01/24/2023 Live Update

[BullBear52x]

Gap filled, intraday sell setup, until this sell fails will the bulls got a say. inside day, Harami in the making.

[merryme]

FYI, on Friday my Xcontrol indicator showed that buyers were in Xcontrol of SPY. But, the ES did not show a similar Xcontrol until yesterday. (I don't like when the Xcontrol shows SPY buyers but not ES buyers as ES is where the smart money plays.) My scans EOD yesterday showed weak buying overall BUT my Institutional buying scan was over 3 times what it usually is. EOD buying based on TC2000 BOP was heavy. Got to run...best to everyone.

RE: XCONTROL indicator....it is from MBOX. And it works great!

[jademann]

Bears may need to wait until SH=15, which looks like it will take about a week or so.
I cant be a bull here so.. flat and watching.

[Trades w 2 Cats]

te_fern- this is my Garmin map for now. I really do feel like I am picking up nickels, BUT where do you fault this count. PS not original by me at all. The alternate is of course that Primary 2 has lower to go. Until then it obeys the rules, respects the Bollinger 20 20 band and shows reactions where the McClellan says it should.

[te_fern]

Been trading the noise, but it's gotten real tight. Be interesting to see which way this breaks!!

[te_fern]

^SP500 (Daily) 2023_01_24 (10_43_55 AM).png

te_fern- this is my Garmin map for now. I really do feel like I am picking up nickels, BUT where do you fault this count. PS not original by me at all. The alternate is of course that Primary 2 has lower to go. Until then it obeys the rules, respects the Bollinger 20 20 band and shows reactions where the McClellan says it should.

Thanks Cats,
I think the EW counts have gotten pretty muddy, over at Pretzel Logics site, they are debating where we are right now! LOL!

[te_fern]

^SP500 (Daily) 2023_01_24 (10_43_55 AM).png

te_fern- this is my Garmin map for now. I really do feel like I am picking up nickels,

Cats, you're doing better then me, I'm picking up pennies and you're getting nickels!! LOL!

[Cobra]

Members only update at 12:02 pm
http://www.cobrasmarketview.com/2023/01 ... ay-update/

[te_fern]

Broke south, picked up a little to see if it would bounce back!!

[Cobra]

Possible double top, tinted area is the text book target which usually won't be reached.

[te_fern]

Trade stopped out for 2 nickels!! I'm learning!! LOL!

[Trades w 2 Cats]

Sarting to like this chart better. Had some issues with it as El Fumar decided to sit on the keyboard at the wrong time. Added heat map 2 days worth of volume profile. All the boxes are set for a full point. It is supposed to show where the active money is sitting. Working well in a zero brain range day, Ha Ha

I do like the little gradiant boxes across the bottom for a quick read on trend. Lower line is cumulative delta from the open, upper is the current bar relative to recent action.

[DellGriffith]

currently, SPY is showing short-term overbought but its also sitting at a lower high.

[JFR]

The stock market, as represented by ES and SPY, is not going anywhere today, and it is messy, chopping along.

But there are usually some stocks or ETFs or futures moving well enough for a play.

This one got my attention the other day. JXN. HQ in Lansing, Michigan.

Not holding at this time. But I like it. If the price behaves as I would like, it will make a good play, either as a daytrade or for overnight holding. Helluva move up for 6 days.

And of course, not recommending.

Jackson Financial Inc., through its subsidiaries, primarily provides a suite of annuities to retail investors in the United States. The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and immediate payout annuities, as well as registered index-linked annuities and lifetime income solutions. The Institutional Products segment provides traditional guaranteed investment contracts; funding agreements comprising agreements issued in conjunction with its participation in the U.S. federal home loan bank program; and medium-term funding agreement-backed notes. The Closed Life and Annuity Blocks segment offers various protection products, such as whole life, universal life, variable universal life, and term life insurance products, as well as fixed, fixed index, and payout annuities. This segment also provides a block of group payout annuities. The company also offers investment management services. It sells its products through a distribution network that includes independent broker-dealers, banks and other financial institutions, wirehouses and regional broker-dealers, and independent registered investment advisors, third-party platforms, and insurance agents. Jackson Financial Inc. was formerly known as Brooke (Holdco1) Inc. and changed its name to Jackson Financial Inc. in July 2020. The company was incorporated in 2006 and is headquartered in Lansing, Michigan. -- Yahoo Finance

[JFR]

ES 5 minutes.

This is ughh lee.

Back later.

[Al_Dente]

Walmart is raising its minimum wage to $14 an hour for store employees.
Starting in early March, the retailer’s U.S. average wage is expected to be more than $17.50.
The company, the nation’s largest private employer, is also sweetening its college tuition program and creating more high-paid roles at its auto centers.

https://www.cnbc.com/2023/01/24/walmart ... tight.html

[BullBear52x]

Today internals are all lining up for more selling pressure. inside day is indecision day for the market. negative price action from yesterday need a follow through, at the least close below 38.2% or daily swing low. There is confusing time, today is one of those times.

[jademann]

I think everyone is waiting for MSFT earnings. Any one with a crystal ball? I dont play 50/50 odds.

[BullBear52x]

Latest layoffs.

The more layoffs on the line, the higher the unemployment, in turn leads to a recession and lower stock price. unemployment rate is very close to cross over yearly average.

[BullBear52x]

This month layoffs is already higher than last November.