Back to www.cobrasmarketview.com

08/02/2021 Live Update

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

08/02/2021 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.
========================================================================================================================================================================

50% chances of double top here.

Gap up but still within the Friday's range so likely it's a range day.
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: 08/02/2021 Live Update

Post by JFR »

SPY 15. Up over the Friday close.
Last edited by JFR on Mon Aug 02, 2021 11:07 pm, edited 1 time in total.
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10120
Joined: Sun Dec 02, 2012 7:24 pm

Re: 08/02/2021 Live Update

Post by JFR »

SPY 5. Gap up.

2021-08-02_06-31-54.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10120
Joined: Sun Dec 02, 2012 7:24 pm

Re: 08/02/2021 Live Update

Post by JFR »

Alternatives. 1 minute charts. Ups and downs.

2021-08-02_06-35-15.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/02/2021 Live Update

Post by Al_Dente »

SMH Semiconductors gap up to ATH
UPDATE ON THE SEMICOMDUCTOR SHORTAGE, 7/31
Commentary from top automakers who report semiconductor shortages will continue to constrain production. 
[via Goldman Sachs chief economist Jan Hatzius]
https://cms.zerohedge.com/s3/files/inli ... k=ahDyisK6
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
JFR
Posts: 10120
Joined: Sun Dec 02, 2012 7:24 pm

Re: 08/02/2021 Live Update

Post by JFR »

Dow leaders. 1 minute.

Will check back later ...

2021-08-02_06-39-20.png
Charts posted are not recommendations. They are just a sharing of information.
BruceD1beach
Posts: 2
Joined: Fri Jul 30, 2021 10:43 am

Re: 08/02/2021 Live Update

Post by BruceD1beach »

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

Re: 08/02/2021 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: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/02/2021 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: 08/02/2021 Live Update

Post by Al_Dente »

AD = 3.5x favoring bulls
$NYADV:$NYDEC
$NYUPV:$NYDNV
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: 08/02/2021 Live Update

Post by Al_Dente »

call buyers are absent at the moment
82calls.png.jpg
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: 08/02/2021 Live Update

Post by Cobra »

The pullback probably means it's just a range day as I see it still has some downside.
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: 08/02/2021 Live Update

Post by Al_Dente »

MS another 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: 08/02/2021 Live Update

Post by Al_Dente »

$INDU
ATH
pls double check
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Mr. BachNut
Posts: 2688
Joined: Thu Feb 24, 2011 2:28 pm

Re: 08/02/2021 Live Update

Post by Mr. BachNut »

The NYMO cycle is confirmed up.
We have had steady higher highs and lows over the last several trading sessions.
Interestingly, price has been flattish in spite of this.

We now have 13 open gaps to the downside.
Generally, Mr. Market likes to close a few before making much more.

The keltner bands continue to narrow.
They can continue to compress (up to 50 handles??), but it is fair to anticipate an expansion before year-end.
Perhaps the bulls will stampede, but a test of the 200 MA (or more) would also serve to widen things out.

I am flat and will be enjoying the summer for awhile.
Plan to do nothing unless I see something truly inspiring... :lol:
NYMO 080221.jpg
ccash04
Posts: 397
Joined: Wed Jul 13, 2011 9:20 am

Re: 08/02/2021 Live Update

Post by ccash04 »

10 yr yield sliding now down firmly below 1.20%... Not a risk on signal
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/02/2021 Live Update

Post by Cobra »

Maybe it's a triangle here, so bias is a little bit (51%) up.
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: 08/02/2021 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: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/02/2021 Live Update

Post by Cobra »

Support area plus volume surge so might be a rebound here first then we'll see, probably another leg down?
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: 08/02/2021 Live Update

Post by Cobra »

Double top may have chances here.
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.
Post Reply