Cobra's Market View

The Intraday US Stock Market Discussion Board

Skip to content

Back to www.cobrasmarketview.com

    

05/10/2019 Live Update

Post a reply

Re: 05/10/2019 Live Update

Postby Al_Dente » Fri May 10, 2019 12:52 pm

[SAVE FOR LATER]
Do you use Sprint for your phone?
read this:
https://www.zerohedge.com/news/2019-05- ... s-collapse
User avatar
Al_Dente
 
Posts: 24232
Joined: Thu Jul 21, 2011 2:29 pm
Top

Re: 05/10/2019 Live Update

Postby Daniel » Fri May 10, 2019 12:54 pm

Al_Dente wrote:the munchkin said earlier the "trade talks were constructive"

More precisely (courtesy of Briefing.com) "Treasury Secretary Steven Mnuchin announced that trade talks are done for the day, and described them as "constructive", according to CNBC."
meanwhile FXI is holding persistently green, after leading to the downside earlier...
Daniel
 
Posts: 3420
Joined: Fri Feb 10, 2012 4:27 pm
Top

Re: 05/10/2019 Live Update

Postby BullBear52x » Fri May 10, 2019 12:55 pm

Chart for the road: VIX 23 is my uber over sold market and a panic fear level, so far it shows buy panic is still kicking and well. Fearful market but very over sold. Peace!
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 22992
Joined: Tue Feb 22, 2011 3:47 pm
Top

Re: 05/10/2019 Live Update

Postby K447 » Fri May 10, 2019 12:59 pm

BullBear52x wrote:Chart for the road: VIX 23 is my uber over sold market and a panic fear level, so far it shows buy panic is still kicking and well. Fearful market but very over sold. Peace!


Buy Panic = buy the market when VIX touches 23?
K447
 
Posts: 750
Joined: Fri Aug 26, 2011 10:43 am
Top

Re: 05/10/2019 Live Update

Postby Daniel » Fri May 10, 2019 1:24 pm

XLF grn, and well off its lod.
On a daily chart, the ETF looks like it may be holding onto a breakout above multi-week resistance.
Daniel
 
Posts: 3420
Joined: Fri Feb 10, 2012 4:27 pm
Top

Re: 05/10/2019 Live Update

Postby Daniel » Fri May 10, 2019 1:31 pm

FXI = 41.86/sh = EEM

Love it when this happens, makes comparison RS super-easy. RS for dummies.

:)
Daniel
 
Posts: 3420
Joined: Fri Feb 10, 2012 4:27 pm
Top

Re: 05/10/2019 Live Update

Postby Al_Dente » Fri May 10, 2019 1:40 pm

I posted this at 11:14 am:
‏zh retweeted this 15min ago; i can't verify it...
@govttrader
Trump currently talking to market strategists about what tweet content would best cause ES futures to rally this afternoon.
stay tuned...


That pisses me off
If he has the time to talk to “market strategists” [which he has done before], then he would have the time to tweet, and brag.
Now I have to add @govttrader to my long list of “questionable trustworthiness”
User avatar
Al_Dente
 
Posts: 24232
Joined: Thu Jul 21, 2011 2:29 pm
Top

Re: 05/10/2019 Live Update

Postby K447 » Fri May 10, 2019 1:50 pm

Al_Dente wrote:I posted this at 11:14 am:
‏zh retweeted this 15min ago; i can't verify it...
@govttrader
Trump currently talking to market strategists about what tweet content would best cause ES futures to rally this afternoon.
stay tuned...


That pisses me off
If he has the time to talk to “market strategists” [which he has done before], then he would have the time to tweet, and brag.
Now I have to add @govttrader to my long list of “questionable trustworthiness”

I read that as mere ZeroHedge snark and sarcasm, not useful info
K447
 
Posts: 750
Joined: Fri Aug 26, 2011 10:43 am
Top

Re: 05/10/2019 Live Update

Postby Al_Dente » Fri May 10, 2019 1:56 pm

K447 wrote:........I read that as mere ZeroHedge snark and sarcasm, not useful info

All media snarky
Latest headline at CNBC:
“China, Schmina” ... I'm not joking
“U.S. Hikes Chinese Tariffs”
[moments ago]
User avatar
Al_Dente
 
Posts: 24232
Joined: Thu Jul 21, 2011 2:29 pm
Top

Re: 05/10/2019 Live Update

Postby JFR » Fri May 10, 2019 2:02 pm

A plunge, and then right back to the opening price (QQQ is close).


2019-05-10_1100.png
User avatar
JFR
 
Posts: 4401
Joined: Sun Dec 02, 2012 7:24 pm
Top

Re: 05/10/2019 Live Update

Postby te_fern » Fri May 10, 2019 2:14 pm

Shows breakout on this morning's chart. A lot of resistance above.....
Attachments
SPX.PNG
te_fern
 
Posts: 3128
Joined: Tue Nov 24, 2015 3:35 pm
Top

Re: 05/10/2019 Live Update

Postby Al_Dente » Fri May 10, 2019 2:14 pm

25% tariffs
and the dow is now green :roll:
User avatar
Al_Dente
 
Posts: 24232
Joined: Thu Jul 21, 2011 2:29 pm
Top

Re: 05/10/2019 Live Update

Postby JFR » Fri May 10, 2019 2:17 pm

Big picture. Lots of red. Trying to bottom? I would not mind if the market gave Tariff Man a kick in the pants.


2019-05-10_1113.png
User avatar
JFR
 
Posts: 4401
Joined: Sun Dec 02, 2012 7:24 pm
Top

Re: 05/10/2019 Live Update

Postby Al_Dente » Fri May 10, 2019 2:27 pm

Yes, VIX went green-bull-spy
Question is: will it stay green for one day or for six days?
See previous green boxes
510vix2.png.png
User avatar
Al_Dente
 
Posts: 24232
Joined: Thu Jul 21, 2011 2:29 pm
Top

Re: 05/10/2019 Live Update

Postby Cobra » Fri May 10, 2019 2:32 pm

1st touch of ema20 in 2+ hours, watch for buy setup. actually H1 long setup was just triggered. I don't know H1 would work or not, but I do believe the pullback would be bought.
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
Cobra
Site Admin
 
Posts: 46399
Joined: Sat Feb 12, 2011 10:29 pm
Top

Re: 05/10/2019 Live Update

Postby JFR » Fri May 10, 2019 2:35 pm

Resistance at the opening price. Taking a break ...


2019-05-10_1138.png
User avatar
JFR
 
Posts: 4401
Joined: Sun Dec 02, 2012 7:24 pm
Top

Re: 05/10/2019 Live Update

Postby Al_Dente » Fri May 10, 2019 3:01 pm

HAPPY HOUR
User avatar
Al_Dente
 
Posts: 24232
Joined: Thu Jul 21, 2011 2:29 pm
Top

Re: 05/10/2019 Live Update

Postby JFR » Fri May 10, 2019 3:05 pm

DIA and SPY trying for a breakout. IWM and QQQ at resistance.


2019-05-10_1203.png
User avatar
JFR
 
Posts: 4401
Joined: Sun Dec 02, 2012 7:24 pm
Top

Re: 05/10/2019 Live Update

Postby JFR » Fri May 10, 2019 3:20 pm

Breaking out. Amazing resilience in this market.


2019-05-10_1219.png
User avatar
JFR
 
Posts: 4401
Joined: Sun Dec 02, 2012 7:24 pm
Top

Re: 05/10/2019 Live Update

Postby Al_Dente » Fri May 10, 2019 3:21 pm

WEEK AT A GLANCE
510week glance.png.png
User avatar
Al_Dente
 
Posts: 24232
Joined: Thu Jul 21, 2011 2:29 pm
Top
PreviousNext
Post a reply

Return to Traders Lounge

Who is online

Users browsing this forum: Google [Bot] and 12 guests

Powered by phpBB® Forum Software © phpBB Group
DISCLAIMER

The content on this website is provided as information only and should not be taken as investment advice. All site content shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author and are for entertainment purposes only. Any investment decision that results in losses or gains made based on any information on this site is not the responsibility of author.

This website provides third-party websites for your convenience but the author does not endorse, approve, or certify the information on other websites, nor does the author take responsibility for a part or all materials on the third-party websites which are not maintained by the author.