Back to www.cobrasmarketview.com

   

06/29/2020 Live Update

06/29/2020 Live Update

Postby Cobra » Mon Jun 29, 2020 9:25 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. Possible range day.
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: 46447
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/29/2020 Live Update

Postby Cobra » Mon Jun 29, 2020 9:27 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: 46447
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/29/2020 Live Update

Postby Cobra » Mon Jun 29, 2020 10:00 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: 46447
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/29/2020 Live Update

Postby Cobra » Mon Jun 29, 2020 10:03 am

It's a 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: 46447
Joined: Sat Feb 12, 2011 10:29 pm

Postby MrMiyagi » Mon Jun 29, 2020 10:14 am

Cobra wrote:It's a morning hourly filled black bar


Black Bars Matter...?
User avatar
MrMiyagi
 
Posts: 10301
Joined: Sun Oct 16, 2011 12:48 pm

Re: 06/29/2020 Live Update

Postby Heck » Mon Jun 29, 2020 10:26 am

Black bears matter
So do
2.0046 $TRIN
CNN Sentiment Falling from 49 Neutral to 0 Extreme Fear
ISEE DOWN


SP.1 Sep Futs SELLING < 3,040 edit
Last edited by Heck on Mon Jun 29, 2020 1:59 pm, edited 4 times in total.
Heck
 
Posts: 1886
Joined: Thu Nov 15, 2012 4:56 pm
Location: Lake Tahoe, Nevada

Re: 06/29/2020 Live Update

Postby Cobra » Mon Jun 29, 2020 10:57 am

If break above the day high in the next couple of bars then it could be an uptrend day but since it'd be within the last Friday's range anyway so I'll treat it as a range day therefore would buy dip only.
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: 46447
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/29/2020 Live Update

Postby Al_Dente » Mon Jun 29, 2020 11:03 am

Today and tomorrow are the last days for quarterly rebalancing.
[Last week JPM estimated there would be $170 BLN in rebalance selling].

629rebal.png
User avatar
Al_Dente
 
Posts: 24250
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2020 Live Update

Postby Al_Dente » Mon Jun 29, 2020 11:06 am

Box target met
5min
629box.png
User avatar
Al_Dente
 
Posts: 24250
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2020 Live Update

Postby Cobra » Mon Jun 29, 2020 11:31 am

Testing day high, so far it's just a range day, not "an uptrend day but by my definition a range day".
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: 46447
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/29/2020 Live Update

Postby Cobra » Mon Jun 29, 2020 11:43 am

Breakout should be more likely in stead of a double top.
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: 46447
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/29/2020 Live Update

Postby Cobra » Mon Jun 29, 2020 12:20 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: 46447
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/29/2020 Live Update

Postby te_fern » Mon Jun 29, 2020 12:22 pm

Will this be a bull trap??
Attachments
SPX.PNG
te_fern
 
Posts: 3139
Joined: Tue Nov 24, 2015 3:35 pm

Re: 06/29/2020 Live Update

Postby te_fern » Mon Jun 29, 2020 12:24 pm

Will probably back test the breakout and then we'll see!
te_fern
 
Posts: 3139
Joined: Tue Nov 24, 2015 3:35 pm

Re: 06/29/2020 Live Update

Postby JFR » Mon Jun 29, 2020 1:05 pm

ES daily. Another narrow range. Getting squeezed by the EMA 20 and a trendline.


2020-06-29_1004.png
User avatar
JFR
 
Posts: 4433
Joined: Sun Dec 02, 2012 7:24 pm

Re: 06/29/2020 Live Update

Postby JFR » Mon Jun 29, 2020 1:07 pm

ES 5. At the open, it dipped down beneath the 3000 level. Now it is stuck beneath pivot S2. Riding the EMA 20.


2020-06-29_1005.png
User avatar
JFR
 
Posts: 4433
Joined: Sun Dec 02, 2012 7:24 pm

Re: 06/29/2020 Live Update

Postby Al_Dente » Mon Jun 29, 2020 1:08 pm

'The Fed on Sunday identified 794 companies whose bonds it will be buying directly to support the market for investment-grade corporate debt. Apple, Verizon, AT&T, Toyota, Volkswagen and Daimler accounted for 10% of debt the Fed is supporting.' [WSJ]
User avatar
Al_Dente
 
Posts: 24250
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2020 Live Update

Postby Al_Dente » Mon Jun 29, 2020 1:10 pm

"The central bank can support the fiscal side, which is what they have been doing. But directly putting the money into consumers’ pockets will be a lot more helpful. As opposed to whether the Fed buys $10 billion or $100 billion of corporate bonds." [Bloomberg]
User avatar
Al_Dente
 
Posts: 24250
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2020 Live Update

Postby JFR » Mon Jun 29, 2020 1:11 pm

Dow 30. A sea of green. Led by the usual suspects BA and Dow Holdings, with RTX in the mix. CSCO all alone in the red.


2020-06-29_1009.png
User avatar
JFR
 
Posts: 4433
Joined: Sun Dec 02, 2012 7:24 pm

Re: 06/29/2020 Live Update

Postby JFR » Mon Jun 29, 2020 1:22 pm

Some different asset classes. GLD flat on the day. IYR, SPY, USO up. TLT down. UUP gap down, but now up a bit.


2020-06-29_1018.png
User avatar
JFR
 
Posts: 4433
Joined: Sun Dec 02, 2012 7:24 pm

Next

Return to Traders Lounge

Who is online

Users browsing this forum: No registered users and 16 guests