Back to www.cobrasmarketview.com

12/07/2023 Live Update

User avatar
Cobra
Site Admin
Posts: 58096
Joined: Sat Feb 12, 2011 10:29 pm

12/07/2023 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 cobra@cobrasmarketview.com.
================================================================================================================================

Might be a range here, now on the way to the range high.
Attachments
0.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: 58096
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/07/2023 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: 58096
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/07/2023 Live Update

Post by Cobra »

It's a morning hourly filled black bar
Attachments
0.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
JFR
Posts: 10027
Joined: Sun Dec 02, 2012 7:24 pm

Re: 12/07/2023 Live Update

Post by JFR »

ES daily.

Day 14 in this very tight trading range.

Above the EMA 20.

2023-12-07_07-11-36.png
Charts posted are not recommendations. They are just a sharing of information.
Trades w 2 Cats
Posts: 1680
Joined: Tue Dec 15, 2020 3:48 pm

Re: 12/07/2023 Live Update

Post by Trades w 2 Cats »

MES 12-23 (800 Tick) 2023_12_07 (7_08_12 AM).png
Nice impulse up overnight. No impulse in regular hours. Watch Morad's show this morning (FuturesTrader 71) where he pointed out the delta on the overnight lift was really thin. He was going to sit on hands for at least the 1st half hour segment today. Seems like the standard advice for today, wait for the market to speak. Thinking the market won't speak into all that payrolls data hit tomorrow at ugly ugly 5:30 AM here in SoCal. :lol: :lol:
User avatar
JFR
Posts: 10027
Joined: Sun Dec 02, 2012 7:24 pm

Re: 12/07/2023 Live Update

Post by JFR »

ES 60 minutes.

A roller coaster.

Up through the Pivot.

2023-12-07_07-15-09.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10027
Joined: Sun Dec 02, 2012 7:24 pm

Re: 12/07/2023 Live Update

Post by JFR »

ES 5 minutes.

Through the Pivot, up to R1, and looking for more upside.

2023-12-07_07-18-17.png
Charts posted are not recommendations. They are just a sharing of information.
Trades w 2 Cats
Posts: 1680
Joined: Tue Dec 15, 2020 3:48 pm

Re: 12/07/2023 Live Update

Post by Trades w 2 Cats »

MES 12-23 (800 Tick) 2023_12_07 (7_26_56 AM).png
It is ugly but it works for me. The Fib relationships are about right.
Bigger picture need this thing to get into the 4600's off the jobs report or fall hard below the 4550's to get a trend going so the experts can update their larger time scale counts.
User avatar
Cobra
Site Admin
Posts: 58096
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/07/2023 Live Update

Post by Cobra »

The pullback probably will be bought. So far looks like a strong uptrend day. Tomorrow's data leaked?
Attachments
0.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
JFR
Posts: 10027
Joined: Sun Dec 02, 2012 7:24 pm

Re: 12/07/2023 Live Update

Post by JFR »

DFH, LEN and MTH have all been doing very well.

Home building and related interests.

2023-12-07_07-48-14.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10027
Joined: Sun Dec 02, 2012 7:24 pm

Re: 12/07/2023 Live Update

Post by JFR »

ES 5 minutes.

We've hit the pause/pullback button.

Approaching the EMA 20.

2023-12-07_07-58-12.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
Cobra
Site Admin
Posts: 58096
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/07/2023 Live Update

Post by Cobra »

The bought was a lower high, now see whether it's a double top here. Need decisively clear the EMA20 below.
Attachments
0.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: 58096
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/07/2023 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: 29374
Joined: Tue Feb 22, 2011 3:47 pm

Re: 12/07/2023 Live Update

Post by BullBear52x »

Swing setup: no change, day #4 since last buy triggered and still kicking.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29374
Joined: Tue Feb 22, 2011 3:47 pm

Re: 12/07/2023 Live Update

Post by BullBear52x »

Intraday, inside day, same playbook. bullish bias above 61.8%
Attachments
2.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29374
Joined: Tue Feb 22, 2011 3:47 pm

Re: 12/07/2023 Live Update

Post by BullBear52x »

Internals, back to positive again, it has been a battle field in this range for a good long time, patience is key for none day traders. Peace!
Attachments
3.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
theRASPYone
Posts: 50
Joined: Mon Mar 26, 2012 3:54 am

Re: 12/07/2023 Live Update

Post by theRASPYone »

So, last Friday was a strong buying day. Cobra said "this Bull shall have legs" during the day.
I know that Cobra has said that in the past and on charts, I'm pretty much gathering it just means another round of strong buying will happen if a sell off happens or it'll just keep going up, I guess? That Friday just kept going up! So, maybe it also means to just keep buying! Any insight on what this means intraday Cobra? (If your busy doing stuff you don't have to answer! Thanks)
User avatar
Cobra
Site Admin
Posts: 58096
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/07/2023 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
theRASPYone
Posts: 50
Joined: Mon Mar 26, 2012 3:54 am

Re: 12/07/2023 Live Update

Post by theRASPYone »

CmFy_UzWIAUZVWM.png
I think I answered my own question with this post! :oops: :)
User avatar
Cobra
Site Admin
Posts: 58096
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/07/2023 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.
Post Reply