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01/07/2021 Live Update

01/07/2021 Live Update

Postby Cobra » Thu Jan 07, 2021 10:22 am

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I see triangle, bias is up. Possible range day.
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Re: 01/07/2021 Live Update

Postby Cobra » Thu Jan 07, 2021 10:25 am

The members only update starts here: http://www.cobrasmarketview.com/2021/01 ... ay-update/

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Re: 01/07/2021 Live Update

Postby BullBear52x » Thu Jan 07, 2021 10:27 am

Price action is bullish, ES 3755 is main pivot that I am looking at. need to see price trade below to go full bear at it again, for now bulls are holding on.
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Re: 01/07/2021 Live Update

Postby BullBear52x » Thu Jan 07, 2021 10:31 am

I have said it " No Fear No Bear" ViX indicates fear is lurking since mid December, be cautious. The reject on SPX:VIX ratio is clear but overall price action were keeping on push up. not a full blow bullish.
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Re: 01/07/2021 Live Update

Postby BullBear52x » Thu Jan 07, 2021 10:35 am

I am selling, today is not as bearish, but my internals told me to sell.
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Re: 01/07/2021 Live Update

Postby QED » Thu Jan 07, 2021 10:39 am

SPY weekly: Hanging man top tomorrow?
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Re: 01/07/2021 Live Update

Postby BullBear52x » Thu Jan 07, 2021 10:40 am

Cash SPX Fib, inside day breakout or fail, you know the routine.
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Re: 01/07/2021 Live Update

Postby Cobra » Thu Jan 07, 2021 10:47 am

Testing the yesterday's high.
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Re: 01/07/2021 Live Update

Postby ccash04 » Thu Jan 07, 2021 10:52 am

Interestingly, between yesterday and today LQD (investment grade corp. bonds) are down while SPY is up - really last week or so.

Typically this portends trouble ahead or at least a pullback not up up and away.
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Re: 01/07/2021 Live Update

Postby BullBear52x » Thu Jan 07, 2021 10:56 am

ccash04 wrote:Interestingly, between yesterday and today LQD (investment grade corp. bonds) are down while SPY is up - really last week or so.

Typically this portends trouble ahead or at least a pullback not up up and away.

look at HYG MACD, suggesting sideways to down also but it doesn't. this time is really different :lol:
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Re: 01/07/2021 Live Update

Postby Cobra » Thu Jan 07, 2021 10:56 am

Consolidation, breakout is more likely.
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Re: 01/07/2021 Live Update

Postby Al_Dente » Thu Jan 07, 2021 10:58 am

Note $TNX at 10.71 (1.071% yield on the 10yr)
The “experts” have been telling us for months that when TNX hits 1% there will be armageddon in treasurys that will spill over to equities
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Re: 01/07/2021 Live Update

Postby BullBear52x » Thu Jan 07, 2021 11:00 am

Bulls win again. I have to fight my way out again today. not buying for me will see if the money is really unlimited out there.
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Re: 01/07/2021 Live Update

Postby ccash04 » Thu Jan 07, 2021 11:00 am

BullBear52x wrote:
ccash04 wrote:Interestingly, between yesterday and today LQD (investment grade corp. bonds) are down while SPY is up - really last week or so.

Typically this portends trouble ahead or at least a pullback not up up and away.

look at HYG MACD, suggesting sideways to down also but it doesn't. this time is really different :lol:


Agreed, it really is different, JNK/HYG really correlate better with IWM in my mind and LQD with SPY/SPX given the composition of the indices and their credit ratings. Either way credit for both are not flashing buy buy buy rather meh or tightening conditions.

All that said there is a backstop with Fed having a fire hose of liquidity everyday so maybe it is different :(
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Re: 01/07/2021 Live Update

Postby Cobra » Thu Jan 07, 2021 11:01 am


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Re: 01/07/2021 Live Update

Postby QED » Thu Jan 07, 2021 11:06 am

SPY p-bar taken out!!!
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Re: 01/07/2021 Live Update

Postby BullBear52x » Thu Jan 07, 2021 11:07 am

I should write a book "How to dig yourself out of a hole" what do you think? another sell here.
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Re: 01/07/2021 Live Update

Postby BullBear52x » Thu Jan 07, 2021 11:22 am

No more bear swing position, until another 30+ points under the belt to hold over night again.
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Re: 01/07/2021 Live Update

Postby BullBear52x » Thu Jan 07, 2021 11:27 am

My crystal ball, (top of the day is in, me thinks)
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Re: 01/07/2021 Live Update

Postby Al_Dente » Thu Jan 07, 2021 11:29 am

Meanwhile, the vaccine stocks, daily
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