Back to www.cobrasmarketview.com

   

03/20/2020 Live Update

03/20/2020 Live Update

Postby Cobra » Fri Mar 20, 2020 9:16 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: 45409
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/20/2020 Live Update

Postby Cobra » Fri Mar 20, 2020 9:19 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: 45409
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/20/2020 Live Update

Postby brucekeller » Fri Mar 20, 2020 9:19 am

I would think the lows were temporarily reached because of the Fed's PDCF starting last night, but it doesn't get full no-liquidity-requirements power until the 26th, so maybe another test of the low before then.
brucekeller
 
Posts: 218
Joined: Sun Apr 27, 2014 8:42 am

Re: 03/20/2020 Live Update

Postby jademann » Fri Mar 20, 2020 9:27 am

jademann
 
Posts: 497
Joined: Wed Aug 22, 2012 10:49 am

Re: 03/20/2020 Live Update

Postby Al_Dente » Fri Mar 20, 2020 9:27 am

existing home sales at 10:00
User avatar
Al_Dente
 
Posts: 23677
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/20/2020 Live Update

Postby Al_Dente » Fri Mar 20, 2020 9:43 am

The Senate GOP coronavirus bailout bill would cap executive pay at companies that receive taxpayer money [no executive at a company receiving money may make more than $425,000 in total annual compensation for two years, retroactive to March 1], while also allowing the government to take ownership stakes. The Senate Republican plan for relief to Americans includes $1,200 cash payments to individuals that would start to phase out at $75,000 in adjusted gross income.
Democrats are pushing for more restrictions, including the prohibition of stock buybacks by the companies receiving the money.
Now they negotiate the terms of the final bill.
User avatar
Al_Dente
 
Posts: 23677
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/20/2020 Live Update

Postby BullBear52x » Fri Mar 20, 2020 9:46 am

No support here bulls are doomed today.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 22281
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/20/2020 Live Update

Postby jademann » Fri Mar 20, 2020 9:49 am

Last edited by jademann on Fri Mar 20, 2020 9:52 am, edited 1 time in total.
jademann
 
Posts: 497
Joined: Wed Aug 22, 2012 10:49 am

Re: 03/20/2020 Live Update

Postby JFR » Fri Mar 20, 2020 9:50 am

ES daily. Just above a support level. Well beneath the EMA 20.


2020-03-20_0648.png
User avatar
JFR
 
Posts: 3682
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/20/2020 Live Update

Postby JFR » Fri Mar 20, 2020 9:52 am

ES 5. Move up through the EMA 20 to the trendline.


2020-03-20_0651.png
User avatar
JFR
 
Posts: 3682
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/20/2020 Live Update

Postby BullBear52x » Fri Mar 20, 2020 9:52 am

Inside day, need an upside breakout. yesterday closed never confirmed swing buy. bulls need lots of work to sleep well over the weekend.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 22281
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/20/2020 Live Update

Postby mattchessen » Fri Mar 20, 2020 9:53 am

brucekeller wrote:I would think the lows were temporarily reached because of the Fed's PDCF starting last night, but it doesn't get full no-liquidity-requirements power until the 26th, so maybe another test of the low before then.


Bruce- would you mind explaining this for us non-finance types? Thank you in advance!
mattchessen
 
Posts: 13
Joined: Tue Aug 14, 2012 1:41 pm

Re: 03/20/2020 Live Update

Postby BullBear52x » Fri Mar 20, 2020 9:57 am

25.5 is where bulls need to get out off, overnight trading is so classical trend S/R.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 22281
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/20/2020 Live Update

Postby Heck » Fri Mar 20, 2020 9:57 am

SPY BUYING > 233.12 Edit
Last edited by Heck on Fri Mar 20, 2020 2:44 pm, edited 2 times in total.
Heck
 
Posts: 1431
Joined: Thu Nov 15, 2012 4:56 pm
Location: Lake Tahoe, Nevada

Re: 03/20/2020 Live Update

Postby Al_Dente » Fri Mar 20, 2020 10:03 am

[Richard Breslow via Bloomberg]
The music always stops playing. Yet, we seem to assume the band is just on break.
It’s a brave trader who wants to initiate new positions of any size going into the weekend, but model-driven strategies will still be getting signals.
The moves today have made some important short-term charts show signs of trying to tempt traders to try to catch the proverbial falling knife.
Are you willing to assume that the bad news has already been priced in?
User avatar
Al_Dente
 
Posts: 23677
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/20/2020 Live Update

Postby BullBear52x » Fri Mar 20, 2020 10:04 am

Al_Dente wrote:[Richard Breslow via Bloomberg]
The music always stops playing. Yet, we seem to assume the band is just on break.
It’s a brave trader who wants to initiate new positions of any size going into the weekend, but model-driven strategies will still be getting signals.
The moves today have made some important short-term charts show signs of trying to tempt traders to try to catch the proverbial falling knife.
Are you willing to assume that the bad news has already been priced in?



Chart discounts all news.
Last edited by BullBear52x on Fri Mar 20, 2020 10:08 am, edited 1 time in total.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 22281
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/20/2020 Live Update

Postby mattchessen » Fri Mar 20, 2020 10:06 am

BTW does anyone buy into this theory that due to quad witching there will be a huge decline in gamma, and therefore volatility, so option prices may plunge next week even if price is flat?
https://spotgamma.com/nomuras-pre-opex-market-view/
Zero Hedge and others have also discussed
https://www.zerohedge.com/markets/extra ... ons-expiry
mattchessen
 
Posts: 13
Joined: Tue Aug 14, 2012 1:41 pm

Re: 03/20/2020 Live Update

Postby jademann » Fri Mar 20, 2020 10:10 am

Chart discounts all news.


BB charts on Feb 1st had no inkling of what was about to unfold.
I had been short for two years and I had all but given up. All I knew was that the bull was very old.

I agree regarding short term charts though.
Last edited by jademann on Fri Mar 20, 2020 10:37 am, edited 2 times in total.
jademann
 
Posts: 497
Joined: Wed Aug 22, 2012 10:49 am

Re: 03/20/2020 Live Update

Postby te_fern » Fri Mar 20, 2020 10:11 am

Watching this channel this morning...
Attachments
SPX.PNG
te_fern
 
Posts: 3032
Joined: Tue Nov 24, 2015 3:35 pm

Re: 03/20/2020 Live Update

Postby Al_Dente » Fri Mar 20, 2020 10:13 am

BullBear52x wrote:
Al_Dente wrote:Are you willing to assume that the bad news has already been priced in?

Chart discounts all news.

THANKS BOSS :geek:
User avatar
Al_Dente
 
Posts: 23677
Joined: Thu Jul 21, 2011 2:29 pm

Next

Return to Traders Lounge

Who is online

Users browsing this forum: Google [Bot] and 9 guests