10/24/2022 Live Update

[Al_Dente]

10/24/22 According to FactSet, S&P 500 companies that have missed expectations this earnings season have fallen -4.7% on average in the two days before their report through the two days after, compared with the five-year average of -2.2%.

[Al_Dente]

Earnings: Tuesday, October 25 - Valero Energy (VLO), General Motors (GM), UPS (UPS), Coca-Cola (KO), Alphabet (GOOG),
Mattel (MAT), Microsoft (MSFT), Visa (V),

[jademann]

10/24/22 According to FactSet, S&P 500 companies that have missed expectations this earnings season have fallen -4.7% on average in the two days before their report through the two days after, compared with the five-year average of -2.2%.

Before the release, that sounds illegal to me.

[Cobra]

So far it's the same pattern as the last Friday so noting to say as the direction isn't clear. But we'll know soon whether bulls want to go more up again today.

[jademann]

Apparently, the last week of October is usually weak.

[BullTart]

Apparently, the last week of October is usually weak.

especially on mid-term election years, and even more so when there is a new democratic party in power

[Cobra]

Members only update at 12:02 pm
http://www.cobrasmarketview.com/2022/10 ... ay-update/

[JFR]

SPY 1 minute. Point and Figure.

Trend up. Near a top. Magnet/target within reach, for what it's worth.

[Al_Dente]

New: Attorney General Merrick Garland, DAG Monaco, FBI Director Wray and NatSec AAG Olsen will host
a press conference at 1:30 ET regarding a “significant national security matter.”

[BullTart]

SPX up 40 handles +1.10%

VIX also up today +2.63%

Each point the SPX goes up is getting more and more expensive. You know what that leads to.

[JFR]

FNB. Financial. Banks. Founded in 1864. HQ in Pittsburgh, Pennsylvania.

Not holding at this time. Not recommending. Just sharing information.

F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through three segments: Community Banking, Wealth Management, and Insurance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services. The company also provides consumer banking products and services, such as deposit products, mortgage and consumer lending services, and mobile and online banking services; and wealth management services comprising personal and corporate fiduciary services comprising administration of decedent and trust estates; securities brokerage and investment advisory services, mutual funds, and annuities; and commercial and personal insurance, and reinsurance products, as well as mezzanine financing options for small- to medium-sized businesses. As of December 31, 2021, it operated 334 banking offices in Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Washington, D.C., and Virginia. F.N.B. Corporation was founded in 1864 and is headquartered in Pittsburgh, Pennsylvania. -- Yahoo Finance

[JFR]

ES 5 minutes. Back down to the EMA 20.

[Cobra]

The line above probably will not hold another test.

[merryme]

10/24/22 According to FactSet, S&P 500 companies that have missed expectations this earnings season have fallen -4.7% on average in the two days before their report through the two days after, compared with the five-year average of -2.2%.

Before the release, that sounds illegal to me.

Contrary to popular believe, it is NOT illegal to get earnings info early...all you have to do is pay for it.

The Wall Street Journal
High-speed traders pay to get early earnings reports
https://www.marketwatch.com/story/high- ... tions%20of

[Trades w 2 Cats]

Nomura's models (from the evil site earlier today) ES 3835 upper bound, 3700 lower. Because of all the option expiration last week.

[Trades w 2 Cats]

Double tap overnight high, waiting to see how far it drops.

[Trades w 2 Cats]

Serious level for bulls. Failure here would not be good.

[Cobra]

Members only update at 3:33 pm
http://www.cobrasmarketview.com/2022/10 ... ay-update/

[BullBear52x]

We need to close high to hold RSI>70, it is now entering sell the rip zone on trend following setup on a daily time frame. This week will be a good time for bulls to take profit and for bears to start positioning on the TURN. Key word, the TURN, how do you detect it? subscribe to Cobra news letter. Peace!

[merryme]

Nice healthy vol today but EOD some big $ sellers aren't holding overnight!