Back to www.cobrasmarketview.com

   

06/03/2019 Live Update

06/03/2019 Live Update

Postby Cobra » Mon Jun 03, 2019 9:22 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.
=============================================================================================================================================================================

no idea up or down from here.
Attachments
ES60min.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: 43984
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/03/2019 Live Update

Postby Cobra » Mon Jun 03, 2019 9:26 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: 43984
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/03/2019 Live Update

Postby BullBear52x » Mon Jun 03, 2019 9:45 am

Buy day today, but a little overbought already. sit on hands.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 20964
Joined: Tue Feb 22, 2011 3:47 pm

Re: 06/03/2019 Live Update

Postby BullBear52x » Mon Jun 03, 2019 9:50 am

Buy
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 20964
Joined: Tue Feb 22, 2011 3:47 pm

Re: 06/03/2019 Live Update

Postby Trades with cats » Mon Jun 03, 2019 9:53 am

Markit PMI lowest since 2009 teetering on the brink of recession at 50.5 with new orders on the wrong side of things.
Trades with cats
 
Posts: 8054
Joined: Sat Oct 11, 2014 4:40 pm

Re: 06/03/2019 Live Update

Postby BullBear52x » Mon Jun 03, 2019 9:54 am

Closed with a Hammer candle will be nice :D
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 20964
Joined: Tue Feb 22, 2011 3:47 pm

Re: 06/03/2019 Live Update

Postby Cobra » Mon Jun 03, 2019 10:05 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: 43984
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/03/2019 Live Update

Postby Mr. BachNut » Mon Jun 03, 2019 10:08 am

No gap today. Odd.

We just closed another target at SPX 2743.07.

I wasn't planning a post today, but I continue to see the NYMO not cooperate with price.
Friday for the third time, we opened in the turn zone but closed above.
We continue to have a positive divergence with price making new lows but NYMO closing above the May 13 low.
Each stairstep drop in NYMO has been smaller creating a descending wedge.
Today NYMO is up intra-day while price is making fresh lows.

Under the hood, someone is buying.

I am still short, but looking for a turn up, perhaps for a trip to the middle keltner (now 2838).

NYMO 060319.jpg
User avatar
Mr. BachNut
 
Posts: 2414
Joined: Thu Feb 24, 2011 2:28 pm

Re: 06/03/2019 Live Update

Postby ccash04 » Mon Jun 03, 2019 10:08 am

loaded the boat this morning.
ccash04
 
Posts: 200
Joined: Wed Jul 13, 2011 9:20 am

Re: 06/03/2019 Live Update

Postby BullBear52x » Mon Jun 03, 2019 10:08 am

I am expecting a volatility market but not at this rate. well, I am a buyers today, will see.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 20964
Joined: Tue Feb 22, 2011 3:47 pm

Re: 06/03/2019 Live Update

Postby Trades with cats » Mon Jun 03, 2019 10:25 am

Futures Trader 71 pointed out Friday's close in the ES this morning. There was huge volume with no price movement. So as everybody was getting out others were willing to go long into the weekend. He pointed out that for longer term people, these are good prices.

Of course many hear Nero's violin in the background. :o Especially when you read about cash flows this year.
Trades with cats
 
Posts: 8054
Joined: Sat Oct 11, 2014 4:40 pm

Re: 06/03/2019 Live Update

Postby Trades with cats » Mon Jun 03, 2019 10:29 am

ES 06-19 (2000 Tick) 2019_06_03 (8_26_51 AM).png


Double top or breakout?
Trades with cats
 
Posts: 8054
Joined: Sat Oct 11, 2014 4:40 pm

Re: 06/03/2019 Live Update

Postby Al_Dente » Mon Jun 03, 2019 10:31 am

This is new:
QQQ just broke below its 200sma today. And it broke below the 38.2% retracement level
$NDX broke below 200 Friday
User avatar
Al_Dente
 
Posts: 22608
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/03/2019 Live Update

Postby BullBear52x » Mon Jun 03, 2019 10:37 am

take half off the table, morning bulls can not lose today. same playbook.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 20964
Joined: Tue Feb 22, 2011 3:47 pm

Re: 06/03/2019 Live Update

Postby te_fern » Mon Jun 03, 2019 10:39 am

Back to the top of this channel. Need it to break out.....
Attachments
SPX.PNG
te_fern
 
Posts: 2761
Joined: Tue Nov 24, 2015 3:35 pm

Re: 06/03/2019 Live Update

Postby BullBear52x » Mon Jun 03, 2019 10:43 am

next resistance 66ish
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 20964
Joined: Tue Feb 22, 2011 3:47 pm

Re: 06/03/2019 Live Update

Postby Al_Dente » Mon Jun 03, 2019 10:43 am

I’d been patiently waiting for GDX to break its box, either way. It’s been in a boring-horizontal-trading range for ONE MONTH, then on Friday, IN ONE DAY, it gapped and raced up to its cyan-box target already, on huge daily volume. Another gap this morning. That’s a powerful move right there.
60m
63gdx.png.png
User avatar
Al_Dente
 
Posts: 22608
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/03/2019 Live Update

Postby Cobra » Mon Jun 03, 2019 10:45 am

maybe it's uptrend day, maybe this bull shall have legs but as long as it's in the previous day's range I'd treat it as a range day, i.e. no trust of any move.
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: 43984
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/03/2019 Live Update

Postby BullBear52x » Mon Jun 03, 2019 10:49 am

Wishful thinking, I am on the blue.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 20964
Joined: Tue Feb 22, 2011 3:47 pm

Re: 06/03/2019 Live Update

Postby Al_Dente » Mon Jun 03, 2019 10:55 am

One year, as in 12 months, NDX (black) is just below where she was last June, and SPX (purple) is almost below.
I imagine the long-term holders aren’t pleased about that.
63one year.png.png
User avatar
Al_Dente
 
Posts: 22608
Joined: Thu Jul 21, 2011 2:29 pm

Next

Return to Traders Lounge

Who is online

Users browsing this forum: Google [Bot], Google Adsense [Bot] and 23 guests