Back to www.cobrasmarketview.com

05/06/2021 Live Update

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

05/06/2021 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 info@cobrasmarketview.com.
========================================================================================================================================================================

Not sure whether it's a lower high therefore the rebound was over or not.

Flat open, likely just a range day.
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
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/06/2021 Live Update

Post by BullBear52x »

last two days, trading range was lower but it was nothingness. flat sideways overall. leaning bearish but price doesn't say much. let see if bulls can retake the upper trading range or continue. be nimble note to self.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/06/2021 Live Update

Post by BullBear52x »

ES, range bound 4142-4190 selling for now.
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/06/2021 Live Update

Post by BullBear52x »

right off the gate. if sell off is not strong I would expect a late day rally. lets go bears!
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/06/2021 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
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/06/2021 Live Update

Post by BullBear52x »

ding ding 41.42 sitting out with 1/2 lot left. coffee time.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/06/2021 Live Update

Post by BullBear52x »

MA resistance will determine if there will be a storm or not.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/06/2021 Live Update

Post by Cobra »

It's the bear's last chance here to make a downtrend day. My guess is it's just a range 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
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/06/2021 Live Update

Post by BullBear52x »

Last sell, same playbook.
Attachments
2.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/06/2021 Live Update

Post by BullBear52x »

Fearful market.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/06/2021 Live Update

Post by BullBear52x »

bears got an easy day today Haha

who could have thought it will be this easy for them?
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/06/2021 Live Update

Post by Cobra »

Higher low, the low might be in for today.
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
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/06/2021 Live Update

Post by BullBear52x »

Yep, Range day, take a break here will be a buy at MA support, but me no buy today.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/06/2021 Live Update

Post by BullBear52x »

must be news, haha....selling 2x top setup, do or die for bears.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/06/2021 Live Update

Post by BullBear52x »

This dip will be bought, I don't expect much for bears, just play by the book that's all, no buy today, maybe tomorrow but not today for me.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/06/2021 Live Update

Post by Al_Dente »

Options traders are buying JUST A FEW calls
AD is still 1-to-1 (50/50) and could go either way
56int.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: 05/06/2021 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: 05/06/2021 Live Update

Post by Cobra »

The pullback probably will be bought. 10% chances it was a vacuum up therefore the pullback now will go all the way back to the day low.
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: 05/06/2021 Live Update

Post by Al_Dente »

zh headline: "Here Comes The Squeeze: Goldman Prime Says Hedge Funds Shorted Tech For 9 Of The Past 10 Days”
GS: the bulk of this selling was short selling, i.e., the flows were "driven by short sales outpacing long buys 2 to 1.
GS: Goldman notes that managers are the most U/W [underweight] Tech Hardware (-5.6%) followed by Semis & Semi Equip (-2.4%) while still O/W [overweight] Software & Services (+4.8%).
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: 05/06/2021 Live Update

Post by Al_Dente »

If TECH indeed squeezes (in the next day/few days) I’m wondering where the shorts will be stopped out [where they will start buying to cover]
and I’m guessing at 102 on the TQQQ’s
[All the pros that are short tech have just read that zh headline and text, and are preparing to cover if they need to]
[Anyone with better analysis, please post]
56sixty sqz.png.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Post Reply