Back to www.cobrasmarketview.com

03/31/2021 Live Update

User avatar
BullBear52x
Posts: 29488
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/31/2021 Live Update

Post by BullBear52x »

Okay, I think it is overbought enough, time to change direction. hop on counter trend bear train now.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
Trades w 2 Cats
Posts: 1690
Joined: Tue Dec 15, 2020 3:48 pm

Re: 03/31/2021 Live Update

Post by Trades w 2 Cats »

Thanks Pasta Boss- This sounds a lot more passable than the rumored 4 trillion wish list. See how $PAVE does.
User avatar
BullBear52x
Posts: 29488
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/31/2021 Live Update

Post by BullBear52x »

ES, RSI of 1, 5, 30, 60min. are all over 70, I can feel 5 to 10 handles on the down side from here.
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: 03/31/2021 Live Update

Post by Al_Dente »

Trades w 2 Cats wrote:Thanks Pasta Boss- This sounds a lot more passable than the rumored 4 trillion wish list. See how $PAVE does.
:D
Industrials, PAVE, and materials, 4 hr chart
[Recall that PAVE is 65% industrials and 21% materials]
[Be wary of possible "buy the rumor, sell the news"]
331 indu pave material.png.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: 03/31/2021 Live Update

Post by Al_Dente »

[add]
PAVE is 65% industrials and 21% materials, and guess what: Information Technology is 5%.
Total 92%
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
BullBear52x
Posts: 29488
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/31/2021 Live Update

Post by BullBear52x »

Last buy for today.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/31/2021 Live Update

Post by Cobra »

It's the very first test of EMA20 in 2+ hours, watch for long setup which sometimes might be just good for a scalp though. Actually it's a H2 long setup now.
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
BullBear52x
Posts: 29488
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/31/2021 Live Update

Post by BullBear52x »

come on bulls need gas Money.
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: 03/31/2021 Live Update

Post by Al_Dente »

Al_Dente wrote:[add]
PAVE is 65% industrials and 21% materials, and guess what: Information Technology is 5%.
Total 92%
more on PAVE:
3/31/21 approximately 101 holdings, expense ratio is 0.47% which is high, 100% U.S. companies even though “Global” is in the title.
Top holdings: DE (weight 3.2% with all other holdings less than that, so no crazy overweight stuff), PH, NSC, ETN, EMR, SRE, TT, VMC, UNP, CSX and more.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
BullBear52x
Posts: 29488
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/31/2021 Live Update

Post by BullBear52x »

Got stopped out, well, end the month with high note on SPX, will be back next week. GLTA.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
JFR
Posts: 10092
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/31/2021 Live Update

Post by JFR »

DIA recovered from deep dive, now slipping beneath the EMA 20. IWM nice move up, testing down beneath the EMA 20. QQQs and SPY strong days, now testing down beneath the EMA 20.

2021-03-31_11-14-14.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/31/2021 Live Update

Post by Al_Dente »

Effective tomorrow, 4/1/31, XLY “The Discretionary Sector” shall be known as “The AMZN TSLA Sector”
Just kidding, April Fool’s.
True story: AMZN is 23% of xly and TSLA is 13% and HD is 9% (total = 45%)
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: 03/31/2021 Live Update

Post by Al_Dente »

More on DISCRETIONARY XLY
Quite a difference when you use RCD equal-weight discretionary
Problem is XLY is a main sector that is referenced by all
But I believe RCD tells the “real” story
Daily
331rcd.png.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
JFR
Posts: 10092
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/31/2021 Live Update

Post by JFR »

Some Dow stocks doing well today.

2021-03-31_11-31-53.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10092
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/31/2021 Live Update

Post by JFR »

Some Dow stocks taking hits today.

2021-03-31_11-34-57.png
Charts posted are not recommendations. They are just a sharing of information.
Trades w 2 Cats
Posts: 1690
Joined: Tue Dec 15, 2020 3:48 pm

Re: 03/31/2021 Live Update

Post by Trades w 2 Cats »

If you have some time after the close how about a zoom conference with a real heavy hitter (he has a Forbes column, I don't).
Dr Brett Steenbarger


FINAL NOTICE: In 2 hours,
@futuresio
will be hosting
@steenbab
and I on a panel "What you want to know but are afraid to ask" about trading @ 4:30 PM EST today! #ES_F #futures #Trading

Link issue fixed. Please RT.

Register here:
http://ft71.com/fiomarch2021zoom
Trades w 2 Cats
Posts: 1690
Joined: Tue Dec 15, 2020 3:48 pm

Re: 03/31/2021 Live Update

Post by Trades w 2 Cats »

I will put up the link for the video recording when it starts circulating in a day or two (as in Monday).
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/31/2021 Live Update

Post by Cobra »

Lower high so the high was in for today? Just a reminder to watch.
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.
Trades w 2 Cats
Posts: 1690
Joined: Tue Dec 15, 2020 3:48 pm

Re: 03/31/2021 Live Update

Post by Trades w 2 Cats »

MES 06-21 (950 Tick) _ ES 06-21 (2000 Tick) 2021_03_31 (1_49_49 PM).png
End of Month, end of Quarter, three day weekend. Power hour could be exciting. But my chart says if 3975 does not hold it is out of the channel and a sell off into the close. Or more likely just a drop to build energy for a big push finish.

What ever happens Monday will be a new chapter.
Trades w 2 Cats
Posts: 1690
Joined: Tue Dec 15, 2020 3:48 pm

Re: 03/31/2021 Live Update

Post by Trades w 2 Cats »

Evil thought for next month. Kathy's new fund SPACE is starting to trade. Evil site says it is just mostly usual QQQ stuff like Netflix with only one actual space stock. Will be fun to see after 30 days if there is an arbitrage opportunity. Looking to put on some hedged positions before summer doldrums hit.
Post Reply