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08/02/2021 Live Update

08/02/2021 Live Update

Postby Cobra » Mon Aug 02, 2021 8:37 am

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50% chances of double top here.

Gap up but still within the Friday's range so likely it's a range day.
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Re: 08/02/2021 Live Update

Postby JFR » Mon Aug 02, 2021 8:43 am

SPY 15. Up over the Friday close.
Last edited by JFR on Mon Aug 02, 2021 11:07 pm, edited 1 time in total.
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Re: 08/02/2021 Live Update

Postby JFR » Mon Aug 02, 2021 9:32 am

SPY 5. Gap up.


2021-08-02_06-31-54.png
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Re: 08/02/2021 Live Update

Postby JFR » Mon Aug 02, 2021 9:36 am

Alternatives. 1 minute charts. Ups and downs.


2021-08-02_06-35-15.png
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Re: 08/02/2021 Live Update

Postby Al_Dente » Mon Aug 02, 2021 9:36 am

SMH Semiconductors gap up to ATH
UPDATE ON THE SEMICOMDUCTOR SHORTAGE, 7/31
Commentary from top automakers who report semiconductor shortages will continue to constrain production. 
[via Goldman Sachs chief economist Jan Hatzius]
https://cms.zerohedge.com/s3/files/inli ... k=ahDyisK6
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Re: 08/02/2021 Live Update

Postby JFR » Mon Aug 02, 2021 9:40 am

Dow leaders. 1 minute.

Will check back later ...


2021-08-02_06-39-20.png
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Re: 08/02/2021 Live Update

Postby BruceD1beach » Mon Aug 02, 2021 9:54 am

now for the dip
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Re: 08/02/2021 Live Update

Postby Cobra » Mon Aug 02, 2021 10:01 am


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Re: 08/02/2021 Live Update

Postby Cobra » Mon Aug 02, 2021 10:03 am

It's a morning hourly filled black bar
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Re: 08/02/2021 Live Update

Postby Al_Dente » Mon Aug 02, 2021 10:15 am

AD = 3.5x favoring bulls
$NYADV:$NYDEC
$NYUPV:$NYDNV
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Re: 08/02/2021 Live Update

Postby Al_Dente » Mon Aug 02, 2021 10:22 am

call buyers are absent at the moment
82calls.png.jpg
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Re: 08/02/2021 Live Update

Postby Cobra » Mon Aug 02, 2021 10:39 am

The pullback probably means it's just a range day as I see it still has some downside.
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Re: 08/02/2021 Live Update

Postby Al_Dente » Mon Aug 02, 2021 10:39 am

MS another ATH
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Re: 08/02/2021 Live Update

Postby Al_Dente » Mon Aug 02, 2021 10:41 am

$INDU
ATH
pls double check
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Re: 08/02/2021 Live Update

Postby Mr. BachNut » Mon Aug 02, 2021 10:49 am

The NYMO cycle is confirmed up.
We have had steady higher highs and lows over the last several trading sessions.
Interestingly, price has been flattish in spite of this.

We now have 13 open gaps to the downside.
Generally, Mr. Market likes to close a few before making much more.

The keltner bands continue to narrow.
They can continue to compress (up to 50 handles??), but it is fair to anticipate an expansion before year-end.
Perhaps the bulls will stampede, but a test of the 200 MA (or more) would also serve to widen things out.

I am flat and will be enjoying the summer for awhile.
Plan to do nothing unless I see something truly inspiring... :lol:

NYMO 080221.jpg
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Re: 08/02/2021 Live Update

Postby ccash04 » Mon Aug 02, 2021 10:59 am

10 yr yield sliding now down firmly below 1.20%... Not a risk on signal
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Re: 08/02/2021 Live Update

Postby Cobra » Mon Aug 02, 2021 11:36 am

Maybe it's a triangle here, so bias is a little bit (51%) up.
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Re: 08/02/2021 Live Update

Postby Cobra » Mon Aug 02, 2021 12:06 pm


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Re: 08/02/2021 Live Update

Postby Cobra » Mon Aug 02, 2021 12:07 pm

Support area plus volume surge so might be a rebound here first then we'll see, probably another leg down?
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Re: 08/02/2021 Live Update

Postby Cobra » Mon Aug 02, 2021 1:29 pm

Double top may have chances here.
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