Touch the blue line again in the next couple of bars then breakout would be more likely. Sharp pullback here then we finally know the range high and low of today.
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Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates in two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and oil companies and supplies it to independently operated dealer stations, distributors and other consumer of motor fuel, and partnership operated stations, as well as to commission agent locations. The All Other segment operates retail stores that offer motor fuel, merchandise, foodservice, and other services that include credit card processing, car washes, lottery, automated teller machines, money orders, prepaid phone cards, and wireless services. It also leases and subleases real estate properties; and operates terminal facilities on the Hawaiian Islands. As of December 31, 2020, the company operated 78 retail stores in Hawaii and New Jersey. Sunoco GP LLC serves as the general partner of the company. The company was formerly known as Susser Petroleum Partners LP and changed its name to Sunoco LP in October 2014. Sunoco LP was incorporated in 2012 and is headquartered in Dallas, Texas. -- Yahoo Finance
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False breakout but if bulls can touch the blue line again then breakout would be more likely and for real.
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Hi All.....I just had a birthday and turned 94. I still trade but on a reduced scale and not everyday. I enjoy reading all your posts and Cobras. I think Cobra is one of the best and will continue to enjoy his web site. Here is to another year. Kena
KENA wrote:Hi All.....I just had a birthday and turned 94. I still trade but on a reduced scale and not everyday. I enjoy reading all your posts and Cobras. I think Cobra is one of the best and will continue to enjoy his web site. Here is to another year. Kena
Dear Kena: I remember you fondly from the "good old days" Happy Birthday Buddy
I see kind of ascending triangle so still, if bulls are able to touch the blue line above then a breakout would be more likely and this time is more likely for real.
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Summary of Nomura's McElligott today:
Explosive short covering since 1/28
4581 is a key level for the S&P 500 to extend gains;
4500 is the line in the sand;
4480 is the downside Vol Trigger, and
4437 is the 200DMA.
KENA wrote:Hi All.....I just had a birthday and turned 94. I still trade but on a reduced scale and not everyday. I enjoy reading all your posts and Cobras. I think Cobra is one of the best and will continue to enjoy his web site. Here is to another year. Kena
Happy Birthday, KENA. Keep on trading, and God Bless.
Cobra's site is the best.
Charts posted are not recommendations. They are just a sharing of information.
KENA wrote:Hi All.....I just had a birthday and turned 94. I still trade but on a reduced scale and not everyday. I enjoy reading all your posts and Cobras. I think Cobra is one of the best and will continue to enjoy his web site. Here is to another year. Kena
Dear Kena: I remember you fondly from the "good old days" Happy Birthday Buddy
I remember Kena as a big man, always go to gym. but I didn't know He's in his 90's. Happy B-day!
My comments are for entertainment/educational purpose only. NOT a trade advice.
2/1 The S&P Biotech ETF, one of the largest U.S. biotech ETFs, has a short interest percent of float of 57.7% according to S3 Partners. XBI is 1x; LABU is 3x
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Over bought on up trend vs Over bought on down trend. not gonna last more than 2-3 trading days, we will have a pull back. with this chart I am over 60% confidential level that bears will make money by Friday.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
2yr yield is 1.18%
10yr yield is 1.78%
Does that mean they don't have much faith in the longer term?
eg: Why would they continue bidding up the 2yr over the 10yr?
(real questions, not rhetorical)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.