Back to www.cobrasmarketview.com

06/29/2022 Live Update

User avatar
Cobra
Site Admin
Posts: 58343
Joined: Sat Feb 12, 2011 10:29 pm

06/29/2022 Live Update

Post by 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 cobra@cobrasmarketview.com.
=============================================================================================================================================================================

Consolidation overnight, breakdown is more likely.
Attachments
ES60min.png

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.
cletus
Posts: 1445
Joined: Wed Feb 16, 2011 10:45 am

Re: 06/29/2022 Live Update

Post by cletus »

Cletus open notes:

1) H&S bottom pattern looks canceled because this pullback started much too early for that bull case.
2) Maybe a retest of the low to gap fill but still don't think any major leg down has started
3) Holiday seasonality is now the bull's best chance to rally back up to fill the gap at 397
4) Dip buying is still the higher odds trade, or holding existing longs
5) A big up day is not required for bulls but an up day really needs to be in place by the close to start to push higher again, otherwise I assume a full re-test of the lows has begun
koolblue
Posts: 970
Joined: Wed Feb 16, 2011 6:03 pm

Re: 06/29/2022 Live Update

Post by koolblue »

The open.png
8-)
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 06/29/2022 Live Update

Post by BullBear52x »

fearful market.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2022 Live Update

Post by Al_Dente »

READ THIS:
"How a massive options trade by a JP Morgan fund can move markets"
3620
https://www.reuters.com/markets/us/how- ... 022-06-28/
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58343
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/29/2022 Live Update

Post by Cobra »


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.
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 06/29/2022 Live Update

Post by BullBear52x »

damage already done. a new LL today will seal the deal for bears.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Cobra
Site Admin
Posts: 58343
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/29/2022 Live Update

Post by Cobra »

Breakout is a little bit more likely.
Attachments
1.png

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.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2022 Live Update

Post by Al_Dente »

Half-year rebalancing chart
Oy, rebalance that!
Screenshot 2022-06-29 080352.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2022 Live Update

Post by Al_Dente »

6/28 Charlie McElligott, Nomura
Everyone Is Waiting For This "Final" Shoe To Drop Before The All-Clear Signal......... negative earnings revision “clearing” event, is the "final" shoe to drop...a flush down to 3300-3400 is the perceived “all-clear”
Yesterday [6/27] saw the resumption of the “recession trade” in US Equities: 1) Energy 2) Utilities 3) Healthcare 4) Staples, which tells you that the said economic contraction concerns are driving the ongoing “Defensive” “Low Risk” ... posture.

6/28 How Goldman suggests you position for the coming earnings crash: We continue to recommend investors focus on stocks where they can be relatively confident in the forward trajectory of earnings, including firms with stable growth and the Health Care sector, which has grown earnings in each of the last several recessions."

[NOTE BOTH FORECASTS ARE BASED ON FUNDAMENTALS - earnings will be bad]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58343
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/29/2022 Live Update

Post by Cobra »


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.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2022 Live Update

Post by Al_Dente »

Four of the five big-cap techs (not googl) are in the top intraday performers of the OEX-100 today
Screenshot 2022-06-29 090612.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
koolblue
Posts: 970
Joined: Wed Feb 16, 2011 6:03 pm

Re: 06/29/2022 Live Update

Post by koolblue »

5 min.png
:o 8-) :roll:
cletus
Posts: 1445
Joined: Wed Feb 16, 2011 10:45 am

Re: 06/29/2022 Live Update

Post by cletus »

Cletus close notes - a little early but I've seen enough at this point:

1) Bulls did not really do much in terms of reversals. A re-test down to 3,650, although it's hard to believe with pessimism so high, appears to be approaching a higher odds scenario
2) Retail pessimism is through the roof so I absolutely would not under any circumstances try a short position here. If we re-test the lows, I'd be thinking double bottom. Holding long positions here.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2022 Live Update

Post by Al_Dente »

BEAR TAXI.jpg
Screenshot 2022-06-29 094346.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
brokebybernacke2
Posts: 1955
Joined: Wed Sep 21, 2011 10:10 am

Re: 06/29/2022 Live Update

Post by brokebybernacke2 »

cletus wrote:Cletus close notes - a little early but I've seen enough at this point:

1) Bulls did not really do much in terms of reversals. A re-test down to 3,650, although it's hard to believe with pessimism so high, appears to be approaching a higher odds scenario
2) Retail pessimism is through the roof so I absolutely would not under any circumstances try a short position here. If we re-test the lows, I'd be thinking double bottom. Holding long positions here.

best shot for a down move here in sometime imo, no one really hedged. gaps stayin open for this long unusual, odd.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 06/29/2022 Live Update

Post by JFR »

ES daily. Down to a support level. Beneath the EMA 20.

2022-06-29_10-17-15.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
Cobra
Site Admin
Posts: 58343
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/29/2022 Live Update

Post by Cobra »

The line below might not hold another test.
Attachments
1.png

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.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 06/29/2022 Live Update

Post by JFR »

ES 5 minutes. A whole lotta chop. Nasty. Looks like a buzz saw for your money.

2022-06-29_10-19-56.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 06/29/2022 Live Update

Post by JFR »

Dow 30. About even between the greens and the reds. MCD, HD and GS leading.

CAT, HON and AXP trailing.

2022-06-29_10-26-25.png
Charts posted are not recommendations. They are just a sharing of information.
Post Reply