10/13/2020 Live Update

[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.

========================================================================================================================================================================

Double top or bull flag, wait and see. The pullback probably will be bought no matter which pattern.

[Cobra]

The members only update starts here: http://www.cobrasmarketview.com/2020/10 ... ay-update/

[Cobra]

Members only update at 10:05 am
http://www.cobrasmarketview.com/2020/10 ... ay-update/

[Cobra]

Likely just a range day, take the time to relax.

[BullBear52x]

5 min. buy the dip, bears want to see this buy fail by making LL.

[BullBear52x]

ES, selling. MA support on 5 min. a new LL will double the speed of selling pressure.

[Al_Dente]

Bear Internals
SHORTS
AD (DA) issues: bears are 3.3x bulls
AD (DA) volume: bears are 3.4x bulls

[Cobra]

Testing EMA20, it's the bear's last chance here to make a downtrend day. So far still looks like a range day.

[HAOQI]

ES, selling. MA support on 5 min.

Works.

[JFR]

ES daily. Hitting the pause button before it scales the summit.

[JFR]

Dow 30. More red than green. DIS, MSFT and WMT at the top. TRV, BA, and CVX at the bottom.

[JFR]

SPY 5 min. Drifting along the EMA 20.

[Al_Dente]

Invesco is launching some new Nasdaq ETFs to capitalize on the tech craze
https://www.cnbc.com/2020/10/13/invesco ... craze.html

[Al_Dente]

AAPL
'Nearly 4m options contracts tied to the iPhone maker were purchased on Monday, the second-highest level of the year and among the busiest Apple options trading days on record. The purchases were concentrated in calls.'
[FT]

[Cobra]

Members only update at 12:15 pm
http://www.cobrasmarketview.com/2020/10 ... ay-update/

[Al_Dente]

[BESPOKE, 3 hours ago]
"Nearly all of the major US index ETFs are now in extreme overbought territory."
https://twitter.com/bespokeinvest/statu ... 43/photo/1

[Al_Dente]

[2 hours ago, CNBC]
BlackRock CEO Larry Fink: “I believe we still have more to go on the upside...We have a strong conviction that the average investor still is under-invested.”

BLACKROCK Q3 assets under management $7.81 trillion.
That's almost twice the assets overseen by the firm as recently as 2013

[Cobra]

Possible descending triangle, the line below might not hold another test.

[Al_Dente]

APPL event starts in about 10 minutes
https://www.youtube.com/watch?v=KR0g-1hnQPA

[Cobra]

Probably the low was in for today.