02/13/2020 Live Update

[Cobra]

So far it's just a range day.

[Heck]

SP.1 Mar Futures
BUYING Above 3,348.50

$SPX BUYING Above 3,360.52

[Trades with cats]

ES 3372 is clearly the magic number. Will third time be the charm. If they get there that 18 point spike has very little volume behind it.

[Heck]

SP.1 Mar Futures
BUYING Above 3,348.50

If you didn't look at the Globex charts from last night where did the drop conveniently stop? Why a major strike of course.Sometimes it looks like the options market is running the futures market.

All connected through the aether

[Trades with cats]

Let me add, and every body knows it.

[te_fern]

Would like a small pullback to see what happens. Missed the Semi's, who are running wild...

[Trades with cats]

Order book is lumpy defending the ES 3375 strike.

[Trades with cats]

Big traders know they have the banks in a corner on this one. Big question is what happens once that liquidity is drained, do they push on for the gap or take their profits and call it a day.
Almost 1600 sell orders now at 75

[Al_Dente]

Another ATH on XLU
yes, UTILITIES
[per stockcharts; your numbers may vary]

[Heck]

ATH Market Magnestism
$SPX 3,381.47

SPY Target + 20 %
From 335.56 to 403
+ 1.67 % Dividend Yield

VUG Target + 22 %
From 197.81 to 241.02
+ 0.87 % Dividend Yield

QQQ Target + 23 %
From 232.36 to 285.12
+ 0.68 % Dividend Yield

SOXX Target + 33 %
From 263.59 to 350.03
+ 1.16 % Dividend Yield

Too many bears and crashers

[te_fern]

Missed the initial move, got a small scalpe in, but feel like I'm picking up pennies in front of a stream roller...

[Heck]

FIS Target + 47 %
From 147.48 to 216
+ 0.9 % Dividend

[Heck]

Hello volatility, my old friend
I've come to talk with you again
Because a vision softly creeping
Left its seeds while I was sleeping…

https://www.youtube.com/watch?v=NAEppFUWLfc

[te_fern]

Almost got new high....

[Cobra]

Members only update at 12:08 pm
http://www.cobrasmarketview.com/2020/02 ... ay-update/

[QED]

[per stockcharts; your numbers may vary]

I LOVE your disclaimer!
.

[brokebybernacke2]

cripes what a lockout rally. too nervous to buy, feels old.

[Al_Dente]

Options traders love SPX. They don’t move tick-for-tick with SPX but nearly so…
Here, see SPX also/only loves the FANG+ (pink)
But when it loses the support of the options traders (green dots), it doesn’t bode well for SPX
AD internals below 1-to-1 all day… hella weak all day ...
5min, changes quickly

[Al_Dente]

add:
please note that when SPX (purple) bottomed this morning near 10:00 am, the fang+ (pink) was printing a higher low

[JFR]

ES daily. A pause in the action. Well above the EMA 20.