Back to www.cobrasmarketview.com

   

03/04/2020 Live Update

03/04/2020 Live Update

Postby Cobra » Wed Mar 04, 2020 10:24 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.
========================================================================================================================================================================

The overnight rebound can be seen as the 2nd test of the yesterday's rebound high so from now on, no sharp pullback allowed, otherwise it'd be a lower high trend reversal, the rebound is over.
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: 46019
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/04/2020 Live Update

Postby JFR » Wed Mar 04, 2020 10:27 am

ES daily. The market is trying to recover. Higher lows. Well beneath the EMA 20. The plan is to scalp ES and day trade some ETFs.


2020-03-04_0626.png
User avatar
JFR
 
Posts: 4177
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/04/2020 Live Update

Postby JFR » Wed Mar 04, 2020 10:28 am

ES 5. Some good moves overnight. Got stopped out on ES while AFK, 2 points more needed for the turn, then it ran well. That is the game we play.


2020-03-04_0627.png
User avatar
JFR
 
Posts: 4177
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/04/2020 Live Update

Postby Cobra » Wed Mar 04, 2020 10:28 am

The members only update starts here: http://www.cobrasmarketview.com/2020/03 ... ay-update/

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: 46019
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/04/2020 Live Update

Postby JFR » Wed Mar 04, 2020 10:32 am

Overnight gap up on ES, NQ, YM and RTY.


2020-03-04_0631.png
User avatar
JFR
 
Posts: 4177
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/04/2020 Live Update

Postby JFR » Wed Mar 04, 2020 10:37 am

ES 5. Tempting to jump in that first five minutes. You had better be on time. I managed to stay out.


2020-03-04_0636.png
User avatar
JFR
 
Posts: 4177
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/04/2020 Live Update

Postby Heck » Wed Mar 04, 2020 10:41 am

CNN Extreme Fear 10 Rising = UP

Two/Three ISEE = UP

SP.1 Mar Futures BUYING Above 2,976.50
Heck
 
Posts: 1774
Joined: Thu Nov 15, 2012 4:56 pm
Location: Lake Tahoe, Nevada

Re: 03/04/2020 Live Update

Postby JFR » Wed Mar 04, 2020 10:42 am

Dow 30. A sea of green. UNH, PFE and WBA leading. JPM and GS trailing.


2020-03-04_0641.png
User avatar
JFR
 
Posts: 4177
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/04/2020 Live Update

Postby ccash04 » Wed Mar 04, 2020 10:54 am

Bonds quickly pricing in recession makes me nervous that equities are in risk, even though I would like to buy today...
ccash04
 
Posts: 277
Joined: Wed Jul 13, 2011 9:20 am

Re: 03/04/2020 Live Update

Postby JFR » Wed Mar 04, 2020 10:56 am

ES 5. Down to the pivot.


2020-03-04_0656.png
User avatar
JFR
 
Posts: 4177
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/04/2020 Live Update

Postby Cobra » Wed Mar 04, 2020 11:01 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: 46019
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/04/2020 Live Update

Postby Cobra » Wed Mar 04, 2020 11:02 am

It's morning hourly filled black bar
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: 46019
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/04/2020 Live Update

Postby BullBear52x » Wed Mar 04, 2020 11:03 am

Can not hold on 5DMA, bad for bulls, selling to continue until then.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 22666
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/04/2020 Live Update

Postby JFR » Wed Mar 04, 2020 11:07 am

ES 5. Testing down beneath the pivot. It is holding so far.


2020-03-04_0706.png
User avatar
JFR
 
Posts: 4177
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/04/2020 Live Update

Postby BullBear52x » Wed Mar 04, 2020 11:12 am

There is confusing to most traders due to Cash SPX and /ES not yet align on MA, at or around 5DMA area right now.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 22666
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/04/2020 Live Update

Postby JFR » Wed Mar 04, 2020 11:18 am

ES 5. Moving up, out of the range it was in. Bulls making a show.

Taking a break. Back later ...


2020-03-04_0716.png
User avatar
JFR
 
Posts: 4177
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/04/2020 Live Update

Postby BullBear52x » Wed Mar 04, 2020 11:21 am

5 min. bullish, I will buy next dip on 1min. setup.
Attachments
1.PNG
Last edited by BullBear52x on Wed Mar 04, 2020 11:22 am, edited 1 time in total.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 22666
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/04/2020 Live Update

Postby Al_Dente » Wed Mar 04, 2020 11:21 am

CHARLIE at NOMURA:
zh notes that "Quants tend to use about 90% more words than they need (it's called hedging just in case someone actually understands what they are saying and they end up being wrong, a practice perfected by Greenspan)…"
Charlie’s bottom line: … despite yesterday's unwind, stocks continue to trade "short" , but a close above 3079 today would see the signal go bull, leading to further aggressive buying and more shorts squeezed.
https://www.zerohedge.com/markets/nomur ... to+zero%29
User avatar
Al_Dente
 
Posts: 24104
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/04/2020 Live Update

Postby Cobra » Wed Mar 04, 2020 11:34 am

Breakout above day high in the next several bars then it'd be an uptrend day. I'll treat it as a range day no matter what though.
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: 46019
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/04/2020 Live Update

Postby ccash04 » Wed Mar 04, 2020 11:38 am

Legging into short here, small position size
ccash04
 
Posts: 277
Joined: Wed Jul 13, 2011 9:20 am

Next

Return to Traders Lounge

Who is online

Users browsing this forum: arzaccess, ysc and 50 guests