08/01/2019 Live Update

[BullBear52x]

$VIX passing 16 and if it stays up, this is something else.

[BullBear52x]

From +30 to -30

a little volatile don't you think?

[ccash04]

BooM! That is a big win for bears, thought they would take it, but not as fast, done for week on that one!

[Cobra]

testing yesterday's low. may rebound first, just may, but don't think it'd hold after it comes down again.

[Cobra]

Breaking: additional 10% China tariffs Sept 1
per Bonespur's tweet

[Al_Dente]

Obviously, options traders are bear-spy
BUT SEE: they’ve been bear-spy since 7/29

[BullBear52x]

No end insight, watch for declining wedge.

[Al_Dente]

Two days, oy
To the left is Powell’s faux-pas yesterday
To the right is the tariff tweet from grab-‘em-by-the-pussy

[Cobra]

members only update at 2:35 pm
http://www.cobrasmarketview.com/2019/08 ... ay-update/

[BullBear52x]

I am done today, we got bottom I think. Peace!

[BullBear52x]

Chart for the road: short term trend change is starting. trade well, Peace!

[BullBear52x]

daily view of trend change.

[Al_Dente]

HAPPY HOUR

[Heck]

Undervalued Index PUTS
More than Three Times Calls
= DOWN

[Cobra]

members only update at 3:30 pm
http://www.cobrasmarketview.com/2019/08 ... ay-update/

[Trades with cats]

Hubris- Seth, the former Target Logistics Manager who is famous for making a million betting against volatility was making fun of Northman Trading on twitter this morning. Why ? Northy had predicted a volatility spike this week so this morning Seth (who has two small children so guessing somewhere in his 30's so probably never traded prior to Bernanke interventions) was doing his stupid bear ha ha dance you will never make money being long the VIX.

Markets humble us all sooner or later. I will never forget Louis Rukeyser opening his show one Friday night by saying there are two types of people who make predictions about the market, those who are wrong and those who are liars.

[Cobra]

here's how the recent non farm payroll day goes $SPY $SPX $ES_F
https://stockcharts.com/public/1684859/ ... /533449394

[Al_Dente]

[Nomura's Takada, earlier today]
“…it appears that the selling of US equities has been led by trend-following algos. CTAs, risk-parity funds, quants, and systematic funds remain the marginal price setters of the US stock market.
Average break-even for SPX is around 2960 … below which the selling will accelerate ...once the stops are taken out, Nomura then sees the SPX being taken down into the 2,850-2,900 range.

[Cobra]

members only update at 3:45 pm
http://www.cobrasmarketview.com/2019/08 ... ay-update/

[Cobra]

well, guess that's it for today. here's what Friday looks like recently. thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp