Back to www.cobrasmarketview.com

04/05/2017 Live Update

User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

04/05/2017 Live Update

Post by 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.
========================================================================================================================================================================

3 push up and 2nd test of the previous high so maybe pullback here?
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/05/2017 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/05/2017 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/05/2017 Live Update

Post by Cobra »

this bull shall have legs.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 04/05/2017 Live Update

Post by Trades with cats »

ES 06-17 (5 Min)  4_5_2017a.jpg
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 04/05/2017 Live Update

Post by fehro »

NDX nATH .. COMPQ not quite there.. resistance… here SPY 60m fwiw. .. does it stick … mind the morning gap /CL runs into 20w SMA near here at HOD, >50d SMA
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 04/05/2017 Live Update

Post by Daniel »

XBD, KRE both hitting fresh LOD, as QQQ hits hod...

mixed sector perf today
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 04/05/2017 Live Update

Post by Al_Dente »

45calend.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 04/05/2017 Live Update

Post by fehro »

COMPQ with NDX nATH .. as oil stalled at 20w SMA at HOD
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 04/05/2017 Live Update

Post by Trades with cats »

Once again API not confirmed. Reuters says US crude stocks are now 35 million barrels above this time in 2016, that is 7%. Again, the broken record recording here, OPEC/NOPEC has until July to make that go away. 10 year average is 193 million below today's number. In a couple of weeks the refiners will be going full throttle but it will take some really big draws week after week after week to prevent a panic sell off.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 04/05/2017 Live Update

Post by Trades with cats »

ES 06-17 (1001 Tick) _ TF 06-17 (351 Tick)  4_5_2017a.jpg
Interesting split opinion this morning.
User avatar
MrMiyagi
Posts: 10326
Joined: Sun Oct 16, 2011 12:48 pm

Post by MrMiyagi »

Negative EIA inventory report doused entire rally at 10:30.
texas tea party poop
texas tea party poop
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 04/05/2017 Live Update

Post by Al_Dente »

BANNON REMOVED FROM NATIONAL SECURITY COUNCIL ROLE IN SHAKEUP :o :shock: :o
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 04/05/2017 Live Update

Post by fehro »

be very careful on gold.. big H&S on 60m /GC "could" see a VERY sharp drop today with FOMC, DXY pressing 50d SMA for days now.. "could" pop up huge.

It holds then ascending triangle. Monday night highs on gold tagged 200dSMA and 50w SMA fwiw.
Attachments
Screen Shot 2017-04-05 at 8.46.26 AM.png
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/05/2017 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Denali92
Posts: 526
Joined: Wed May 25, 2011 3:39 pm

Re: 04/05/2017 Live Update

Post by Denali92 »

Here is both a link to my April preview as well as some pre employment thoughts.

The new high today - satisfy the normal condition of the market exceeding the late March high in April - turns out Monday's pullback was a bit of a fake out. (at least for me :roll: :roll: :roll: )

http://www.cobrasmarketview.com/2017/04 ... ay-update/

-D
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/05/2017 Live Update

Post by Cobra »

pullback was bought indeed, now it's 2nd test of day high, wait to see if bears can make double top.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
uempel
Posts: 8685
Joined: Tue Feb 15, 2011 6:38 am

Re: 04/05/2017 Live Update

Post by uempel »

Cycle performed nearly flawlessly in the last year or two - except end of January. Suggests swing to the upside as from today.
SPX 120 min with cycle - one in seven signals failed these last 15 months.
SPX 120 min with cycle - one in seven signals failed these last 15 months.
WindWalker
Posts: 19
Joined: Thu Aug 04, 2016 1:54 pm

Re: 04/05/2017 Live Update

Post by WindWalker »

rising wedge a possibility? we shall see...


download/file.php?mode=view&id=105885
Attachments
2017-04-05-FLEXIBLE_GRID.png
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 04/05/2017 Live Update

Post by Al_Dente »

QQQ, semis and “The Big Five” AGMAF
Can’t argue with the big monsters
However, the TICKQ keeps pointing down for the full nasdaq (not shown here), and soon somebody will need to catch up/down
45agmaf.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Post Reply