Back to www.cobrasmarketview.com

   

03/31/2021 Live Update

03/31/2021 Live Update

Postby Cobra » Wed Mar 31, 2021 8:35 am

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 info@cobrasmarketview.com.
========================================================================================================================================================================

Seems we have a price channel here, so the current move should be toward the channel upper boundary?

Gap up within the yesterday's range so likely it's just 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
Cobra
Site Admin
 
Posts: 49994
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/31/2021 Live Update

Postby JFR » Wed Mar 31, 2021 8:54 am

ES daily. Forming a base. At the top.


2021-03-31_05-53-06.png
User avatar
JFR
 
Posts: 5773
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/31/2021 Live Update

Postby JFR » Wed Mar 31, 2021 9:29 am

SPY 15, extended hours. Quiet overnight.


2021-03-31_06-28-51.png
User avatar
JFR
 
Posts: 5773
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/31/2021 Live Update

Postby JFR » Wed Mar 31, 2021 9:33 am

SPY 1. Moving up out of the gate. Good scalping, but it won't continue.


2021-03-31_06-32-32.png
User avatar
JFR
 
Posts: 5773
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/31/2021 Live Update

Postby BullBear52x » Wed Mar 31, 2021 9:34 am

Buy day today, wait for dip entry. market open too strong.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 25282
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/31/2021 Live Update

Postby JFR » Wed Mar 31, 2021 9:35 am

SPY 1. Down she goes. It might be a lively day.


2021-03-31_06-34-30.png
User avatar
JFR
 
Posts: 5773
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/31/2021 Live Update

Postby JFR » Wed Mar 31, 2021 9:37 am

SPY 1. The bulls are strong. News flash: "The rich have money. And the poor have RobinHood."


2021-03-31_06-36-47.png
User avatar
JFR
 
Posts: 5773
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/31/2021 Live Update

Postby Trades w 2 Cats » Wed Mar 31, 2021 9:50 am

MES 06-21 (950 Tick) _ ES 06-21 (2000 Tick) 2021_03_31 (8_45_29 AM).png

I am looking at a three up wave pattern. If I squint hard enough I can see a completed Elliot wave 5 wave move up, so we are "supposed" to have an ABC up here while the market thinks about it's next move.

That blue trend line is the bottom of a channel that formed yesterday on the afternoon advance. Turned into the top line during the night.
Trades w 2 Cats
 
Posts: 435
Joined: Tue Dec 15, 2020 3:48 pm

Re: 03/31/2021 Live Update

Postby JFR » Wed Mar 31, 2021 10:03 am

SPY 1. So WTF, bulls. What was the little run up about? Just having fun? I scalped once too often on the way up. Ya know, ya get excited. Gawd.


2021-03-31_07-00-31.png
User avatar
JFR
 
Posts: 5773
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/31/2021 Live Update

Postby Trades w 2 Cats » Wed Mar 31, 2021 10:04 am

Historical footnote. My personal sanity has been returned. The last couple of years I thought I was loosing it because my views of the market were not working. Now, we find out that it was just normal, a market Jesse Livermore would have understood. I am so relived to learn that the prime brokers were simply funding a delusional billionaire (SoftBank options manipulation) and , at least so far, two huge con man frauds (Greensill and Archegos Capital).

I shed no tears for Credit Susie and the rest of the group who they say have lost 10 billion by enabling a convicted swindler to manipulate markets while hiding from regulators. I would remind you of President Andrew Jacksons speech to congress when he dissolved the Second National Bank of the US.

An as usual thoughtful piece by Ben Hunt
https://www.epsilontheory.com/a-tiger-c ... 7U.twitter
Trades w 2 Cats
 
Posts: 435
Joined: Tue Dec 15, 2020 3:48 pm

Re: 03/31/2021 Live Update

Postby Cobra » Wed Mar 31, 2021 10:07 am


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: 49994
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/31/2021 Live Update

Postby JFR » Wed Mar 31, 2021 10:17 am

Dow down. Russell up then holding pattern. QQQ up. SPY up then holding.


2021-03-31_07-16-15.png
User avatar
JFR
 
Posts: 5773
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/31/2021 Live Update

Postby ccash04 » Wed Mar 31, 2021 10:23 am

Not sure I understand the rush to pile into Nasdaq names.. Overvalued is the new undervalued?!
ccash04
 
Posts: 337
Joined: Wed Jul 13, 2011 9:20 am

Re: 03/31/2021 Live Update

Postby JFR » Wed Mar 31, 2021 10:25 am

ES has settled into a tight, little range. Taking a break ... Might eat some chocolate. Ha ha


2021-03-31_07-23-49.png
User avatar
JFR
 
Posts: 5773
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/31/2021 Live Update

Postby te_fern » Wed Mar 31, 2021 10:36 am

JFR wrote:ES has settled into a tight, little range. Taking a break ... Might eat some chocolate. Ha ha


2021-03-31_07-23-49.png


Don't go crazy on us JFR!! LOL! :D
te_fern
 
Posts: 3422
Joined: Tue Nov 24, 2015 3:35 pm

Re: 03/31/2021 Live Update

Postby Al_Dente » Wed Mar 31, 2021 10:41 am

rare squeeze in TQQQ
5min
331squeeze q.png.jpg
User avatar
Al_Dente
 
Posts: 25890
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/31/2021 Live Update

Postby Cobra » Wed Mar 31, 2021 10:45 am

The breakout could mean it's an uptrend day, bears beware.
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: 49994
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/31/2021 Live Update

Postby Al_Dente » Wed Mar 31, 2021 10:57 am

331key.png.jpg
User avatar
Al_Dente
 
Posts: 25890
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/31/2021 Live Update

Postby Al_Dente » Wed Mar 31, 2021 11:06 am

FWIW
All Tech sectors combined (Information tech, Communication Services, and maybe Consumer Discretionary as it’s tech heavy) add up to 49% of SPY
User avatar
Al_Dente
 
Posts: 25890
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/31/2021 Live Update

Postby JFR » Wed Mar 31, 2021 11:09 am

...
Last edited by JFR on Wed Apr 21, 2021 8:19 pm, edited 2 times in total.
User avatar
JFR
 
Posts: 5773
Joined: Sun Dec 02, 2012 7:24 pm

Next

Return to Traders Lounge

Who is online

Users browsing this forum: No registered users and 14 guests

cron