Back to www.cobrasmarketview.com

05/24/2021 Live Update

User avatar
Cobra
Site Admin
Posts: 58335
Joined: Sat Feb 12, 2011 10:29 pm

05/24/2021 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 info@cobrasmarketview.com.
========================================================================================================================================================================

It's the 4th test of the line, unlikely will hold so breakout is likely.

Big gap up so could be a trend day either up or down.
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.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/24/2021 Live Update

Post by JFR »

SPY 15. Up a bit. A lot of chop Friday. All calm so far today. Ready for action.

Screenshot_20210524_060602.jpg
Charts posted are not recommendations. They are just a sharing of information.
1der
Posts: 656
Joined: Thu Mar 24, 2011 4:03 pm

Re: 05/24/2021 Live Update

Post by 1der »

Pbar from this morning (high of the bar 417.04/ low 416.40) and the one from last Friday afternoon (low is 414.94) fwiw
FE66A40C-3F35-4B30-85A0-4E19466C6092.png
3467FDC5-7DE1-43ED-978C-52F96AB4784F.png
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/24/2021 Live Update

Post by JFR »

Dow 30. Whole lotta green. MSFT leading. Frequent leader/laggard BA at the bottom.

2021-05-24_06-31-43.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: 05/24/2021 Live Update

Post by JFR »

ES daily. Up off the EMA 20. No quit in the bulls.

2021-05-24_06-44-56.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
Cobra
Site Admin
Posts: 58335
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/24/2021 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
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/24/2021 Live Update

Post by JFR »

SPY 5. Hitting the brakes, for the time being.

2021-05-24_07-11-23.png
Charts posted are not recommendations. They are just a sharing of information.
Trades w 2 Cats
Posts: 1694
Joined: Tue Dec 15, 2020 3:48 pm

Re: 05/24/2021 Live Update

Post by Trades w 2 Cats »

Do or die time for bulls as we test 91 area.
User avatar
Cobra
Site Admin
Posts: 58335
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/24/2021 Live Update

Post by Cobra »

Keeps charging up with good looking bull bar then it's an uptrend day. At least now should be safe to say this bull shall have legs.
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: 1694
Joined: Tue Dec 15, 2020 3:48 pm

Re: 05/24/2021 Live Update

Post by Trades w 2 Cats »

2nd test at 97.
User avatar
Cobra
Site Admin
Posts: 58335
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/24/2021 Live Update

Post by Cobra »

Uptrend day not confirmed but breakout from here in the next couple of bars with good looking bull bar then it's an uptrend day. I see consolidation here so a breakout should be a little 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: 05/24/2021 Live Update

Post by Al_Dente »

HAPPY 80th BIRTHDAY TO BOB DYLAN !!
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58335
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/24/2021 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
Cobra
Site Admin
Posts: 58335
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/24/2021 Live Update

Post by Cobra »

The pullback should be bought.
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: 05/24/2021 Live Update

Post by JFR »

SPY 5. Riding the EMA 20. ''Ridin' along in my automobile ... ''

Screenshot_20210524_095332.jpg
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: 05/24/2021 Live Update

Post by Al_Dente »

Tuesday, May 25th
9:00 AM: S&P/Case-Shiller House Price Index for March.
10:00 AM: New Home Sales for April from the Census Bureau.
10:00 AM: Richmond Fed Survey of Manufacturing Activity for May.
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: 05/24/2021 Live Update

Post by Al_Dente »

“Based on this chart pullbacks only come when the Fed temporarily stops expanding or slightly reduces the balance sheet. New highs follow once the Fed's balance sheet makes new highs. $SPX is in essence a Fed balance sheet tracker.
[Northman Trader]
FED northman 524.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58335
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/24/2021 Live Update

Post by Cobra »

Bulls should have earned another "the pull should be bought" status, aka this bull shall have legs.
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: 05/24/2021 Live Update

Post by JFR »

From autochartist.

Channel Up for the S&P.

Have a good afternoon.

2021-05-24_11-57-09.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
Cobra
Site Admin
Posts: 58335
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/24/2021 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.
Post Reply