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01/10/2020 Live Update

01/10/2020 Live Update

Postby Cobra » Fri Jan 10, 2020 10:21 am

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The pullback overnight probably will be bought but I don't believe a big up today, let's see.
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Re: 01/10/2020 Live Update

Postby Cobra » Fri Jan 10, 2020 10:25 am

The members only update starts here: http://www.cobrasmarketview.com/2020/01 ... ay-update/

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Re: 01/10/2020 Live Update

Postby JFR » Fri Jan 10, 2020 10:26 am

ES daily. Up. Up. Up. "To the moon, Alice!" Nah. But it does not want to stop going up.


2020-01-10_0623.png
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Re: 01/10/2020 Live Update

Postby JFR » Fri Jan 10, 2020 10:27 am

ES five minutes. Quiet overnight. Choppy in the last hour.


2020-01-10_0626.png
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Re: 01/10/2020 Live Update

Postby BullBear52x » Fri Jan 10, 2020 10:31 am

$CPC <.6

Very comfortable out there. sell
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Re: 01/10/2020 Live Update

Postby Al_Dente » Fri Jan 10, 2020 10:32 am

"...the U.S. jobs report showed payroll gains cooling"
[Bloomberg]
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Re: 01/10/2020 Live Update

Postby JFR » Fri Jan 10, 2020 10:32 am

ES, NQ, YM and RTY. Gap up overnight. Now crashing down. YM and RTY already filled.


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Re: 01/10/2020 Live Update

Postby BullBear52x » Fri Jan 10, 2020 10:33 am

70ish is key support.
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Re: 01/10/2020 Live Update

Postby JFR » Fri Jan 10, 2020 10:37 am

Scalp 1 done. Just before it turns back up? Thought I was too late entering. But what the heck? It is all fun, right?


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Re: 01/10/2020 Live Update

Postby BullBear52x » Fri Jan 10, 2020 10:38 am

Quick 5 handles, let the other half runs. :mrgreen:
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Re: 01/10/2020 Live Update

Postby JFR » Fri Jan 10, 2020 10:41 am

Jaysus. Just when we thought it was safe to go back in the water. Whoosh. Two scalps done. Gonna get a coffee and catch my breath. As they say: "Be careful out there."


2020-01-10_0639_001.png
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Re: 01/10/2020 Live Update

Postby JFR » Fri Jan 10, 2020 10:45 am

ES five minutes. Finding some support? That knife looks sharp. But the bulls do not give up easily. Back later ...


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Re: 01/10/2020 Live Update

Postby Al_Dente » Fri Jan 10, 2020 10:47 am

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Re: 01/10/2020 Live Update

Postby BullBear52x » Fri Jan 10, 2020 10:58 am

Look at summation index, (July-Aug). it can drag on for awhile but toppy for sure.
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Re: 01/10/2020 Live Update

Postby Cobra » Fri Jan 10, 2020 11:03 am


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Re: 01/10/2020 Live Update

Postby BullBear52x » Fri Jan 10, 2020 11:08 am

New LOD is a must or bulls will run the show again today.
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Re: 01/10/2020 Live Update

Postby Cobra » Fri Jan 10, 2020 11:11 am

It's a morning hourly filled black bar
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Re: 01/10/2020 Live Update

Postby Trades with cats » Fri Jan 10, 2020 11:16 am

from twitter- next week is options expiration. 15 of the last 20 January op ex weeks were down weeks for the market. So did somebody want to order a plate of pullback?
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Re: 01/10/2020 Live Update

Postby Al_Dente » Fri Jan 10, 2020 11:20 am

concentrated leadership
narrow-based rally
usually a sign that a top is near
[Pisani]
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Re: 01/10/2020 Live Update

Postby Trades with cats » Fri Jan 10, 2020 11:24 am

Al_Dente wrote:McClellan
VIX divergence
https://www.mcoscillator.com/learning_c ... er_prices/

Tom got into it on twitter with Seth (the guy who has made a bundle shorting the VIX) and made it clear, as is in the article, this is not a signal, it is just a condition that makes a signal possible.

I would add there are a lot of technical indicators and conditions out there saying the same thing, market needs a breather. Earnings are not going to be good. In three months the fed pump is supposed to start showing up in basic economic numbers and we are supposed to see earnings start to catch up to multiples. We will see if that scenario plays out. I am concerned that the FOMC members see the need to make lots of positive comments and forecasts.
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