10/24/2019 Live Update

[Cobra]

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testing the previous high, key time. I think bias is up.

[Cobra]

the members only update starts here: http://www.cobrasmarketview.com/2019/10 ... ay-update/

[Heck]

All Three C/P Option Sentiment Indicators = DOWN

Sentiment = GREED = DOWN

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2019/10 ... ay-update/

[Cobra]

it's morning hourly filled black bar

[Mr. BachNut]

The NYMO cycle remains up.
It has been steadily climbing above the zero line in small increments.
It seems to be moving like the little engine that could, which is to say that it is straining to climb the hill but is managing to get the job done.
While a corrective move down to the zero line would be normal, this thing could simply exhaust itself and turn.

Price has been making some upward progress as well.
The last up gap target is less than 10 handles above this morning's high.
The last days of October are generally supportive of equity prices, so bulls have a shot at that target.
On the other hand we are back to 10 open gaps below. At least a few of those will get closed in due course.
I have some data suggesting some vulnerability ahead, but nothing is actionable for me until price turns.

The upper and lower keltner bands are closing.
Narrowing bands can set the stage for a nice tradeable move.
Whichever band (top or bottom) gets tagged first should set a bias.

I still have an SPX runner position and a core R2K position.
Since last post, I scaled out a profit unit in R2K. Would like to scale out one more before leaving a runner.

[Cobra]

it may or may not be a downtrend day but since until break below yesterday's low there're lots of supports so I treat it as a range day anyway.

[Al_Dente]

Recent news: ODD LOTS ARE BACK
Why that matters: “...it could be a ‘game-changer’ for investors...”
https://www.marketwatch.com/story/charl ... =rss&rss=1

[Cobra]

now it's clearly a range day. about 51% chances being a down in the morning then up and up (such as now) the rest of the day type of day. let's see.

[Al_Dente]

TWTR is not in QQQ
It is in XLC

[Cobra]

members only update at 11:55 am
http://www.cobrasmarketview.com/2019/10 ... ay-update/

[Al_Dente]

TODAY after the close: AMZN, FSLR, INTC, TMUS, V
Friday, October 25:
Before the open: VZ

[Cobra]

ok, now we know it's not a down in the morning up and up the rest of the day type of day, it's just a range day. now the question is where the range low is.

[Al_Dente]

$NYDEC:$NYADV = 1.4X
$NYDNV:$NYUPV = 2.2X
(healthy selling volume, but narrow based)

[JFR]

ES, YM and RTY gap up, filled. NQ gap up, not filled.

[JFR]

ES daily. Still in the base, at the top of it, well above the EMA 20.

[JFR]

ES five minutes. Up and down like a yo-yo. Relatively clean moves. Bulls and bears taking turns.

[JFR]

Some DOW stocks up for the day.

[Cobra]

maybe the range low was in?

[JFR]

And some DOW stocks down for the day.