11/12/2020 Live Update

[Cobra]

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No idea up or down from here, still if sharp down anytime, it could be a lower high trend reversal, be careful in this case. Likely just a range day.

[Cobra]

The members only update starts here: http://www.cobrasmarketview.com/2020/11 ... ay-update/

[JFR]

ES daily. Quiet start to the day. Small bar. Half way between the EMA 20 and the high of Monday.

[Al_Dente]

The Labor Department this morning reported a fewer-than-expected 709,000 initial filings for unemployment benefits for the week ending Nov. 7. That's down 48,000 from the prior week's revised number, a sign of improvement in the job market but still well above pre-pandemic levels. At 9:30 a.m. ET, Federal Reserve Chairman Jerome Powell makes a virtual appearance at a ECB forum on central banking.

[JFR]

Dow 30. Lots of red. HD leading the green. CRM, CVX and JPM trailing.

[Al_Dente]

I follow this guy, and his ONE daily “Plan Today” tweet for the SPX every morning,
with SPX breakout and target numbers on the upside,
and support and breakdown numbers on the downside.
Simple, straightforward, lacking any convoluted prose or distractions.
[Recall after Monday’s spike he said, and I posted, this: “As usual, if long lock in some gains and trail a stop. Anything can happen.”
https://twitter.com/AdamMancini4

[JFR]

I follow this guy, and his ONE daily “Plan Today” tweet for the SPX every morning,
with SPX breakout and target numbers on the upside,
and support and breakdown numbers on the downside.
Simple, straightforward, lacking any convoluted prose or distractions.
[Recall after Monday’s spike he said, and I posted, this: “As usual, if long lock in some gains and trail a stop. Anything can happen.”
https://twitter.com/AdamMancini4

Thanks for that, Pasta Boss. Always looking for good information.

[Al_Dente]

.......Thanks for that, Pasta Boss. Always looking for good information.

ELSEWHERE:
vaccine  watch:
11/10: LLY is up 4.45%, 11/11 down -1.23%, 11/12 down -1.5% so far this morn
11/10: PFE is down -0.74%, 11/11 down -0.47%, 11/12 down -1.3% so far this morn
Yesterday Moderna MRNA said it had enough data from a late-stage trial of its vaccine candidate to begin a planned interim analysis. Moderna did not specify when it planned to release data on the vaccine's effectiveness. [Dr. Fauci was optimistic, and said Wednesday that Moderna’s vaccine is "almost identical" to Pfizer's]
MDNA is up +6+% this morning

[Al_Dente]

VACCINE daily charts:

[Cobra]

Members only update at 10:02 am
http://www.cobrasmarketview.com/2020/11 ... ay-update/

[Cobra]

Likely just a range day, take the time to relax.

[Ed02]

Based on QQQ/vix, an uptrend day seems not impossible... Actually a mini ATH could be in the card (until tomorrow morning)

[Cobra]

Based on QQQ/vix, an uptrend day seems not impossible... Actually a mini ATH could be in the card (until tomorrow morning)

Well, it has to be a range day because my mom has an eye surgery today, I'll need drive her to hospital. The market cannot move without me. Understood?

[JFR]

Well, it has to be a range day because my mom has an eye surgery today, I'll need drive her to hospital. The market cannot move without me. Understood?

Best wishes for your Mom, Cobra. Drive carefully.

SPY 5.

[Cobra]

Well, it has to be a range day because my mom has an eye surgery today, I'll need drive her to hospital. The market cannot move without me. Understood?

Best wishes for your Mom, Cobra. Drive carefully.

SPY 5.

2020-11-12_07-27-06.png

Thanks.

[Cobra]

QQQ looks like an ascending triangle therefore breakout is more likely.

[Ed02]

Based on QQQ/vix, an uptrend day seems not impossible... Actually a mini ATH could be in the card (until tomorrow morning)

Well, it has to be a range day because my mom has an eye surgery today, I'll need drive her to hospital. The market cannot move without me. Understood?

Best wishes to your mom! May God bless her!

[Al_Dente]

WARNING: POLITICAL
Word is that PE Biden wants to populate his administration with the most bipartisan members of Congress, and others.
According to the “The Jefferson–Hamilton Award for Bipartisanship”, the most bipartisan Congressional folks are:
Sen. Kevin Cramer (R-ND) - 100% 
Sen. Kyrsten Sinema (D-AZ) - 100% 
Sen. Thom Tillis (R-NC) - 100% 
Sen. Doug Jones (D-AL) - 98% 
Sen. Roy Blunt (R-MO) - 96% 
Sen. Maggie Hassan (D-NH) - 96% 
Sen. Martha McSally (R-AZ) - 96% 
Sen. Brian Schatz (D-HI) - 96% 
Sen. Rick Scott (R-FL) - 96% 
Sen. Dianne Feinstein (D-CA) - 91% 

Rep. Donald Bacon (R-NE-2) - 100% 
Rep. Henry Cuellar (D-TX-28) - 100% 
Rep. Theodore Budd (R-NC-13) - 99% 
Rep. Tom Cole (R-OK-4) - 99% 
Rep. John R. Curtis (R-UT-3) - 99% 
Rep. Brian K. Fitzpatrick (R-PA-1) - 99% 
Rep. Henry Johnson (D-GA-4) - 99% 
Rep. Darin LaHood (R-IL-18) - 99% 
Rep. Suzanne Lee (D-NV-3) - 99% 
Rep. Cedric Richmond (D-LA-2) - 99% 
Rep. Harley Rouda (D-CA-48) - 99% 
Rep. Ross Spano (R-FL-15) - 99% 
Rep. Bryan Steil (R-WI-1) - 99% 
Rep. Ann Wagner (R-MO-2) - 99% 
Rep. Jackie Walorski (R-IN-2) - 99% 
Rep. Gilbert Ray Cisneros (D-CA-39) - 98% 
Rep. Lizzie Fletcher (D-TX-7) - 98% 
Rep. Josh Harder (D-CA-10) - 98% 
Rep. Ami Bera (D-CA-7) - 97% 
Rep. Anthony Brindisi (D-NY-22) - 97% 
Rep. Julia Brownley (D-CA-26) - 97% 
Rep. TJ Cox (D-CA-21) - 97% 
Rep. Kendra S. Horn (D-OK-5) - 97% 
Rep. Terri Sewell (D-AL-7) - 97% 

[Ed02]

Indeed a range day. So, it is the time for relaxing.

[Al_Dente]

The economy
Red flags
https://www.reuters.com/article/usa-eco ... SL1N2HX1YM



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