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05/10/2021 Live Update

05/10/2021 Live Update

Postby Cobra » Mon May 10, 2021 8:40 am

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Lower high or not, wait and see.

Small gap up, so probably just a range day, either up or down.
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Re: 05/10/2021 Live Update

Postby JFR » Mon May 10, 2021 8:54 am

SPY 15. Very quiet so far. Small bars. No chop. Very small shadows. Where did all the volatility go? Oh yeah, go away in May. We live by slogans.


Screenshot_20210510_055412.jpg
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Re: 05/10/2021 Live Update

Postby te_fern » Mon May 10, 2021 9:16 am

If you are interested in some great references for continuing education on the stock market, check out this past weekend's blog here on Cobra's site. Some great posts to follow up on!!
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Re: 05/10/2021 Live Update

Postby JFR » Mon May 10, 2021 9:31 am

ES daily. Just beneath the high. Small bar so far.


2021-05-10_06-29-31.png
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Re: 05/10/2021 Live Update

Postby Al_Dente » Mon May 10, 2021 9:32 am

note XLE and ERX breakout above what was a potential double top
on the daily chart
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Re: 05/10/2021 Live Update

Postby te_fern » Mon May 10, 2021 9:45 am

Watching, the pullback maybe an opportunity...
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Re: 05/10/2021 Live Update

Postby BullBear52x » Mon May 10, 2021 9:50 am

H&S
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Re: 05/10/2021 Live Update

Postby Al_Dente » Mon May 10, 2021 9:53 am

So the dow is up 224 points while spx qqq and iwm are down and internals are weak


BUBBLE TOY:
This example is the dow in bubble view. Hover over a bubble for a chart, current today, but there may be a few minutes delay
https://finviz.com/bubbles.ashx?x=secto ... or&idx=dji
Last edited by Al_Dente on Mon May 10, 2021 9:58 am, edited 1 time in total.
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Re: 05/10/2021 Live Update

Postby BullBear52x » Mon May 10, 2021 9:53 am

Failed here 4170 is down target.
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Re: 05/10/2021 Live Update

Postby Cobra » Mon May 10, 2021 10:03 am


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Re: 05/10/2021 Live Update

Postby Cobra » Mon May 10, 2021 10:04 am

It's a morning hourly filled black bar.
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Re: 05/10/2021 Live Update

Postby BullBear52x » Mon May 10, 2021 10:05 am

Now or never for bears.
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Re: 05/10/2021 Live Update

Postby JFR » Mon May 10, 2021 10:05 am

Dow 30. A lot of ups. INTC has been struggling for a couple of weeks (have not checked the news.)


2021-05-10_07-04-34.png
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Re: 05/10/2021 Live Update

Postby JFR » Mon May 10, 2021 10:08 am

As Pasta Boss noted.


2021-05-10_07-07-14.png
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Re: 05/10/2021 Live Update

Postby JFR » Mon May 10, 2021 10:11 am

Alternatives. DBC, TLT and SPYG down. IAU, IYR, SPYV up. USO schizo up then down. UUP flattening.


2021-05-10_07-09-23.png
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Re: 05/10/2021 Live Update

Postby JFR » Mon May 10, 2021 10:14 am

PFG, PGR and PNR are doing well today. Taking a break ...


2021-05-10_07-13-50.png
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Re: 05/10/2021 Live Update

Postby BullBear52x » Mon May 10, 2021 10:25 am

At this point, the market need no bad news to fall. it will fall on its own weight. :twisted:
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Re: 05/10/2021 Live Update

Postby BullBear52x » Mon May 10, 2021 10:35 am

Made in USA. tech and Semi-conductors.
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Re: 05/10/2021 Live Update

Postby Trades w 2 Cats » Mon May 10, 2021 10:41 am

MES 06-21 (950 Tick) _ ES 06-21 (2000 Tick) 2021_05_10 (9_38_31 AM).png

2 standard deviations is a bit over 11 points (based on rotations for the last 30 days or so), so I am calling 2 impulsive waves down so far.
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Re: 05/10/2021 Live Update

Postby Cobra » Mon May 10, 2021 10:43 am

Some supports here. Need decisive breakdown to make downtrend day possible. Right now still looks like a range day.
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