Back to www.cobrasmarketview.com

05/23/2018 Live Update

te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/23/2018 Live Update

Post by te_fern »

Did someone once say the first move is a head fake??
This is not investment or trade advice.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/23/2018 Live Update

Post by te_fern »

Well, that was fun. We're back in the triangle....
Attachments
SPX.PNG
This is not investment or trade advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/23/2018 Live Update

Post by Al_Dente »

* NEXT RATE HIKE LIKELY APPROPRIATE SOON [june]
* MODEST INFLATION OVERSHOOT COULD BE HELPFUL [what?]
* SOME OFFICIALS SAW FORWARD-GUIDANCE REVISION APPROPRIATE SOON


now potus tries to steal the show, roundtable on the bad guys, live
Last edited by Al_Dente on Wed May 23, 2018 2:08 pm, edited 1 time in total.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/23/2018 Live Update

Post by te_fern »

Now we're talking....
Attachments
SPX.PNG
This is not investment or trade advice.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/23/2018 Live Update

Post by fehro »

fehro wrote:
fehro wrote:triangle.. SPX intra day
mind the algo move for the FOMC minutes.. both targets may get tagged and stops on both sides could get blown out

resistance here.. mind the return trip down :roll:
Attachments
Screen Shot 2018-05-23 at 11.09.49 AM.png
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/23/2018 Live Update

Post by Daniel »

Gap fill, spy
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/23/2018 Live Update

Post by Al_Dente »

NYAD is only minus -94 red
Weak but it happens to be the HOD
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/23/2018 Live Update

Post by Daniel »

Naz up/down volume significantly more bullish today than NYSE, which is still net bearish.

Financial sector continues to be a big drag on SPY, NYSE today.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/23/2018 Live Update

Post by Daniel »

Naz advancers are only moderate, and somewhat off the hod. As expected from the up/down volume, NYSE advancers are even weaker, altho still close to the hod.
User avatar
Cobra
Site Admin
Posts: 58335
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/23/2018 Live Update

Post by Cobra »

the pullback probably will be bought.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/23/2018 Live Update

Post by te_fern »

TICKs have been whipsawing around today....
Attachments
Tick.PNG
This is not investment or trade advice.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/23/2018 Live Update

Post by fehro »

fehro wrote:
fehro wrote:
fehro wrote:triangle.. SPX intra day
mind the algo move for the FOMC minutes.. both targets may get tagged and stops on both sides could get blown out

resistance here.. mind the return trip down :roll:
bears see a bear flag :roll:
Attachments
Screen Shot 2018-05-23 at 11.39.45 AM.png
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/23/2018 Live Update

Post by Daniel »

Al_Dente wrote:Cobra's chatter is a rare gift; it’s what I live for.
Absolutely. I especially love when he puts out the green smile-face and "reiterates".

Reiterate away Cobra da! Whenever you do, I whip out my pencil and take notes!

:P
User avatar
Cobra
Site Admin
Posts: 58335
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/23/2018 Live Update

Post by Cobra »

I have a dream. Fib some percent mm should be possible.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/23/2018 Live Update

Post by Daniel »

QQQ, SPY at fresh hod! BUT.. Naz and NYSE advancers are not.

..update: and now they've hit marginal new highs.
Last edited by Daniel on Wed May 23, 2018 3:12 pm, edited 1 time in total.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/23/2018 Live Update

Post by Al_Dente »

Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58335
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/23/2018 Live Update

Post by Cobra »

Daniel wrote:
Al_Dente wrote:Cobra's chatter is a rare gift; it’s what I live for.
Absolutely. I especially love when he puts out the green smile-face and "reiterates".

Reiterate away Cobra da! Whenever you do, I whip out my pencil and take notes!

:P
Thank you guys, really appreciate. :mrgreen:

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58335
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/23/2018 Live Update

Post by Cobra »

Fib 50% mm now. Fib 61.8% is possible.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/23/2018 Live Update

Post by fehro »

SPX tags triangle target next area of resistance..

reload nibble short
Attachments
Screen Shot 2018-05-23 at 12.08.01 PM.png
User avatar
Cobra
Site Admin
Posts: 58335
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/23/2018 Live Update

Post by Cobra »

the pullback probably will be bought again, it's just not as high odds as the previous "pullback will be bought", so timing is important.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Post Reply