Back to www.cobrasmarketview.com

05/17/2019 Live Update

User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

05/17/2019 Live Update

Post by 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.
=============================================================================================================================================================================

no idea whether the pullback would be bought or not. my guess is, there might be a rebound but might only make a lower high so the overall rebound for the past 3 days was over?
Attachments
ES60min.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: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/17/2019 Live Update

Post by Cobra »


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.
1der
Posts: 656
Joined: Thu Mar 24, 2011 4:03 pm

Re: 05/17/2019 Live Update

Post by 1der »

This morning- SPY PBars
286.95 and 287.70 (do not normally see PBars at 5:30 PT)
Yesterday still out there at 284.48
BAA095AE-CBED-44BA-BB3B-51F84CF19E3E.png
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/17/2019 Live Update

Post by Al_Dente »

Chart update:
Proxy for Trade Wars
with SPY in purple for comparison
517trade wars.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/17/2019 Live Update

Post by Cobra »


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: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/17/2019 Live Update

Post by Cobra »

it's morning hourly hollow red
Attachments
2.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
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/17/2019 Live Update

Post by Al_Dente »

$NYDEC:$NYADV = 3.6x
$NYDNV:$NYUPV = 4.8x
Both were about 5.5x at the open
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/17/2019 Live Update

Post by Al_Dente »

OPEX
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/17/2019 Live Update

Post by Trades with cats »

Cheep Thrills-
MES futures contract is doing well. Somebody at Big Mikes, now Futures.io said that they booked 20 trades yesterday and Interactive's bill was less than $20. Somewhere around 96 cents a round trip. Compared to the ES it is small potatoes but hey at $5.00 a point you can trade like crazy and play all the stuff you want for the price of dinner and a movie (if you are wrong).

It looks to me like a 200 tick chart is close to a 2000 tick ES, so I am guessing they have all ready made the goal of 10% of the ES volume.

If you prefer the other 3 indexes they (Micro Futures) are also available for DOW, Russel 2000 and the NAS :D
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/17/2019 Live Update

Post by BullBear52x »

Rnage day with a bear bias. sell
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/17/2019 Live Update

Post by Trades with cats »

ES 06-19 (15 Minute) 2019_05_17 (8_35_20 AM).png
15 minute regular hours. Composite is from May 1st.
Volume profiles not showing any consensus on fair price for the market. Helps to explain why my regression analysis trend lines look so bad. :)
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/17/2019 Live Update

Post by Cobra »

EMA20 didn't stop bulls so probably bears are over for today again.
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
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/17/2019 Live Update

Post by BullBear52x »

Not a good start for me today, Oy...
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/17/2019 Live Update

Post by BullBear52x »

I am seller until the yesterday's high is taken out, I will find excuse to sell at any peak level today. will see.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/17/2019 Live Update

Post by Cobra »

this bull shall have legs.
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
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/17/2019 Live Update

Post by Al_Dente »

Al_Dente wrote:$NYDEC:$NYADV = 3.6x
$NYDNV:$NYUPV = 4.8x
Both were about 5.5x at the open
Bears gave it all away
$NYDEC:$NYADV = 1.1x
$NYDNV:$NYUPV = 1.1x
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/17/2019 Live Update

Post by Daniel »

Bloomberg: US to lift steel, aluminum tariffs on Canada, Mexico.

Rumor? Announcement?
User avatar
JFR
Posts: 10127
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/17/2019 Live Update

Post by JFR »

DIA, IWM, QQQ and SPY.

Back later ...
Attachments
2019-05-17_0825.png
Last edited by JFR on Fri May 17, 2019 11:38 am, edited 1 time in total.
Charts posted are not recommendations. They are just a sharing of information.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/17/2019 Live Update

Post by Trades with cats »

Other Time Frame Traders with a different set of values are active today for options expiration.

Charlie Boy explains it all recapped at Zero Hedge with charts showing why the Gamma hedgers moved us back up today. Of note his trigger levels for major indexes, bonds and commodities for all those CTA models.

I think of them as a vast heard of buffaloes that normally are just grazing on the horizon. But every once and a while the heard moves and tramples everything in their path. Especially when they stamped. :o
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/17/2019 Live Update

Post by Daniel »

IWM below daily VWAP now. All other majors--including MDY--are well above it.
Post Reply