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06/10/2021 Live Update

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Cobra
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06/10/2021 Live Update

Post by Cobra »

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The very long lower shadow after the inflation data actually confirmed the range low, so now we have the range high and low.

Small gap down so likely just a range day.
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Al_Dente
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Re: 06/10/2021 Live Update

Post by Al_Dente »

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in May on a seasonally adjusted basis after rising 0.8 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.0 percent before seasonal adjustment; this was the largest 12-month increase since a 5.4-percent increase for the period ending August 2008

In the week ending June 5, the advance figure for seasonally adjusted initial unemployment claims was 376,000, a decrease of 9,000 from the previous week's unrevised level of 385,000. This is the lowest level for initial claims since March 14, 2020 when it was 256,000.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades w 2 Cats
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Re: 06/10/2021 Live Update

Post by Trades w 2 Cats »

MES 06-21 (950 Tick) _ ES 06-21 (2000 Tick) 2021_06_10 (8_20_34 AM).png
I am staying with existing contract switching in Monday.
1der
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Re: 06/10/2021 Live Update

Post by 1der »

Anyone checked the price of a used pickup truck lately? :o

"Used cars and truck prices continued their climb higher, rising 7.3% on the month and 29.7% for the past 12 months. The new vehicles index increased 1.6%, its biggest-single month gain since October 2009 and was up 3.3% for the 12-month period, the highest move since November 2011.

However, the energy index was about flat for the month despite the huge run-up in gasoline prices this year, while the food index repeated its April rise of 0.4%.

The gasoline index is up 56.2% over the past year, part of an overall 28.5% increase in energy during the period. Food prices have remained comparatively tame, up 2.2% for the 12-month period."
Source: CNBC
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JFR
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Re: 06/10/2021 Live Update

Post by JFR »

SPY 5. Up from yesterday's close.

2021-06-10_07-05-59.png
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Cobra
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Re: 06/10/2021 Live Update

Post by Cobra »


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JFR
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Re: 06/10/2021 Live Update

Post by JFR »

Dow 30. Almost all green. WBA leading. NKE trailing.

2021-06-10_07-08-18.png
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Al_Dente
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Re: 06/10/2021 Live Update

Post by Al_Dente »

Finally turtle SEC yesterday decided to investigate HFT abuses, focusing on “payment for order flow”
https://www.zerohedge.com/markets/sec-l ... to+zero%29

They may also revise insider selling rules, because SURPRISE: the current rules benefit insiders
https://www.zerohedge.com/markets/secs- ... to+zero%29
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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JFR
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Re: 06/10/2021 Live Update

Post by JFR »

Index ETFs. All up except IWM.

2021-06-10_07-16-35.png
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JFR
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Re: 06/10/2021 Live Update

Post by JFR »

Alternatives. DBC, IYR, SPYG, SPYV, USO up. GLD flat, chopping. UUP up then crash.

2021-06-10_07-26-11.png
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JFR
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Re: 06/10/2021 Live Update

Post by JFR »

Last edited by JFR on Thu Jun 10, 2021 2:07 pm, edited 2 times in total.
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Cobra
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Re: 06/10/2021 Live Update

Post by Cobra »

The usual pattern would be touch the ema20 then up and up till the close which is a typical slow bull day. The rare pattern is go all the way down. The less rare pattern is down up down up... making a typical range day.
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BullBear52x
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Re: 06/10/2021 Live Update

Post by BullBear52x »

4230 is key number to hold, for now let see what the MA support reaction will look like first.
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te_fern
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Re: 06/10/2021 Live Update

Post by te_fern »

The Short smalls is running away with it so far this morning.....
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jaguar6992
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Re: 06/10/2021 Live Update

Post by jaguar6992 »

I remember this bit of wisdom from Cobra the other day.


"Most breakouts simply are false"
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Cobra
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Re: 06/10/2021 Live Update

Post by Cobra »

Touch ema20 as expected, now let's see whether bulls are willing to stand here, key time.
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Cobra
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Re: 06/10/2021 Live Update

Post by Cobra »

jaguar6992 wrote:I remember this bit of wisdom from Cobra the other day.


"Most breakouts simply are false"
Thanks. :mrgreen:

I usually book profit on breakout. Guess lots of people have the same thoughts and this is why usually the very first breakout simply is false.

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BullBear52x
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Re: 06/10/2021 Live Update

Post by BullBear52x »

Call buyers are lucky this morning but not for long. :D
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Al_Dente
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Re: 06/10/2021 Live Update

Post by Al_Dente »

when in doubt, zoom out
610day.png.jpg
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BullBear52x
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Re: 06/10/2021 Live Update

Post by BullBear52x »

2x top selling is not a bad stat after all 75.1% success rate it is.
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