Back to www.cobrasmarketview.com

08/04/2020 Live Update

User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

08/04/2020 Live Update

Post by Cobra »

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: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/04/2020 Live Update

Post by Cobra »

The members only update starts here: http://www.cobrasmarketview.com/2020/08 ... 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.
Heck
Posts: 2535
Joined: Thu Nov 15, 2012 4:56 pm
Location: Lake Tahoe, Nevada

Re: 08/04/2020 Live Update

Post by Heck »

QQQ SELLING < 270.38 edit
Second day outside BB = DOWN

Banks tightening loan standards
97% cited less favorable more uncertain economic outlook

Turkey Hikes Lira Overnight Rate To 1,024% To Crush Shorts As Currency Implodes

red close ?
Last edited by Heck on Tue Aug 04, 2020 10:52 am, edited 5 times in total.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/04/2020 Live Update

Post by Cobra »


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: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/04/2020 Live Update

Post by Cobra »

It's morning hourly hollow red
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.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 08/04/2020 Live Update

Post by te_fern »

Broke down below longer trendline, then rallied back above it. Has some horizontal lines to break thru for higher highs....
Attachments
SPX.PNG
This is not investment or trade advice.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 08/04/2020 Live Update

Post by te_fern »

Went outside for a few minutes and missed the bounce in bios. Now its starting to sell off again....
Attachments
LABU.PNG
This is not investment or trade advice.
marcueus3
Posts: 41
Joined: Fri Jun 05, 2020 3:38 pm

Re: 08/04/2020 Live Update

Post by marcueus3 »

Today enourmous chance for top :)
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/04/2020 Live Update

Post by Cobra »

Probably will test the yesterday's high. Breakout with good bull bar then it could be an uptrend 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.
Heck
Posts: 2535
Joined: Thu Nov 15, 2012 4:56 pm
Location: Lake Tahoe, Nevada

Re: 08/04/2020 Live Update

Post by Heck »

The McClellan Volume Summation Index measures advancing and declining volume on the NYSE. During the last month, approximately 5.88% more of each day's volume has traded in advancing issues than in declining issues, pushing this indicator towards the upper end of its range for the last two years.

Extreme Greed last changed Jul 9 from a Greed rating

During the last five trading days, volume in put options has lagged volume in call options by 49.08% as investors make bullish bets in their portfolios. This is among the lowest levels of put buying seen during the last two years, indicating extreme greed on the part of investors.

Extreme Greed last changed Jul 31 from a Greed rating

DOWN and DOWN
Heck
Posts: 2535
Joined: Thu Nov 15, 2012 4:56 pm
Location: Lake Tahoe, Nevada

Re: 08/04/2020 Live Update

Post by Heck »

Booking.com laying off 25% of workforce due to coronavirus downturn

"If we continue down this path with no significant stimulus...we estimate that between 35-45% of 30 million small businesses in America will begin to permanently close by Labor day," says SBUX @HowardSchultz. "It is no longer a crisis. This is a five alarm emergency."

Meanwhile 172.1% market cap to GDP
SunnyWaters
Posts: 3
Joined: Thu Jul 30, 2020 11:54 am

Re: 08/04/2020 Live Update

Post by SunnyWaters »

We didn't fulfill the prophecy of the morning hourly red yet, correct?
Cobra wrote:Probably will test the yesterday's high. Breakout with good bull bar then it could be an uptrend day.
Heck
Posts: 2535
Joined: Thu Nov 15, 2012 4:56 pm
Location: Lake Tahoe, Nevada

Re: 08/04/2020 Live Update

Post by Heck »

te_fern wrote:Went outside for a few minutes and missed the bounce in bios. Now its starting to sell off again....
LABU Target + 215 %
From 57.16 to 180.18

Time wasting asset
Heck
Posts: 2535
Joined: Thu Nov 15, 2012 4:56 pm
Location: Lake Tahoe, Nevada

Re: 08/04/2020 Live Update

Post by Heck »

GLD ATH

Target + 32 %
From 185.21 to 244.46
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/04/2020 Live Update

Post by Cobra »

Breakout would be likely if touches the upper blue line again.
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.
Heck
Posts: 2535
Joined: Thu Nov 15, 2012 4:56 pm
Location: Lake Tahoe, Nevada

Re: 08/04/2020 Live Update

Post by Heck »

Big Beirut Ammonium Nitrate blast edit

Glass shattered 11 miles away

50 dead, 3000 injured edit

Vid

https://tinyurl.com/y6kznk3m

Crippling debt, a currency in free fall, skyrocketing unemployment and entrenched corruption by political elites

BEARYA
Last edited by Heck on Tue Aug 04, 2020 3:59 pm, edited 8 times in total.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/04/2020 Live Update

Post by Cobra »


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
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/04/2020 Live Update

Post by Al_Dente »

[CNBC Halftime Report, just now]
Everyone owns AAPL ...It can’t go on forever... what will end it?
AAPL is now 45% of Berkshire Hath :o
Tiffany says “I’m holding” … I won’t sell anytime soon
Najarian: lighten up… it’s “gotta” consolidate … trees don’t grow to the sky
Josh: it’s too extended… “abject silliness” … but cash generation is enormous … can’t go on forever …. QQQ new high today, but QQQEW equal weight is new high also, which is good ...
Rob: has gotten ahead of itself …
Shannon: be wary … I’d love to see the rest of the market catch up

BIG FIVE, last 8 days
84big.png.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/04/2020 Live Update

Post by Al_Dente »

WHO IS DOWN?
KBE Big Banks
TNX yield
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/04/2020 Live Update

Post by Al_Dente »

20 Day percentage view:
The outperformance of GDX was so large that it pancaked everyone else when placed on the same panel ... so I put it above the main panel (however, GDX did not new high like GLD did today)
ps: look at the Smalls (cyan) leading :shock:
84twenty.png.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Post Reply