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06/14/2021 Live Update

06/14/2021 Live Update

Postby Cobra » Mon Jun 14, 2021 8:40 am

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Maybe it's a rising wedge which actually doesn't say direction anyway.

Flat open so likely just a range day, a boring one. All eyes are on the Wednesday's rate decision which should be "no no inflation, don't worry, we'll keep printing money until everyone has lots of lots of paper"!
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Re: 06/14/2021 Live Update

Postby JFR » Mon Jun 14, 2021 9:57 am

SPY daily. Although price is down a bit, the base is angling up. A doji so far.


2021-06-14_06-55-13.png
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Re: 06/14/2021 Live Update

Postby JFR » Mon Jun 14, 2021 10:01 am

SPY 5 minutes. The bears won the first half of Friday's action. The bulls won the second half. Choppy today, down a bit from the high and the previous close.


2021-06-14_06-59-11.png
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Re: 06/14/2021 Live Update

Postby Cobra » Mon Jun 14, 2021 10:02 am


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Re: 06/14/2021 Live Update

Postby JFR » Mon Jun 14, 2021 10:16 am

Mostly red on the Dow 30.


2021-06-14_07-15-06.png
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Re: 06/14/2021 Live Update

Postby JFR » Mon Jun 14, 2021 10:40 am

Alternatives. SPYV, TLT down. USO up.

Back later ...


2021-06-14_07-38-57.png
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Re: 06/14/2021 Live Update

Postby Trades w 2 Cats » Mon Jun 14, 2021 11:39 am

MES 09-21 (950 Tick) _ ES 09-21 (2000 Tick) 2021_06_14 (10_36_34 AM).png


Down channel looking to become a range. Gee wiz I wonder if the afternoon rally will get us back to Fridays close. :twisted: :lol: :lol:
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Re: 06/14/2021 Live Update

Postby Cobra » Mon Jun 14, 2021 11:43 am

50% chances of double bottom here. Consolidation here would mean breakdown so bulls need a sharp rebound.
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Re: 06/14/2021 Live Update

Postby Cobra » Mon Jun 14, 2021 12:06 pm


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Re: 06/14/2021 Live Update

Postby Al_Dente » Mon Jun 14, 2021 12:08 pm

note squeeze on SOXL 5min
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Re: 06/14/2021 Live Update

Postby Trades w 2 Cats » Mon Jun 14, 2021 12:20 pm

from the evil sites weekly events article.

02:00 PM FOMC statement, June 15-16 meeting: As discussed in our FOMC preview, we continue to expect the first hint about tapering in August or September, followed by a formal announcement in December and the start of tapering at the beginning of next year. Our best guess is that the dots will not show a hike in 2023, but it is a close call.
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Re: 06/14/2021 Live Update

Postby Cobra » Mon Jun 14, 2021 12:39 pm

Possible descending triangle, so breakdown is a little bit more likely. Better a little consolidation here before the breakdown otherwise, probably the breakdown would not be for real.
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Re: 06/14/2021 Live Update

Postby Al_Dente » Mon Jun 14, 2021 1:58 pm

It is very expensive to buy OTM puts (to speculate and/or to protect your portfolio)
SKEW is extreme, as of friday’s close
614skew.png.jpg
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Re: 06/14/2021 Live Update

Postby Al_Dente » Mon Jun 14, 2021 2:02 pm

Handy tool: Margin Call Calculator
https://www.calculatorpro.com/calculato ... alculator/
Type in your BUY share price, type 50% initial margin and type 25% maintenance margin [some firms vary]
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Re: 06/14/2021 Live Update

Postby BullBear52x » Mon Jun 14, 2021 2:32 pm

$NYAD swing sell triggered today. stop at ATH.
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Re: 06/14/2021 Live Update

Postby Cobra » Mon Jun 14, 2021 2:45 pm

Very strong bull bar so guess the low was in for today. Once again, most breakout/breakdown simply are false.
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Re: 06/14/2021 Live Update

Postby Al_Dente » Mon Jun 14, 2021 2:53 pm

Plenty of companies find ways around it …. and companies report earnings on various dates...
But in general FWIW today starts the buyback blackout period … until generally July 1
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Re: 06/14/2021 Live Update

Postby Cobra » Mon Jun 14, 2021 3:36 pm


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Re: 06/14/2021 Live Update

Postby Cobra » Mon Jun 14, 2021 3:52 pm


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Re: 06/14/2021 Live Update

Postby Cobra » Mon Jun 14, 2021 3:53 pm

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

Thank you guys, I'll see you in another thread soon.

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