10/08/2018 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.

=============================================================================================================================================================================

revisiting the previous low so sharp up any time would mean the low might be in, key time. My guess is range day because bond market is closed, the recent sharp down is due to rapidly rising interest rate.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/10 ... ay-update/

[BullBear52x]

find excuse to buy. a dead cat bounce at the least.

[Cobra]

members only update at 9:40 am
http://www.cobrasmarketview.com/2018/10 ... ay-update/

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2018/10 ... ay-update/

[Cobra]

morning hourly hollow red

[BullBear52x]

daily buy the dip, RSI >30 will trigger a buy.

[Cobra]

100% mm possible, I even think it could be uptrend day. let's see.

[Al_Dente]

bond market is closed, but TLT and TBT are still trading

[te_fern]

TICKs are trying to move above their MA lines....

[Daniel]

NYSE up/dn vol is 1.5 : 1 bullish.
Naz up/dn vol is more neutral, tho.

[BullBear52x]

Bulls need to take out 50% or even 61.8% to build more support in micro level.

[te_fern]

BB52, I was thinking the same thing, need to take out the end of day Friday highs first to get anything going!!

[Daniel]

bond market is closed, but TLT and TBT are still trading

When that happens it makes for a perfect Sentiment Indicator.

..Much like Chinese equities traded as ETFs, during the US market hours. The Chinese numbers are done for the day, and are fixed. So a blend of factoring their close, plus what's happening in the now of US and LatAm markets, becomes a pure sentiment-indicator of the "animal spirits".

[Cobra]

key time, if the pullback can be bought then it's uptrend day, sharp pullback here, then it's range high.

[Daniel]

SPY is flat at 10:40am, this means it has fully absorbed some news and numbers from Asia and Europe and deemed them of local concern.

But, on a more macro level, there were some heavy losses overnite, esp. Italy and Shanghai (Composite down 3.7%, after a week closed).

[BullBear52x]

dip buyers are out.

[brokebybernacke2]

longer term, this one chart is my canary, and reactions have started... this is weekly chart, major trend line broken, with current debt levels, someone/s not gonna/never get paid..equities will hurt...bears will have many chances for months..imho. should be great tradin times ahead..

[Daniel]

bond market is closed, but TLT and TBT are still trading

15min timeframe, TLT is showing its first good bull bar of the day.

[Daniel]

VIX near its hod, just under 17

IWM, IYT testing their lod