11/07/2017 Live Update

[Cobra]

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the pullback will be bought.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2017/11 ... ay-update/

[Trades with cats]

Asia says new high and London/Frankfurt clearly rejecting 2593.5. See how skinny the volume was at the new high.

The night Session

[Daniel]

Back to nickel-per-gridline on Cobra's master 5min SPY chart. Extraordinary range contraction continues...

[Trades with cats]

Testing that overnight high. Interesting, the Small Caps are more inclined to test the overnight lows.

[te_fern]

Trades with Cats, I'm watching this triangle on the levered smalls....

[Al_Dente]

RELATIVE STRENGTH
What's strong? Tech
What's not strong? everyone else
https://stockcharts.com/freecharts/cand ... LT:SPY|C|0

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2017/11 ... ay-update/

[te_fern]

Pasta Boss, on your stop loss question, I'm guilty of confusing brains with a bull market. I waited until I had a small profit and then put the stop loss at a breakeven point. I actually used TD Ameritrade's contingent trade system where I had the stop loss and then a sell at 162 if it reached there. One cancels the other if one is triggered. I had to be away the rest of the afternoon. It took me out at 162. Left some on the table, but was good with the trade...

[Cobra]

the pullback will be bought.

[te_fern]

So much for that support line...

[Trades with cats]

So much for that support line...

Ah it was TRUE the TRUE car buying service doing it's very own version of PETS.Com. Gotta love the unicorns for a short when they have to start acting like adults.

Full disclosure, we have been using pricing services (mostly Edmunds) to make car negotiating fun for decades. So nothing new here just an overhyped wrapper.

[Al_Dente]

................ but was good with the trade...

[Trades with cats]

Here we go moving into position for the breakout or the double top.

[te_fern]

Gold futures (3 min) really fell off the table this morning...

[Trades with cats]

Gotta ask, how many gold traders are left as the crypto's take over.

[Trades with cats]

Closing down on yesterday's POC/VWAP 2587 ES. I have 2582 as the 20 day Average Daily Range low, so a possible close at that level if it continues ugly.

[te_fern]

Gotta ask, how many gold traders are left as the crypto's take over.

Young people trade the crypto's and the old folks trade gold!! LOL!

[Trades with cats]

Bouncing on yesterday's VWAP/Point of Control. Real question is will it hold or will Chair Yellen have to rescue the market after lunch with her speech.

[Al_Dente]

Gotta ask, how many gold traders are left as the crypto's take over.

me
cash not futures
gold miners, NUGT, DUST