Back to www.cobrasmarketview.com

02/01/2018 Live Update

Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 02/01/2018 Live Update

Post by Trades with cats »

ES 2827 is showing how important it is as the market round trips back to this level. Waiting for power hour to see what the big guys will do, but bulls were looking good until they failed at the overnight high which lead to a 10 point decline and it only took 30 minutes.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 02/01/2018 Live Update

Post by Al_Dente »

INTRADAY
Lately SPY has been in sync with the 5ma TICK
That’s not always the case
1min chart
21spy 1 tick.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 02/01/2018 Live Update

Post by Trades with cats »

When Other Time Frame investors, including especially Goldman's corporate buy back desk and the Swiss National Bank are out of the market it seems to trade the way we expect. The previously mentioned and others are not interested in trading, they have totally different objectives and very large accounts. In the case of buybacks remember the sign in the office that says "the Boss is always right". :lol:
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 02/01/2018 Live Update

Post by Trades with cats »

ES 2824 to 2821 is a high volume node from the opening hour today. Let's see if it still provides a lot of sideways price action in round two.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 02/01/2018 Live Update

Post by Trades with cats »

Well nobody wants to buy on the way down! Looks like yesterday's low is possibly back in play.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 02/01/2018 Live Update

Post by Trades with cats »

Bounce off the opening print and up to VWAP \ Opening hour high, i.e. market following pretty clear day trading levels.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 02/01/2018 Live Update

Post by fehro »

TLT weekly … KEY time near here :roll:
Attachments
Screen Shot 2018-02-01 at 11.47.01 AM.png
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 02/01/2018 Live Update

Post by fehro »

Attachments
20180130_30Y1.jpg
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 02/01/2018 Live Update

Post by Al_Dente »

“Atlanta Fed Sees Q1 GDP Soaring to 5.4%” :o :o :o :o :o
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 02/01/2018 Live Update

Post by Cobra »

i have a dream. really just a dream.
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.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 02/01/2018 Live Update

Post by fehro »

BTC almost here 8275 support
Attachments
Screen Shot 2018-02-01 at 12.19.35 PM.png
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 02/01/2018 Live Update

Post by Trades with cats »

Atlanta Fed GDP NOW seems to start the quarter at the top of the range and drift down as more and more numbers come out. Still, that is a heck of a start.
K447
Posts: 763
Joined: Fri Aug 26, 2011 10:43 am
Contact:

Re: 02/01/2018 Live Update

Post by K447 »

fehro wrote:BTC almost here 8275 support
And then what?
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 02/01/2018 Live Update

Post by fehro »

K447 wrote:
fehro wrote:BTC almost here 8275 support
And then what?
bounce.. for a few days? then continue down to 7475, then next line 5850ish
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 02/01/2018 Live Update

Post by Trades with cats »

The ever obscene Trader Tom Dante (London based currency and coaching) twitter feed "I keep telling this idiot at the Lamborghini dealership that this is just a pullback in BTC - there’s no need to repossess my car" :lol:
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 02/01/2018 Live Update

Post by Al_Dente »

JPM’s “Gandalf” is back:
“… we think that the …[recent market selloff]… was not large enough to trigger broad deleveraging. Equity price momentum is positive and trend followers are not likely to reduce equity exposure...”
After quite recently saying that 2.75% in the 10yr Yield, he now says “…We believe one should not look at a specific level of bond yields in isolation from the level of economic activity and positive catalysts such as fiscal easing. We think that the current level of rates do not yet pose a major risk for equity multiples.”
"In terms of timing market downside risk, we would be more concerned about the period after the Q1 earnings season, when fiscal reforms are likely to be priced in and central banks make further progress on the normalization of monetary policy."
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 02/01/2018 Live Update

Post by Al_Dente »

Trades with cats wrote:....."I keep telling this idiot at the Lamborghini dealership that this is just a pullback in BTC - there’s no need to repossess my car" :lol:
:lol: :lol: :lol: :lol:
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
MrMiyagi
Posts: 10326
Joined: Sun Oct 16, 2011 12:48 pm

Post by MrMiyagi »

Cobra wrote:i have a dream. really just a dream.
Looks like it may be headed to your dream...
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 02/01/2018 Live Update

Post by Cobra »


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.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 02/01/2018 Live Update

Post by Trades with cats »

Another trampoline bounce at the opening print or is Cobra's dream happening? With that 30 year bond rate it seems sell off into the close would make sense. 1. Day trading bears got stopped out so no big profit all day shorts. 2. Who would be buying ETF's today, we are not at all time highs.
Post Reply