Back to www.cobrasmarketview.com

07/23/2021 Live Update

User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

07/23/2021 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.
========================================================================================================================================================================

A little resistance but I don't think it'd be a problem.

Gap up above yesterday's high so could be 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
JFR
Posts: 10120
Joined: Sun Dec 02, 2012 7:24 pm

Re: 07/23/2021 Live Update

Post by JFR »

SPY 15. Up. Up. And up. More up? Who knows?

Screenshot_20210723_054614.jpg
Charts posted are not recommendations. They are just a sharing of information.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 07/23/2021 Live Update

Post by BullBear52x »

Look at TRIN, sell day for me, nothing on internals make sense to support this up market.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/23/2021 Live Update

Post by Al_Dente »

Note
GOOGL and FB gap to ATH
MSFT ATH
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/23/2021 Live Update

Post by Al_Dente »

XLV Health gap to ATH
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/23/2021 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: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/23/2021 Live Update

Post by Cobra »

It's a morning hourly filled black bar
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: 07/23/2021 Live Update

Post by Al_Dente »

Al_Dente wrote:XLV Health gap to ATH
SPY and QQQ still testing the high and failing at the moment
I can’t remember the last time XLV led the market. It’s odd
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/23/2021 Live Update

Post by Al_Dente »

$NDX, QQQ
ATH
please double check
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/23/2021 Live Update

Post by Cobra »

Breakout is more likely and if with good looking bull bar 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
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/23/2021 Live Update

Post by Al_Dente »

ok then SPY
ATH :shock: :o :shock:
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 07/23/2021 Live Update

Post by BullBear52x »

Come2papa, if this sell fail, bears need to pack up and go home.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 07/23/2021 Live Update

Post by BullBear52x »

It's Friday. no go for bears. Peace out!
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: 07/23/2021 Live Update

Post by Mr. BachNut »

Quick update:

Price is making ATHs while NYMO remains negative. :shock:
Price rules.

We may be in a NYMO up cycle, but positive closes are required to confirm.
Until then, this could be a corrective move to the zero line in a continuing broad NYMO decline.

This morning's price highs are happening with NYMO negatively divergent to the high two days ago.
We are back to twelve open down gaps.

I am flat. My shorts were breakeven stopped leaving me only with scale profits.
I have a long setup percolating for SPX and a short setup percolating for R2K. :? :roll:

I am planning to vacation and relax in the weeks ahead, which means a big juicy move will trigger while I am gone. :lol:
NYMO 072321.jpg
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/23/2021 Live Update

Post by Al_Dente »

Who is bidding up home prices by tens of thousands?
HEDGE FUNDS :o
https://www.nbcnews.com/business/real-e ... d-n1274597
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades w 2 Cats
Posts: 1694
Joined: Tue Dec 15, 2020 3:48 pm

Re: 07/23/2021 Live Update

Post by Trades w 2 Cats »

Home Prices-My opinion
Fed Reserve is owned by NY Banks. They have access to really cheep money. They lend to hedge funds at wholesale rates. We know from Goldman's periodic reports that the hedge funds are pretty much follow the leader monkey see monkey do investment houses. Housing is hot, they want in. They don't have to qualify, pay tons of fees or 30 year mortgage rates. So of curse they are snapping up housing at what most of us see as a bubble top price. Maybe they will be saved by the inflation demons unleased by the Fed. Maybe not. Over a million FHA/VA loans haven't made a payment for several months. White House wants a new program where they pay 75% of their monthly when moratorium lifts in September.

Unless Congress agrees to an extension of the European Socialist style income replacement benefits that are going away I see a major contraction in the demand for living units. So really what the Hedge Funds are betting on is the 3.2 trillion Human Infrastructure bill being passed.
Trades w 2 Cats
Posts: 1694
Joined: Tue Dec 15, 2020 3:48 pm

Re: 07/23/2021 Live Update

Post by Trades w 2 Cats »

ES 09-21 (2000 Tick Volumetric) 2021_07_23 (10_51_29 AM).png
Detailed view of what happened at 4,400.
Trades w 2 Cats
Posts: 1694
Joined: Tue Dec 15, 2020 3:48 pm

Re: 07/23/2021 Live Update

Post by Trades w 2 Cats »

Should add that us up down tick in bid/ask format.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/23/2021 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
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/23/2021 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.
Post Reply