Back to www.cobrasmarketview.com

   

06/04/2019 Live Update

Re: 06/04/2019 Live Update

Postby Cobra » Tue Jun 04, 2019 12:05 pm


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: 43536
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/04/2019 Live Update

Postby Cobra » Tue Jun 04, 2019 12:14 pm

the pullback probably will be bought, say around ema20.
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: 43536
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/04/2019 Live Update

Postby Al_Dente » Tue Jun 04, 2019 12:35 pm

All the Shorty McShorts scrambled to cover.
From yesterday: “The ‘minimum’ rally would test 2800.”
We are so near that 2800; she must best that, and sustain it, for bulls to cheer. That would mean that the sellers saw 2800 and backed away…. We’ll see…
User avatar
Al_Dente
 
Posts: 22364
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/04/2019 Live Update

Postby JFR » Tue Jun 04, 2019 1:18 pm

Looking for a chance to go long. The market, in its capricious way, is teasing me. No setup. Have to pass.

Back later ...


2019-06-04_1017.png
User avatar
JFR
 
Posts: 2482
Joined: Sun Dec 02, 2012 7:24 pm

Re: 06/04/2019 Live Update

Postby Al_Dente » Tue Jun 04, 2019 1:33 pm

GURU DRUCKENMILLER is describing his actions last month… not what he’s doing today…
"When the Trump tweet went out, I went from 93% invested to net flat, and bought a bunch of Treasuries," Druckenmiller said Monday evening [6/3] quoted by Bloomberg, referring to the May 5 tweet from Trump which threatened an increase in tariffs on China and which sparked the most vicious selling yet. Explaining his decision, Druck said that it's “not because I’m trying to make money, I just don’t want to play in this environment."
zh: Incidentally, for those confused what going from 93% invested to flat means, the answer is he liquidated his entire equity book.

He doesn’t like the weakness in the consumer sectors (similar to December), and I proxied his view here:
64druck.png.png
User avatar
Al_Dente
 
Posts: 22364
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/04/2019 Live Update

Postby Al_Dente » Tue Jun 04, 2019 2:08 pm

The next FOMC meeting is June 18-19 and currently the odds favor NO CHANGE IN RATES (79.2% no change… only 20.8% odds for easing)
https://www.cmegroup.com/trading/intere ... -fomc.html

[edit: This changes when the actual futures-positioning changes. It does not change with the daily jawboning or tweets from the bobble-heads].
User avatar
Al_Dente
 
Posts: 22364
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/04/2019 Live Update

Postby Cobra » Tue Jun 04, 2019 2:23 pm

the pullback this time might be a little bit larger as I saw 3 push up prior to it.
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: 43536
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/04/2019 Live Update

Postby Al_Dente » Tue Jun 04, 2019 2:26 pm

She’s going south just shy of 2800
Srsly, what is wrong with you?
You’d better try again bulls.
User avatar
Al_Dente
 
Posts: 22364
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/04/2019 Live Update

Postby Al_Dente » Tue Jun 04, 2019 2:28 pm

$NYADV:$NYDEC = 3.2x
$NYUPV:$NYDNV = 4.4x
that's why i say try again
User avatar
Al_Dente
 
Posts: 22364
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/04/2019 Live Update

Postby Al_Dente » Tue Jun 04, 2019 2:45 pm

see gigantic P-bar on IWM 5min
not on TNA
User avatar
Al_Dente
 
Posts: 22364
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/04/2019 Live Update

Postby Al_Dente » Tue Jun 04, 2019 3:00 pm

HAPPY HOUR
dog obedience.png.png
User avatar
Al_Dente
 
Posts: 22364
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/04/2019 Live Update

Postby Cobra » Tue Jun 04, 2019 3:29 pm


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: 43536
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/04/2019 Live Update

Postby Cobra » Tue Jun 04, 2019 3:48 pm

well, guess that's it for today. here's what Wednesday looks like. thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp
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: 43536
Joined: Sat Feb 12, 2011 10:29 pm

Previous

Return to Traders Lounge

Who is online

Users browsing this forum: Google [Bot] and 12 guests