Back to www.cobrasmarketview.com

06/29/2017 Live Update

User avatar
Cobra
Site Admin
Posts: 58337
Joined: Sat Feb 12, 2011 10:29 pm

06/29/2017 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.
=============================================================================================================================================================================

nested 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.
User avatar
Cobra
Site Admin
Posts: 58337
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/29/2017 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.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 06/29/2017 Live Update

Post by fehro »

SPX 20d 2435ish key.. and 5660 NDX VERY key.. those go buckle up for downside move.. NDX could drop 200 points fast. /GC 200d dangerously close 1238.. it goes.. look for a possible VERY sharp drop in gold.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2017 Live Update

Post by Al_Dente »

Love affair with banks continues
After they all passed the “stress test” here is a huge list of scheduled BUYBACKS and dividends.
http://www.zerohedge.com/news/2017-06-2 ... tress-test
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2017 Live Update

Post by Al_Dente »

IF YOU LIKE SMALLS PLEASE SEE THESE CHARTS
ATH yesterday on the Russell micro-caps :o
“a new all-time high is NOT a characteristic of a downtrend.”
http://allstarcharts.com/chart-week-mic ... report.com
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: 06/29/2017 Live Update

Post by fehro »

fehro wrote:SPX 20d 2435ish key.. and 5660 NDX VERY key.. those go buckle up for downside move.. NDX could drop 200 points fast. /GC 200d dangerously close 1238.. it goes.. look for a possible VERY sharp drop in gold.
key time SPX 20d, NDX50d.. those go ..look out below!
Attachments
Screen Shot 2017-06-29 at 6.48.15 AM.png
ccash04
Posts: 397
Joined: Wed Jul 13, 2011 9:20 am

Re: 06/29/2017 Live Update

Post by ccash04 »

Fins buoying market, 25 area on XLF has been major resistance for past 3 years since 2014.
User avatar
Cobra
Site Admin
Posts: 58337
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/29/2017 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
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2017 Live Update

Post by Al_Dente »

rotation out of reds, into greens
sheeesh
629heat.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: 06/29/2017 Live Update

Post by fehro »

AAPL 142.50ish goes.. buckle up.. look to 132, 127
Attachments
Screen Shot 2017-06-29 at 7.09.00 AM.png
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 06/29/2017 Live Update

Post by fehro »

be so careful.. NDX "could" waterfall today.. QQQs under $138 ish with conviction.. look for $6.75 dollar drop.. fast ish
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2017 Live Update

Post by Al_Dente »

ho mama
XLF on the WEEKLY
long term
629banks week.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
cletus
Posts: 1445
Joined: Wed Feb 16, 2011 10:45 am

Re: 06/29/2017 Live Update

Post by cletus »

I don't know why Cobra thought the bears lost. Why? Because the VIX was down at 10 again? Take a look at what happened in 2006 when the VIX stay at 10 for several weeks like it is doing now. Not bad for bears. Not bad at all. It may come swiftly after a long wait though, so patience is required.
Attachments
sc.png
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 06/29/2017 Live Update

Post by fehro »

fehro wrote:be so careful.. NDX "could" waterfall today.. QQQs under $138 ish with conviction.. look for $6.75 dollar drop.. fast ish
look to 50d SPX if we start to move fast 2409 .. that's 20 points from here
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 06/29/2017 Live Update

Post by fehro »

fehro wrote:be so careful.. NDX "could" waterfall today.. QQQs under $138 ish with conviction.. look for $6.75 dollar drop.. fast ish
'IF" QQQ breaks 138, 137.80 with conviction aka sharp drop under.. with volume target open gap 133.80-132.60 then 132.43.. horiz support.. H&S target iffy.. 131.40
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 06/29/2017 Live Update

Post by Trades with cats »

Gotta love the bank move. Conditions moving forward are deteriorating on every front so the Fed says sure, spend some money on cash back inducements to investors. I bet the next move is to quietly start issuing new shares to pay down debt.
Now media using the electric cattle prod on individual investors claiming Warren Buffett will be buying up B of A.
Just don't look at the elephants standing in every corner of the room with names like declining lending, carmageddon, commercial real estate, flattening rate curves, double top in unaffordable housing and internet banking.

I have been there when the assets are paying way less than what you have to give the customers on those savings accounts and you don't ever make it up on fee income.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 06/29/2017 Live Update

Post by fehro »

be very careful today.. potential crash move.. NDX on such key level and a huge cliff.. Put/Call at extreme, TRINs has been active weird last 2 days… could see a very sharp crash move down.. be ready.. fwiw. :roll:
Denali92
Posts: 526
Joined: Wed May 25, 2011 3:39 pm

Re: 06/29/2017 Live Update

Post by Denali92 »

This is what has happened to the DAX today so it makes some sense.... (12,479 -168 or 1.3%) and it has really taken a leg lower here.... and taken out the May lows....

The computers seemed in control yesterday.... and you can not fight them.... Today, they seem to still have the MID and the RUT, but the SPX and NDX are tougher to control....

4th week of June may have more than just yesterday's surprise in store... we shall see....

Thanks,

-D
fehro wrote:be very careful today.. potential crash move.. NDX on such key level and a huge cliff.. Put/Call at extreme, TRINs has been active weird last 2 days… could see a very sharp crash move down.. be ready.. fwiw. :roll:
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 06/29/2017 Live Update

Post by Trades with cats »

ES 09-17 (30 Min)  6_29_2017.jpg
30 minutes of Regular Trading Hours with a monthly volume profile.
User avatar
Cobra
Site Admin
Posts: 58337
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/29/2017 Live Update

Post by Cobra »

testing day low, if cannot make a decisive breakdown then the low would be in. key time.
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.
Post Reply