10/29/2018 Live Update

[Cobra]

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no idea up or down from here. could be a trend day today.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/10 ... ay-update/

[BullBear52x]

Bullish multi time frames reversal?
1 min. reversal checked
need to see HH on 5 min. today

looks like we will get 5 min. HH if gap and go we could have a nice bullish Island reversal also. will see.

[BullBear52x]

Bulls need to clear this today.
Intraday is a buy with a very tight stop atm.

[Daniel]

eem, Lat.Am lod

SPY at daily VWAP.

[BullBear52x]

Gap and Go

Ding ding ding

[Daniel]

QQQ hod!

[Cobra]

members only update at 10:06 am
http://www.cobrasmarketview.com/2018/10 ... ay-update/

[Trades with cats]

Waiting for the PRC to announce a second tax cut so this up move can continue.

So looking at the much repeated chart of when buyback cash becomes available I was thinking rally into year end. Then I saw Nomura's article at Zerohedge (Halloween surprise) and said oh no as the Fed is going to offset the buybacks. The issue is the Fed will suck 30 billion out but we really don't know when the buybacks will hit.

[Trades with cats]

John Kemp at Reuters showing a chart with the current short attack by hedge funds on oil along with the history of their last several short attacks. Not sure if this is a bet that Chinese economy falls, or Iran beats sanctions or that the US shale industry continues to defy the odds. But they are making the bet.

[BullBear52x]

I am favoring a blue right now.
ATM nothing set in stone.

[Al_Dente]

“… JPM … strategists have been encouraging the bank's clients to keep buying the dip, even as MS recently showed that in 2018 for the first time in 13 years the "BTFD" strategy has generated negative returns...
JPM thinks the markets are “overreacting”
GS’s David Kostin agrees with JPM: the "sell-off appears overdone relative to fundamentals" with the market pricing in "too sharp of a near-term growth slowdown. " GS "expects continued economic and earnings growth will support a rebound in the S&P 500… toward our year-end target of 2850.”
But “Bank of America … showed that the market has reacted negatively to earnings beats, the first time it has done that since the launch of Reg FD in August 2000.
Scroll down: “one critical catalyst may prompt a substantial return of optimism this week: the return of buybacks.”
as “buybacks have been the main driver of the equity rally in this cycle.”
https://www.zerohedge.com/news/2018-10- ... to+zero%29

[brokebybernacke2]

I am favoring a blue right now.
ATM nothing set in stone.

is it safe to go back in the water? key levels here.
https://youtu.be/N5y-0F5bX-U

[te_fern]

Watching this trendline, will the back test hold or fall back thru????

[te_fern]

Doesn't appear to be holding....

[Trades with cats]

What appears to be a buy program rips us up well into Thursday's range, stops then 30 minutes later the complete reversal.
Welcome to the new normal.

[Al_Dente]

Best in SPX today is RHT up 47+%
IBM down -2%
“Cloud mega-merger”

[te_fern]

See if it can find support around the open and R1 pivot. Sitting on my hands not sure which way to go!!

[BullBear52x]

buy dip, need to see HOD same playbook

[BullBear52x]

I am favoring a blue right now.
ATM nothing set in stone.

is it safe to go back in the water? key levels here.
https://youtu.be/N5y-0F5bX-U