Back to www.cobrasmarketview.com

   

09/16/2020 Live Update

09/16/2020 Live Update

Postby Cobra » Wed Sep 16, 2020 9:23 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.
========================================================================================================================================================================

Testing resistance, a breakout is a little more likely. Roller coaster show at 2 pm, I'll just watch today. So far looks like a range day, until the show of course. Just nowadays almost no surprise from Fed so not much show to see.
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: 48549
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/16/2020 Live Update

Postby JFR » Wed Sep 16, 2020 9:25 am

ES daily. Still edging up. Riding the EMA 20.


2020-09-16_06-23-50.png
User avatar
JFR
 
Posts: 5018
Joined: Sun Dec 02, 2012 7:24 pm

Re: 09/16/2020 Live Update

Postby Cobra » Wed Sep 16, 2020 9:26 am

The members only update starts here: http://www.cobrasmarketview.com/2020/09 ... 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: 48549
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/16/2020 Live Update

Postby JFR » Wed Sep 16, 2020 9:33 am

Dow 30 at the bell. Leaders AMGN, CRM and PG, two of which are new to the Dow. Laggards DOW, MMM and BA.
Attachments
2020-09-16_06-31-34.png
User avatar
JFR
 
Posts: 5018
Joined: Sun Dec 02, 2012 7:24 pm

Re: 09/16/2020 Live Update

Postby JFR » Wed Sep 16, 2020 9:58 am

Small overnight gaps up on ES, NQ, YM and RTY. NQ filled. RTY staying high.


2020-09-16_06-54-14.png
User avatar
JFR
 
Posts: 5018
Joined: Sun Dec 02, 2012 7:24 pm

Re: 09/16/2020 Live Update

Postby Cobra » Wed Sep 16, 2020 10:03 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: 48549
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/16/2020 Live Update

Postby Cobra » Wed Sep 16, 2020 10:39 am

Maybe, just maybe it's double top, at least now we know it's just 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: 48549
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/16/2020 Live Update

Postby Cobra » Wed Sep 16, 2020 11:25 am

Must be a good news. Now this bull shall have legs.
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: 48549
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/16/2020 Live Update

Postby Al_Dente » Wed Sep 16, 2020 11:35 am

Dow up 200+ points
today's HEAT MAP shows Big Tech red-ish
[box size represents market cap]
916heat.png.jpg
User avatar
Al_Dente
 
Posts: 25131
Joined: Thu Jul 21, 2011 2:29 pm

Re: 09/16/2020 Live Update

Postby JFR » Wed Sep 16, 2020 11:50 am

Quiet day. Did lots of work pre-open and in the first hour. Read the news and sports. Now for a real break. AFK for a while.

ES five minutes. Not really going anywhere.


2020-09-16_08-45-13.png


Whatsa matter with AAPL?


2020-09-16_08-48-37.png
User avatar
JFR
 
Posts: 5018
Joined: Sun Dec 02, 2012 7:24 pm

Re: 09/16/2020 Live Update

Postby Cobra » Wed Sep 16, 2020 12:10 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: 48549
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/16/2020 Live Update

Postby Al_Dente » Wed Sep 16, 2020 12:14 pm

Billionaire genius Ray Dalio:
Head of Bridgewater, the largest hedge fund, down 18.6% YTD, as of the end of August. This is the fund's worst losses in a decade.
Problems:
Sees $3.5 Billion In Redemptions during the first 7 months of the year.
Internal computer models misread the market (also known as the New York Fed model). 
Dalio losing an arbitration fight with ex-staffers.
Ongoing feuds with his co-cheif executive and has laid off "dozens" of employees.
[And possibly he has a Hubris problem].

Dalio took to TV on Tuesday and defended his fund: "...We have never had a significant downturn, all positive years, but we knew that there would come a day. We missed the pandemic going down and that is the reality."
What changes has Dalio made to adjust? Apparently none. “We are operating in the same way we have always operated,” he told Bloomberg TV. 
The firm's key issue, according to insiders, was that it adopted a risk off strategy in March while the market was tanking, and then failed to put risk back on despite the Federal Reserve guaranteeing it would backstop the market with unlimited QE.
 [zh via Bloomberg]
User avatar
Al_Dente
 
Posts: 25131
Joined: Thu Jul 21, 2011 2:29 pm

Re: 09/16/2020 Live Update

Postby Cobra » Wed Sep 16, 2020 12:16 pm

So far it's a bull flag but please no more drop
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: 48549
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/16/2020 Live Update

Postby Cobra » Wed Sep 16, 2020 12:21 pm

IWM and RSP are strong today so bulls should be OK.
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: 48549
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/16/2020 Live Update

Postby Al_Dente » Wed Sep 16, 2020 12:28 pm

Last 10 days %
Banks are up today, but seriously, they are a mess
916banks.png.jpg
User avatar
Al_Dente
 
Posts: 25131
Joined: Thu Jul 21, 2011 2:29 pm

Re: 09/16/2020 Live Update

Postby Cobra » Wed Sep 16, 2020 12:29 pm

$TSLA didn't reach the weekly EMA20 as I hoped but the pullback did get bought which reflects perfectly you human's trading behavior. Now let's see whether bears can make a double top here which also is you human's typical trading behavior...
viewtopic.php?f=2&t=4186&p=287221#p287221

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: 48549
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/16/2020 Live Update

Postby Cobra » Wed Sep 16, 2020 12:37 pm

$GLD, still could be a descending triangle in the making which is a continuation pattern so in theory should breakout on the upside but personally the descending triangle is always bear biased to me
viewtopic.php?f=2&t=4175&p=287224#p287224

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: 48549
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/16/2020 Live Update

Postby Al_Dente » Wed Sep 16, 2020 12:38 pm

Buying puts or buying calls?
The dashed-grey lines show the QQQ options-traders starting to buy puts
916vxn.png.jpg
User avatar
Al_Dente
 
Posts: 25131
Joined: Thu Jul 21, 2011 2:29 pm

Re: 09/16/2020 Live Update

Postby Al_Dente » Wed Sep 16, 2020 12:44 pm

IPO
check SNOW
just opened
Fidelity traders are big buyers
User avatar
Al_Dente
 
Posts: 25131
Joined: Thu Jul 21, 2011 2:29 pm

Re: 09/16/2020 Live Update

Postby BullBear52x » Wed Sep 16, 2020 12:52 pm

Failed breakout, range low is common target to look to. another reversal.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 24358
Joined: Tue Feb 22, 2011 3:47 pm

Next

Return to Traders Lounge

Who is online

Users browsing this forum: Google [Bot] and 14 guests

cron