02/14/2019 Live Update

[Cobra]

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bad news? no idea up or down from here. doesn't look good to bulls though.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2019/02 ... ay-update/

[BullBear52x]

at the support right now, a break down will get us to 22ish

[BullBear52x]

selling that is for now

[BullBear52x]

Support level for intraday 31, 22, 07

[BullBear52x]

Cash SPX

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2019/02 ... ay-update/

[BullBear52x]

with this type of a reversal, look at RSI, not even hitting 70, My translation is weakness not strength if turn back down from here. what I am looking for selling rip at RSI 70 then will see from there who is the boss.

[BullBear52x]

selling at 43 here.

[Al_Dente]

• Headline Retail Sales -1.2% MoM (+0.1% MoM exp)
• Control Group Retail Sales -1.7% MoM (+0.4% MoM exp)
That is the biggest MoM drop in retail sales since 2009 for the headline and the biggest drop in the control group since the 9/11 attacks in 2001...
And December online internet sales (non-store retailers) tumbled 3.9% MoM - the biggest drop ever
Market drops

Kudlow says it’s just a “glitch”
Market rallys

[BullBear52x]

a little volatile at gap filled there

[BullBear52x]

Now there is pattern to go by now,

[1der]

Pasta Boss - And China trade still doing okay. Does not seem US has the leverage it thinks it has = push out Mar 1 date to May1. Stalemated talks for a while longer...... meanwhile, lots of US people taking $15/hr jobs just to get by and make unemployment numbers look good, keeping labor costs down (profits propped up) for companies- for now..........

[Cobra]

the best for bears is range day.

[BullBear52x]

Wishful thinking.

see the bulls buy candle at the 31ish, that is the buy stop that bears need to focus on to have a good day, if not we go sideways.

[Al_Dente]

Pasta Boss - And China trade still doing okay. Does not seem US has the leverage it thinks it has = push out Mar 1 date to May1. Stalemated talks for a while longer...... meanwhile, lots of US people taking $15/hr jobs just to get by and make unemployment numbers look good, keeping labor costs down (profits propped up) for companies- for now..........

[BullBear52x]

And here is the usual Fib, YOU Know the routine.

[JFR]

Overnight gap down on DIA, IWM, QQQ and SPY.

IWM and QQQ have filled that gap.

[BullBear52x]

Bear flag breakdown confirmed

[Al_Dente]

Rick Santelli math: retail sales up 8%
Non “seasonally adjusted”