrarians:
Virtually everyone is expecting the "Santa Claus rally" starting next week
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/20/2019 Live Update

Post by Al_Dente »

5min
You can see the options traders (1/VIX, behind the bottom panel) faded the open, then reversed to bull because FOMO, and are now fading it again.
1220five.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/20/2019 Live Update

Post by Cobra »

The pullback should be bought. Watch for EMA buy setup but also it means the trend is near over.
Attachments
ES5min.png
ES5min.png (12.97 KiB) Viewed 2699 times

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/20/2019 Live Update

Post by Al_Dente »

GOOGLE news, today
The Alphabet board awarded new CEO Sundar Pichai a $2 million salary and $120 million in time-based stock grants, plus performance-based stock grants with a target value of $90 million.
Pichai will not receive any additional voting rights with his new shares, leaving Page and Brin in control of the board.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 12/20/2019 Live Update

Post by Trades with cats »

ES 03-20 (5 Min Volumetric) 2019_12_20 (10_17_55 AM).png
If you look at the spike bar for today's high it is real clear a lot of contracts were unloaded until the buyers ran out of money.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/20/2019 Live Update

Post by Al_Dente »

"Xi Jinping says ‘phase one’ trade deal benefits both US and China, seeks to sign as soon as possible"
[CNBC posted 4-5 minutes ago]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/20/2019 Live Update

Post by Al_Dente »

"For the first time ever, the U.S. economy started and ended an entire decade without entering a recession. But overall economic growth has been slower compared to previous booms."
[CNBC]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 12/20/2019 Live Update

Post by Trades with cats »

So far today, about 45 minutes before the regular open gamma games ripped the market straight up and VIX straight down to new highs and then instantly stopped moving the market putting us into a tight little range as per the last couple of days. Then just about the time the Fed accepted 7.5 Billion dollars of term repos a second wave of buying lifted things into the Gamma max options strikes as laid out by Charlie the Wonder Boy https://www.zerohedge.com/health/stocks ... ikes-watch ending with climax peak buying volume just as the London crowd called it a week. Now it is back to the regular schedule of worthless tight little range.

I am pretty sure we have seen this playbook before. The real question is if any funds have cash left to buy on Monday to delay the post witch Friday selloff for a day or two or will it be an open down and drift lower start to the week where the desks are manned by low seniority traders. I will find out in a week as I am out of town next week and I am not taking a computer. :D
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/20/2019 Live Update

Post by Al_Dente »

BIOTECH boom
longest win streak ever
https://www.cnbc.com/2019/12/20/biotech ... ter%7Cmain
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/20/2019 Live Update

Post by Al_Dente »

HAPPY HOUR soon
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/20/2019 Live Update

Post by Al_Dente »

WEEK AT A GLANCE, early
1220week glance.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/20/2019 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/20/2019 Live Update

Post by Cobra »

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449377

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Post Reply