Back to www.cobrasmarketview.com

   

04/03/2017 Live Update

04/03/2017 Live Update

Postby Cobra » Mon Apr 03, 2017 9:21 am

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

    Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.
    Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.
    Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.
    I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.
========================================================================================================================================================================

my bias is down but it could be a consolidation between blue lines, let's see.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 37822
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/03/2017 Live Update

Postby Cobra » Mon Apr 03, 2017 9:25 am


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 37822
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/03/2017 Live Update

Postby Cobra » Mon Apr 03, 2017 10:07 am


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 37822
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/03/2017 Live Update

Postby Al_Dente » Mon Apr 03, 2017 10:16 am

NY declining stocks = 1.6 x advancing stocks
NY declining volume = 2.3 x advancing volume
User avatar
Al_Dente
 
Posts: 18495
Joined: Thu Jul 21, 2011 2:29 pm

Re: 04/03/2017 Live Update

Postby Cobra » Mon Apr 03, 2017 10:17 am

pullback may have legs.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 37822
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/03/2017 Live Update

Postby Trades with cats » Mon Apr 03, 2017 10:22 am

ES 06-17 (5 Min)  4_3_2017A.jpg


Bounced ona standard floor pivot or was it just another case of put enough lines on a chart something is bound to work (fooled by randomness). Regardless the average range calculation is showing declining volatility so those 10 point swings continue to be just a fond memory. Well not totally true, I was scared to death during the big swings when subprime exploded.
Trades with cats
 
Posts: 3678
Joined: Sat Oct 11, 2014 4:40 pm

Re: 04/03/2017 Live Update

Postby Trades with cats » Mon Apr 03, 2017 10:52 am

ES back down to two standard deviations below VWAP. Whoops, make that three. I smell bear.
Trades with cats
 
Posts: 3678
Joined: Sat Oct 11, 2014 4:40 pm

Re: 04/03/2017 Live Update

Postby Trades with cats » Mon Apr 03, 2017 11:22 am

It's the power 1/2 hour (European close coming up) and the ES is at the regular hours Average Daily Range low ( a bit below the same for Globex) so either the low for the day is in, which would fit a common pattern we have seen a lot of lately or we are about to get into serious bear move.

Pure guess is we chop around for a while then somebody starts putting some money to work, at least that's what it says on my t-shirt ;)
Trades with cats
 
Posts: 3678
Joined: Sat Oct 11, 2014 4:40 pm

Postby MrMiyagi » Mon Apr 03, 2017 11:24 am

TICK slightly improving here, a couple of 150, 240 prints. Long way to go from panic drop while Yellen is in the bathroom.
User avatar
MrMiyagi
 
Posts: 9909
Joined: Sun Oct 16, 2011 12:48 pm

Re: 04/03/2017 Live Update

Postby Cobra » Mon Apr 03, 2017 11:38 am

this bear may still have legs
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 37822
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/03/2017 Live Update

Postby Al_Dente » Mon Apr 03, 2017 11:39 am

SMALLS
The “Big W” failed to reach target this morning and bulls scrambled to get out
Now back testing the breakout zone (purple line)
15 min
43fifteen.png.png
User avatar
Al_Dente
 
Posts: 18495
Joined: Thu Jul 21, 2011 2:29 pm

Re: 04/03/2017 Live Update

Postby BullBear52x » Mon Apr 03, 2017 11:43 am

The lady is down here.
Attachments
1.PNG
Trend following with me here http://bullbear52x.blogspot.com/
User avatar
BullBear52x
 
Posts: 18135
Joined: Tue Feb 22, 2011 3:47 pm

Postby MrMiyagi » Mon Apr 03, 2017 11:43 am

Cobra wrote:this bear may still have legs


May have legs but what about the kidneys!!
User avatar
MrMiyagi
 
Posts: 9909
Joined: Sun Oct 16, 2011 12:48 pm

Re: 04/03/2017 Live Update

Postby fehro » Mon Apr 03, 2017 11:50 am

RUT ugly.. lost both 20d/50d today.. just under 50d SMA, INDU nears 50d SMA.. Transports <20d again <50d
fehro
 
Posts: 20977
Joined: Fri Sep 02, 2011 2:06 pm

Re: 04/03/2017 Live Update

Postby Cobra » Mon Apr 03, 2017 11:59 am


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 37822
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/03/2017 Live Update

Postby Trades with cats » Mon Apr 03, 2017 12:01 pm

I will be ready to sell kidneys after the Jobs report on Friday!

Elliot wave counters saw this as the initial low last week (OK Cool Bizone, and remember Bachnut warned you he changes his mind really really fast). Possible another 20 down or so, then back up to test the highs.

I see that it is unusual for the ES to end the day outside of the average daily range calculation. NY Fed Chair Dudley's speech today did't make zerohedge and we are done with number releases so no known unknowns left.

VWAP down to the S2 pivot and slowly falling. Usually see market jump up and touch the bottom of VWAP sometime in the afternoon. Itr will sure take a lot of heavy lifting to get to green.
Trades with cats
 
Posts: 3678
Joined: Sat Oct 11, 2014 4:40 pm

Re: 04/03/2017 Live Update

Postby BullBear52x » Mon Apr 03, 2017 12:09 pm

we sould have a rest here, support level and 50 dma area. wait for new sell signal to tell if the bottom is in or not.
Trend following with me here http://bullbear52x.blogspot.com/
User avatar
BullBear52x
 
Posts: 18135
Joined: Tue Feb 22, 2011 3:47 pm

Re: 04/03/2017 Live Update

Postby Al_Dente » Mon Apr 03, 2017 12:18 pm

Rob Hanna stats on the first five days of April
43hanna.png.png
User avatar
Al_Dente
 
Posts: 18495
Joined: Thu Jul 21, 2011 2:29 pm

Re: 04/03/2017 Live Update

Postby BullBear52x » Mon Apr 03, 2017 12:21 pm

this is what bulls fear the most, over night/weekend news that kills. good deal with AAPL then, bad deal with AAPL now.
Attachments
2.PNG
1.PNG
Trend following with me here http://bullbear52x.blogspot.com/
User avatar
BullBear52x
 
Posts: 18135
Joined: Tue Feb 22, 2011 3:47 pm

Re: 04/03/2017 Live Update

Postby Trades with cats » Mon Apr 03, 2017 12:22 pm

Factory orders at 10 tomorrow and then that noisey ADP payroll on Wednesday. Both could be sell off triggers. Asian markets may not like this Monday action but I guess it more depends on what the PBoC does this week leading up to the Florida meeting. Does Xi Dada play golf?
Trades with cats
 
Posts: 3678
Joined: Sat Oct 11, 2014 4:40 pm

Next

Return to Traders Lounge

Who is online

Users browsing this forum: Bing [Bot] and 10 guests