10/02/2020 Live Update

[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 [email protected].

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

Triangle, so bias is a little bit down. Possible trend day, either up or down.

[JFR]

ES daily. A bird fell off its perch. Below the EMA 20 on news of Trump's Covid-19 test.

[Al_Dente]

September Employment Report: 661 Thousand Jobs Added, 7.9% Unemployment Rate
[EXPECTED: the U.S. economy was expected to add 800,000 new nonfarm jobs, with the unemployment rate falling to 8.2% from August's 8.4%.]

[JFR]

Dow 30. A sea of red. BA, a frequent leader/laggard, at the bottom, along with AAPL. VZ, PG and JNJ taking the least hits.

[BullBear52x]

more down to fill the gap then I will be buying.

[BullBear52x]

sell first.

[Al_Dente]

Yesterday, an unknown investor bought large blocks of upside call options in Fang stocks, trades reminiscent of outsized options purchases made in August by a large investor known as the "Nasdaq whale."
In total, the premium was about $180 million for the options, which have a notional value of roughly $1.7 billion.
https://www.reuters.com/article/usa-sto ... SL1N2GS21N

[Al_Dente]

TOP FIVE stocks plus tsla, 5 days %

[Cobra]

Looks it's the usual huge gap down then rebound to let EMA20 catch up pattern. We'll see from there when EMA20 is close enough. So far uptrend day is possible.

[JFR]

CVX, IBM and MRK all taking hits today.

[BullBear52x]

People buying at 61.8% support, I will be buyer at 50%, Gap not fill the big investors don't like that.

[BullBear52x]

morning bears same playbook, take half and watch moving MA support.

[JFR]

Overnight gap down on ES, NQ, YM and RTY.

[Johnmccabe]

SPX hourly chart seems neutral to me, certainly has room for down movement. but 15min chart looks kinda... bullish?! with quite some room for going north... am I being crazy or dumb?

[JFR]

SPY 5. Makes its run to the EMA 20. Scalping long good. Short should be equally good at times today.

[BullBear52x]

Friday, quick ins and quick outs. today pattern should be up in the morning, down in the mid day and rally back up late in the day. today is big bulls, 10 points squeeze is normal. 3333, 3343,3353 are where I will sell into and take 5-10 points accordingly until MA support hit then will see from there on ES.

[Cobra]

Members only update at 10:10 AM
http://www.cobrasmarketview.com/2020/10 ... ay-update/

[Cobra]

It's a morning hourly hollow red.

[Cobra]

Rebound to EMA20 as expected, now let's see whether bears are determined to fight today which I kind doubt, key time.

[JFR]

Friday, quick ins and quick outs. today pattern should be up in the morning, down in the mid day and rally back up late in the day. today is big bulls, 10 points squeeze is normal. 3333, 3343,3353 are where I will sell into and take 5-10 points accordingly until MA support hit then will see from there on ES.

Good plan, Dr. BB52. The scalping is good. Just like fly fishing.