Back to www.cobrasmarketview.com

11/26/2021 Live Update

User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

11/26/2021 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.
=============================================================================================================================================================================

The rebound for now looks like a bear flag, but never under estimate the eagerness of people buying dips so maybe rebound upon open directly the the EMA20 above? I remember Dubai event on the Black Friday, it gapped down big then rebound and rebound and when the market closed at 1 pm, it's almost green and the next week it acted like nothing bad happened. Will history repeats again?

Gap down below the Wednesday's low so it'd 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: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 11/26/2021 Live Update

Post by JFR »

ES daily. Huge move down on Covid fears.

2021-11-26_06-32-26.png
Last edited by JFR on Fri Nov 26, 2021 10:38 am, edited 1 time in total.
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 11/26/2021 Live Update

Post by JFR »

ES 60 minutes. Well beneath the pivots. Finding some support.

2021-11-26_06-34-25.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 11/26/2021 Live Update

Post by JFR »

ES five minutes. Buyers getting into the action.

2021-11-26_06-39-38.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 11/26/2021 Live Update

Post by JFR »

Dow 30. A sea of red.

2021-11-26_06-47-05.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 11/26/2021 Live Update

Post by JFR »

SPY 15. Another strong move down, on huge volume. A Wild West show.

2021-11-26_06-51-04.png
Last edited by JFR on Fri Nov 26, 2021 10:56 am, edited 1 time in total.
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: 11/26/2021 Live Update

Post by Al_Dente »

Of all the S&P 500 stocks
these are the worst performers (sorted by biggest red) intraday
Screenshot 2021-11-26 075345.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: 11/26/2021 Live Update

Post by Al_Dente »

S&P 500
sorted by green
Screenshot 2021-11-26 075937.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 11/26/2021 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.
Trades w 2 Cats
Posts: 1695
Joined: Tue Dec 15, 2020 3:48 pm

Re: 11/26/2021 Live Update

Post by Trades w 2 Cats »

MES 12-21 (4000 Tick) 2021_11_26 (9_05_52 AM).png
Not going to count on a real bounce. We won't know how deadly Nu strain is until well into January. Could easily get our 10 to 20% pullback many have been predicting.

For now 4,600 is holding.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 11/26/2021 Live Update

Post by JFR »

ES five minutes. Testing at the bottom. Back a bit later ...

2021-11-26_07-18-41.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 11/26/2021 Live Update

Post by Cobra »

No sharp rebound, breakdown to the new day low with good looking bear bar in the next, say 6 bars then it's a downtrend 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
Mr. BachNut
Posts: 2688
Joined: Thu Feb 24, 2011 2:28 pm

Re: 11/26/2021 Live Update

Post by Mr. BachNut »

Just a few observations:

NYMO is well into the lower Turn Zone this morning.
So, perhaps a low forms in days ahead.
However, the Oversold Zone is still a ways below.
So there is still room for more downside.

We have closed three down gaps today and opened a big up gap.
The next gap is down around the middle keltner. So, a trip there would not surprise.
The benchmark price for this NYMO down cycle is SPX 4438.26. :shock:
There is quite a ways to go to hit that mark, but given the covid news, perhaps we have a catalyst for the market to feed the bears for a change.

I remain long an SPX runner position with a breakeven stop.
I have scaled out a second profit unit on my R2K short position. So, that is now a runner position with a breakeven stop too.
It feels odd having conflicting positions. If I knew what was going to happen, I would be consistent, but I don't. :? :roll:
Market was just strong enough before the holiday to keep a NYMO SPX short setup from priming. *grumbles*
NYMO 112621.jpg
Trades w 2 Cats
Posts: 1695
Joined: Tue Dec 15, 2020 3:48 pm

Re: 11/26/2021 Live Update

Post by Trades w 2 Cats »

MES 12-21 (1300 Tick) 2021_11_26 (9_34_58 AM).png
Could be a bottom.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 11/26/2021 Live Update

Post by Al_Dente »

75% of the NYSE stocks are declining at the moment (was about 88% on the open)
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: 11/26/2021 Live Update

Post by Al_Dente »

CNBC is pushing BTFD
I don't agree ... a bounce would just be dead cat....
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades w 2 Cats
Posts: 1695
Joined: Tue Dec 15, 2020 3:48 pm

Re: 11/26/2021 Live Update

Post by Trades w 2 Cats »

So much for a bottom formation. Maybe this time if it doesn't waterfall on down.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 11/26/2021 Live Update

Post by Al_Dente »

VIX is up about 47% :o :o
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades w 2 Cats
Posts: 1695
Joined: Tue Dec 15, 2020 3:48 pm

Re: 11/26/2021 Live Update

Post by Trades w 2 Cats »

_  _  _  2021_11_26 (9_57_53 AM).png
Trin strongly negative. On Balance Volume us negative.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 11/26/2021 Live Update

Post by JFR »

ES 60 minutes. Pushing down beneath the low.

2021-11-26_08-22-25.png
Charts posted are not recommendations. They are just a sharing of information.
Post Reply