Back to www.cobrasmarketview.com

06/06/2019 Live Update

User avatar
Cobra
Site Admin
Posts: 58334
Joined: Sat Feb 12, 2011 10:29 pm

06/06/2019 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.
=============================================================================================================================================================================

the rebound shall have legs, may test the resistance above. actually it's testing the resistance now as resistance is a zone not just a line.
Attachments
ES60min.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: 58334
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/06/2019 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: 58334
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/06/2019 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.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 06/06/2019 Live Update

Post by Trades with cats »

Bookmap June 6.png
FT 71 posted this screen shot of the CT Bookmap Pro view of the market before the cash open. Makes it real clear where the resting orders are (white) and the large trades (colored dots). Fancy toys for the big boys!
User avatar
Cobra
Site Admin
Posts: 58334
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/06/2019 Live Update

Post by Cobra »

obviously a range day today.
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
JFR
Posts: 10122
Joined: Sun Dec 02, 2012 7:24 pm

Re: 06/06/2019 Live Update

Post by JFR »

ES, NQ, YM breaking down beneath their opens. M2K crashing through the floor.

2019-06-06_0733.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10122
Joined: Sun Dec 02, 2012 7:24 pm

Re: 06/06/2019 Live Update

Post by JFR »

JNJ having a great day. MCD and DOW Holdings up.

2019-06-06_0743.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10122
Joined: Sun Dec 02, 2012 7:24 pm

Re: 06/06/2019 Live Update

Post by JFR »

Eisenhower talking to troops about to face the hardest day of their lives, as they seek to liberate Europe from the Nazi death grip. D-Day. June 6, 1944. God bless All.

I55WKMARTNDFNLTMNJ5KMRB6MI.jpg
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10122
Joined: Sun Dec 02, 2012 7:24 pm

Re: 06/06/2019 Live Update

Post by JFR »

Tough day for some retailers.

2019-06-06_0754.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10122
Joined: Sun Dec 02, 2012 7:24 pm

Re: 06/06/2019 Live Update

Post by JFR »

Strong rebound. M2K lagging.

Back later ...

2019-06-06_0802.png
Charts posted are not recommendations. They are just a sharing of information.
crawford glissadevil
Posts: 18
Joined: Tue Apr 10, 2018 11:21 am

Re: 06/06/2019 Live Update

Post by crawford glissadevil »

SPX hit my minimum upside target of 2830-2855-ish. I'll look for a setup to begin shorting the SPX again.
User avatar
Cobra
Site Admin
Posts: 58334
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/06/2019 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: 58334
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/06/2019 Live Update

Post by Cobra »

the morning pullback then up to break the day high then sharp pullback, all were typical range day behaviors so it's a range day, nothing interesting.
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
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/06/2019 Live Update

Post by Al_Dente »

SPX up and SMALLS down on the second day of FLAT AD
Bulls can’t go too far without a healthier AD
Jobs tomorrow and/or tariff talks will be the catalyst
5min
66five.png.png
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: 06/06/2019 Live Update

Post by Al_Dente »

You never truly understand something until you can explain it to your grandmother.

Anytime a fund CLOSES ITS GATES, it's useful to see if it’s one wacko manager, or a potentially systemic problem with potential domino ramifications.
This guy was arbitraging illiquid assets vs liquid assets, and he was slammed by redemption requests, and obviously had a bit of trouble liquidating the illiquids to meet redemptions.
Hmmmmm …….
https://www.zerohedge.com/news/2019-06- ... t-industry
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: 06/06/2019 Live Update

Post by Al_Dente »

The last 15 days %
(orange is our healthcare cartel)
66ten days.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58334
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/06/2019 Live Update

Post by Cobra »

what? some good news?
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: 06/06/2019 Live Update

Post by Trades with cats »

ES 06-19 (2000 Tick) 2019_06_06 (12_39_55 PM).png
Consolidation trading rule
With existing trend usually continues. But most common pattern is to break out, then pull back and then go into the move. Worked three times (sort of) this afternoon.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 06/06/2019 Live Update

Post by Trades with cats »

Reuters saying US may delay imposing Mexican Tariffs.

For me the real problem is you can't hoard avocados and tomatoes so consumers will notice! :lol:
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 06/06/2019 Live Update

Post by Trades with cats »

Tariffs- Not Trading related

My wife volunteers at a charity that uses the funds that it raises to provide elementary school kids with a full set of new cloths for school. They buy direct and have a facility where the various schools bus the kids. Largest selection of little kid jeans in the state. They cloth around 3,800 kids a year. Finance committee (which she chairs) had to make a noticeable large emergency budget increase this spring because of tariffs. Wait till August when all the moms go back to school shopping. :o
Post Reply