01/13/2023 Live Update

[Cobra]

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Double bottom or not, wait and see.

[JFR]

ES daily.

A breakout. Will it keep?

Pulling back somewhat from yesterday's close and this morning's high.

[JFR]

ES 60 minutes.

Strong pullback from the Pivot to S1.

[JFR]

ES 5 minutes.

2 hour pullback to S1, where it finds some support.

[brokebybernacke2]

vix great tell yesterday, now lets see if bulls can hold here. apple 131.44 key.

[merryme]

Watching this chart today.

[Cobra]

Members only update at 10:10 am
http://www.cobrasmarketview.com/2023/01 ... ay-update/

[Al_Dente]

Markets are now pricing in a 96% probability of a 25 bps hike at the end of the month, compared to the 77% chance that was seen prior, according to the CME's FedWatch Tool.

[Cobra]

It's a morning hourly hollow red

[Al_Dente]

1/13 AAPL
CEO Tim Cook have decided to reduce his annual compensation by 40% for 2023 in response to shareholder criticism. While his $3M base salary and $6M bonus will remain the same, the total amount of equity awards available will decrease from $75M to $40M, putting his total payout target at $49M.

[te_fern]

I saw on another blog a reference to this gentleman's EW analysis. They said he published once a month and was pretty good.

https://www.investing.com/analysis/sp-5 ... -200634309

[te_fern]

Back testing this trendline, hard to believe we can rally some more today after the last several. But, what do I know. Only price matters!!

[Cobra]

The blue line above might not hold another test so let's see whether bulls can make it there.

[Al_Dente]

......

[brokebybernacke2]

looks like market needs a rest to get over those big moving averages. have a good weekend.

[Cobra]

Members only update at 12:06 pm
http://www.cobrasmarketview.com/2023/01 ... ay-update/

[te_fern]

Pulling away from the down trend line, approaching Cobra's flat line.....

[jademann]

The VIX can bottom right here. If not, we may be looking at 16.2. I currently have a 33% SPXU position...

[q2model]

It's a morning hourly hollow red

I went through the data back to 7/1/2022, the only signals still outstanding are 10/13/2022 and today. Any thoughts on validity of 10/13/2022 signal? Market's low was 3491 on that day.

[Serenity]

I am not an option trader. There are massive puts getting expired by next Friday. If market goes down those options are profitable, I guess we have to wait till next week to see if Market would allow those option traders to take profit by pushing it down. It goes higher till those option expires. I believe BB52 posted 2.4 Put/call ratio few weeks ago. Current Put/call is 0.65.
The drop from yesterday to this morning, it is giving more room to go up till next Friday or dropping a little more like it is crashing, it makes more people shorting and be a boost for market goes up again. We might be stuck in a range days till next Friday.
They just put lots of bad news that banks are refusing to give their earning reports out. Banks made most of the profits since we enter in the bear market.