04/08/2019 Live Update

[Cobra]

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no idea up or down from here, always assume up is more likely. possible range day.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2019/04 ... ay-update/

[BullBear52x]

Very bullish market, but without a pull back is not a healthy one. sell first and will see.

[JFR]

Overnight/weekend gap down on DIA IWM QQQ and SPY.

[JFR]

GLD TLT USO UUP

[BullBear52x]

82ish, see 5min. intraday is very oversold now. no reversal in 1min I can see yet.

[BullBear52x]

I am eying 78.5 from here if we got LL

[Cobra]

members only update at 10:07 am
http://www.cobrasmarketview.com/2019/04 ... ay-update/

[Cobra]

at the worst it's a range day. lower chances it's an uptrend day.

[BullBear52x]

We got LOD lower than Friday's LOD and Gap down, to have a bearish reversal we need gap and go (down direction) action today, that is trading lower and close under 38.2%

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2019/04 ... ay-update/

[1der]

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:

[BullBear52x]

I am anticipating a relief rally pull back this week so I will try to sell rips more aggressively than the usual.

[Al_Dente]

WHO’S BUYING?
GS shows buyers, but only to the end of 2018.
They have Q1, 2019 stats. Why not show us that too ??
https://pbs.twimg.com/media/D3kWHYcXsAAoXTl.jpg

[BullBear52x]

The bearish chart pattern starts to show up, the early birds are on deck and ready.

[BullBear52x]

Looks llike the $VIX is agreeing with me to atm.

[Al_Dente]

Posted Friday:
“makes me nervous to see Tech neg divergence
easily cured, but caution until it is cured”

TODAY:
Looks like that Tech neg divergence was prescient, but it means nothing until PRICE BREAKS
5min

[Trades with cats]

15 minute bars, regular hours only. That is relative volume based on the last 120 days. It is horrid.

Ties in nicely with Gandalf's comments on Bloomberg News today. He is saying that the lack of human fund managers (buying value) has forced funds to use volatility derivatives. His bottom line liquidity and volatility are inversely correlated because of all the stupid (no human control) ETF's and I also add momentum chasing strategies. Anyway, in this low volume environment going into what everyone claims is the worst earnings season in a couple of years with funds going massively short VIX and related products we could be setting up for an avalanche, just need the trigger.

[Trades with cats]

Third try. Not interested in going short until I see a real failure. Way to likely to pull back and make it through on the fourth try.

[Al_Dente]

Lowering the earnings estimates across-the-board makes it easier to “beat”
If u can’t even beat the dismal lower bar, then you are in trouble
No urgency until Friday with JPM eps