05/29/2018 Live Update

[Trades with cats]

Crowded trades as I understand them.
Long US dollar
Short 10 year treasuries (record levels)
Long crude oil (starting to take profits)
Long Hedge Fund Hotel equities FANGS and friends

[Trades with cats]

After I shoot off my mouth a well written explanation on the crowded trades
https://realinvestmentadvice.com/everyo ... -the-boat/

[fehro]

SPX testing 20w SMA here 2698

as per usual.. mind the gap(s)

20w SMA near LOD finds initial support.. mind the resistance near here.. and the open gap under LOD

weakens… SPX 20d/20w 2706/2700 under this.. not good

ding ding SPX fills gap nLOD.. support if not look out below <20w/20d SMA

[100sma]

short.

[Al_Dente]

TNX 10yr yield down -3.14% to 28.39 (2.83% yield)

[te_fern]

Breaking lower, as fehro said, look out below...

[te_fern]

Getting close to the ON low, may get a bounce there....

[fehro]

TLT straight up.. mind the 50d SMAs

[Cobra]

decisive break down, so today likely a downtrend day usually with later day reversal up.

[100sma]

decisive break down, so today likely a downtrend day usually with later day reversal up.

Thanks for the advice. I am not going to chase the market. Will look for the reversal in the afternoon.

[te_fern]

No pause, fell right thru the ON low. Hope Cobra's right on the potential reversal....

[fehro]

SPX

[MrMiyagi]

NYMO day low was at the open, hit -23. Will check if this last drop moves the needle any further, -40 retest isn't impossible, haven't seen it since March 27th.

[Trades with cats]

No one can doubt that we could easily close at around ES 2,700. The issue is what happens between now and then.

[Trades with cats]

I wonder why US treasuries now, and all I can think is with the Bund moving so far and fast they are looking for a better value safe haven. And that begs the second question, how much pain is Draghi going to inflict to force the federal union the Germans want? Will they go too far with their waterboarding and drown Italy?

[100sma]

Hi guys,

Just information....Safety haven Swiss Franc and Yen are getting stronger which is not good for the stocks.

[Cobra]

members only update at 12:10 pm
http://www.cobrasmarketview.com/2018/05 ... ay-update/

[Wallstreetrader]

DIP

[Al_Dente]

VIX is up 34%

[fehro]

nears support 50d 2672 ish