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11/16/2020 Live Update

11/16/2020 Live Update

Postby Cobra » Mon Nov 16, 2020 10:25 am

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Still before a decisive new all time high, any sharp pullback could men lower high or slightly higher high trend reversal, beware of this. Possible trend day, either up or down.
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Re: 11/16/2020 Live Update

Postby Cobra » Mon Nov 16, 2020 10:28 am

The members only update starts here: http://www.cobrasmarketview.com/2020/11 ... ay-update/

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Re: 11/16/2020 Live Update

Postby BullBear52x » Mon Nov 16, 2020 10:46 am

This buy fail will be really messy day.
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Re: 11/16/2020 Live Update

Postby BullBear52x » Mon Nov 16, 2020 11:00 am

This is my pivot, Friday's high, it must hold above or sell I will.
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Re: 11/16/2020 Live Update

Postby Cobra » Mon Nov 16, 2020 11:02 am


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Re: 11/16/2020 Live Update

Postby Cobra » Mon Nov 16, 2020 11:05 am

It's morning hourly filled black bar
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Re: 11/16/2020 Live Update

Postby Al_Dente » Mon Nov 16, 2020 11:25 am

vaccine update
1116vacc.png.jpg
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Re: 11/16/2020 Live Update

Postby Al_Dente » Mon Nov 16, 2020 11:43 am

SPY sectors, latest weighting as of 11/12/20:
Information Tech 27.9%,
Health 14.1%,
Communications 11.0% (XLC = overweight FB and GOOG which are not in the XLK),
Consumer discretionary 11.2% (XLY= overweight AMZN and HD)
Financials 10.1%, Industrials 8.5%, Staples 6.9%, Utilities 3.09%, Materials 2.6%, Real Estate 2.6%, Energy 2.1%

If you cobine all the non-Tech sectors (health, financials, industrials, staples, utilities, materials, real estate, energy), they add up to 49.9% of SPY. Rounded to 50%. Yup, fifty percent. And it appears that 50% is working hard.

Daily charts, two months
1116two months.png.jpg
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Re: 11/16/2020 Live Update

Postby Al_Dente » Mon Nov 16, 2020 11:46 am

1116key sec.png.jpg
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Re: 11/16/2020 Live Update

Postby Cobra » Mon Nov 16, 2020 11:47 am

Breakout with good looking bull bar in the next couple of bars then it's an uptrend day.
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Re: 11/16/2020 Live Update

Postby Al_Dente » Mon Nov 16, 2020 12:03 pm

If you drew a descending triangle last week, the target would be 3689-3690.
Needs an overbought pullback or sideways here "to cool off the RSI.”
1116descend.png.jpg
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Re: 11/16/2020 Live Update

Postby JFR » Mon Nov 16, 2020 12:22 pm

Late to the party. ES daily. Up out of the base. Way above the EMA 20. Reaching for the top. Come Hell or high water, people have money for the stock market.


2020-11-16_08-16-41.png
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Re: 11/16/2020 Live Update

Postby JFR » Mon Nov 16, 2020 12:26 pm

Dow 30. Mostly green. Led by BA and CVX. Where ya gonna travel to? Trailed by PG and MRK. Bad day for pharma and household?


2020-11-16_08-23-25.png
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Re: 11/16/2020 Live Update

Postby JFR » Mon Nov 16, 2020 12:37 pm

Here is a chart from StockChart's new toy. ACP. It's OK in my opinion. Got some nice plug-ins, like the Landry BowTie, which is easy enough to make on your own. It updates every 5 seconds, which is not the greatest. Thus far, I find it of limited use, especially when one has access to NinjaTrader or TOS. Just IMO. Nice looking charts though. No intraday futures. No overnight charts.

Here is SPY, 5 minutes, with MACD and Slow Sto. Bollinger Bands and Landry BowTie.

For plug-ins, after the free ones, they have some for over $500. Waste of money in my view.


2020-11-16_08-38-17.png
Last edited by JFR on Mon Nov 16, 2020 2:12 pm, edited 4 times in total.
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Re: 11/16/2020 Live Update

Postby Cobra » Mon Nov 16, 2020 12:39 pm

The very first pullback in 2+ hours usually is buy, watch for H<#> setup.
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Re: 11/16/2020 Live Update

Postby Al_Dente » Mon Nov 16, 2020 1:04 pm

"BioNtech CEO: Can Likely Start Delivering Covid Vaccine In Early January"
[So why is the stock BNTX down -17% today??]
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Re: 11/16/2020 Live Update

Postby BullBear52x » Mon Nov 16, 2020 1:26 pm

this is not good, MA support failed to hold, 3610 is a last stand for bulls. buy this dip, last buy.
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Re: 11/16/2020 Live Update

Postby Cobra » Mon Nov 16, 2020 1:28 pm


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Re: 11/16/2020 Live Update

Postby BullBear52x » Mon Nov 16, 2020 1:31 pm

3610 then gap area. not a strong bulls, be careful.
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Re: 11/16/2020 Live Update

Postby BullBear52x » Mon Nov 16, 2020 2:01 pm

Buy failed, bears' turn.
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