05/02/2018 Live Update

[Cobra]

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double top or not, wait and see.

[fehro]

/ES stalls again at weekly pivot.. mind green channel.. lower dotted cyan line.. VERY key

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/05 ... ay-update/

[fehro]

hmmm… careful on the indexes … ugly.. TRANsports

[Daniel]

First 5min bars showing moderate weakness across the board.

[fehro]

SPX fwiw.. messy chart.. VIX goes green, /ES nears oLOD test

[Al_Dente]

"Fed Days have a long history of having a bullish tendency"
http://quantifiableedges.com/a-look-at- ... o-present/

[te_fern]

TICKs are rolling over. Need to have some consolidation this morning to bring the TICKs back in line with their MA lines. Got a little bulled up yesterday afternoon....

[fehro]

DXY explosive up.. nears resistance and 50w 92.71 mind /GC /CL gold looses 200d/50w 1304/1295 .. look to 1265 in a big hurry

[Daniel]

VXN lod, Naz advancers hod, Qs may break out.

[fehro]

DXY explosive up.. nears resistance and 50w 92.71 mind /GC /CL gold looses 200d/50w 1304/1295 .. look to 1265 in a big hurry

DXY over 92.65/92.71 50w SMA look to 93.35 in a very fast move up.. careful on gold.. "could" waterfall down

[Cobra]

members only update at 10:07 am $SPY $SPX $ES_F
http://www.cobrasmarketview.com/2018/05 ... ay-update/

[Daniel]

IWM hod

[Trades with cats]

I have two pre market preps from people who use the Chicago Board of Trade market action style analyzing the volume profile. They are both saying things are not normal. It is clear as a bell that there is no consensus on what a fair price should be.

To honor the memory of "Larry Livingston" (Jesse Livermore) "the market makes the news" Zerohedge claimed that Facebook saying it had a dating app was the cause of yesterdays big mid day up move.

Finally, I find it interesting that the flyover country upstarts from the southeast allow their head forecasters to recommend selling the market even if, as Al Dante has pointed out he was way early at first (BAC Merrill) while the white shoe crowd owned by Uncle Warren are setting the standard for customer abuse (Wells).

[fehro]

IWM hod

yup RUT >20d/50d INDU TRANS red nLOD.. still mixed pic

[Daniel]

still mixed pic

Sectors are all over the map today. The SPX is weighed down by the Staples and Financial components. Tech is strong, riding the back of AAPL earnings-- but held back by weakness in the semis.

GLD is flat, but SLV and GDXJ are both up 1%, and palladium is sizzling, up >2%.

[Trades with cats]

Small caps 5 minute bars with internal tick info and a volume profile summary

[Al_Dente]

only 5 of the dow 30 stocks are up
obviously AAPL is best today, but it only represents +48 points in the dow, so the laggards are draging
[in other words: ex-aapl, the dow would be down -137 points at the moment]

[Wallstreetrader]

FEd = sideways ?

[Trades with cats]

I have lived in communities that were gripped by Ponzi schemes twice in my life, only the perpetrators called them multi-level marketing. At what point does Apple and the other buyback kings turn into a full on Ponzi. But then I am not a 28 year old hedge fund manager with an ivy league history degree so I guess I will never "get it".