Back to www.cobrasmarketview.com

01/24/2020 Live Update

Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 01/24/2020 Live Update

Post by Trades with cats »

ES 03-20 (2000 Tick) 2020_01_24 (9_00_48 AM).png
Ragged double bottom. You can see where the sellers are waiting at 21.50.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 01/24/2020 Live Update

Post by JFR »

ES 5. Back up to the pivot.

2020-01-24_0805.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 01/24/2020 Live Update

Post by JFR »

ES 5. Getting squeezed between the pivot and the EMA 20. Waiting for a breakout.

2020-01-24_0811.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
alphahorn
Posts: 243
Joined: Fri May 27, 2011 9:36 am
Location: New Mexico
Contact:

Re: 01/24/2020 Live Update

Post by alphahorn »

today is a day for the bears, they've been waiting. taking some off here, but leaving one on to see if my 3295 (updated) target is met
Subscription website www.alphahorn.com trading ETFs since 2011. Portfolio has grown from $100,000 to over $700,000 as of 11/19
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 01/24/2020 Live Update

Post by JFR »

ES 5. Breakdown beneath the pivot, finding support at pivot S1.

2020-01-24_0830.png
Charts posted are not recommendations. They are just a sharing of information.
Heck
Posts: 2535
Joined: Thu Nov 15, 2012 4:56 pm
Location: Lake Tahoe, Nevada

Re: 01/24/2020 Live Update

Post by Heck »

DIA + 4.35 times since Mar 2009 low

Do we feel lucky at 293.61 ?

Once at a Baccarat table Nine 9:1 ties in a row came up

Did anyone play them ?

https://tinyurl.com/qaqgytl

Pentagon said on Friday that 34 service members had been diagnosed with traumatic brain injury following missile strikes by Iran on a base in Iraq earlier this month.
Last edited by Heck on Fri Jan 24, 2020 1:32 pm, edited 2 times in total.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 01/24/2020 Live Update

Post by JFR »

ES 5. Testing down beneath the pivot S1. Later ...

2020-01-24_0845.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/24/2020 Live Update

Post by Al_Dente »

Soybean futures down
Reuters notes that uncertainty is increasing among traders whether Chinese demand can fulfill trade deal commitments.
There's also new concern that a massive soybean harvest in Brazil could entice China to source more beans from the South American country than the U.S. -- due in part because prices of beans are cheaper in Brazil.
TRADE WARS chart update, daily, hmmm
[caveat with all percentage charts: as you know, if you change the timeframe you get a different picture]
124trade war.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
alphahorn
Posts: 243
Joined: Fri May 27, 2011 9:36 am
Location: New Mexico
Contact:

Re: 01/24/2020 Live Update

Post by alphahorn »

moved my stop to 3296 below and down to 3314 above in the event i'm wrong on this last contract. either way a nice day for trading

now 3310 and 3296,
Subscription website www.alphahorn.com trading ETFs since 2011. Portfolio has grown from $100,000 to over $700,000 as of 11/19
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/24/2020 Live Update

Post by Al_Dente »

banks, 15min
124banks.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: 01/24/2020 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
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 01/24/2020 Live Update

Post by JFR »

ES daily. Moving closer to the EMA 20. ES 5 down from the pivot to a lower level of support.

2020-01-24_0917.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/24/2020 Live Update

Post by Al_Dente »

VIX is up 20% :shock:
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
alphahorn
Posts: 243
Joined: Fri May 27, 2011 9:36 am
Location: New Mexico
Contact:

Re: 01/24/2020 Live Update

Post by alphahorn »

Target met, I'm done for the day. we need more days like this one!
Subscription website www.alphahorn.com trading ETFs since 2011. Portfolio has grown from $100,000 to over $700,000 as of 11/19
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 01/24/2020 Live Update

Post by Trades with cats »

alphahorn wrote:today is a day for the bears, they've been waiting. taking some off here, but leaving one on to see if my 3295 (updated) target is met
Congrats on that call. We all knew this was possible but being bearish has been such a disappointment recently.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 01/24/2020 Live Update

Post by JFR »

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: 01/24/2020 Live Update

Post by Trades with cats »

Twitter says four large sell programs at 12:18 Eastern cleared out the sellers.
Sorry, term used was "washed out remaining sellers".
User avatar
alphahorn
Posts: 243
Joined: Fri May 27, 2011 9:36 am
Location: New Mexico
Contact:

Re: 01/24/2020 Live Update

Post by alphahorn »

Trades with cats wrote:
alphahorn wrote:today is a day for the bears, they've been waiting. taking some off here, but leaving one on to see if my 3295 (updated) target is met
Congrats on that call. We all knew this was possible but being bearish has been such a disappointment recently.
Yeah my system made it pretty easy trading today. I was in and out some early as the red/green line went from red to green. But note the line above it stayed red all the way down, so I let one ride. The volume standard deviation bar sat at 3295ish all day, figured it would be a magnet
Attachments
124.PNG
Subscription website www.alphahorn.com trading ETFs since 2011. Portfolio has grown from $100,000 to over $700,000 as of 11/19
User avatar
alphahorn
Posts: 243
Joined: Fri May 27, 2011 9:36 am
Location: New Mexico
Contact:

Re: 01/24/2020 Live Update

Post by alphahorn »

My 30 minute System chart, where I got my target
Attachments
124b (1).PNG
Subscription website www.alphahorn.com trading ETFs since 2011. Portfolio has grown from $100,000 to over $700,000 as of 11/19
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 01/24/2020 Live Update

Post by Cobra »

Typical break down then sharp reversal up. Maybe target ema20. Still I treat it as a range day.
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.
Post Reply