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12/07/2021 Live Update

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Cobra
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12/07/2021 Live Update

Post by Cobra »

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A little resistance here but shouldn't be a problem. This bull shall have legs.

Gap up above the yesterday's high so likely it's a trend day either up or down.
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JFR
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Re: 12/07/2021 Live Update

Post by JFR »

ES daily. Breaking out of the range. Pushing up hard past the EMA 20.

2021-12-07_05-53-16.png
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JFR
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Re: 12/07/2021 Live Update

Post by JFR »

ES 60 minutes. Strong move up to pivot R2, resistance, which puts a brake on things.

2021-12-07_05-55-23.png
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JFR
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Re: 12/07/2021 Live Update

Post by JFR »

SPY 15. Up well above the previous close. Two pbars like tracer bullets aimed back at the close.

2021-12-07_05-58-41.png
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JFR
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Re: 12/07/2021 Live Update

Post by JFR »

ES 5 minutes. Test down beneath support, from a tight range, and back up. Pivot R2 above. Pivot R1 well below.

2021-12-07_06-30-36.png
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JFR
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Re: 12/07/2021 Live Update

Post by JFR »

USO 5 minutes up, as are many other ETFs. Can't stay today. Might check back later. Have a good one.

2021-12-07_06-34-31.png
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Cobra
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Re: 12/07/2021 Live Update

Post by Cobra »


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Al_Dente
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Re: 12/07/2021 Live Update

Post by Al_Dente »

GS says "this the last two weeks saw that "largest 10-day net selling in US equities since Apr ’20 led by Macro Products as well as Info Tech/Consumer Disc stocks"
"GS Prime found that the selling of US stocks - which made up more than 85% of the global $ net selling (-1.4 SDs) - was driven almost entirely by short sales and to a lesser extent long sales (9 to 1)...
And zh calls today a "Massive Hedge Fund Short Squeeze"

A bit longer term, SentimenTrader peeks under the kimono and doesn't like what it sees
specifically in the Summation Index
https://www.sentimentrader.com/blog/tra ... 1366687428
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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BullBear52x
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Re: 12/07/2021 Live Update

Post by BullBear52x »

when $VIX is high market become amazing for day trade, the key is can you be in the right side of the trend for the day. then and now.
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BullBear52x
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Re: 12/07/2021 Live Update

Post by BullBear52x »

Daily trend following setup, the next rip will be sold. not there yet.
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Al_Dente
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Re: 12/07/2021 Live Update

Post by Al_Dente »

Intraday, some sectors
For the first time in a month, Biotechs (XBI, LABU) are catching a bid
Screenshot 2021-12-07 084339.jpg
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Trades w 2 Cats
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Re: 12/07/2021 Live Update

Post by Trades w 2 Cats »

Short squeeze rally today should be outstanding for the ARK funds.
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Re: 12/07/2021 Live Update

Post by Trades w 2 Cats »

MES 03-22 (1300 Tick) 2021_12_07 (10_26_07 AM).png
My fast chart struggling with the EMA. Too soon to call a top, but the potential is there.
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Al_Dente
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Re: 12/07/2021 Live Update

Post by Al_Dente »

AMC, the largest holding in IWM smalls, is trying to confirm an inverse H&S
Screenshot 2021-12-07 092901.jpg
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JFR
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Re: 12/07/2021 Live Update

Post by JFR »

BLDR. From one of my lists. Not a recommendation; needs more investigation.

Later ...

Screenshot_20211207_082916.jpg
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Cobra
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Re: 12/07/2021 Live Update

Post by Cobra »

Uptrend day is not officially confirmed until breakout to the new day high. I think it's an uptrend day just likely the most up part was done.
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Cobra
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Re: 12/07/2021 Live Update

Post by Cobra »


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BullBear52x
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Re: 12/07/2021 Live Update

Post by BullBear52x »

Intraday Buy dip coupon, last buy, bears will have no chance until this buy fails.
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blufftrader
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Re: 12/07/2021 Live Update

Post by blufftrader »

The Hindenburg omen indicator will be negated today if the McClellan Oscillator closes above 0 (currently at 27.33 Think or Swim), 4 signals started 11/17/21 on NYA. Plus if we get 8/1 or greater up volume/down volume on NYA it will trigger a long term buy signal.... Combine the two could trigger short covering plus fresh buying.
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Cobra
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Re: 12/07/2021 Live Update

Post by Cobra »


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