05/17/2019 Live Update

[Cobra]

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no idea whether the pullback would be bought or not. my guess is, there might be a rebound but might only make a lower high so the overall rebound for the past 3 days was over?

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2019/05 ... ay-update/

[1der]

This morning- SPY PBars
286.95 and 287.70 (do not normally see PBars at 5:30 PT)
Yesterday still out there at 284.48

[Al_Dente]

Chart update:
Proxy for Trade Wars
with SPY in purple for comparison

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2019/05 ... ay-update/

[Cobra]

it's morning hourly hollow red

[Al_Dente]

$NYDEC:$NYADV = 3.6x
$NYDNV:$NYUPV = 4.8x
Both were about 5.5x at the open

[Al_Dente]

OPEX

[Trades with cats]

Cheep Thrills-
MES futures contract is doing well. Somebody at Big Mikes, now Futures.io said that they booked 20 trades yesterday and Interactive's bill was less than $20. Somewhere around 96 cents a round trip. Compared to the ES it is small potatoes but hey at $5.00 a point you can trade like crazy and play all the stuff you want for the price of dinner and a movie (if you are wrong).

It looks to me like a 200 tick chart is close to a 2000 tick ES, so I am guessing they have all ready made the goal of 10% of the ES volume.

If you prefer the other 3 indexes they (Micro Futures) are also available for DOW, Russel 2000 and the NAS

[BullBear52x]

Rnage day with a bear bias. sell

[Trades with cats]

15 minute regular hours. Composite is from May 1st.
Volume profiles not showing any consensus on fair price for the market. Helps to explain why my regression analysis trend lines look so bad.

[Cobra]

EMA20 didn't stop bulls so probably bears are over for today again.

[BullBear52x]

Not a good start for me today, Oy...

[BullBear52x]

I am seller until the yesterday's high is taken out, I will find excuse to sell at any peak level today. will see.

[Cobra]

this bull shall have legs.

[Al_Dente]

$NYDEC:$NYADV = 3.6x
$NYDNV:$NYUPV = 4.8x
Both were about 5.5x at the open

Bears gave it all away
$NYDEC:$NYADV = 1.1x
$NYDNV:$NYUPV = 1.1x

[Daniel]

Bloomberg: US to lift steel, aluminum tariffs on Canada, Mexico.

Rumor? Announcement?

[JFR]

DIA, IWM, QQQ and SPY.

Back later ...

[Trades with cats]

Other Time Frame Traders with a different set of values are active today for options expiration.

Charlie Boy explains it all recapped at Zero Hedge with charts showing why the Gamma hedgers moved us back up today. Of note his trigger levels for major indexes, bonds and commodities for all those CTA models.

I think of them as a vast heard of buffaloes that normally are just grazing on the horizon. But every once and a while the heard moves and tramples everything in their path. Especially when they stamped.

[Daniel]

IWM below daily VWAP now. All other majors--including MDY--are well above it.