Back to www.cobrasmarketview.com

05/08/2018 Live Update

te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/08/2018 Live Update

Post by te_fern »

TICKs are not helping the bull case....
Attachments
Tick.PNG
This is not investment or trade advice.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/08/2018 Live Update

Post by fehro »

Trades with cats wrote:fehro,
you are looking at reality, I am talking about the Unicorn number the Saudi's need to fund the grand plan. Trump needs 40 oil if people are to actually have any benefit from tax cuts before the November elections. Hedge funds are not adding to their longs, so you know they are nervous.
yup.. add all those electric cars about to come on line by the big manufactures.. oil long term will be toast.

https://www.bloomberg.com/news/articles ... l-industry

https://www.zerohedge.com/news/2017-12- ... cargo-ship

https://cleantechnica.com/2018/01/01/sh ... axis-next/

Just One city, yup just 1 ... in China has more electric buses than all of America’s biggest cities have buses

If 16,359 buses sounds like a lot, that’s because it is. As shared by our friend and contributor Tim Dixon on EV Obsession, that’s approximately 3 times as many buses as New York City has in its fleet (all buses), and nearly 8 times the total Los Angeles has (see chart on right).
Attachments
Shenzhen-bus-fleet-electric.png
Shenzhen-bus-fleet-electric.png (5.21 KiB) Viewed 5237 times
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/08/2018 Live Update

Post by te_fern »

S1 pivot area seems to be holding this market up!!
Attachments
SPX.PNG
This is not investment or trade advice.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/08/2018 Live Update

Post by fehro »

SPX pink H&S .. yellow one toast SPX and SPY at neckline… holding so far..
Attachments
Screen Shot 2018-05-08 at 9.37.23 AM.png
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/08/2018 Live Update

Post by Trades with cats »

41 % of US Metro buses running on alternate fuels. Translation compressed natural gas.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/08/2018 Live Update

Post by Trades with cats »

There goes the OR low and the overnight low. Darn I scratched my short instead of gutting it out. At least I have 2:00 to look forward to :lol: :lol: :lol:
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/08/2018 Live Update

Post by Trades with cats »

New to me, ETF GVIP or in English Goldman VIP fund that follows the top 50 hedge fund holdings. Supposedly like the S&P 500 on steroids. So short this, short oil, go long the dollar and long 10 year treasuries and you have faded the hedge funds. All joking aside this may be a better canary than the FANGS index.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/08/2018 Live Update

Post by te_fern »

TICKs are trying to climb back to their MA lines....
Attachments
Tick.PNG
This is not investment or trade advice.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/08/2018 Live Update

Post by Trades with cats »

My chart has gone to mild positive also.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/08/2018 Live Update

Post by Trades with cats »

te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/08/2018 Live Update

Post by te_fern »

Continuing my short story (SPXS), I realized I put my stop loss in wrong and it didn't execute. Then it ran back up to breakeven (good) and I got a little greedy. Now I'm slightly underwater and hoping Trump dumps the market at 2:00. Not sure this ride has been worth it. Ha!
Attachments
SPXS.PNG
This is not investment or trade advice.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/08/2018 Live Update

Post by JFR »

The market is not as wild as it was a month ago or back in February. It is quieter, stuck in a range.
Attachments
2018-05-08_1112.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
Cobra
Site Admin
Posts: 58337
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/08/2018 Live Update

Post by Cobra »

double bottom, the low might be in for today.
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: 05/08/2018 Live Update

Post by fehro »

Brick wall holds 2665/75 :roll: LOD goes.. buckle up
Attachments
Screen Shot 2018-05-08 at 11.36.23 AM.png
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/08/2018 Live Update

Post by Daniel »

TLT grn
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/08/2018 Live Update

Post by Daniel »

te_fern wrote:Continuing my short story (SPXS).... hoping Trump dumps the market at 2:00
Maybe more like 2:30. But it could be a cause and effect, hard line tone from POTUS.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/08/2018 Live Update

Post by Daniel »

As Fehro and others have been pointing out for a couple months-- SPY 265-66 is the magnetic center of its concentric circle of ranges.

Last 15min bar touched the (upslope) 15min 200ema and is now struggling to hold above.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/08/2018 Live Update

Post by fehro »

fehro wrote:Brick wall holds 2665/75 :roll: LOD goes.. buckle up

buckle up AAPL H&S 5m 3 day.. it goes look for -$4.50 drop .. INDEXes will follow /CL tries to push us up
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/08/2018 Live Update

Post by Trades with cats »

Oil is done for the day CL pits close at 2:30 Eastern. Running on Globex platform after hours.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/08/2018 Live Update

Post by fehro »

fehro wrote:
fehro wrote:Brick wall holds 2665/75 :roll: LOD goes.. buckle up

buckle up AAPL H&S 5m 3 day.. it goes look for -$4.50 drop .. INDEXes will follow /CL tries to push us up

neckline adjusted.. possible retest… SPX .. watch AAPL /CL bounces indexes.. retests breakdown level again 5m /CL
Attachments
Screen Shot 2018-05-08 at 11.56.51 AM.png
Post Reply