Back to www.cobrasmarketview.com

   

05/10/2021 Live Update

Re: 05/10/2021 Live Update

Postby BullBear52x » Mon May 10, 2021 10:47 am

Last year $50K worth of lumber can build 10 houses. today can build 2 1/2. next year property tax revenue should be good for our local government :lol: on investing side of thing, GOLD and Bit coins are no match to lumber in last 90 days.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 25476
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/10/2021 Live Update

Postby BullBear52x » Mon May 10, 2021 11:12 am

So far so good for bears.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 25476
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/10/2021 Live Update

Postby Al_Dente » Mon May 10, 2021 11:15 am

spy is backtesting the box that we just broke above on friday
and with a two-day double top and lower low it doesn’t look good for bulls …. we’ll see...
qqq shows a bit of a bearish-island-gap on this 30min, but not on the daily
510thirty.png.jpg
User avatar
Al_Dente
 
Posts: 26062
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/10/2021 Live Update

Postby Trades w 2 Cats » Mon May 10, 2021 11:21 am

MES 06-21 (950 Tick) _ ES 06-21 (2000 Tick) 2021_05_10 (10_17_56 AM).png


My larger channel is a bit raggedy but I got to live with it. Three touches both sides but big problem us the traders on the other side of the Atlantic are done for the day so timing is about right for a bust out to the upside and the afternoon grind up.
Trades w 2 Cats
 
Posts: 474
Joined: Tue Dec 15, 2020 3:48 pm

Re: 05/10/2021 Live Update

Postby Cobra » Mon May 10, 2021 11:21 am

Guess the low was in for today, 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
Cobra
Site Admin
 
Posts: 50325
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/10/2021 Live Update

Postby BullBear52x » Mon May 10, 2021 11:24 am

No down trend, last sell coupon. time to pack up for bears if no new LL from here.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 25476
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/10/2021 Live Update

Postby Al_Dente » Mon May 10, 2021 11:40 am

Small bit of a divergence between the VIX indices and their call/put equivalent ETFs
Maybe too slight atm… I may just be grasping at straws ???

510proxy.png.jpg
User avatar
Al_Dente
 
Posts: 26062
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/10/2021 Live Update

Postby BullBear52x » Mon May 10, 2021 11:58 am

No Go for bears. try again tomorrow.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 25476
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/10/2021 Live Update

Postby Al_Dente » Mon May 10, 2021 12:01 pm

IPO is the symbol for the most recently listed IPOs
Jason thinks the IPO bubble has popped.
The daily chart shows a few cockroaches below the 200sma, and a bearish-island gap.
https://www.sentimentrader.com/blog/thi ... 1366687428
User avatar
Al_Dente
 
Posts: 26062
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/10/2021 Live Update

Postby Cobra » Mon May 10, 2021 12:11 pm


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: 50325
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/10/2021 Live Update

Postby ccash04 » Mon May 10, 2021 2:14 pm

Testing near LOD on SPY, late day breakdown? Hard to see it staying up with the Nasdaq getting battered
ccash04
 
Posts: 338
Joined: Wed Jul 13, 2011 9:20 am

Re: 05/10/2021 Live Update

Postby Cobra » Mon May 10, 2021 3:01 pm

The rebound probably will be sold, might safe to say this bear shall have legs.
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: 50325
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/10/2021 Live Update

Postby JFR » Mon May 10, 2021 3:18 pm

ES 5. Back at the keyboard, and I see, down, down, down. Finding some support though.


2021-05-10_12-17-02.png
User avatar
JFR
 
Posts: 5937
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/10/2021 Live Update

Postby BullBear52x » Mon May 10, 2021 3:20 pm

Edit:SPX classic, Sell triggered. I missed today's last run down, but what I was hoping to see is in play. it will fall under its own weight. well, in a bulls market it is hard to stay in and a Bear market it is hard to stay out. for that the dip buyer will be hard to stay out be warned!
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 25476
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/10/2021 Live Update

Postby BullBear52x » Mon May 10, 2021 3:35 pm

Down target is still the same, 4170
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 25476
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/10/2021 Live Update

Postby Cobra » Mon May 10, 2021 3:39 pm


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: 50325
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/10/2021 Live Update

Postby Al_Dente » Mon May 10, 2021 3:49 pm

Direxion has filed with the SEC to IPO a couple of 2x leveraged Clean Energy ETFs, long and short.
They will tracks the “S&P Global Clean Energy Index”
They may be called "Direxion Daily Global Clean Energy Bull 2x” and "Direxion Daily Global Clean Energy Bear 2x”
They are now in the SEC “quiet period”.
PLEASE POST IF YOU SEE NEWS THAT GIVES DATES FOR THE NEW ETFs
User avatar
Al_Dente
 
Posts: 26062
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/10/2021 Live Update

Postby Cobra » Mon May 10, 2021 3:51 pm


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: 50325
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/10/2021 Live Update

Postby Cobra » Mon May 10, 2021 3:53 pm

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

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/ ... /533449374

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: 50325
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/10/2021 Live Update

Postby JFR » Mon May 10, 2021 3:55 pm

ES 5. Testing down beneath support.

Have a good afternoon/evening, Everyone.


2021-05-10_12-54-10.png
User avatar
JFR
 
Posts: 5937
Joined: Sun Dec 02, 2012 7:24 pm

Previous

Return to Traders Lounge

Who is online

Users browsing this forum: droc1000, Google [Bot], Google Adsense [Bot], marcueus3 and 32 guests