01/03/2020 Live Update

[alphahorn]

can't imagine wanted to hold longs over this weekend

[Al_Dente]

Members only update at 12:05 pm
http://www.cobrasmarketview.com/2020/01 ... ay-update/

Boss, is your 60min chart updating?

[Al_Dente]

War

[Trades with cats]

can't imagine wanted to hold longs over this weekend

Not that I wood, but as long as the Central Bankers continue to prop the market then everyone knows the liquidity flood will come. Not one FOMC speaker stating serious concerns about the future, instead it is all happy thoughts and blue skies. The fix is in until the system breaks.

Apple is the microcosm. Price doubles on a 2 percent revenue decline. Going up against Disney and dangley ear buds are not replacing phone margins, but as long as Cook has a cash bazooka the insanity will continue. I think it was an English economist from the 1930's and 1940's who has a quote about insane markets and your bank account. But WeWork/Softbank are the flip side of the Apple coin. As long as you are buying the drinks the crowd thinks your brilliant, but once the money runs out watch out.

I will be watching the Asian session on Sunday night for sure for hints on which way the Monday gap open will be.

[Al_Dente]

DFEN is the 3x for Aerospace and Defense, but NO VOLUME

[Trades with cats]

5 minute view of potential double top. Order book has 400 plus sell orders at 46, 47, and 48 with the all the .25, .50 and .75's showing 25 to 50% less. So the big guys are active is my guess.

[Trades with cats]

Should add that I learned to look for divergence on the Delta. The third row of Delta is the net for the bar, so up bars with red delta and vis a versa are supposed to be meaningful. Two in a row on the right side of the chart.

[Al_Dente]

XAR is the symbol for 1x Defense, but no volume there either

[Cobra]

Members only update at 12:05 pm
http://www.cobrasmarketview.com/2020/01 ... ay-update/

Boss, is your 60min chart updating?

Members only update at 1:00 pm
http://www.cobrasmarketview.com/2020/01 ... ay-update/

[Cobra]

I don't think the pullback means the rebound was over. The rebound should still have legs.

[Al_Dente]

Update: Jan. 3: NBC News has confirmed the U.S. military will send 3,500 troops to the Middle East following the attack of the U.S. embassy in Baghdad and the killing of Iranian Gen. Qasem Soleimani.
Three U.S. defense officials told NBC that the troops would be dispersed across several military bases in Iraq and Kuwait.
The deployment of one brigade of the 82nd Airborne Division, approximately 700 troops, has already arrived in the Middle East.
The U.S. State Department urged all Americans citizens to leave Iraq on Friday.

[Pasta here: SEEK PROTECTION NOW. War may be the “catalyst” we we were watching for. If we wait for Iran to respond it may be too late; seek protection now].

[Al_Dente]

UNCONFIRMED
@farnazfassihi
4 minutes ago
Breaking: Unconfirmed reports of ballistic missiles hitting largest US military base Ain Al-Assad in #Iraq & massive explosions, via IRGC Telegram channels.

[Trades with cats]

Attack denied by US and Iraq base officers.

[alphahorn]

if i were a portfolio manager, i'd be lightening my load all the way to the close

[Trades with cats]

if i were a portfolio manager, i'd be lightening my load all the way to the close

Pretty big unbalance in the order book, looks like lots of traders trying to exit on a retest of the highs.

[Al_Dente]

HAPPY HOUR

[Al_Dente]

potus to speak soon

[Trades with cats]

Power Hour lives up to it's name with that first bar. (13 05) bar on my chart).Someone is stepping up and buying close to the highs of the day so I am guessing it could be risk management for the options market makers hedging their book. Or traders betting on PBoC and Fed for a gap up Monday. Sort of like a well conditioned dog, trouble means liquidity.

[Al_Dente]

potus live now

[Cobra]

Maybe this pullback would be bought again, maybe.