Page 1 of 4

03/31/2021 Live Update

PostPosted: Wed Mar 31, 2021 8:35 am
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 info@cobrasmarketview.com.
========================================================================================================================================================================

Seems we have a price channel here, so the current move should be toward the channel upper boundary?

Gap up within the yesterday's range so likely it's just a range day.

Re: 03/31/2021 Live Update

PostPosted: Wed Mar 31, 2021 8:54 am
by JFR
ES daily. Forming a base. At the top.


2021-03-31_05-53-06.png

Re: 03/31/2021 Live Update

PostPosted: Wed Mar 31, 2021 9:29 am
by JFR
SPY 15, extended hours. Quiet overnight.


2021-03-31_06-28-51.png

Re: 03/31/2021 Live Update

PostPosted: Wed Mar 31, 2021 9:33 am
by JFR
SPY 1. Moving up out of the gate. Good scalping, but it won't continue.


2021-03-31_06-32-32.png

Re: 03/31/2021 Live Update

PostPosted: Wed Mar 31, 2021 9:34 am
by BullBear52x
Buy day today, wait for dip entry. market open too strong.

Re: 03/31/2021 Live Update

PostPosted: Wed Mar 31, 2021 9:35 am
by JFR
SPY 1. Down she goes. It might be a lively day.


2021-03-31_06-34-30.png

Re: 03/31/2021 Live Update

PostPosted: Wed Mar 31, 2021 9:37 am
by JFR
SPY 1. The bulls are strong. News flash: "The rich have money. And the poor have RobinHood."


2021-03-31_06-36-47.png

Re: 03/31/2021 Live Update

PostPosted: Wed Mar 31, 2021 9:50 am
by Trades w 2 Cats
MES 06-21 (950 Tick) _ ES 06-21 (2000 Tick) 2021_03_31 (8_45_29 AM).png

I am looking at a three up wave pattern. If I squint hard enough I can see a completed Elliot wave 5 wave move up, so we are "supposed" to have an ABC up here while the market thinks about it's next move.

That blue trend line is the bottom of a channel that formed yesterday on the afternoon advance. Turned into the top line during the night.

Re: 03/31/2021 Live Update

PostPosted: Wed Mar 31, 2021 10:03 am
by JFR
SPY 1. So WTF, bulls. What was the little run up about? Just having fun? I scalped once too often on the way up. Ya know, ya get excited. Gawd.


2021-03-31_07-00-31.png

Re: 03/31/2021 Live Update

PostPosted: Wed Mar 31, 2021 10:04 am
by Trades w 2 Cats
Historical footnote. My personal sanity has been returned. The last couple of years I thought I was loosing it because my views of the market were not working. Now, we find out that it was just normal, a market Jesse Livermore would have understood. I am so relived to learn that the prime brokers were simply funding a delusional billionaire (SoftBank options manipulation) and , at least so far, two huge con man frauds (Greensill and Archegos Capital).

I shed no tears for Credit Susie and the rest of the group who they say have lost 10 billion by enabling a convicted swindler to manipulate markets while hiding from regulators. I would remind you of President Andrew Jacksons speech to congress when he dissolved the Second National Bank of the US.

An as usual thoughtful piece by Ben Hunt
https://www.epsilontheory.com/a-tiger-c ... 7U.twitter

Re: 03/31/2021 Live Update

PostPosted: Wed Mar 31, 2021 10:07 am
by Cobra

Re: 03/31/2021 Live Update

PostPosted: Wed Mar 31, 2021 10:17 am
by JFR
Dow down. Russell up then holding pattern. QQQ up. SPY up then holding.


2021-03-31_07-16-15.png

Re: 03/31/2021 Live Update

PostPosted: Wed Mar 31, 2021 10:23 am
by ccash04
Not sure I understand the rush to pile into Nasdaq names.. Overvalued is the new undervalued?!

Re: 03/31/2021 Live Update

PostPosted: Wed Mar 31, 2021 10:25 am
by JFR
ES has settled into a tight, little range. Taking a break ... Might eat some chocolate. Ha ha


2021-03-31_07-23-49.png

Re: 03/31/2021 Live Update

PostPosted: Wed Mar 31, 2021 10:36 am
by te_fern
JFR wrote:ES has settled into a tight, little range. Taking a break ... Might eat some chocolate. Ha ha


2021-03-31_07-23-49.png


Don't go crazy on us JFR!! LOL! :D

Re: 03/31/2021 Live Update

PostPosted: Wed Mar 31, 2021 10:41 am
by Al_Dente
rare squeeze in TQQQ
5min
331squeeze q.png.jpg

Re: 03/31/2021 Live Update

PostPosted: Wed Mar 31, 2021 10:45 am
by Cobra
The breakout could mean it's an uptrend day, bears beware.

Re: 03/31/2021 Live Update

PostPosted: Wed Mar 31, 2021 10:57 am
by Al_Dente
331key.png.jpg

Re: 03/31/2021 Live Update

PostPosted: Wed Mar 31, 2021 11:06 am
by Al_Dente
FWIW
All Tech sectors combined (Information tech, Communication Services, and maybe Consumer Discretionary as it’s tech heavy) add up to 49% of SPY

Re: 03/31/2021 Live Update

PostPosted: Wed Mar 31, 2021 11:09 am
by JFR
...