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07/09/2021 Live Update

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Cobra
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07/09/2021 Live Update

Post by Cobra »

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The rebound may have legs?

Gap up above the yesterday's high so likely a trend day either up or down.
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BullBear52x
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Re: 07/09/2021 Live Update

Post by BullBear52x »

Sell day today. is there a news to rally this market?
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Cobra
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Re: 07/09/2021 Live Update

Post by Cobra »


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BullBear52x
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Re: 07/09/2021 Live Update

Post by BullBear52x »

I am still expecting a trade lower than the open until noon, then there may be a late day rally. the higher the better sell spot in first hour.
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ccash04
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Re: 07/09/2021 Live Update

Post by ccash04 »

So bond volatility = good for market, got it.
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BullBear52x
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Re: 07/09/2021 Live Update

Post by BullBear52x »

If bears were to be squeezed market would not trade under 4339, even then it's still a sell to me until late of day.
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te_fern
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Re: 07/09/2021 Live Update

Post by te_fern »

Got a resistance line here and closed yesterday's down gap....
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Al_Dente
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Re: 07/09/2021 Live Update

Post by Al_Dente »

“Take This Job and Shove It” [Johnny Paycheck]
More than half of US hospitality workers (restaurants, bars, hotels etc.) don’t want to go back to work in their industry.
They want higher pay, a less physically demanding workplace and better benefits, which their employers can’t/won’t provide.
The extent of the unpopularity of the industry threatens to slow the overall recovery.
[Bloomberg via ZH]
https://www.zerohedge.com/markets/major ... to+zero%29
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 07/09/2021 Live Update

Post by Al_Dente »

Credit Card Borrowing Explodes
LATE THURSDAY: the Fed reported that in May, total consumer credit [CREDIT CARD DEBT] surged by the most on record, soaring by $35.28 billion, nearly double the consensus estimate of $18 billion and sharply higher from last months' $20.04 billion.

Per ZH: “This latest shift in spending patterns, means that things are now indeed back to normal, and that with consumers now spending not just using their debit cards … but their credit cards, Americans are once again highly confident about the future, and are spending far beyond their means, as they always tend to do. Either that, or the latest batch of stimmies has now been spent, and having no other source of funds American consumer are again resorting to their trusty old credit card...”

Per Mish:
https://mishtalk.com/economics/the-cons ... adingly-so
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Cobra
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Re: 07/09/2021 Live Update

Post by Cobra »

Breakout to the new day high with good looking bull bar then it's an uptrend day.
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Al_Dente
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Re: 07/09/2021 Live Update

Post by Al_Dente »

AD issues and AD volume
4.5x bulls over bears
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te_fern
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Re: 07/09/2021 Live Update

Post by te_fern »

Banging on that resistance line. Already got a potential bull trap move.....
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Al_Dente
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Re: 07/09/2021 Live Update

Post by Al_Dente »

INTERNALS
There is a bullish Island Gap on SPY 15min which doesn’t appear on the longer time frames
79inter.png.jpg
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te_fern
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Re: 07/09/2021 Live Update

Post by te_fern »

Maybe one day I can recognize and hold the one's that really go straight up!! LOL!
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te_fern
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Re: 07/09/2021 Live Update

Post by te_fern »

And on up to the next resistance line...
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Al_Dente
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Re: 07/09/2021 Live Update

Post by Al_Dente »

ATH
soooo ..... that happened ..... can it hold?
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te_fern
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Re: 07/09/2021 Live Update

Post by te_fern »

Hopefully it pulls back more than this!!
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te_fern
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Re: 07/09/2021 Live Update

Post by te_fern »

Sitting on the last resistance line, is it a back test and higher or do we fall through. I can't make trades based on that! :shock:
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Cobra
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Re: 07/09/2021 Live Update

Post by Cobra »


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Al_Dente
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Re: 07/09/2021 Live Update

Post by Al_Dente »

COBE update today on Russell 2000
https://www.youtube.com/watch?v=lHZWa8v8nxg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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