Back to www.cobrasmarketview.com

   

05/07/2018 Live Update

Re: 05/07/2018 Live Update

Postby rpccharts » Mon May 07, 2018 11:16 am

If We have bottommed - Are SEMICONDUCTORS ready for Moonshot?

https://finviz.com/screener.ashx?v=351& ... &o=-volume
rpccharts
 
Posts: 437
Joined: Fri Jul 29, 2011 10:41 am

Re: 05/07/2018 Live Update

Postby te_fern » Mon May 07, 2018 11:18 am

Al_Dente wrote:
te_fern wrote:
ccash04 wrote:Short spy here, stop at HOD.


Good call!!

fehro » Mon May 07, 2018 9:59 am ......nibble short 2680.25


Another good call. Hope they covered at the lows of the day!! :D
te_fern
 
Posts: 2047
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/07/2018 Live Update

Postby Al_Dente » Mon May 07, 2018 11:19 am

Al_Dente wrote:“The Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares (NYSE: GUSH) closed Friday with an April gain of over 34 percent, making it the second-best performer among Direxion's leveraged bullish exchange-traded funds (ETFs) on a month-to-date basis.”
https://finance.yahoo.com/news/leverage ... 35842.html

GUSH (3x XOP) expense ratio is too high
GUSH buys only XOP (its only holding besides cash), leverages it, and charges you 3x expenses for the privelege.
Better to just use XOP and triple the number of shares u would normally buy; getting that 3x leverage with less expense?
It’s obvious that traders agree, as XOP average-daily volume is 17million shares (vs GUSH volume 1.4 mil)

Also
USO, UCO = K-1
XOP, GUSH = 1099
User avatar
Al_Dente
 
Posts: 20914
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/07/2018 Live Update

Postby te_fern » Mon May 07, 2018 11:20 am

Need a push to the R1 pivot. Don't know if we can make due to all the reasons people have been posting this morning!!
Attachments
SPX.PNG
te_fern
 
Posts: 2047
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/07/2018 Live Update

Postby ccash04 » Mon May 07, 2018 11:22 am

te_fern wrote:
Al_Dente wrote:
te_fern wrote:
ccash04 wrote:Short spy here, stop at HOD.


Good call!!

fehro » Mon May 07, 2018 9:59 am ......nibble short 2680.25


Another good call. Hope they covered at the lows of the day!! :D


Waiting for gap fill prior to covering, though now it looks like I will be stopped out any moment as SPY closing in on that HoD.
ccash04
 
Posts: 117
Joined: Wed Jul 13, 2011 9:20 am

Re: 05/07/2018 Live Update

Postby fehro » Mon May 07, 2018 11:30 am

RUT leads.. some resistance here IWM 5m .. daily RUT below fwiw
Attachments
Screen Shot 2018-05-07 at 8.29.37 AM.png
fehro
 
Posts: 22870
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/07/2018 Live Update

Postby fehro » Mon May 07, 2018 11:36 am

Buckle up on the EURO .. and Europe Financials… trouble brews with Italian Elections, remember large US hedge fund has largest bet on against Italian banks for months.

Italian election at crucial point

https://www.zerohedge.com/news/2018-02- ... hort-years
fehro
 
Posts: 22870
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/07/2018 Live Update

Postby 1der » Mon May 07, 2018 11:37 am

Let's see if this plays out to be an SPY Triangle

2018-05-07_SPY Tri.jpg
1der
 
Posts: 526
Joined: Thu Mar 24, 2011 4:03 pm

Re: 05/07/2018 Live Update

Postby Al_Dente » Mon May 07, 2018 11:55 am

Leilani Estates, Hawaii
Time Lapse of giant lava flow consuming car
https://www.youtube.com/watch?v=P7iW_VuR8d0
User avatar
Al_Dente
 
Posts: 20914
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/07/2018 Live Update

Postby Cobra » Mon May 07, 2018 11:58 am


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: 41288
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/07/2018 Live Update

Postby te_fern » Mon May 07, 2018 12:06 pm

Need to learn to trust my stop loss points. Sold at breakeven on the pull back around 11:30 and now LABU is up 70 cents since. I would not have been stopped out on the pullback. Leaving money on the table....
Attachments
LABU.PNG
te_fern
 
Posts: 2047
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/07/2018 Live Update

Postby Cobra » Mon May 07, 2018 12:11 pm

bias is up?
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: 41288
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/07/2018 Live Update

Postby Trades with cats » Mon May 07, 2018 12:13 pm

The BIG problem with any sort of system is that signals, including stop losses, are only a good idea in aggregate. Individually the odds of them working as intended are no better than the system so we are always trying to be a better trader than our own system.
Trades with cats
 
Posts: 6383
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/07/2018 Live Update

Postby te_fern » Mon May 07, 2018 12:19 pm

Trades with cats wrote:The BIG problem with any sort of system is that signals, including stop losses, are only a good idea in aggregate. Individually the odds of them working as intended are no better than the system so we are always trying to be a better trader than our own system.


You are right. I usually find that I'm worst than the system when I inject my feelings. I tend to take small profits earlier rather than waiting on the bigger gains. Always learning! :D
te_fern
 
Posts: 2047
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/07/2018 Live Update

Postby Trades with cats » Mon May 07, 2018 12:26 pm

There are lists of what everybody does wrong. The one thing others say that I agree with is you are not a professional trader until it becomes boring.
Trades with cats
 
Posts: 6383
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/07/2018 Live Update

Postby Trades with cats » Mon May 07, 2018 12:39 pm

So I guess today counts as a very professional day :lol:

I think the issue today is oil up on political news but clearly the short squeeze is over. Or as FT71 said this morning other time frame traders are done buying for now. He did comment this morning that the shape of the volume profile from Friday was pretty ragged, as in no clear consensus as to were price should be. Which is what we have seen for some time. Which means with no clear consensus among various time frame traders we will continue to experience volatility.

Perfect example, Uncle Warren goes big on Apple but Humble Student and others are pointing out today that Warren took a one billion hit on mark to market in his portfolio and they ask how many others can do that? Then in a very well publicized note Michael Hartnett is suggested shorting FANGS because market is assuming higher rates won't hurt lesser developed countries. So I guess Merrill clients are shorting part of Berkshires portfolio. It takes buyers and sellers to make a market.
Trades with cats
 
Posts: 6383
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/07/2018 Live Update

Postby fehro » Mon May 07, 2018 1:09 pm

te_fern wrote:
Al_Dente wrote:
te_fern wrote:
ccash04 wrote:Short spy here, stop at HOD.


Good call!!

fehro » Mon May 07, 2018 9:59 am ......nibble short 2680.25


Another good call. Hope they covered at the lows of the day!! :D



buckle up .pink line top of gap.. may be all we have… AAPL daily ugly candle .. bearish wedge 4 highs, 2 recent lows daily
Attachments
Screen Shot 2018-05-07 at 10.08.18 AM.png
fehro
 
Posts: 22870
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/07/2018 Live Update

Postby fehro » Mon May 07, 2018 1:13 pm

fehro wrote: AAPL daily ugly candle .. bearish wedge 4 highs, 2 recent lows daily
Attachments
Screen Shot 2018-05-07 at 10.13.02 AM.png
fehro
 
Posts: 22870
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/07/2018 Live Update

Postby fehro » Mon May 07, 2018 1:22 pm

fehro wrote:RUT leads.. some resistance here IWM 5m .. daily RUT below fwiw



still leads… everyone else stalls… VIX still a tad green :roll:
Attachments
Screen Shot 2018-05-07 at 10.21.27 AM.png
fehro
 
Posts: 22870
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/07/2018 Live Update

Postby daytradingES » Mon May 07, 2018 1:59 pm

I wondering if a ramp to 2691 is coming within the next hour?
Good trading to all
daytradingES
 
Posts: 1891
Joined: Thu Sep 13, 2012 10:46 am

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: No registered users and 14 guests