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07/08/2021 Live Update

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Cobra
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07/08/2021 Live Update

Post by Cobra »

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This bear shall have legs? Usually should be a rebound upon open, then sometimes there's another leg down but sometimes it just keeps going up and up. I doubt we'll go up and up today, a 2nd leg down or range day is more likely.

Big gap down so likely a trend day either up or down.
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BullBear52x
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Re: 07/08/2021 Live Update

Post by BullBear52x »

gap and flat all day. life of a day trader. :(
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BullBear52x
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Re: 07/08/2021 Live Update

Post by BullBear52x »

confirmed short term down trend has started.
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Re: 07/08/2021 Live Update

Post by Cobra »


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Cobra
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Re: 07/08/2021 Live Update

Post by Cobra »

It's a morning hourly hollow red
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BullBear52x
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Re: 07/08/2021 Live Update

Post by BullBear52x »

Bears may have a home run today for intraday if it breaks.
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Cobra
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Re: 07/08/2021 Live Update

Post by Cobra »

Double bottom, 51% chances.
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Mr. BachNut
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Re: 07/08/2021 Live Update

Post by Mr. BachNut »

The NYMO cycle is Down.
The recent up cycle left a lot to be desired.
It rallied to just above the zero line fell back and then barely ticked a higher high before crumbling.

This morning we find NYMO quite close to the "Turn Zone."
Arguably, a lot of stocks have been getting distributed since mid-June in spite of the index continuing to climb.
Perhaps we get a rotation ahead to rebalance and hold things up, or perhaps the stocks that propped up the index will fall down to join everyone else.
We shall see.

Big gap down today. :shock:
The move has closed one down gap, but a plethora remains below.
I would say we have a bit of an island top except everything is so gappy these days such a thing is hard to guage unless it occurs in the futures market.
I think I need to see more before drawing a conclusion about what we got here.

I am flat ES and short R2K.
I balked on prior long setups given the weak NYMO.
It saved me from a loss on R2K but I would still be long an SPX runner with a BE stop.
I do have an SPX short setup fermenting but not ripe yet...
NYMO 070821.jpg
te_fern
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Re: 07/08/2021 Live Update

Post by te_fern »

Made lunch money playing the Semi's. Need to be careful here, tend to over trade....
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BullBear52x
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Re: 07/08/2021 Live Update

Post by BullBear52x »

A breakdown will take us to 4270ish.
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te_fern
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Re: 07/08/2021 Live Update

Post by te_fern »

Problem being a small cash trader, you run out of cash!! LOL!
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te_fern
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Re: 07/08/2021 Live Update

Post by te_fern »

Was watching this range on the Q's to trade the semi's....
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Re: 07/08/2021 Live Update

Post by te_fern »

Upward bias on the Semi's, but the Q's range kept me from losing small profits.....
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Cobra
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Re: 07/08/2021 Live Update

Post by Cobra »

The pullback should be bought. At the best for bears it's a range day. Right now it still has chances being an uptrend day.
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Re: 07/08/2021 Live Update

Post by Cobra »


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Re: 07/08/2021 Live Update

Post by Cobra »

I'll need go outside, hopefully be back before 3:30 pm, otherwise it'd be my last post today: Right now the bias seems up.
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JFR
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Re: 07/08/2021 Live Update

Post by JFR »

SPY 15, extended hours. Is there a message in there? The bears do not trust the highs and the trend up. They have been trying to take it down. Some success last night. Fairly strong rebound today however, so far. Hold overnight? It's a gamble. For a daytrader, there is no need to hold overnight. For an investor, just follow your longer term signals, with targets and stops. (Note to self, who held some stuff overnight. Ha ha)

2021-07-08_11-00-57.png
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JFR
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Re: 07/08/2021 Live Update

Post by JFR »

Dow 30. A whole lotta red.

2021-07-08_11-18-59.png
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Al_Dente
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Re: 07/08/2021 Live Update

Post by Al_Dente »

15min
AMC printed a BOX in June (cyan)
The target was met today on/near the open, just before the squeeze
(I'll delete that box now)
78amc.png.jpg
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JFR
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Re: 07/08/2021 Live Update

Post by JFR »

Alternatives. Stocks down. Oil up. Dollar down. Kind of a ho-hum day for daytrading (without checking the financial news, as of yet.)

2021-07-08_11-28-31.png
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