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 cobra@cobrasmarketview.com.
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.
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.
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 w 2 Cats wrote:Non-farm payrolls: 315,000 vs. +298,000 expected
Unemployment rate: 3.7% vs. 3.5% expected
Average hourly earnings, month-over-month: +0.3% vs. +0.4% expected
Average hourly earnings, year-over-year: +5.2% vs. +5.3% expected
thanks boss
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
The rebound was entirely predictable but the one issue for bulls is NYMO being so deeply oversold, the odds favor a positive divergence that has to form before we can really launch. That means in the coming week we will probably see a lower close on SPX. However, there are rare occasions when it is not required. We are close to bottoming out here. Positive moons cycles are coming next week and then last until the end of September.
Nice oversold bounce overlapped wave 1 so the wave count has to be refigured.
Guessing we chop around for the rest of the day.
Thinking the pro's will hold this up trying for retail buyers on Tuesday/Wednesday so they have someone to short against.
Consolidation, bias is up. Good looking bull bar making new high in the next couple of bars then it's an uptrend day.
Attachments
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.
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.