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10/18/2021 Live Update

10/18/2021 Live Update

Postby Cobra » Mon Oct 18, 2021 8:59 am

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The pullback for now looks like a bull flag so probably will be bought.

Gap down below the Friday's low so could be a trend day, either up or down.
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Re: 10/18/2021 Live Update

Postby JFR » Mon Oct 18, 2021 9:10 am

SPY 15. Down from the previous close of 445.87.


Screenshot_20211018_061106.jpg
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Re: 10/18/2021 Live Update

Postby BullBear52x » Mon Oct 18, 2021 9:31 am

:twisted:
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Re: 10/18/2021 Live Update

Postby BullBear52x » Mon Oct 18, 2021 9:58 am

No fear no bear, but we have fear. this is something.
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Re: 10/18/2021 Live Update

Postby Cobra » Mon Oct 18, 2021 10:01 am


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Re: 10/18/2021 Live Update

Postby Cobra » Mon Oct 18, 2021 10:03 am

It's a morning hourly hollow red
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Re: 10/18/2021 Live Update

Postby JFR » Mon Oct 18, 2021 10:03 am

SPY 5. Bulls reaction to the gap down.


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Re: 10/18/2021 Live Update

Postby BullBear52x » Mon Oct 18, 2021 10:10 am

Bull Trap
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Re: 10/18/2021 Live Update

Postby BullBear52x » Mon Oct 18, 2021 10:42 am

Inside day, bullish bias now, this is manic Monday.
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Re: 10/18/2021 Live Update

Postby BullBear52x » Mon Oct 18, 2021 11:11 am

Come2papa, last sell of the day, boring Monday or this is the sell of this whole peak. will see.
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Re: 10/18/2021 Live Update

Postby Al_Dente » Mon Oct 18, 2021 11:13 am

UPDATE
URA
gapped up to test potential double top

1018ura.png.jpg
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Re: 10/18/2021 Live Update

Postby Cobra » Mon Oct 18, 2021 11:13 am

Decisive breakout so it's an uptrend day, at least this bull shall have legs.
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Re: 10/18/2021 Live Update

Postby mayflower999 » Mon Oct 18, 2021 11:21 am

Cobra wrote:Decisive breakout so it's an uptrend day, at least this bull shall have legs.


When you say "this bull shall have legs", does it mean it should have another leg UP? Just incase I misunderstood. Thank you!
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Re: 10/18/2021 Live Update

Postby BullBear52x » Mon Oct 18, 2021 11:24 am

all short term sell got stop out. Oy..
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Re: 10/18/2021 Live Update

Postby JFR » Mon Oct 18, 2021 11:24 am

SPY PnF. 5 minute.


2021-10-18_08-22-44.png
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Re: 10/18/2021 Live Update

Postby Al_Dente » Mon Oct 18, 2021 11:29 am

Some commoditiy ETFs, one year performance

1018com ytd.png.jpg
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Re: 10/18/2021 Live Update

Postby Al_Dente » Mon Oct 18, 2021 11:41 am

BUYBACKS:
10/17 [all info from GS] 
"Corporate buyback dry powder is the largest incremental buyer in the market…. Also retailers
"Bond inflows have now slowed to zero and credit logged their first outflows. $ looking for a home?
"November is the #1 month for buyback executions, November plus December is the best two month period of the year for executions.

"In Q4, the GS buyback desk estimates +$230B repurchases, this is broken down by +$70B in October during the blackout window … and +$160B in November and December.
"11/1 is the defacto start to the buyback window (65% of corporates are in the open window)
"11/8 is the GS official start to the buyback window (90% of corporates are in the open window).
"The $160B of repurchases in the last two months of the year is ~$3.80B per day, every day. This is significantly front loaded into November (and should pace above >$4B).

[Pasta here: I think Goldman has the largest buyback desk on the street but I'm not positive]
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Re: 10/18/2021 Live Update

Postby Cobra » Mon Oct 18, 2021 11:51 am

mayflower999 wrote:
Cobra wrote:Decisive breakout so it's an uptrend day, at least this bull shall have legs.


When you say "this bull shall have legs", does it mean it should have another leg UP? Just incase I misunderstood. Thank you!


Yes.

Detailed explanations are here: http://www.cobrasmarketview.com/what-is ... have-legs/

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Re: 10/18/2021 Live Update

Postby Al_Dente » Mon Oct 18, 2021 11:52 am

They leaked Powell’s trades to torpedo his chances of getting re-appointed.
He may need to “retire” to “spend more time with his family”
https://www.zerohedge.com/markets/powel ... to+zero%29
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Re: 10/18/2021 Live Update

Postby te_fern » Mon Oct 18, 2021 12:03 pm

Double Top??
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