10/16/2020 Live Update

[Cobra]

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Double top or not, wait and see.

[Cobra]

The members only update starts here: http://www.cobrasmarketview.com/2020/10 ... ay-update/

[Cobra]

Members only update at 10:07 am
http://www.cobrasmarketview.com/2020/10 ... ay-update/

[Al_Dente]

AD volume is 2x favoring bulls [corrected]
AD issues are only 1x (1-to-1)
meaning plenty of volume is flowing into fewer issues

[Cobra]

Breakout to a new day high with good looking bull bar then it's an uptrend day but statistically a pullback is due in next couple of 60 min bars.

[Al_Dente]

Effective now:
“Robinhood Raises Margin Requirements On "Widely Held Stocks" As Election Volatility Nears”
per customer: “... they didn't bother telling us which stocks." 
per zh: Will Robinhood margin calls lead to selling pressure for stocks? 

[Al_Dente]

last 8 days
QQQ has been closely tracking semis SMH
CAVEAT: as with all percentage charts, if you change the timeframe you can get a very different picture

[Cobra]

The pullback probably will be bought.

[Al_Dente]

Compression of the daily bolinger bands on the $VXN (qqq volatility) suggests a big move is coming … either way …

[Cobra]

Members only update at 12:05 pm
http://www.cobrasmarketview.com/2020/10 ... ay-update/

[Cobra]

Compression of the daily bolinger bands on the $VXN (qqq volatility) suggests a big move is coming … either way …

1016vxn bb.png.jpg

Since QQQ is already sit at BB top and I cannot think of any good news other than stimulus package which mostly favors small caps, so the coming big move will be on the downside?

[Al_Dente]

Compression of the daily bolinger bands on the $VXN (qqq volatility) suggests a big move is coming … either way …

1016vxn bb.png.jpg

Since QQQ is already sit at BB top and I cannot think of any good news other than stimulus package which mostly favors small caps, so the coming big move will be on the downside?

downside
agree
But remember Tom Bolinger has insisted for decades WE MUST NOT GUESS the direction… must wait for it to break … and then it sometimes does a false break … etc ...

[Al_Dente]

whoops, look who just spiked up on put buying

[JFR]

ES daily. Doji with long shadow yesterday. Today price is up. Well above the EMA 20.

[JFR]

SPY 5. Riding the EMA 20, like a zipline.

[JFR]

Dow 30. Lots of green. CAT, BA and UNH leading. NKE, AAPL and WBA trailing.

[Al_Dente]

WEEK AT A GLANCE, early

[Cobra]

Testing range low, key time.

[Cobra]

Members only update at 3:36 pm
http://www.cobrasmarketview.com/2020/10 ... ay-update/

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2020/10 ... ay-update/