08/12/2020 Live Update

[Cobra]

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No idea up or down from here. Possible range day.

[Cobra]

The members only update starts here: http://www.cobrasmarketview.com/2020/08 ... ay-update/

[ccash04]

Fade this pop? TRIN and TRIQ not playing along, investment grade bonds lower... high yield bonds higher

[marcueus3]

new HH from here and retreat below 3350 and we begin correction

[Al_Dente]

NYFANG+, 15min
(Tesla announced a five-for-one stock split that will go into effect Aug. 31)

[Cobra]

Members only update at 10:10 am
http://www.cobrasmarketview.com/2020/08 ... ay-update/

[Heck]

QQQ SELLING < 271.18 edit
$TRIN > 1
Two/Three ISEE Indices = DOWN DOWN
Long Opening Index Undervalued PUTS twice calls = DOWN DOWN
Life is good

[BullBear52x]

Already on the sell side, this is new intraday sell.

[BullBear52x]

Big picture, the money is leaving commodities, dollars should be a lot higher by now but it's moving very slow, TRIN is with the bears bulls will fight tooth and nail not to have a bearish reversal on weekly. overall atm, no way anyone is buying equity at this level.

[BullBear52x]

Today is the same as yesterday, overnight pump with >1000 tick at the open but got fade the rest of the day, today still remain to be seen.

[BullBear52x]

way overbought on intraday level.

[ccash04]

TRIN and TRIQ keep grinding higher now close to 2

[Cobra]

Testing yesterday's high, better a little consolidation here then breakout. Breakout with strong bull bar then it's an uptrend day.

[BullBear52x]

Level I am watching on SPX, 3352 is line in the sand, bears need to trade under that level, a closed under there will still be good enough for further downward. a new high will not go far per $VVIX.

[BullBear52x]

show this chart on the weekend, so far it pays.

[Heck]

SLV Target + 148 %
From 23.55 to 58.5

+ 50 % Past Year

11.39 % Discount to NAV

https://ycharts.com/companies/SLV/disco ... ium_to_nav

BULLYA

[Heck]

Sumner Redstone, billionaire media tycoon, dead at age 97
National Amusements
Army Intel
Harvard Law
CBS
Paramount
Viacom
Content is King

[BullBear52x]

Fed is in an uncomfortable situation, low yield will collapse the banking system, high yield will collapse the dollar

Welfare system is only way out if they don't open up the country for business. what a time we live in.

[brokebybernacke2]

ay it's too much. most of economy runnin at 30-40%, that gonna last a bit longer. See u round 3100. Wake me up, when September ends..3000 break would wake me up sooner. What a ride it has been. set some nutty sell or buy prices depending on your goals. price disconnects arisin

[ccash04]

IWM near LOD, investment bonds not buying this at all also at LOD, seems today is just FAANGM names holding market up.