Back to www.cobrasmarketview.com

07/02/2021 Live Update

User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

07/02/2021 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 cobra@cobrasmarketview.com.
========================================================================================================================================================================

Must be not a very good NFP so it's up, probably targeting the price channel upper boundary.

Gap up above the yesterday's high so likely 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
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/02/2021 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
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 07/02/2021 Live Update

Post by BullBear52x »

way overbought for day trade. market will hold it high but upside today is limited. I am selling.
My comments are for entertainment/educational purpose only. NOT a trade advice.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 07/02/2021 Live Update

Post by te_fern »

Smalls and Bios seem to be the big underperformers since the open.....
Attachments
One Day Move Long.PNG
This is not investment or trade advice.
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 07/02/2021 Live Update

Post by BullBear52x »

Earlier sellers in the week got squeeze, now they are back at end of week.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Mr. BachNut
Posts: 2688
Joined: Thu Feb 24, 2011 2:28 pm

Re: 07/02/2021 Live Update

Post by Mr. BachNut »

The NYMO cycle is ????

Model wise, it confirmed up and then down.
The zero line seems to be resistance.

Price keeps climbing.
We now have 13 open down gaps. :shock: :shock:
Today's high tagged the upper keltner band, reaffirming the bullish bias.

The word divergence comes to mind...
If NYMO goes positive, price could go parabolic.
On the other hand, if we ever get a down day again, it could be one of those big ones that reverse many days of slow upward climb.
I wish I knew what will happen...

I am flat.
I balked on long setups, calling an audible on the weakly positive NYMO confirmation.
Looks like I will book a trade error on ES as that would be down to a runner with BE stop at this point.
The long R2K trade would be in drawdown if it had been taken.
So, leakage on one and surplus on the other for the moment.
NYMO 070221.jpg
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/02/2021 Live Update

Post by Cobra »

Breakout with good looking bull bar (not yet) here then it'd be an uptrend day.
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
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/02/2021 Live Update

Post by Cobra »

Breakout is very likely. With good looking bull bar then it could be an uptrend day.
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: 07/02/2021 Live Update

Post by Al_Dente »

After breaking down yesterday, AMC is down nearly -10% today.
It is down almost -35% from its high.
[Recall that by definition, when a stock is down -20% it is in a “bear market”.]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/02/2021 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: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/02/2021 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
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/02/2021 Live Update

Post by Al_Dente »

internals
15m
72int.png.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
JFR
Posts: 10127
Joined: Sun Dec 02, 2012 7:24 pm

Re: 07/02/2021 Live Update

Post by JFR »

SPY 15. No quit in the bulls.

2021-07-02_11-05-06.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10127
Joined: Sun Dec 02, 2012 7:24 pm

Re: 07/02/2021 Live Update

Post by JFR »

SPY 5. Floating above the EMA 20.

2021-07-02_11-07-02.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10127
Joined: Sun Dec 02, 2012 7:24 pm

Re: 07/02/2021 Live Update

Post by JFR »

DIA, QQQ and SPY up. IWM down.

2021-07-02_11-09-36.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10127
Joined: Sun Dec 02, 2012 7:24 pm

Re: 07/02/2021 Live Update

Post by JFR »

Alternatives. Everything is up, except the dollar. UUP down.

2021-07-02_11-11-41.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10127
Joined: Sun Dec 02, 2012 7:24 pm

Re: 07/02/2021 Live Update

Post by JFR »

Leaders on the Dow 30. Stuff is flying off the shelves, so to speak.

2021-07-02_11-15-01.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10127
Joined: Sun Dec 02, 2012 7:24 pm

Re: 07/02/2021 Live Update

Post by JFR »

IBM down 4.6%, $6.75 today.

2021-07-02_11-18-56.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10127
Joined: Sun Dec 02, 2012 7:24 pm

Re: 07/02/2021 Live Update

Post by JFR »

From AutoChartist. Nasdaq 100. Hold over the weekend? Hmmm. Ha ha.

2021-07-02_11-22-39.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 07/02/2021 Live Update

Post by BullBear52x »

Don't expect an up day like this, so missed out all the run up. only 676K contracts traded on ES, very low volume so no capitulation just yet I guess.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Post Reply