Back to www.cobrasmarketview.com

   

05/10/2018 Live Update

Re: 05/10/2018 Live Update

Postby brokebybernacke2 » Thu May 10, 2018 11:02 am

upper bolly coming up 2718 for a rest,

back test break of 50 and then off to races for bulls.

bears have last chance or again remain silent for weeks..not lookin good, need a power move to bust that 2660ish zone.
Attachments
sc.png
brokebybernacke2
 
Posts: 1352
Joined: Wed Sep 21, 2011 10:10 am

Re: 05/10/2018 Live Update

Postby te_fern » Thu May 10, 2018 11:20 am

Channel I'm watching....
Attachments
SPX.PNG
te_fern
 
Posts: 2059
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/10/2018 Live Update

Postby fehro » Thu May 10, 2018 11:26 am

Attachments
105189474-IMG_5396.530x298_0.jpg
fehro
 
Posts: 22870
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/10/2018 Live Update

Postby JFR » Thu May 10, 2018 11:40 am

SPY daily. The market is resilient. Of course there is lots of money to be invested. But one wonders if a lot of it is on hope.


SPY weekly. Choppy since January. It feels like we are sitting on a precipice. No problem for long and short day traders like us, of course.
Attachments
2018-05-10_0831.png
2018-05-10_0836.png
User avatar
JFR
 
Posts: 1861
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/10/2018 Live Update

Postby te_fern » Thu May 10, 2018 11:46 am

te_fern
 
Posts: 2059
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/10/2018 Live Update

Postby fehro » Thu May 10, 2018 11:54 am

RUT 9 points from ATH.. all other lag big time
Attachments
Screen Shot 2018-05-10 at 8.53.37 AM.png
fehro
 
Posts: 22870
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/10/2018 Live Update

Postby JFR » Thu May 10, 2018 12:00 pm

Runaway overnight gaps on YM, ES and NQ. I find it kind of amazing. For those overly optimistic, the pain might come later.
Attachments
2018-05-10_0857_001.png
User avatar
JFR
 
Posts: 1861
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/10/2018 Live Update

Postby Wallstreetrader » Thu May 10, 2018 12:00 pm

no more descending triangle in daily imo Bulls are safe for now :ugeek:
Wallstreetrader
 
Posts: 975
Joined: Thu Mar 17, 2011 12:00 pm

Re: 05/10/2018 Live Update

Postby brokebybernacke2 » Thu May 10, 2018 12:02 pm

fehro wrote:RUT 9 points from ATH.. all other lag big time



looking rather bully, bears need miracle to get back in triangle and back below that 2660 level
expect a pullback from around this level, but not much , feels like we are amidst a chaser market...
Attachments
sc.png
brokebybernacke2
 
Posts: 1352
Joined: Wed Sep 21, 2011 10:10 am

Re: 05/10/2018 Live Update

Postby fehro » Thu May 10, 2018 12:03 pm

NDX Qs nervous… at HUGE gap from Mar 12.. may stall here…. it's all in AAPLs hands :roll:
Attachments
Screen Shot 2018-05-10 at 9.02.56 AM.png
fehro
 
Posts: 22870
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/10/2018 Live Update

Postby fehro » Thu May 10, 2018 12:08 pm

brokebybernacke2 wrote:
fehro wrote:RUT 9 points from ATH.. all other lag big time



looking rather bully, bears need miracle to get back in triangle and back below that 2660 level
expect a pullback from around this level, but not much , feels like we are amidst a chaser market...



Bears hold it… 50w SMA… then may see something… but NDX Qs pushing into HUGE open gap here.. indexes trying hard
Attachments
Screen Shot 2018-05-10 at 9.06.49 AM.png
fehro
 
Posts: 22870
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/10/2018 Live Update

Postby Cobra » Thu May 10, 2018 12:08 pm


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: 41299
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/10/2018 Live Update

Postby Cobra » Thu May 10, 2018 12:11 pm

te_fern wrote:Cobra, you feeling better???


thanks, better. just got up from the bed. :roll:

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: 41299
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/10/2018 Live Update

Postby JFR » Thu May 10, 2018 12:13 pm

MMM, JPM having a good day.
Attachments
2018-05-10_0912.png
User avatar
JFR
 
Posts: 1861
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/10/2018 Live Update

Postby fehro » Thu May 10, 2018 12:15 pm

SPX .. take a little short here .. 2722 with tight stop… mind the morning gap

/CL 5m possible H&S LOD goes again may see another -$1.15 drop to 69.65ish
Attachments
Screen Shot 2018-05-10 at 9.12.04 AM.png
fehro
 
Posts: 22870
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/10/2018 Live Update

Postby 1der » Thu May 10, 2018 12:26 pm

Bigger Picture - We have exceeded the April 18th high of 2718.50
2018-05-10 ES FIB.jpg
1der
 
Posts: 528
Joined: Thu Mar 24, 2011 4:03 pm

Re: 05/10/2018 Live Update

Postby fehro » Thu May 10, 2018 12:30 pm

1der wrote:Bigger Picture - We have exceeded the April 18th high of 2718.50
2018-05-10 ES FIB.jpg


now the stops are blown out.. do we reverse? :roll:
fehro
 
Posts: 22870
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/10/2018 Live Update

Postby 1der » Thu May 10, 2018 12:38 pm

fehro wrote:
1der wrote:Bigger Picture - We have exceeded the April 18th high of 2718.50
2018-05-10 ES FIB.jpg


now the stops are blown out.. do we reverse? :roll:


Looking back to the 2720 to 2744 area from Mar 19 to 22, looks like ES could go to 2730 - 2733 in a flash.
15 min MACD is not showing any weakness... yet. Must be getting into overbought territory.
1der
 
Posts: 528
Joined: Thu Mar 24, 2011 4:03 pm

Re: 05/10/2018 Live Update

Postby fehro » Thu May 10, 2018 12:42 pm

VIX 50w holds… VIX inches up.. indexes still push a little..
fehro
 
Posts: 22870
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/10/2018 Live Update

Postby fehro » Thu May 10, 2018 1:11 pm

fehro wrote:VIX 50w holds… VIX inches up.. indexes still push a little..


caution TLT heats up.. pops up fast over 20d SMA.. look to 50d.. someone is getting nervous :roll:
Attachments
Screen Shot 2018-05-10 at 10.10.37 AM.png
fehro
 
Posts: 22870
Joined: Fri Sep 02, 2011 2:06 pm

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: Cobra, Google Adsense [Bot] and 32 guests