Back to www.cobrasmarketview.com

   

05/18/2020 Live Update

Re: 05/18/2020 Live Update

Postby ccash04 » Mon May 18, 2020 11:02 am

VIX not staying down, maybe due to the big gap this morning. Investment bonds not as thrilled as equity, junk bonds are thrilled.

Does seem like SPY is going to test 300 prior to going down.
ccash04
 
Posts: 280
Joined: Wed Jul 13, 2011 9:20 am

Re: 05/18/2020 Live Update

Postby Al_Dente » Mon May 18, 2020 11:07 am

Add Fidelity to that list (?)
Do you remember the last time we little retailers led the market, and the institutions had to "catch up."
No, I don't either...

https://eresearch.fidelity.com/eresearc ... ders.jhtml
User avatar
Al_Dente
 
Posts: 24141
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/18/2020 Live Update

Postby JFR » Mon May 18, 2020 11:07 am

SPY 5. Up to the pivot.


2020-05-18_0835.png
Last edited by JFR on Mon May 18, 2020 11:36 am, edited 1 time in total.
User avatar
JFR
 
Posts: 4243
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/18/2020 Live Update

Postby Heck » Mon May 18, 2020 11:15 am

$VIX Target + 129 %
From 28.35 to 65 = DOWN

$TRIN > 1 = DOWN
Heck
 
Posts: 1795
Joined: Thu Nov 15, 2012 4:56 pm
Location: Lake Tahoe, Nevada

Re: 05/18/2020 Live Update

Postby Cobra » Mon May 18, 2020 11:22 am

This bull shall have legs. It's an uptrend day, stronger than I thought. I thought even it's an uptrend day it'd be very slow one but so far it's not.
Attachments
1.png

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: 46107
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/18/2020 Live Update

Postby ccash04 » Mon May 18, 2020 11:29 am

Building positions in puts, that is only thing that looks like value now.
ccash04
 
Posts: 280
Joined: Wed Jul 13, 2011 9:20 am

Re: 05/18/2020 Live Update

Postby Al_Dente » Mon May 18, 2020 11:37 am

Buffett has been on a selling spree :shock:
No new buys for Buffett
https://marketrealist.com/2020/05/berks ... ing-spree/
User avatar
Al_Dente
 
Posts: 24141
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/18/2020 Live Update

Postby JFR » Mon May 18, 2020 11:40 am

Dow 30. A sea of green. Led by DOW, BA and RTX. MRK, PFE and JNJ trailing.


2020-05-18_0838.png
User avatar
JFR
 
Posts: 4243
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/18/2020 Live Update

Postby Al_Dente » Mon May 18, 2020 11:41 am

INVERTED Volatility
Options traders are not as bullish as you would expect
518vol.png.png
User avatar
Al_Dente
 
Posts: 24141
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/18/2020 Live Update

Postby BullBear52x » Mon May 18, 2020 11:45 am

Al_Dente wrote:Buffett has been on a selling spree :shock:
No new buys for Buffett
https://marketrealist.com/2020/05/berks ... ing-spree/

I wonder why? the king of dip buyers and don't go against America guy, He now sell? something is not right. :lol:
Last edited by BullBear52x on Mon May 18, 2020 11:47 am, edited 1 time in total.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 22750
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/18/2020 Live Update

Postby JFR » Mon May 18, 2020 11:47 am

https://www.marketwatch.com/story/dow-f ... =home-page

U.S. stocks soared on Monday, erasing May losses, after drugmaker Moderna announced positive, early results from its first human trial of its experimental Covid-19 vaccine, boosting hopes that the medical community was making progress against the coronavirus.

Risk assets also received a boost after Federal Reserve Chairman Jerome Powell on Sunday night struck a more upbeat tone on the U.S.’s growth prospects, while highlighting that the central bank still retained tools to limit the economic downturn.



2020-05-18_0845.png
User avatar
JFR
 
Posts: 4243
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/18/2020 Live Update

Postby merryme » Mon May 18, 2020 11:48 am

I monitor several of the BUY SIDE institutions' buying and selling over each quarter. (It's a manual process.) Since 9/30/19 through today, which is the most up-to-date data available to me, Vanguard has reduced their holdings by $229,493,000,000 which is roughly 8%. The big tell will be next quarter's data... patience is needed to ride this out before investing long term.

https://old.nasdaq.com/quotes/instituti ... -inc-61322

Premarket day trading is most lucrative now because that's when the FEDs are buying. (<=That's an opinion, not a fact!)
merryme
 
Posts: 125
Joined: Tue Apr 01, 2014 1:41 pm

Re: 05/18/2020 Live Update

Postby BullBear52x » Mon May 18, 2020 11:50 am

If today is the start of a reversal we should see funds withdraw late in the day. I am selling at every peak from here on. RSI >70 on 1min. to participate on the late day sell off, if I am wrong I don't see any more squeeze all FOMO are all in and feel really good right about now.
Last edited by BullBear52x on Mon May 18, 2020 11:52 am, edited 1 time in total.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 22750
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/18/2020 Live Update

Postby Al_Dente » Mon May 18, 2020 11:51 am

BullBear52x wrote:
Al_Dente wrote:Buffett has been on a selling spree :shock:
No new buys for Buffett
https://marketrealist.com/2020/05/berks ... ing-spree/

I wonder why? the king of dip buyers and don't go against America guy, He now sell? something is not right. :lol:

:D
User avatar
Al_Dente
 
Posts: 24141
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/18/2020 Live Update

Postby merryme » Mon May 18, 2020 11:56 am

Premarket demand started at about 7:40 am Eastern Time today. It was impressive.
Attachments
Screenshot (20).png
merryme
 
Posts: 125
Joined: Tue Apr 01, 2014 1:41 pm

Re: 05/18/2020 Live Update

Postby Cobra » Mon May 18, 2020 12:12 pm


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: 46107
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/18/2020 Live Update

Postby Cobra » Mon May 18, 2020 12:22 pm

Back to what I felt at the start: Slow uptrend day at the best. Now the very first touch of EMA20, watch for buy setup. Also it means the uptrend of today is near over.
Attachments
1.png

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: 46107
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/18/2020 Live Update

Postby Cobra » Mon May 18, 2020 12:25 pm

Higher high fulfilled, it took much longer time than I thought though $SPY $SPX $ES_F
http://bbs.cobrasmarketview.com/viewtopic.php?f=2&t=4007&p=282796#p282796

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: 46107
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/18/2020 Live Update

Postby Al_Dente » Mon May 18, 2020 12:25 pm

Mr. Wonderful on CNBC said moments ago:
just put your money in tech and health
I'm sick of these banks
:lol: :lol: :lol:
User avatar
Al_Dente
 
Posts: 24141
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/18/2020 Live Update

Postby Heck » Mon May 18, 2020 12:44 pm

BullBear52x wrote:
Al_Dente wrote:Buffett has been on a selling spree :shock:
No new buys for Buffett
https://marketrealist.com/2020/05/berks ... ing-spree/

I wonder why? the king of dip buyers and don't go against America guy, He now sell? something is not right. :lol:


In the short run market a voting machine

In the long run market a weighing machine

Third of Men not working

https://fred.stlouisfed.org/series/LNU01300001

Record 39.6 % Unemployment

http://www.shadowstats.com/alternate_da ... ent-charts

55% of shuttered small businesses don’t plan to rehire workers

Record 103 million Americans of working age Not in Labor Force

https://fred.stlouisfed.org/series/LNS15000000

Tax revenues replaced by record $7 T Fed Digital Funny Money

https://fred.stlouisfed.org/series/WALCL

But hey, it could be worse

BG sold all MSFT shares in his Foundation

https://www.gurufocus.com/guru/bill+gates/stock-picks
Last edited by Heck on Mon May 18, 2020 1:53 pm, edited 4 times in total.
Heck
 
Posts: 1795
Joined: Thu Nov 15, 2012 4:56 pm
Location: Lake Tahoe, Nevada

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: No registered users and 10 guests