04/13/2022 Live Update

[BullBear52x]

Market likes the PPI number? what the reason today? better than expected on the price rise? fundamental always mess you up on a short term trade.

[te_fern]

Bouncing off support line, see if we can stay in this up trend....

[Cobra]

The pullback probably will be bought.

[Trades w 2 Cats]

What could happen and what is happening arn't quite lining up. Expected deeper correction for wave 4 but it didn't bounce high enough to say we are in 5 up. Thinking the market needs to collect rent from all us players.

[JFR]

ES 60 minutes. In a base. Not really going anywhere. But scalps on the index futures have been available. Now to check on some stocks.

[Cobra]

Members only update at 12:15 pm
http://www.cobrasmarketview.com/2022/04 ... ay-update/

[Mr. BachNut]

BachNut checking in after a nice respite.

The NYMO cycle is down.
It ticked up yesterday in spite of price ticking down providing a positive divergence that perhaps signaled today's action.
Perhaps a low has been set for a new up cycle, or perhaps the market is just ready for a corrective bounce to the zero line. We shall see.

Pricewise, we have four open gaps above and one below.
Bulls managed to recapture the 200 MA but have since fallen back below.
They need closes above the March high to confirm a successful test and set the stage for retesting the ATH.
Conversely, if we get a rally that fails the above and makes new lows, the Feb/March lows come back into play.
Interestingly, The 50 MA, 200 MA and middle keltner band are all clustered around here. So, this area from 4410 - 4490 seems important.

I have no position as I have been on the beach.

[JFR]

There are some stocks in play today. ACRE is still good. And this one ...

BTG. Gold. Gold. HQ in Vancouver, Canada. Not a recommendation. Will dig deeper at some point.

B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp. In addition, it has a portfolio of other evaluation and exploration assets in Mali, Uzbekistan, and Finland. The company was incorporated in 2006 and is headquartered in Vancouver, Canada. -- Yahoo Finance

[JFR]

ES five minutes. Point and Figure. A bullish day.

Later ...

[Trades w 2 Cats]

What is this stalling out nonsense. Supposed to go to 4450, the obvious place.

[BullBear52x]

Buy this dip, until it fails then range day, first thing first.

[Cobra]

Bias is down for now but eventually the pullback might be bought again.

[Al_Dente]

Dow is up 229 points
Go bulls
(all i see is weakness)

[BullBear52x]

Lets do it bulls, if we get new intraday HH, I think the buy dip on daily will lock in. I am not bullish but the chart say no sell at this point.

[BullBear52x]

Where is rip your face off rally when you need it. Haha

[BullBear52x]

a breakout will head back up to properly filling the gap. if not today then it will be really bad for bulls.

[BullBear52x]

at this point I will watch 38.2% carefully, No failure here.

[BullBear52x]

Looking up 4475.5, long shot but who knows?

[Cobra]

Members only update at 3:35 pm
http://www.cobrasmarketview.com/2022/04 ... ay-update/

[Cobra]

Members only update at 3:47 pm
http://www.cobrasmarketview.com/2022/04 ... ay-update/