09/02/2020 Live Update

[Heck]

VIX Backwardization = VIX UP, SPY DOWN

[Al_Dente]

Q: why are we still buying puts?
A: protection

[Al_Dente]

TSLA is the first of the Big Techs to breach its 5dma and its 10dma

[Cobra]

$AAPL might be a Bearish Engulfing at 52-Week high today, BUT ...
viewtopic.php?f=2&t=4190&p=286695#p286695

[Al_Dente]

NYFANGs
15m

[Cobra]

III BULLS 61.5 % = SPY DOWN
$TYX Red = SPY DOWN
QQQ 33 % Above 200 DMA = SPY DOWN

https://tinyurl.com/y3x64myc

Used car prices surging
Not so good for new auto sales
BEARYA

https://tinyurl.com/y27z7rxj

I sent you a private message yesterday, please kindly check that, thanks. You can find your message prompt on top left of the screen. The screenshot below might be misleading as in your case, you at least have "1 new messages".

[Al_Dente]

Thanks Cobra

[Cobra]

Just as I said, don't chase the high. Now testing the day low, let's see whether it holds. RSP (the equal weighted brother) looks strong today which means the down now is due to a few heavy weighted stocks so my guess is it won't be a downtrend day, rather it's a range day.

[Cobra]

Members only update at 12:08 pm
http://www.cobrasmarketview.com/2020/09 ... ay-update/

[Al_Dente]

"Apple traded 2 million calls yesterday and they're at it again today." [Barcharts via Jesse Felder]
See the top two trades on Fidelity today at the moment .... stocks down, buying strong
https://eresearch.fidelity.com/eresearc ... ders.jhtml

[Cobra]

Q: why are we still buying puts?
A: protection

92puts.png.jpg

As long as people are buying puts, there wouldn't be big down. The big down usually starts after VIX suddenly collapses one day, meaning those buying puts give up...

[Cobra]

Testing day high, key time. So far bulls are in control.

[Al_Dente]

Q: why are we still buying puts?
A: protection

As long as people are buying puts, there wouldn't be big down. The big down usually starts after VIX suddenly collapses one day, meaning those buying puts give up...

Nonetheless, folks trading the VIX ETF that correspond to short-SPY and long-VIX (UVXY) are doing okay at the moment

[Cobra]

This bull shall have legs

[Al_Dente]

SPX HOD
QQQ not
FANG not

XLV new ATH
Because what? Steroids?
XLV buying rotation is not enough to keep SPX happy IMHO

[Al_Dente]

New lows have an uncanny way of calling medium-term sells.
When lows move above the black horizontal line, sell.
So boring; it has been long since late March, early April.

[Cobra]

The very first touch of EMA20 usually is buy, watch for EMA long setup here.

[brokebybernacke2]

SPX HOD
QQQ not
FANG not

XLV new ATH
Because what? Steroids?
XLV buying rotation is not enough to keep SPX happy IMHO

2 trillion on deck....

[Al_Dente]

SPX HOD
QQQ not
FANG not

XLV new ATH
Because what? Steroids?
XLV buying rotation is not enough to keep SPX happy IMHO

2 trillion on deck....

please explain boss

[te_fern]

Can it stay in the channel??