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.
Two legged pullback which was far more than bears could ever hope so maybe a rebound upon open.
Flat open so likely it's just a range day.
Attachments
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.
Two things, first media saying minimum corporate tax on Bezos etc. and of course the new wealth tax on just the super rich. Second, while earnings are beating lowered expectations media pointing out that the growth is very very low raising questions about valuations.
Another Negative price action yesterday. more weakness to be expected, a trade lower than yesterday's LOD will confirm the daily bearish shooting star.
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.
If, as some on twitter (Master Wu) claim we are in a wave 4 that needs a few days then Speaker Pelosi having the big vote end of the week would be a start. Senate passing 2 plus trillion new spending would certainly count as potential rocket fuel for that wave five before the Fed ends the party. Looking to Washington cause it seems most of the important earnings are in the rear view mirror, and the only other thing coming towards us is holiday sales numbers. And of course all that retirement money at year end.
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.
Al_Dente wrote:VIX is in the zone where SPY topped in July, August and September (see red boxes)
Daily
The attachment 1027vix.png.jpg is no longer available
Good observation! This is my "early warning" chart (Ratio VIX:VXV) which is pretty widely used by a lot of the options and vol guy's, but modified for my purposes. When the ratio of front month to 3 month vol falls below .78 markets are (historically speaking) getting toppy. It's really only valuable a few times a year but works well for me. What I like best about it, is that it is almost always early, allowing me to scale out of long positions and swing trade short. I have a 1/2 position (short) in TZA & SQQQ, will add on strength.
The line below probably won't hold another test and if breakdown, likely it'd be for real.
Attachments
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.
SPY daily, PnF. No quit in the bulls. It almost seems like the market cannot have a crash once again. Too much bullish money. Oh yeah? With hedge funds and inverse ETFs there will be plenty of downward pressure. When? We will see it in the charts. Meantime, game still on for the bulls.
Charts posted are not recommendations. They are just a sharing of information.
just 31% of issues on the NYSE are advancing at the moment ($NYADV:$NYTOT)
in other words there are 2.17 times as many decliners as advancers ($NYDEC:$NYADV)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
5min
SPY testing testing testing
fangs (pink) are on higher lows which helps the bulls
SPY momentum down
options traders thought of buying a few calls, but then changed their minds
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.