Back to www.cobrasmarketview.com

09/10/2021 Live Update

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

Re: 09/10/2021 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
JFR
Posts: 10120
Joined: Sun Dec 02, 2012 7:24 pm

Re: 09/10/2021 Live Update

Post by JFR »

uroy,Ltbr,dnn,uuuu,uec,bhp,rio,nxe,urg,ccj

The only ones I find attractive for value (low P/E) are BHP 13.95 and RIO 6.38. Thr rest have negative P/E.

Charts are next.
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: 09/10/2021 Live Update

Post by JFR »

For me, BHP and RIO have poor charts.

Screenshot_20210910_123747.jpg
Last edited by JFR on Fri Sep 10, 2021 3:44 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: 09/10/2021 Live Update

Post by JFR »

te_fern wrote:Does anyone have any Uranium stocks they like or are following?

From the tablet. 10 Uranium stocks from a quick search.


Negative P/E, but who cares about value, besides me? Ha ha

Screenshot_20210910_124107.jpg
Charts posted are not recommendations. They are just a sharing of information.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/10/2021 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: 09/10/2021 Live Update

Post by Cobra »

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449377

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: 09/10/2021 Live Update

Post by Cobra »

100% measured move target hit.
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
Mr. BachNut
Posts: 2688
Joined: Thu Feb 24, 2011 2:28 pm

Re: 09/10/2021 Live Update

Post by Mr. BachNut »

Back from vacation and the NYMO cycle is down.

Not much to say.
Looks like a move toward the zero line shaping the morning.

Big stack of gaps below and one small one above.
A move to the middle keltner band would close a few.
The volumes for last weeks decline were on the low side.
Bears need to break the August low perhaps to get some capitulation.
Otherwise, the dip buyers may get them again.

It's OPEX and September witching week.
So, price action may reflect squaring of books more than trend.
That's a fancy way of saying I have no idea what will happen. :lol:

I am short SPX with one profit scale taken.
NYMO 091321.jpg
User avatar
Mr. BachNut
Posts: 2688
Joined: Thu Feb 24, 2011 2:28 pm

Re: 09/10/2021 Live Update

Post by Mr. BachNut »

I posted this chart a few weeks ago to point out that price highs were attended with a negative weekly RSI divergence.
This is just an update to note that the bulls managed to cure the divergence (by a hair...) the week before labor day.
So, one can be suspicious because it happened during vacation season, but the fact is on this measure the ATHs have been validated.
SPX Wk RSI.jpg
User avatar
Mr. BachNut
Posts: 2688
Joined: Thu Feb 24, 2011 2:28 pm

Re: 09/10/2021 Live Update

Post by Mr. BachNut »

Two observations:

There is a bolus of call open interest at SPY = 450.
There is a VIX gap from last Friday at 20.95.

Either, both or none could act as magnets at some point this week.
Post Reply