Back to www.cobrasmarketview.com

   

03/09/2020 Live Update

03/09/2020 Live Update

Postby Cobra » Mon Mar 09, 2020 10:02 am

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.
========================================================================================================================================================================

Sorry, overslept, there's one hour change, hopefully didn't miss too much fun.
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: 46731
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/09/2020 Live Update

Postby brucekeller » Mon Mar 09, 2020 10:03 am

LOL, while most couldn't sleep last night, Cobra oversleeps. :D
brucekeller
 
Posts: 219
Joined: Sun Apr 27, 2014 8:42 am

Re: 03/09/2020 Live Update

Postby EkOnkaar » Mon Mar 09, 2020 10:04 am

Stockcharts in the fritz again :(
EkOnkaar
 
Posts: 53
Joined: Wed Mar 02, 2011 9:58 am

Re: 03/09/2020 Live Update

Postby Fieldydwb » Mon Mar 09, 2020 10:06 am

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

Sorry, overslept, there's one hour change, hopefully didn't miss too much fun.[/quote]

Probably the coolest post of the year from a trader :)
Last edited by Fieldydwb on Mon Mar 09, 2020 11:02 am, edited 1 time in total.
Fieldydwb
 
Posts: 11
Joined: Sun Sep 01, 2013 9:41 pm

Re: 03/09/2020 Live Update

Postby Daniel » Mon Mar 09, 2020 10:11 am

SPY testing hod...
Daniel
 
Posts: 3420
Joined: Fri Feb 10, 2012 4:27 pm

Re: 03/09/2020 Live Update

Postby JFR » Mon Mar 09, 2020 10:13 am

Brought over from the other page ...

Daniel wrote:
JFR wrote:It's back open. OK, maybe I will do some trading.

Absolutely. Day trader's paradise, if volatility is a desirable thing for one's system. SPY just went from 273.60 to 281.60 in ten minutes. Try getting THAT kind of return from a 10yr treasury.
:)


Ha ha. You have a gambler's heart. I don't think one can rely on charts today. Ninja was all f***ed up this morning. StockCharts is dead in the water. I like to feel comfortable at the control panel. Ha ha TOS charts OK. IB charts OK but always limited.

If StockCharts could get running, I could do some Scan research that I have not quite finished.
User avatar
JFR
 
Posts: 4459
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/09/2020 Live Update

Postby Daniel » Mon Mar 09, 2020 10:16 am

Fieldydwb wrote:
Cobra wrote:Sorry, overslept, there's one hour change, hopefully didn't miss too much fun.

Probably the coolest post of the year from a trader.

Fieldydwb--and any other new posters to this Board--note how you can use the editing function to pick out just the exact portion you want to quote, and not the rest. This is good to do, it keeps posts from being unnecessarily long.
Just make sure to leave the quote brackets at beginning and end.
:)
Daniel
 
Posts: 3420
Joined: Fri Feb 10, 2012 4:27 pm

Re: 03/09/2020 Live Update

Postby Cobra » Mon Mar 09, 2020 10:16 am


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: 46731
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/09/2020 Live Update

Postby BullTart » Mon Mar 09, 2020 10:18 am

gapped down below the target (!) - we should fill the gap
Attachments
Screen Shot 2020-03-09 at 8.15.41 PM.png
User avatar
BullTart
 
Posts: 373
Joined: Thu Sep 01, 2011 12:23 pm

Re: 03/09/2020 Live Update

Postby Cobra » Mon Mar 09, 2020 10:19 am

Not much to say other than please wait for the dust to clear. Right now it's the usual rebound let EMA20 to catch up, then we'll see there.
Attachments
ES5min.png
ES5min.png (13.13 KiB) Viewed 1195 times

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: 46731
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/09/2020 Live Update

Postby Fieldydwb » Mon Mar 09, 2020 10:19 am

Daniel wrote:
Fieldydwb wrote:
Cobra wrote:Sorry, overslept, there's one hour change, hopefully didn't miss too much fun.

Probably the coolest post of the year from a trader.

being unnecessarily long.
:)


Got it. Sorry about that.
Fieldydwb
 
Posts: 11
Joined: Sun Sep 01, 2013 9:41 pm

Re: 03/09/2020 Live Update

Postby Daniel » Mon Mar 09, 2020 10:21 am

JFR wrote:Ha ha. You have a gambler's heart.

Actually not. With volatility like this one can keep position size very small, and still knock out a nice scalp-return. Just be patient and wait for good setups, with target and stop in a favorable ratio. Trading today will be pure sentiment. And that's when technical analysis does best. ;)
Daniel
 
Posts: 3420
Joined: Fri Feb 10, 2012 4:27 pm

Re: 03/09/2020 Live Update

Postby JFR » Mon Mar 09, 2020 10:22 am

Overnight/weekend gaps down on ES, NQ, YM and RTY. Back in business for the time being.


2020-03-09_0721.png
User avatar
JFR
 
Posts: 4459
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/09/2020 Live Update

Postby Daniel » Mon Mar 09, 2020 10:25 am

Fieldydwb wrote:
Daniel wrote:long.

Got it.

Yes! Indeed you did.
This Board software is very user friendly and flexible. Another achievement of Cobra the wise.
:)
Daniel
 
Posts: 3420
Joined: Fri Feb 10, 2012 4:27 pm

Re: 03/09/2020 Live Update

Postby Daniel » Mon Mar 09, 2020 10:30 am

OK, we have an OR-60 for SPY-- 273.60 low and 282.60 high.
That is the current universe.
Daniel
 
Posts: 3420
Joined: Fri Feb 10, 2012 4:27 pm

Re: 03/09/2020 Live Update

Postby Daniel » Mon Mar 09, 2020 10:36 am

Basic FreeStockcharts.com has been streaming fine all morning. It's still a staple for me. Stockcharts is still frozen.
Daniel
 
Posts: 3420
Joined: Fri Feb 10, 2012 4:27 pm

Re: 03/09/2020 Live Update

Postby Al_Dente » Mon Mar 09, 2020 10:36 am

only one stock in the dow is green: WMT
only one stock in the OEX-100 is green: WMT
User avatar
Al_Dente
 
Posts: 24391
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/09/2020 Live Update

Postby BullBear52x » Mon Mar 09, 2020 10:38 am

/ES halted at 5% first breaker. the lucky number was 2818.88

look up 818 number, there is message in it. we need to get over that number then life will be back stable and only good thing will happen from there. :D
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 23181
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/09/2020 Live Update

Postby Daniel » Mon Mar 09, 2020 10:40 am

SPY is still holding about $2 above daily VWAP. These metrics are what gets woven into "price discovery".
What is the market willing to pay for the equity...
Daniel
 
Posts: 3420
Joined: Fri Feb 10, 2012 4:27 pm

Re: 03/09/2020 Live Update

Postby Mr. BachNut » Mon Mar 09, 2020 10:43 am

The NYMO cycle is down... obviously!
However, in spite of limit down halts and such, we have a positive NYMO divergence now that things are trading.
Let's see how things close, but if it holds, some kind of low may be in the cards in coming days.

We closed another down gap target this morning.
I have brought the remaining possible down gap targets that were stranded back onto the radar as they now seem plausible. :shock:
However, I have retired Pac-Man. His belly is full. He nailed a lot of targets and more remain, but the analogy doesn't seem amusing anymore...

There remains a stranded NYMO benchmark price at SPX 2595.32 (pea green line).
The model says stranded benchmarks get resolved eventually.
I don't think we get there without a rally first (remember I have no clue what will happen), but it is a level to keep a note of for down the road.

If the NYMO low is in, the February low will become a benchmark level for me (SPX 2855.84).
Quotes will be odds on to go above that in the next NYMO up cycle.
If NYMO closes below the February 28 low, this is kaput.

I am flat at the moment. It has only been day trades for me lately and no holding over the weekend.
I would grumble as quick trades are not my thing, but position trading in FX and commodities has been significantly more orderly.
If the positive NYMO divergence holds and the central banks react (seems probable), perhaps a long equity swing will set up for me.
We shall see.

NYMO 030920.jpg
User avatar
Mr. BachNut
 
Posts: 2483
Joined: Thu Feb 24, 2011 2:28 pm

Next

Return to Traders Lounge

Who is online

Users browsing this forum: Google [Bot] and 19 guests