07/23/2020 Live Update

[Cobra]

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No idea up or down from here. Possible range day.

[Cobra]

The members only update starts here: http://www.cobrasmarketview.com/2020/07 ... ay-update/

[Heck]

QQQ BUYING > 263.46

[BullBear52x]

sell day for me again today, got to stick to what I know. for now MA support. ES waiting for new entry.

[BullBear52x]

Buy, Sell, or Hold

Sell now.

[BullBear52x]

Cash SPX, a fail breakout will send it back down fast, a breakout will be slow and limited.

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2020/07 ... ay-update/

[BullBear52x]

Half off always, greed kills....

[BullBear52x]

This is as good as trend day
in range still.

[Heck]

All Three ISEE Indices = UP UP UP
$TRIN > 1
SPY BUYING > 325.52

Green close ?

[BullBear52x]

intraday range, from here will see who will win the breakout of either sides. a breakout to the down side will send another shock wave of at the least 1 STD. 15 handles or so. will see time for a break.

[Cobra]

Assume the day's range high and low for now.

[BullBear52x]

So far bears got TRIN on their side and at overbought upper band, bullish and overbought. come back to mid band will be healthier at least for me to buy in. got to look out for your own benefit first, then society later, that's how the government operates.

[Al_Dente]

TWTR July 23, EPS miss: stock up
MSFT July 22, EPS beat, stock down
TSLA July 22, EPS beat, stock up

FYI:
MSFT is weighted at 11% of QQQ, and it is 5.8% of SPY (the #1 SPY holding)
TSLA is 2.65% of QQQ, and it is not in SPY …. yet...

[Al_Dente]

FANGs+
15min

[Al_Dente]

THE BIG FIVE, 10 days
The purple-dashed line is SPX %
In the old days (last month), the Big Five were ABOVE SPX and pulling it higher
Now the Big Five are weighing it down
That means that all the other sectors must keep pushing higher to prop up the SPX, and/or the Big Five must rally, else SPX must succumb to gravity

[Heck]

We bought more QQQ Calls

[Al_Dente]

[via Sam Ro]

[Cobra]

Members only update at 12:10 pm
http://www.cobrasmarketview.com/2020/07 ... ay-update/

[Cobra]

Testing range low, consolidation here instead of a sharp rebound would be bad. Watch carefully.