Cobra's Market View

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.

=============================================================================================================================================================================

the pullback will be bought.

members only update starts here: http://www.cobrasmarketview.com/2018/01 ... ay-update/

New for 2018!
CAPPED COMMISSIONS
Tastyworks now capping the maximum commission you'll pay on opening equity option trades to $10 per leg
https://tastyworks.com/pricing.html

Overnight trading showed a new all time high early on with the Hong Kong set. Europe sold off the US markets while buying others, forming a gap down.
Moad (Futures Trader 71) said he searched his weekly volume profile history and the last similar week was the first week in December 2016.

QED wrote:

qed, in this market, there may be a 6,7,8, and 9

maybe...

SPY
“THREE GAP UPS” candle pattern, as of Friday’s close
Stay long but note stop

GDX
Shark pattern, as of Friday’s close
(shark on nugt and jnug too, but not on gld nor $gold)
http://thepatternsite.com/Shark32.html

Renko view shows 2374 as a potential downside target. Of course the overnight high 2347.75 is a potential upside target not showing on this chart.

Trades with cats wrote:...
Renko view shows 2374 as a potential downside target. Of course the overnight high 2347.75 is a potential upside target not showing on this chart.

Typos?

Adv/Dec -333 Put/Call 0.47 yet near nATH

https://www.tradingview.com/x/aUQemDgw/

Naw just transposition not paying attention on a boring day. 2734 Clearly what I meant. Better take my locker combo on a card when I go to the gym this afternoon!

Which will break first, the high or the low of the day????

te_fern wrote:Which will break first, the high or the low of the day????

That was easy...of course HIGH!

Junior Buffett wrote:

te_fern wrote:Which will break first, the high or the low of the day????

That was easy...of course HIGH!

Only direction allowed!!

.
Tom Sosnoff Says...

Monday December 8th, 2018

On Saturday morning while running errands, I stopped in a neighborhood Starbucks to buy a hot tea. There were three kids in front of me. The oldest was about 10 and the other two looked around 6 or 7. The 10 year old ordered a venti chai latte with soy milk and extra foam. "Please make sure it’s soy," she said, "I can’t have dairy." The two little ones ordered kid-sized pumpkin spiced lattes with extra foam, one with almond milk. With a piece of coffee cake the bill was $21.43. The oldest kid who was super polite swiped her phone to pay and then leaned over to her younger siblings and said, “This cost us half of our winnings. Next week we need to buy more Litecoin.” When I was the same age, we were drinking water from a backyard hose and trading baseball cards. So I guess the big question is, in 5 years which will be worth more, one Bitcoin or my Thurman Munson rookie card?
.

my guess. should be at least test the day high first.