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 overnight maybe was just a bear flag. However the current pullback has 50% chances to make either a higher low or slightly lower low before the pullback starting from yesterday is over, so key time.
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.
After seven days of higher lows, the FANGs puked yesterday
Longs are not safe until that gets “fixed”
[also, AAPL was “on pace for 7th straight day of 1%+ … Last and only time that happened? Aug 29th, 2000”]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
5/12 'Norway plans to draw a record 382 billion kroner ($37 billion) from its wealth fund, forcing the world’s biggest sovereign investor to embark on an historic asset sale to generate cash. [Norway’s Finance Ministry via Bloomberg] ps: they own tons of U.S. stocks
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Love this volatility, if market bottom here it will surprise me, they will at least test overnight low or lower to lower BB than rebound, when I am wrong I can be really wrong
My comments are for entertainment/educational purpose only. NOT a trade advice.
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.
Should be the usual rebound to EMA20 after gap down, from where we'll see whether bears have chances or not today.
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.
5/12 Druckenmiller last night: "The wild card here is the Fed can always step up their purchases of assets... ... The risk-reward for equity is maybe as bad as I've seen it in my career."
Trump responds on twitter this morning: “When the so-called “rich guys” speak negatively about the market, you must always remember that some are betting big against it, and make a lot of money if it goes down. Then they go positive, get big publicity, and make it going up. They get you both ways. Barely legal?”
Cramer responds on twitter: “It's true. The rich guys are not on to help you, they are on to help themselves. There are so many great American companies that people can invest in that are doing so much for shareholders AND those on the front line..Stop scaring people!”
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.