04/08/2021 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.

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

The push up leading to the overnight pullback was strong so probably the pullback would be bought again.

Gap up above the yesterday's high, trend day possible, either up or down.

[BullBear52x]

Sell day, Honey hole special, think day trade.

[BullBear52x]

Today's pivot, Yesterday's high is the line. buyers need to bid up and up, a trade lower will indicate a failed auction. it will be fast down trend. let roll the dice.

[BullBear52x]

ES, early bird special.

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2021/04 ... ay-update/

[Cobra]

It's a morning hourly filled black bar.

[JFR]

SPY 5. Gap up. Chopping along.

[JFR]

SPY 15. Extended hours. Relatively quiet. Strange pbar to the number of the previous close.

[JFR]

SPY daily. New high. "To the Moon, Alice."

[Trades w 2 Cats]

Broke out of the down channel, time for bulls to run if they re going to break out of the pre-open opening congestion.

[Al_Dente]

Amazon Is Buying Dead Malls and and turning them into distribution centers 
https://finance.yahoo.com/news/amazon-b ... 39847.html

[Al_Dente]

“Sen. Sherrod Brown, chairman of the Senate Banking Committee, is taking aim at three banking giants' ties to Archegos Capital after the fund's recent losses blitzed the market. The Ohio Democrat made inquiries in letters to Goldman Sachs (GS), Nomura (NMR) and Credit Suisse (CS). [CNBC, today]
I posted a DOMINO cockroach link on Tuesday night.
Rather than a second cockroach, zh opined that these events are piling up, pointing to a classic, systemic leverage breaking point: the Robinhood blowup, the Melvin Capital collapse, the Greensill implosion in Europe, the Archegos explosion … “all idiosyncratic, NOT.”
[Pasta: Don’t forget zh finds a “breaking point” every day]

[Al_Dente]

For every bullish analyst that nobody has ever heard of, is a bearish analyst that nobody has ever heard of.
Here’s the bear:
[Spoiler: “...potential… 3,960...]
https://www.marketwatch.com/story/why-t ... 1617880511

[Trades w 2 Cats]

Pasta Boss- going to be good money converting office buildings into residential condos and rentals.

Thanks for the update on the Senate taking an interest in the latest banking failure. It once again proves that they ( the regulators and legislators) are fighting the last war. A point others have made is that this tiger fund was not big enough to get a Fed bailout the way Citadel did in 2019.

[Cobra]

Breakout would be more likely if bulls are able to touch the blue line above so bias is a little bit up.

[Trades w 2 Cats]

London closes as we touch the opening swing high.

[Al_Dente]

Pasta Boss- going to be good money converting office buildings into residential condos and rentals.
Thanks for the update on the Senate taking an interest in the latest banking failure. It once again proves that they ( the regulators and legislators) are fighting the last war. A point others have made is that this tiger fund was not big enough to get a Fed bailout the way Citadel did in 2019.

[Al_Dente]

Semis (bottom panel) broke out from a megaphone-tilted-down, as the odds predicted
Now a descending triangle predicts a fresh high (yellow boxes)
15min

[Al_Dente]

TRIVIA:
DRILLING DOWN ON SEMICONDUCTORS:
SMH is 1x and SOXL is 3x
SMH tracks the overall performance of the 25 largest, U.S. listed companies that produce semiconductors, a crucial component of modern computing. This fund is equally split between giant, large, and mid cap size companies, offering a well-balanced risk/return profile. Given its shallow portfolio, SMH is inherently top-heavy; the top ten holdings account for over two-thirds of total assets [actually it’s 60%].
SMH Top ten: TSM (14% weight; all the others are in the 4-6% range), NVDA, ASML, INTC, AMAT, MU, AVGO, TXN, NXPI, LRCX
The whole portfolio (25 holdings) is 73% U.S. companies.
Expense ratio 0.35%
[source: VanEck, the issuer]

SOXL offers 3x daily long leverage to the PHLX Semiconductor Index [$SOX], making it a powerful tool for investors with a bullish short-term outlook for semiconductor equities. Investors should note that SOXL's leverage resets on a daily basis.
Top twenty holdings: ADI, AMAT, ASML, AVGO, BRKS, CCMP, CREE, ENTG, IPHI, INTC, KLAC, LRCX, LSCC, MRVL [!!!], MCHP, MU, MKSI, MPWR, NVDA, NXPI [with a ton of swaps on the above stocks]
Expense ratio 0.96% [too high, but TQQQ and SQQQ are also 0.95% and folks love them]
[source: Direxion, the issuer]

[Al_Dente]

[ADD]
ps: SOXS is 3x short semis