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06/04/2021 Live Update

06/04/2021 Live Update

Postby Cobra » Fri Jun 04, 2021 8:45 am

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We probably in a range here. Now trying to make to the range high. A sudden big bar must be Non Farm Payroll report, must be not good, otherwise it should go down.

Gap up above the yesterday's high so could be a trend day, either up or down.

ES60min.png

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Re: 06/04/2021 Live Update

Postby JFR » Fri Jun 04, 2021 8:52 am

SPY 15. Up from yesterday's close.


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Re: 06/04/2021 Live Update

Postby JFR » Fri Jun 04, 2021 8:54 am

ES daily. Up off the EMA 20. Inside bar. Extending the base.


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Re: 06/04/2021 Live Update

Postby JFR » Fri Jun 04, 2021 9:33 am

Dow 30. Quiet opening, mostly green.


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Re: 06/04/2021 Live Update

Postby JFR » Fri Jun 04, 2021 9:50 am

QQQ 5 min. Stuff is flying off the shelf. Ha ha.


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Re: 06/04/2021 Live Update

Postby JFR » Fri Jun 04, 2021 9:52 am

DIA IWM QQQ SPY.


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Re: 06/04/2021 Live Update

Postby JFR » Fri Jun 04, 2021 9:55 am

Alternatives. Ups: DBC, IAU, SPYG, TLT, USO. Flat: IYR, SPYV, Downer: UUP.


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Re: 06/04/2021 Live Update

Postby Cobra » Fri Jun 04, 2021 9:58 am


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Re: 06/04/2021 Live Update

Postby JFR » Fri Jun 04, 2021 10:03 am

SPYG doing well. Couple of scalps (ES, NQ) on my belt. Cleaned up a couple of overnight stock holdings. The markets are active so far. Time for a break ...

Gheez, NQ is shooting up. Hold that break.


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Re: 06/04/2021 Live Update

Postby te_fern » Fri Jun 04, 2021 10:04 am

JFR wrote:QQQ 5 min. Stuff is flying off the shelf. Ha ha.


Think I'm going to walk away for a few, hard to buy after something has already run up!! LOL!
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Re: 06/04/2021 Live Update

Postby JFR » Fri Jun 04, 2021 10:06 am

te_fern wrote:
JFR wrote:QQQ 5 min. Stuff is flying off the shelf. Ha ha.


Think I'm going to walk away for a few, hard to buy after something has already run up!! LOL!


Wait for a mini pullback, pause. Taking a break.
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Re: 06/04/2021 Live Update

Postby te_fern » Fri Jun 04, 2021 10:09 am

Have to wait on the leveraged shorts to start moving up...... Watching LABD.
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Re: 06/04/2021 Live Update

Postby te_fern » Fri Jun 04, 2021 10:11 am

Watching the resistance line and would like the MA lines to move up...
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Re: 06/04/2021 Live Update

Postby te_fern » Fri Jun 04, 2021 10:24 am

Slowly moving higher....
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Re: 06/04/2021 Live Update

Postby JFR » Fri Jun 04, 2021 10:24 am

https://www.washingtonpost.com/business ... -shortage/

Later ...


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Re: 06/04/2021 Live Update

Postby te_fern » Fri Jun 04, 2021 10:27 am

Bad part of playing the short side, you have to stay nimble, fell through support....
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Re: 06/04/2021 Live Update

Postby Trades w 2 Cats » Fri Jun 04, 2021 10:35 am

Gotta love Amazon Media. Expectations were for 675,000 jobs, so reality is a big miss but not the way they spun it. The gas lighting will continue until we all think the economy is great.
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Re: 06/04/2021 Live Update

Postby Cobra » Fri Jun 04, 2021 10:36 am

Breakout to the new day high with good looking bull bar in the next couple of bars then it's an uptrend day.
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Re: 06/04/2021 Live Update

Postby JFR » Fri Jun 04, 2021 10:49 am

https://www.washingtonpost.com/business ... -shortage/

''The U.S. economy added 559,000 jobs in May, the latest sign of a strengthening recovery as vaccinations rise and covid restrictions ease nationwide.

The unemployment rate dropped slightly from 6.1 percent to 5.8 percent, according to the monthly report, from the Bureau of Labor Statistics.''

''Economists interviewed by The Washington Post characterized the report as a positive one, but cautioned that there were signs that a tight labor market was continuing to weigh on rehiring.

Drew Matus, chief market strategist for MetLife Investment Management, pointed to both the rising wages and the labor force participation rate, which ticked down 0.1 of a percentage point in May and remains well below its pre-pandemic level.''

''Andrew Hollenhorst, chief U.S. economist for Citi, echoed similar themes.

“The shortage story is coming through very clearly what you’re seeing in wages and participation,” he said. “That clearly is holding back hiring.”''


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Re: 06/04/2021 Live Update

Postby Al_Dente » Fri Jun 04, 2021 10:56 am

Bulls, Bears, Apes
Translation: Apes are the meme stonk traders (perjoratively described as “dumb money”), currently laser focused on a hopeful AMC squeeze TODAY … buying shares (and all talk about their stop loss), and/or long calls (OTM calls expiring today… all know their max loss is the premium paid). They are not talking at all about spy or the market; they are laser focused on one-minute charts of AMC, GME, BB etc…..

YESTERDAY: “Jefferies Prime Brokerage Suspends Short Sales In AMC, GameStop And MicroVision” [Bloomberg]
“Until further notice, Jefferies Prime Brokerage will no longer offer custody on naked options in GME, AMC and MVIS .... The firm will no longer allow the execution of short sells of those securities... other stocks may be added to that list.

TODAY: Ameritrade imposes restrictions…. I don’t have details...
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