Back to www.cobrasmarketview.com

09/14/2020 Live Update

User avatar
JFR
Posts: 10127
Joined: Sun Dec 02, 2012 7:24 pm

Re: 09/14/2020 Live Update

Post by JFR »

ES 5. The rush is over, for the time being. Pause in the action.

Later ...

2020-09-14_09-43-00.png
Charts posted are not recommendations. They are just a sharing of information.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 09/14/2020 Live Update

Post by te_fern »

Seems to be running down the trendline. Now can the blue MA line stop the drop??
Attachments
SPX.PNG
This is not investment or trade advice.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/14/2020 Live Update

Post by Cobra »

I'm a little disappointed in bulls as they couldn't even make a fake breakout, so it's just a range day which means at the current stage, I don't expect huge down.
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: 09/14/2020 Live Update

Post by te_fern »

Nope on the blue MA line. As Cobra says the bulls appear to be letting this opportunity go....
Attachments
SPX.PNG
This is not investment or trade advice.
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 09/14/2020 Live Update

Post by BullBear52x »

morning high is bye bye, intraday buy is bye bye, under 38.2% will be Gap and no go in the making, am I lucky or what? :mrgreen:
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 09/14/2020 Live Update

Post by BullBear52x »

Wishful thinking, sell at MA resistance if down trend will be the route. :twisted:
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 09/14/2020 Live Update

Post by Al_Dente »

The Fidelity day-traders use TQQQ (3x long QQQ) for longs,
and SQQQ (3x short QQQ) for hedges and/or shorts.
But they just use SPY for SPX longs. There isn’t heavy use of the juiced SPY ETFs.
None of that is new info.
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: 09/14/2020 Live Update

Post by Al_Dente »

Current movie  box-office data and more
Here’s a new thing from imbd.com:
https://www.boxofficemojo.com/
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
ccash04
Posts: 397
Joined: Wed Jul 13, 2011 9:20 am

Re: 09/14/2020 Live Update

Post by ccash04 »

P-Bar to 334.22
Ratbastrd
Posts: 167
Joined: Tue May 31, 2011 3:32 pm

Re: 09/14/2020 Live Update

Post by Ratbastrd »

1. Couple of interesting tidbits I'm watching. Note the odd structure of the VIX term structure. http://vixcentral.com/
It has essentially flipped and is in an "extreme" state at the front end of the curve (both Contango & Backwardization in the front months). I've seen this a few times, but never within a few percentage points from all time highs.

2. Relative out performance by the smalls over last few weeks. Smalls are heavily weighted around financials, which I think is interesting. Are we seeing early signs of sector rotation in anticipation of rate hikes down the road. Seems inconceivable but I'm hearing a lot of talk about it. If true it is possible the markets are preparing for a sustained sell off at some point just over the horizon, as big money will finally have an alternative source of returns. All speculation of course.
sc (17).png
Last edited by Ratbastrd on Mon Sep 14, 2020 2:02 pm, edited 1 time in total.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 09/14/2020 Live Update

Post by Al_Dente »

LABU (S&P biotech x3 long) is up +20% today
And Trump just singed another Executive Order about lowering drug prices.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Ratbastrd
Posts: 167
Joined: Tue May 31, 2011 3:32 pm

Re: 09/14/2020 Live Update

Post by Ratbastrd »

Al_Dente wrote:LABU (S&P biotech x3 long) is up +20% today
And Trump just singed another Executive Order about lowering drug prices.
Thanks, didn't see that. That may also be contributing the smalls out performance.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/14/2020 Live Update

Post by Cobra »

Hard to say whether it's the range low here. The bottom line is no sharp pullback here until a new day high otherwise it could be a lower high trend reversal at least very hard to make a decision.
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
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 09/14/2020 Live Update

Post by Al_Dente »

WHAT’S INSIDE SMALLS, IWM, daily
Weighting is noted at lower left, but small tech (black) usually leads
914inside smalls.png.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 09/14/2020 Live Update

Post by BullBear52x »

Bulls are not failing intraday until that level of 38.2%, bears will need to make a move quick.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/14/2020 Live Update

Post by Cobra »

This is what I meant: A strong bear signal bar, very hard to make decision here, good chances it's a lower high reversal if the next bar is another strong bear 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
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 09/14/2020 Live Update

Post by BullBear52x »

Bears beware, this is no bearish looking any more, my stop out here.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 09/14/2020 Live Update

Post by BullBear52x »

Bulls are fighting hard, giving up already. :twisted:
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 09/14/2020 Live Update

Post by BullBear52x »

Descending triangle.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/14/2020 Live Update

Post by Cobra »

The bulls' last hope is double bottom here. I see volume surge, so maybe, just maybe a rebound here first then we'll see.
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.
Post Reply