02/03/2022 Live Update

[BullBear52x]

A daily trend following setup, sell the rips triggers today.

[BullBear52x]

A penny LL will stop out swing buy, short term down trend will be very bearish from here on. Buyers beware!!!

[Trades w 2 Cats]

Big ledge has ben support for two days. Plenty of time for big boys to decide their insurance buy points. They start buying puts market makers start selling underlying and we water fall, again.

[Al_Dente]

Fidelity retailers have plenty of BUY FB orders stacked up
https://eresearch.fidelity.com/eresearc ... ders.jhtml

[Cobra]

Members only update at 12:12 pm
http://www.cobrasmarketview.com/2022/02 ... ay-update/

[Trades w 2 Cats]

Measured move to the tick, no way the century level will not be defended.

[Al_Dente]

TRIVIA:
If you own single stock FB you are down -25.2% intraday
If you own the group QQQ etf you are down -2.99%
If you own the leveraged TQQQ you are down -8.91%

If you own SPY you are down -1.6% intraday
If you own the leveraged SPXL you are down -4.98%

[Cobra]

Not a valid breakdown yet but not looking good, breakdown is more likely.

[Al_Dente]

THE ELEVEN SECTORS on the daily:
XLC is overweight FB and GOOG (XLK does not own FB and GOOG)
FB is the largest holding in XLC at 23%. GOOG and GOOGL combined hold 22.06%
(All other XLC holdings are 4.7% each, and less)

[Al_Dente]

AMZN Earnings today, Feb 3, after the close
[add: btw AMZN is roughly 3% of SPY, while FB was roughly 2%]

[BullBear52x]

Bearish to continue? 38.2% is best answer for me.

[bb8bb9]

AMZN Earnings today, Feb 3, after the close

Thanks for all your posts, Al!

I would be shocked if AMZN would go down another 10% from the current level after ER. Accordingly, I am giving NQ 14400 as the low of this week, and sold some 14400 puts (Friday exp) in last 30 min or so. I also have quite a few 14200 puts that I sold this Tues and some 15500 calls that I sold early Thurs morning. Let's see if I finally got killed by these shorted puts

[JFR]

ES 60 minutes. Pushed strongly down beneath the S2 level.

[Al_Dente]

AMZN Earnings today, Feb 3, after the close

Thanks for all your posts, Al!

I would be shocked if AMZN would go down another 10% from the current level after ER. Accordingly, I am giving NQ 14400 as the low of this week, and sold some 14400 puts (Friday exp) in last 30 min or so. I also have quite a few 14200 puts that I sold this Tues and some 15500 calls that I sold early Thurs morning. Let's see if I finally got killed by these shorted puts

thanks boss

[Trades w 2 Cats]

Morad (Futures Trader 71) picked 4500, 4485 and 4465 as the primary levels today. So playing the what would they pick game game theory that tells you where the volume profile people are likely to place positions. This 1 minute chart makes that crystal clear. I have added Harry's (Lizard Trading) weekly VWAP. It certainly has shown the lows so far this week.
The white outline volume profile is a weekly.

[Al_Dente]

re the FB crash
Mish says: "A change by Apple caused this"
https://mishtalk.com/economics/facebook ... h-is-alive

[Cobra]

Consolidation, bias is down.

[Al_Dente]

....

[Al_Dente]

EXPECTIONS FOR AMZN eps
"Wall Street looks for Amazon to report adjusted earnings of $3.72 a share. That's a 7% drop from the year-ago period but a big improvement from a 51% drop in the previous quarter.
"Analysts see revenue of $137.7 billion, according to FactSet, up 10% but representing the company's slowest growth in more than seven quarters. Global supply-chain issues are among the reasons for the slower growth. Labor shortages are another reason.
[Investors Business Daily, today]
AMZN is now down -6.55%

[BullBear52x]

Looking down 4475.5 /ES