Back to www.cobrasmarketview.com

05/15/2018 Live Update

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

Re: 05/15/2018 Live Update

Post by Trades with cats »

Ah ! It depends on what the definition of rigged is. I am working off a definition that means a criminal attempt to defraud. The Fed put was well documented and well known effort to influence the public. The plunge protection team was established by Reagan. So to me these are political games, like the tax code.

I do not think we have ever had an open market where no entity has had undue influence, let alone close to equal knowledge by all players. That would be Camelot and we, I am afraid, are stuck in the war of the roses. Still, just like the Greek soldiers who conquered the known world we do sit at our campfire the night before and decide if the commanders have a good plan of battle or not, and if it isn't a good plan, well we make our own.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/15/2018 Live Update

Post by Trades with cats »

Initial bounce off the low looked solid enough for me to cover. If it isn't a double bottom I am all in with fehro that the entire move up from the 2665 2670 Es range can be easily covered. Am particularly nervous because Dennis Gartman has announced that he switched to bull this morning. :o :lol: :lol: :lol:
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/15/2018 Live Update

Post by te_fern »

Also some support here from last week. Can it hold????
Attachments
SPX.PNG
This is not investment or trade advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/15/2018 Live Update

Post by Al_Dente »

Higher low update
Flipped to lower lows
Lower lows are now the guide, unless/until they are challenged by a higher low and a convincing breakout
Options traders favor lower lows … at the moment… (1/VIX is the dashed green line behind SPX)
15m
515lower low.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/15/2018 Live Update

Post by fehro »

daytradingES wrote:
Trades with cats wrote:It isn't that it is a rigged game, I think it more that those with deep pockets play a different version, like a medieval game of thrones, we all have our place but the rules for us aren't the same as for those with titles. If it was well and truly rigged I don't think we would see the turn over in the great houses. This is, after all the great game. ;)
I think that if you think it isn't rigged you are holding a conspiracy theory.

Every large dip was bought by the US Govt at 10% since 2009.
It is rigged.
The free market died.
zero % LT bonds and negative yield IS rigging.
It has forced pension funds and govt around the world to move into equity from LT bonds.
It is rigged - no question.

yes. very much rigged. Just look to the large block prints in the dark pools. 53 million shares :roll: of SPY blocks is probably a strong level of support or resistance, and add the Options writers wag the dog .. now with Mon, Wed. Fri, what's next hourlies? :roll: Several of the pbars are just "late" dark pool orders.. reporting late.. they have 24hrs (market hours) to report the trade.. hence the "late" pbar

https://datatraderpro.com
Attachments
Screen Shot 2018-05-15 at 9.37.13 AM.png
User avatar
Cobra
Site Admin
Posts: 58335
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/15/2018 Live Update

Post by Cobra »

now i'm awake. interesting. double bottom or not, wait and see.
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
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/15/2018 Live Update

Post by Al_Dente »

NOT MARKET RELATED
Bohemian Rhapsody trailer: First look
(in theatres Oct 24)
https://www.standard.co.uk/showbiz/cele ... 39936.html
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/15/2018 Live Update

Post by fehro »

weakening .. SPX mind that green line.. gap under us.. breaks..look to a very fast fill
Attachments
Screen Shot 2018-05-15 at 10.05.49 AM.png
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/15/2018 Live Update

Post by Trades with cats »

This is looking like ground hog day all over again!
rajesht
Posts: 10
Joined: Sun Jul 26, 2015 11:05 am

Re: 05/15/2018 Live Update

Post by rajesht »

Next stop 2620. Lets see.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/15/2018 Live Update

Post by Daniel »

Cobra wrote:double bottom or not, wait and see.
SPY and QQQ are back below their 5min 20ema-- and neither has been above the 15min 20ema so far today.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/15/2018 Live Update

Post by te_fern »

Continues to bounce off the support line....
Attachments
SPX.PNG
This is not investment or trade advice.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/15/2018 Live Update

Post by Daniel »

UUP is having trouble holding its multi-month high around 24.50, set earlier in the month. Gapped open above it, has since mainly traded below.

Meanwhile SPY has plunged to a marginal new LOD. Will this be a quick grabbing of some stops, before reversing-- the "trick" Cobra often refers to? Or the beg of a new leg down...
Last edited by Daniel on Tue May 15, 2018 2:02 pm, edited 1 time in total.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/15/2018 Live Update

Post by fehro »

fehro wrote:weakening .. SPX mind that green line.. gap under us.. breaks..look to a very fast fill

cracks.. look to 2685 next level of bigger support
Attachments
Screen Shot 2018-05-15 at 10.59.10 AM.png
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/15/2018 Live Update

Post by te_fern »

There it goes...
Attachments
SPX.PNG
This is not investment or trade advice.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/15/2018 Live Update

Post by fehro »

VIX nears 20d 15.32 indexes get uglier.. SPY Qs nLODs.. RUT IWM lags still
Attachments
Screen Shot 2018-05-15 at 11.02.36 AM.png
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/15/2018 Live Update

Post by fehro »

VIX takes out 20d SMA with conviction buckle up
Attachments
Screen Shot 2018-05-15 at 11.05.53 AM.png
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/15/2018 Live Update

Post by te_fern »

Getting the back test. If we make a new low shortly, probably a good time to go short...
Attachments
SPX.PNG
This is not investment or trade advice.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/15/2018 Live Update

Post by fehro »

/GC nLOD look to 100w SMA / 20 month SMA 1275/70 next stop
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/15/2018 Live Update

Post by fehro »

bank rules news trumps :roll: :lol: :lol: bad NK news.. :roll: https://www.zerohedge.com/news/2018-05- ... erm-trades

Indexes pop
Last edited by fehro on Tue May 15, 2018 2:32 pm, edited 1 time in total.
Post Reply