09/06/2018 Live Update

[te_fern]

Small bounce here....

[te_fern]

Big Board TICKs look like they need some consolidation, they're way ahead of their MA line...

[Trades with cats]

Comments from the California golden boy this morning. Personally I think he gets a bit hyperbolic when things happen but hey if I ever make $300,000 in a month and post my brokerage statement online to prove it then, and only then will I be critical of Coolbizone. Remember he is posting West Coast time zone so add 3 hours.

Waterfall slide has begun, at 2881 now needs to take out 2871 and 2855 soon

7:15 AM - 6 Sep 2018

SPX took out 2871, now needs to take out 2855 and ultimatley 2802.49 for confirmation. If it did that than it targets 2595 in a hurry. (These projections need valif price ction Or will adjust swiftly, a must for all profitable traders.)
Has much, much lower targets of 2035-1770

8:10 AM - 6 Sep 2018

[icman]

Few days ago he was saying 2888 then back to 2950.

[Cobra]

members only update at 11:53 am
http://www.cobrasmarketview.com/2018/09 ... ay-update/

[Al_Dente]

FAANG +
20 days
%

[Trades with cats]

Few days ago he was saying 2888 then back to 2950.

Yes, as both myself and Mr. Bachnut have commented here he changes his positions very quickly. He was constantly criticized on an Elliot Wave blog we both followed in the past. He did put up his brokerage statement to show everyone that he did hit $300,000 net for the month of August trading futures and options.

He always uses stops and says so. He always says to read market action (be neither a bull or a bear).
Evidence of that was him dumping his shorts before the open today.

[te_fern]

Few days ago he was saying 2888 then back to 2950.

Yes, as both myself and Mr. Bachnut have commented here he changes his positions very quickly. He was constantly criticized on an Elliot Wave blog we both followed in the past. He did put up his brokerage statement to show everyone that he did hit $300,000 net for the month of August trading futures and options.

He always uses stops and says so. He always says to read market action (be neither a bull or a bear).
Evidence of that was him dumping his shorts before the open today.

And he went short last night. We had time to follow on the open this morning...

[te_fern]

Twitter says he posted that he was short 16 hours ago. As TWC said, you have to be quick to follow him and he doesn't always post his positions timely...but what can we expect for free... lol!

[Trades with cats]

FAANG Plus- So comments about margin calls on some of those are theoretically possible. But you will know when all the funds try to get through the gate at the same time

I do remember those multi day waterfall drops from the Financial Crisis. I didn't know what they were called at first and when I found the term and a definition on the internet it was a real forehead slap moment. Then when I put fib tools on a waterfall well wow that was truly spectacular!

[Al_Dente]

SMALLS will soon have an opportunity to double bottom
5min

Megaphone tilted down, “Descending Broadening Wedge”
“Downward breakouts are quite rare” [he means downward breakdowns]
“The breakout direction is upward 79% of the time.”
http://thepatternsite.com/dbw.html

[te_fern]

Pasta Boss, the megaphone statistic will also work on the SPX...

[te_fern]

Thanks for finding that....

[Al_Dente]

Recall the Bloomberg Billionairs List I posted a couple days back, showing JEFF BEZOS as The Richest Guy on the Planet.
RICHEST GUY HAS PROBLEMS:
Bernie Sanders noted that "Thousands of Amazon workers have to rely on food stamps, Medicaid and public housing to survive.”
Bezos has a problem with that counting: " Those figures are “inaccurate and misleading,” because they include temporary workers as well as those who choose to work part time.
Sanders introduced a Senate bill called the "Stop BEZOS Act", that would require large employers like Amazon and Walmart to pay back the government for 100% of the food stamps, public housing, Medicaid and other federal assistance received by their workers.
"… the taxpayers of this country would no longer be subsidizing the wealthiest people in this country who are paying their workers inadequate wages…"
[Fat chance it will pass, but stay tuned....]
[source: Washington Post, yesterday]

[Al_Dente]

Thanks for finding that....

[Al_Dente]

IMHO i like coolbizone
and i appreciate cats and others who post his QUICK stuff

[Al_Dente]

once again:
oil moves big
market moves big
coincidence?
mmmmmm no

[Al_Dente]

i am going to erase the cyan H&S on SPX (from cats, a few days ago)
bc it met target this morning
5min

[Trades with cats]

Wall Mart and Amazon. Progressives have to have a villon company to protest about and legislate against. (similar for the other side as in coal). Amazon has replaced Wall Mart as that company. Bernie just rang the bell.

[Trades with cats]

Not following yesterday's game plan. This retest is an hour late and it wasn't supposed to be a double bottom. I think the coaching staff in the Marriner Eccles building is confused.

If they can get back on track yesterday closed at around the overnight low which is about 14 points away. Goldman really needs some buyback authorizations!