Back to www.cobrasmarketview.com

   

05/23/2018 Live Update

Re: 05/23/2018 Live Update

Postby te_fern » Wed May 23, 2018 2:02 pm

Did someone once say the first move is a head fake??
te_fern
 
Posts: 3442
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/23/2018 Live Update

Postby te_fern » Wed May 23, 2018 2:05 pm

Well, that was fun. We're back in the triangle....
Attachments
SPX.PNG
te_fern
 
Posts: 3442
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/23/2018 Live Update

Postby Al_Dente » Wed May 23, 2018 2:05 pm

* 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.
User avatar
Al_Dente
 
Posts: 26056
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/23/2018 Live Update

Postby te_fern » Wed May 23, 2018 2:08 pm

Now we're talking....
Attachments
SPX.PNG
te_fern
 
Posts: 3442
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/23/2018 Live Update

Postby fehro » Wed May 23, 2018 2:11 pm

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
fehro
 
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/23/2018 Live Update

Postby Daniel » Wed May 23, 2018 2:12 pm

Gap fill, spy
Daniel
 
Posts: 3420
Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/23/2018 Live Update

Postby Al_Dente » Wed May 23, 2018 2:15 pm

NYAD is only minus -94 red
Weak but it happens to be the HOD
User avatar
Al_Dente
 
Posts: 26056
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/23/2018 Live Update

Postby Daniel » Wed May 23, 2018 2:16 pm

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: 3420
Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/23/2018 Live Update

Postby Daniel » Wed May 23, 2018 2:20 pm

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.
Daniel
 
Posts: 3420
Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/23/2018 Live Update

Postby Cobra » Wed May 23, 2018 2:24 pm

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.
User avatar
Cobra
Site Admin
 
Posts: 50289
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/23/2018 Live Update

Postby te_fern » Wed May 23, 2018 2:40 pm

TICKs have been whipsawing around today....
Attachments
Tick.PNG
te_fern
 
Posts: 3442
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/23/2018 Live Update

Postby fehro » Wed May 23, 2018 2:41 pm

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
fehro
 
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/23/2018 Live Update

Postby Daniel » Wed May 23, 2018 2:42 pm

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
Daniel
 
Posts: 3420
Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/23/2018 Live Update

Postby Cobra » Wed May 23, 2018 3:00 pm

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.
User avatar
Cobra
Site Admin
 
Posts: 50289
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/23/2018 Live Update

Postby Daniel » Wed May 23, 2018 3:01 pm

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.
Daniel
 
Posts: 3420
Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/23/2018 Live Update

Postby Al_Dente » Wed May 23, 2018 3:02 pm

User avatar
Al_Dente
 
Posts: 26056
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/23/2018 Live Update

Postby Cobra » Wed May 23, 2018 3:03 pm

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: 50289
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/23/2018 Live Update

Postby Cobra » Wed May 23, 2018 3:06 pm

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.
User avatar
Cobra
Site Admin
 
Posts: 50289
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/23/2018 Live Update

Postby fehro » Wed May 23, 2018 3:09 pm

SPX tags triangle target next area of resistance..

reload nibble short
Attachments
Screen Shot 2018-05-23 at 12.08.01 PM.png
fehro
 
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/23/2018 Live Update

Postby Cobra » Wed May 23, 2018 3:13 pm

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.
User avatar
Cobra
Site Admin
 
Posts: 50289
Joined: Sat Feb 12, 2011 10:29 pm

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: Google [Bot] and 8 guests