Back to www.cobrasmarketview.com

   

11/01/2017 Live Update

Re: 11/01/2017 Live Update

Postby Al_Dente » Wed Nov 01, 2017 12:04 pm

I missed the memo
Once SMALLS realized that the breakout was a trap, they flipped immediately (obviously the top of the box was the buy-stop AND the sell-stop)
Target is the bottom of the box, but the decline is very STEEP, and it may need to fan-out (dead cat) before it hits bottom
1min
111tna one.png.png
User avatar
Al_Dente
 
Posts: 18790
Joined: Thu Jul 21, 2011 2:29 pm

Re: 11/01/2017 Live Update

Postby Daniel » Wed Nov 01, 2017 12:08 pm

fehro wrote:IWM ugly.. buckle up.

Major divergence intraday-- IWM pressing its LOD, QQQ a minor pullback and a gap fill, SPY still holding gains and not yet gap-fill... decline so far stopped at yest high.

Many sectors hitting LOD as I write this.
Daniel
 
Posts: 2165
Joined: Fri Feb 10, 2012 4:27 pm

Re: 11/01/2017 Live Update

Postby Al_Dente » Wed Nov 01, 2017 12:09 pm

11/1 today
EPS after the close: FB, TSLA

11/2 Thursday
Before the open: BABA
After the close: AAPL, SBUX

11/3 Friday
After the close: BRK/B
User avatar
Al_Dente
 
Posts: 18790
Joined: Thu Jul 21, 2011 2:29 pm

Re: 11/01/2017 Live Update

Postby Al_Dente » Wed Nov 01, 2017 12:13 pm

Fed chair announcement tomorrow afternoon
[per bloomberg, per trump said]
User avatar
Al_Dente
 
Posts: 18790
Joined: Thu Jul 21, 2011 2:29 pm

Re: 11/01/2017 Live Update

Postby Daniel » Wed Nov 01, 2017 12:14 pm

fehro wrote:TLT nHODs .. nears gap fill and 50d 125.73

TLT has continued strong from the Open, but is starting to pull off its day's high...

Financials, smallcaps, midcaps, and Naz advancers-- all fresh LOD
Daniel
 
Posts: 2165
Joined: Fri Feb 10, 2012 4:27 pm

Re: 11/01/2017 Live Update

Postby Trades with cats » Wed Nov 01, 2017 12:41 pm

I am waiting to hear Mr. Musk explain why his crew can't figure out how to weld steel and why all those working people were replaced by temps to lower cost without negatively impacting productivity or quality. He has already started the gee wiz counter attack by showing a video of a small tunnel under LA with a massive vapor ware presentation animation. If boring machines and underground tunnels were so easy why are LA and Seattle having so many problems doing it? Why did London get a PBS special on doing theirs? Or the real question, do you want to buy another bridge from Elon Musk?
Trades with cats
 
Posts: 3969
Joined: Sat Oct 11, 2014 4:40 pm

Re: 11/01/2017 Live Update

Postby daytradingES » Wed Nov 01, 2017 12:41 pm

I was out walking my dog yesterday and got chatting with a fellow dog-walker.

He asked my what I did and gave a run-down of the markets and the current situation - low rates etc. Seniors getting nothing on their fixed income and forced to chase yields and then oil companies cutting dividends and the huge haircut the seniors took both zero yield from 5.25% and 60% of their capital gone. Governments around the world who used to buy each others long term bonds at 8% now speculating in the equity market casino as LT yields have been decimated.

He said I thought they were going to raise rates and I explained that they are in a bind as the economy isn't really very strong and they are worried about causing the market to crash. I said how a big crash would really hurt a lot of people at the bottom. I went on about how this was entirely new territory and never before have rates been artificially suppressed like this.

We said good-by and parted ways.

I got to thinking "What will happen"?

With so many players in the market, govts instead for LT bonds, double amounts by the Goldman Sachs of the world with their free money from buy toxic assets (don't you love how the Fed makes a new word to excuse their larceny?), and aged seniors desperately seeking some yield what will the outcome be?
Good trading to all
daytradingES
 
Posts: 1764
Joined: Thu Sep 13, 2012 10:46 am

Re: 11/01/2017 Live Update

Postby fehro » Wed Nov 01, 2017 12:43 pm

:lol: :lol: :lol: :lol: :lol: The Fed's GDP estimates has been a rollercoster for months… now :roll:

True to form, the Atlanta Fed - which has a habit of overshooting massively at the start of the quarter based on optimistic estimates only to ease sharply lower on its GDP "nowcast" as the "hard" data comes in - has unveiled its latest Q4 GDP estimate , which the regional Fed expects to print at a blistering 4.5%. The number is more than 50% higher the previous Q4 guesstimate of 2.9%.


http://www.zerohedge.com/news/2017-11-01/atlanta-fed-now-sees-q4-gdp-blistering-45
Attachments
2017-11-01 (5)_0.jpg
fehro
 
Posts: 21142
Joined: Fri Sep 02, 2011 2:06 pm

Re: 11/01/2017 Live Update

Postby johnnywa » Wed Nov 01, 2017 12:52 pm

The bottom should be $60-62 when this pullback completes
johnnywa
 
Posts: 1020
Joined: Tue Aug 23, 2011 11:09 am

Re: 11/01/2017 Live Update

Postby Al_Dente » Wed Nov 01, 2017 1:10 pm

Does anyone use this?
Robinhood
free commish
https://techcrunch.com/2017/11/01/robinhood-for-web/
User avatar
Al_Dente
 
Posts: 18790
Joined: Thu Jul 21, 2011 2:29 pm

Re: 11/01/2017 Live Update

Postby johnnywa » Wed Nov 01, 2017 1:12 pm

johnnywa wrote:The bottom should be $60-62 when this pullback completes

Meant for tna
johnnywa
 
Posts: 1020
Joined: Tue Aug 23, 2011 11:09 am

Re: 11/01/2017 Live Update

Postby Trades with cats » Wed Nov 01, 2017 1:28 pm

Al_Dente wrote:Does anyone use this?
Robinhood
free commish

Milton Friedman said there is no such thing as a free lunch. They aren't a charity so there must be a catch!
Trades with cats
 
Posts: 3969
Joined: Sat Oct 11, 2014 4:40 pm

Re: 11/01/2017 Live Update

Postby Cobra » Wed Nov 01, 2017 1:58 pm

show time in 2 min.
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: 38196
Joined: Sat Feb 12, 2011 10:29 pm

Re: 11/01/2017 Live Update

Postby Al_Dente » Wed Nov 01, 2017 2:02 pm

The FED stands pat, unanimous
No surprises
User avatar
Al_Dente
 
Posts: 18790
Joined: Thu Jul 21, 2011 2:29 pm

Re: 11/01/2017 Live Update

Postby Cobra » Wed Nov 01, 2017 2:07 pm

not much to show so far. we all know though.
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: 38196
Joined: Sat Feb 12, 2011 10:29 pm

Re: 11/01/2017 Live Update

Postby johnnywa » Wed Nov 01, 2017 2:33 pm

Bears done for the day,will try tomorrow with unveiling of tax plan.Bears are running out of reasons and time
johnnywa
 
Posts: 1020
Joined: Tue Aug 23, 2011 11:09 am

Re: 11/01/2017 Live Update

Postby QED » Wed Nov 01, 2017 2:58 pm

Al_Dente wrote:Does anyone use this?
Robinhood
free commish
https://techcrunch.com/2017/11/01/robinhood-for-web/

I have had a very small account with Robinhood for about 1 year. I use it to play around with small stock positions because of the free commission structure. The interface and features are very limited and sometimes can be frustrating, but the fills are OK and the price is ... well ... FREE!

NO Option or Future trading ... ONLY stocks!

You might want to try it out to see if it works for you ... or not. :roll:
QED
 
Posts: 491
Joined: Wed Feb 11, 2015 2:04 pm

Re: 11/01/2017 Live Update

Postby Al_Dente » Wed Nov 01, 2017 2:59 pm

HAPPY HOUR
Image
User avatar
Al_Dente
 
Posts: 18790
Joined: Thu Jul 21, 2011 2:29 pm

Re: 11/01/2017 Live Update

Postby QED » Wed Nov 01, 2017 3:08 pm

This is also an interesting broker ...

Tom Sosnoff is a co-founder and was previously one of the co-founders of ThinkorSwim (they sold it to TD Ameritrade).

Commissions and fills are excellent (much better than ThinkorSwim).

TastyWorks
https://tastyworks.com
QED
 
Posts: 491
Joined: Wed Feb 11, 2015 2:04 pm

Re: 11/01/2017 Live Update

Postby Daniel » Wed Nov 01, 2017 3:47 pm

Even "show time" Fed Day 2pm has been of muted volatility, in this low-volatility year.

After DaytradingES's lunchtime "Dog-walkers Manifesto", he gets my vote for next Fed Chairman. Such clear commonsense speaking.

We need more Fed officials who walk their own dogs.

:)
Daniel
 
Posts: 2165
Joined: Fri Feb 10, 2012 4:27 pm

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: Bing [Bot], fishpet1, Junior Buffett, K447 and 32 guests