06/08/2017 Live Update

[Cobra]

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.

========================================================================================================================================================================

lower high or not, wait and see. generally, I won't hope much for bears unless Comey drop a bombshell today which I think is very unlikely.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2017/06 ... ay-update/

[fehro]

/GC mind possible H&S .. not sure if RS is in.. "could" see -$15 on gold.. 1260ish 20d/50d/50w

[fehro]

/GC mind possible H&S .. not sure if RS is in.. "could" see -$15 on gold.. 1260ish 20d/50d/50w

[Trades with cats]

Today and tomorrow are financial index futures roll days. I hate it, have to run two sets of charts, volume stinks on both and the whole thing leading up to a triple witching. At least after expiration next week the Empire's tractor beam on the market will be switched off for a few days, I hope.

[Cobra]

members only update at 10:03 am
http://www.cobrasmarketview.com/2017/06 ... ay-update/

[Daniel]

GDX starting to fill its huge gap up of the other day. GDXJ not yet.

SLV -1.5% from the Open.

[Trades with cats]

R2K futures much more positive than the ES, above the overnight high knocking on significant resistance.

A note on the pivots. These are Fibonacci pivots. I think they work better on the tick charts. I use standard floor pivots on time charts. Also the number with the degree sign in the lower right corner of the chart is the slope of the ADX line. Fuchsia is up, black is neutral and gold is down.

[daytradingES]

Today and tomorrow are financial index futures roll days. I hate it, have to run two sets of charts, volume stinks on both and the whole thing leading up to a triple witching. At least after expiration next week the Empire's tractor beam on the market will be switched off for a few days, I hope.

I just don't do my roll-over til Monday and update my charts on the weekend.

[fehro]

DXY 20d close 97.38

[Daniel]

From Briefing.com
"Investors are playing a wait-and-see strategy this morning ahead of the testimony of former FBI Director ... "

Quite so. (per Schwab), NYSE tick since the open has not peaked above or below 500. This is a tepid cautious reading.

[fehro]

PUT/Call 0.44

[fehro]

/GC mind possible H&S .. not sure if RS is in.. "could" see -$15 on gold.. 1260ish 20d/50d/50w

bouncing at May highs..

[brokebybernacke2]

nice little IHS forming over last 3 days....

[Cobra]

don't think it's mm, but in case you want to know the target. I think it'll pullback around day high as we're in range.

[Daniel]

Fehro, have you been noticing some of the interesting divergences which are showing up in the energy universe? While USO/Crude is struggling with new lows--and likewise the energy service providers--some individual largecaps like XOM and CVX are coming up hard off such lows, and showing RS... and the XLE in general has been stronger than the commodity.

I'm looking at Stockcharts single-panel multicharts, but I don't have upload capability at this terminal. However it’s not hard to visualize, the point is that some subsectors are starting to outperform.

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2017/06 ... ay-update/

[Daniel]

Semiconductors and Naz advancers are currently predicting that the high of the day won't hold.

[Daniel]

IWM hod. CVX hod.

Multi-sector highs now...

[brokebybernacke2]

small caps up 1%, sp laggard...