Back to www.cobrasmarketview.com

07/24/2021 Weekend Update

Post Reply
User avatar
Cobra
Site Admin
Posts: 58336
Joined: Sat Feb 12, 2011 10:29 pm

07/24/2021 Weekend Update

Post by Cobra »

Up 1 week, the next week has 76% chances to make a higher high which means still more all time highs ahead.
3.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: 07/24/2021 Weekend Update

Post by Al_Dente »

BIG WEEK FOR TECH EARNINGS:
Monday, July 26, TSLA
Tuesday, July 27, MMM, PHM, UPS, AMD, AAPL, MSFT, V, SBUX
Wednesday, July 28, BA, MCD, PFE, FB
Thursday, July 29, MA, MRK, AMZN, PINS, TMUS
Friday, July 30, CVX, XOM, PG
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58336
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/24/2021 Weekend Update

Post by Cobra »

$AAII Bull - $AAII Bear went further down, interesting. The vote ends on Wednesday therefore might not count on the Thursday and Friday's up so maybe the next week we'll have a different view.
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: 07/24/2021 Weekend Update

Post by Al_Dente »

BALANCE SHEET 724.png.jpg
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: 07/24/2021 Weekend Update

Post by Al_Dente »

"Of the 4,085 stocks with listed options, 1,007 (25%) closed higher and 2,971 (73%) closed lower. Among the 500 most liquid single stocks, 30-day implied volatility was higher for 229 and lower for 228."
[CBOE, Friday's numbers... ps: recall that Friday was gap-up and ATH day !!]
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: 07/24/2021 Weekend Update

Post by Al_Dente »

dated 7/15/21
AAPL.png.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
BullBear52x
Posts: 29514
Joined: Tue Feb 22, 2011 3:47 pm

Re: 07/24/2021 Weekend Update

Post by BullBear52x »

From "It is what it is department" We have a Trading market not a positioning market however you slice it. $BPSPX, $NYAD, $TRIN are all over the places. technically speaking we are oversold when $TRIN > 3, oversold at all time high, do you smell something funny? I do.
2.PNG
Bullish % has been decline for weeks and months now.
1.PNG
No fear No bear, this is getting dicey a rise on $VIX in a coming week will be something to pay attention to :geek: If we zoom in on $VIX HL is at hand.
3.PNG
Intraday price action was mildly negative on last Friday, follow through on Monday will be a must for bulls now that we have HH or a reversal in a grand style will be what to expected. overbought Honey hole special for bears and a bearish reversal candle mission next week for me with a realization of irrational market, trade well, Peace!
5.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29514
Joined: Tue Feb 22, 2011 3:47 pm

Re: 07/24/2021 Weekend Update

Post by BullBear52x »

Up in dollar = more people are in cash. bullish breakout or 2x top for dollar. critical point of reflection.
Attachments
4.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29514
Joined: Tue Feb 22, 2011 3:47 pm

Re: 07/24/2021 Weekend Update

Post by BullBear52x »

GLD is bearish bias as long as RSI<50, it will be very bullish this time if RSI>50 for now it is not.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29514
Joined: Tue Feb 22, 2011 3:47 pm

Re: 07/24/2021 Weekend Update

Post by BullBear52x »

ES trader today. Friday negative price action :ugeek: :geek:
Only cash session maters but overnight trading can lead to what will happen the following morning.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29514
Joined: Tue Feb 22, 2011 3:47 pm

Re: 07/24/2021 Weekend Update

Post by BullBear52x »

FAANG only 3 were at ATH the rest still fighting to new highs, overall techs are not as strong.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
Post Reply