02/09/2018 Live Update

[Al_Dente]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2018/02 ... ay-update/

great, thanks boss

[Trades with cats]

But Tesla can't go down, his car is in orbit.

In 100 years will he replace PT Barnum as one of the greatest showmen ever?

[Junior Buffett]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2018/02 ... ay-update/

great, thanks boss

What level NYMO is currently? I couldn't figure out from the chart.

[JFR]

Big push down.

[Trades with cats]

ES 30 minute Globex view

Are we there yet?

[Al_Dente]

NY declining stocks = 3.8 x advancing stocks
NY declining volume = 5.7 x advancing volume

This morning near 10 ET, the bias was 2-3x bull…. now big bear bias

https://www.youtube.com/watch?v=L9EKqQWPjyo

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2018/02 ... ay-update/

great, thanks boss

What level NYMO is currently? I couldn't figure out from the chart.

how to read my real time NYMO (https://stockcharts.com/public/1684859/ ... /533449447)

[Trades with cats]

ES 1500 tick bars

Volume profile on the left side. Am guessing a wave counter could write pages and pages about today's action.
Average Daily Range high and low estimates are meaningless right now, but the raw number is of interest, today so far 68.50

[tim-follows]

Big push down.

all this down tick , low volume for past half hour and we sit

does new fed still have active PPT at work here?

[fehro]

SPX 200d 2538.95

[Trades with cats]

Big push down.

all this down volume for past half hour and we sit

does new fed still have active PPT at work here?

Ok, reading this requires your tin foil hat!
Dollar plunging foreign buyers of US Treasuries getting out. China says it will stop buying. Congress expanding the heck out of this years borrowing. Fed policy is to reduce Treasury holdings.
Clearly Fed knows billion plus fresh funds must flow into treasuries fast. Fed knows that bringing down equities forces pension funds to rebalance and forces taxable accounts to give larger quarterly payments to US Treasury, reducing future borrowing.
Net result, plunge protection team now known as life support only team.

[Cobra]

SPX now very close to MA200.

[Trades with cats]

Forgot I can change parameters on Fat Tails indicator
Current days range 77.25 5 day average 98.25

[1der]

Fed knows that bringing down equities forces pension funds to rebalance and forces taxable accounts to give larger quarterly payments to US Treasury, reducing future borrowing.

I was thinking about that last night. How many accounts are taking profits and creating taxable events. More $$ flow towards Treasury as you stated.

[Cobra]

this link should help watching MA200 for $SPX and $SPY
https://stockcharts.com/public/1684859/ ... /576713099;

[tim-follows]

looking for capitulation

MDD watching....

[Trades with cats]

B of A's Hartnett, is he the new king of forecasting or just another profit of doom ? Well his new forecast is up at zerohedge and the market just bounced hard off of his suggested go long level. So by Tuesday or so we will know if he is two for two.

[Cobra]

that 2 bar rebound is when SPX touches MA200. Again, we'll need see a clear breakout of ema20 for the 1st good sign.

[Trades with cats]

PS B of A using same level as everybody else is watching the 200 day so no bonus points if they are right.

[JFR]

Big push down.

all this down volume for past half hour and we sit

does new fed still have active PPT at work here?

Ok, reading this requires your tin foil hat!
Dollar plunging foreign buyers of US Treasuries getting out. China says it will stop buying. Congress expanding the heck out of this years borrowing. Fed policy is to reduce Treasury holdings.
Clearly Fed knows billion plus fresh funds must flow into treasuries fast. Fed knows that bringing down equities forces pension funds to rebalance and forces taxable accounts to give larger quarterly payments to US Treasury, reducing future borrowing.
Net result, plunge protection team now known as life support only team.

Hey tim,

Although my background is in economics, as an individual investor/speculator these days, I mostly watch charts. I have some theories also, of course, mostly about interest rates, inflation, job growth, government spending, normal corrections, etc.

The market was due for a correction, as some define it. A good jobs report raised fears of an interest rate rise and inflation. IMO uncertainty about a number of factors in the world, including the "plans'' of the U.S. government (big deficits coming) have all contributed to the fall in the stock market. For smaller maniupulations, etc., I just look at the charts.

Just IMO. One of the reasons I am here is to read the opinions of all of these very capable players of the markets.

I am off for the weekend. Good trading, All.