Back to www.cobrasmarketview.com

05/17/2019 Live Update

Daniel
Posts: 3489
Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/17/2019 Live Update

Post by Daniel »

Trades with cats wrote:Especially when they stamped. :o
Um, "stampede"..? . :) .
User avatar
BullBear52x
Posts: 30022
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/17/2019 Live Update

Post by BullBear52x »

:mrgreen: :geek:
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/17/2019 Live Update

Post by Al_Dente »

After a brief foray into the green, we go red again, to test those higher lows
(ignore vertical lines, they are keyed to smalls which are not visible here)
5m
517five.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 60077
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/17/2019 Live Update

Post by Cobra »


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: 60077
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/17/2019 Live Update

Post by Cobra »

the pullback is too sharp so forget about this bull shall have legs, even though rebound still is possible, it just has no trading edges anymore.
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: 60077
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/17/2019 Live Update

Post by Cobra »

Out see dentist for 2.5 hours, during witch time will have no update. so far it's a range day anyway.

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
BullBear52x
Posts: 30022
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/17/2019 Live Update

Post by BullBear52x »

My sell the rip today, first one failed second one made a kill just like I was hoping for. I am still eyeing LOD to be tested. will see.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/17/2019 Live Update

Post by Al_Dente »

LESSONS FROM JEOPARDY:
What if the conventional wisdom is wrong?
“There’s a better way to approach this.”
Most people are afraid to challenge “conventional wisdom.” If something’s been done the same way for decades by everyone, no one thinks that it can be done differently.
James Holzhauer’s CONTRARIAN APPROACH is to start at the bottom of the board and go sideways, unlike 99.9 percent of the game’s previous contestants. He then “leverages” his winnings with “strategically aggressive” wagers that are far larger than any contestant before him.
His contrarian approach has resulted in performance once thought impossible.
And it sure helps that has been answering 96.7 percent of the clues correctly.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Daniel
Posts: 3489
Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/17/2019 Live Update

Post by Daniel »

From RevShark:
...recent meaningless movements, just traders misleading other traders, as they respond to rumors and rhetoric.

**************************************

..Hence, right here on SPY would be a logical place for bulls to make a stand, and form an unexpected higher low. Watch for a sudden large RAW NYSE or NAZ positive tick reading--to kickstart a rally on low volume, around lunch hour. Especially today.

Opex Friday has certain dynamics which have nothing to do with normal price movements and fluctuations, and things can happen suddenly... especially post noon, when most/all the SPX options have fully settled. Bottom line is watch for sudden algo-driven buy-basket price moves. No doubt one kicked off earlier this AM, out of the blue, causing Cobra-da to spot a classic bull w legs pattern only to have it peter out.

Choppy waters, imo, and best left to adroit surfers like BB52.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/17/2019 Live Update

Post by Al_Dente »

Fraud in FOREX caught and fined $1.2 billion
That’s what they do to crooks in Europe
https://www.cnn.com/2019/05/16/business ... index.html
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/17/2019 Live Update

Post by Al_Dente »

This is where I draw the line.
They start faulking around with my chocolates.
Seriously, emojis !
Real question: How many ounces will be left in that skinny little pos?
https://www.weau.com/content/news/Hersh ... 26591.html
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Daniel
Posts: 3489
Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/17/2019 Live Update

Post by Daniel »

SPY unch on the day. But NYSE decliners outnumber advancers 2:1.
User avatar
JFR
Posts: 10586
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/17/2019 Live Update

Post by JFR »

Big picture. Strong pullback, beneath the EMA20 and 50. Bounce up to but stalled at the EMA20. Some resistance there. Loads of money to be allocated, much of it to the resilient, ever-optimistic stock market. Beware the seemingly inevitable crash, to perhaps the December lows, when it comes. Be nimble. Just IMO. More of an optimist. Not a pessimist. More of a realist.

2019-05-17_1020.png
Charts posted are not recommendations. They are just a sharing of information.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/17/2019 Live Update

Post by Trades with cats »

Breakout from the trading range has been successfully stopped. There is no escape!
User avatar
JFR
Posts: 10586
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/17/2019 Live Update

Post by JFR »

SPY. 5 minute. Gap down. Filled. Range-bound.

Have a good weekend, Everyone.

2019-05-17_1053.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
BullBear52x
Posts: 30022
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/17/2019 Live Update

Post by BullBear52x »

Fibbo support for now, the lower wedge will give another layer of support but I am not buying it, boring Friday.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/17/2019 Live Update

Post by Al_Dente »

Looks pretty benign here but down volume is 2x up volume atm
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
BullBear52x
Posts: 30022
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/17/2019 Live Update

Post by BullBear52x »

Wishful thinking, only one direction today :lol: :evil:
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/17/2019 Live Update

Post by Al_Dente »

WEEK AT A GLANCE (early)
Who wants to hold over the weekend?
517week glance.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
1der
Posts: 656
Joined: Thu Mar 24, 2011 4:03 pm

Re: 05/17/2019 Live Update

Post by 1der »

Al_Dente wrote:This is where I draw the line.
They start faulking around with my chocolates.
Seriously, emojis !
Real question: How many ounces will be left in that skinny little pos?
https://www.weau.com/content/news/Hersh ... 26591.html
Nothing is sacred anymore, NOTHING!
Disrupt (chaos) everything :cry: :(
Post Reply