Cobra's Market View

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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.

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

This buy fail will be really messy day.

This is my pivot, Friday's high, it must hold above or sell I will.

It's morning hourly filled black bar

vaccine update

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

Breakout with good looking bull bar in the next couple of bars then it's an uptrend day.

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.”

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.

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?

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.

The very first pullback in 2+ hours usually is buy, watch for H<#> setup.

"BioNtech CEO: Can Likely Start Delivering Covid Vaccine In Early January"
[So why is the stock BNTX down -17% today??]

this is not good, MA support failed to hold, 3610 is a last stand for bulls. buy this dip, last buy.

3610 then gap area. not a strong bulls, be careful.

Buy failed, bears' turn.