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 cobra@cobrasmarketview.com.

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

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.

SPY 15. Down from the previous close of 445.87.

No fear no bear, but we have fear. this is something.

It's a morning hourly hollow red

SPY 5. Bulls reaction to the gap down.

Bull Trap

Inside day, bullish bias now, this is manic Monday.

Come2papa, last sell of the day, boring Monday or this is the sell of this whole peak. will see.

UPDATE
URA
gapped up to test potential double top

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

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!

all short term sell got stop out. Oy..

SPY PnF. 5 minute.

Some commoditiy ETFs, one year performance

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]

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/

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

Double Top??