Cobra's Market View

Just in case anyone missed daytradingES post this morning under last nights Cobra’sMarket Recsp thread:


Re: 05/02/2019 Market Recap
Postby daytradingES » Fri May 03, 2019 5:59 am
(Going back to bed... not feeling 100%)
Dir 1
Range est 25.25-28.50
H/L est 2940.50 2912.50 28.00

Al_Dente wrote:

dc star wars.png.png

Perfecto!

Al_Dente wrote:Paging Evelyn Wood:
Isn't the redacted Meuller report supposed to be released today?

Thursday

This morning’s PBar picture. SPY
Time is Pacific Coast

SPY 30 second chart from this morning with PBar from around 5AM Pacific / 8am ET
The 30 second chart really shows that they have some meaning:

...................history shows us with stock markets everything is fine until it isn't. Look at the Bond Market and it's track record. Then ask yourself why the FOMC is in full panic and now the White House has also joined in. Maybe Tom will have the last laugh but I think he is spitting into the...

This morning and last Friday afternoon SPY PBars. Times are US mountain
fwiw -

Oh my - really good article on BA 737-MAX issues:
https://www.vox.com/platform/amp/busine ... -explained

I am at a loss for words. Just wow.

“Here's every year in $SPX history where Jan, Feb, and Mar were all positive and the return for Q1 (overall) was at least +12.0%; with how the index did the rest of the year and for the entire year.” [Odd Stats] https://pbs.twimg.com/media/D21OejQWwAAQVPM.png Pasta Boss - it would be interesting to...

Interesting Historical tidbit - This day in 1907 https://www.benzinga.com/general/education/19/03/11358937/this-day-in-market-history-the-panic-of-1907 "Where The Market Was The Dow dropped 6.89 points to close at 76.23. The S&P 500 was trading at around 9. Today, the Dow is trading at 25,7...

After the bell SPY PBar at 275.68

Trades with cats wrote:Waiting for a Tweet on China negotiations.

You are waiting for all the "Tweet" in China to save this?

The younger ones here may not even get that play on a phrase. Sorry, warped humor,

Caution:
Yesterday morning SPY PBar @ 279.50./ QQQ 173.16
This morning SPY PBar @ 277.50. / QQQ 171.62

Al_Dente wrote:Bank of America slashes Q4 GDP to 1.5% from 2.8% and Q1 2019 GDP to 1.5% from 2.0%.

So, based on market reaction - this was a “nothing-burder” ???

Pasta Boss - And China trade still doing okay. Does not seem US has the leverage it thinks it has = push out Mar 1 date to May1. Stalemated talks for a while longer...... meanwhile, lots of US people taking $15/hr jobs just to get by and make unemployment numbers look good, keeping labor costs down ...

Al_Dente wrote:"Best January in 30 years"
[cnbc]

After worst December in ??? (ever??)

Yesterday about PG&E, Calif utility company threatening bankruptcy, symbol PCG

Interesting options bet, lol! “Hello, this is the SEC, we would like to talk to .....”
https://www.google.com/amp/s/mobile.reu ... SKCN1PI34V

Al_Dente wrote:breaking:
u.s. cancels trade meeting with china
asks china to sweeten deal

Love this
Last week US and China are back from the bathroom break and smile at each other - Dow pops 250 pts in a flash.
Today Meeting cancelled - yawn.

Lol!

FT 71 full selling scenario for today was a slight up move at the open then a sell down, consolidation then then a sell off to 2635.25, consolidation, failed move up and a drop to the low of 2626. His point is those are the obvious levels to watch if the market is in a sell mood. One of his scenari...

Long term looking back to Jan 3 and 4
SPY PBar at 245.29 Jan 4 morning.
Open gap 244.39 day before the PBar