06/11/2018 Live Update

[fehro]

TRAN .. H&S possible multi months.. range breakout

[Cobra]

it's h1 long here. generally the pullback should be bought.

[Cobra]

failed h1, now wait to see h1 or h2 at ema20.

[Cobra]

h1 long at ema20 this time might have better chances because the signal bar (the one touching ema20) was very strong, let's see.

[Wallstreetrader]

The only think negative in my homework ... , until i see here a decisive breakout i will stay cautions

[fehro]

RUT weak red, IWM nLODs.. SPX grinding… VIX still green

[Al_Dente]

higher low chart, 15min

[Trades with cats]

Sept Contract

[Cobra]

failed h1 again. it's testing the Mar 13 high and got rejected. probably will test 15 min ema20.

[Wallstreetrader]

Bull Flag ?

[Al_Dente]

Insiders are gaming the Stock Buyback system. Here’s how:
1) announce the buyback
2) investors get excited and buy the stock
3) the stock pops
4) insiders sell the pop
https://www.zerohedge.com/news/2018-06- ... to+zero%29

THIS STORY HAS BEEN PICKED UP BY MOST ALL MEDIA OUTLETS

[Cobra]

double bottom? 51% chances.

[Al_Dente]

HAPPY HOUR

[Trades with cats]

Ah the battle for public perceptions. As long as gross sales and profits were flat "they" have convinced us that going into debt to reduce the share count and guarantee rising earnings and profits per share on flat to declining total sales was a good thing. The so called financial engineering. Now suddenly we are told that the billions in buy backs were not simply altruistic on the part if management. The great thing about financial engineering is it cuts both ways. All the help on the way up is extra weight on the way down.

I do remember that wonderful clip Pasta Boss found of Bob Pisani explaining why there was no such thing as an earnings black out period for share buybacks just as Goldman and the boyz were publishing all about when the earnings blackout buyback period would end. Waiting for Pisani to explain why the SEC commissioner is wrong! May have to pull in Jim Kramer on this one.

[Cobra]

members only update at 3:52 pm
http://www.cobrasmarketview.com/2018/06 ... ay-update/

[Trades with cats]

Tap dancing on the 1 hour Opening Range high, not an auspicious ending for an up day.

[Cobra]

well, guess that's it for today. Tuesday tomorrow has been generally bear friendly recently. thank you guys, I'll see you in another thread soon

before the close, please take a little time to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp