01/26/2023 Live Update

[BullBear52x]

This month layoffs continue higher, almost 100K so far.

IBM and SAP leading the charge today.

[DellGriffith]

I used to like trading upper breaches of the bb on SPY. Unfortunately, it never happens anymore. the last time a candle was fully above the upper bb was April 6th, 2021......

I also used to have a trading system on SPY that had a winrate of something like 83-1 or something ridiculous. that stopped giving signals several years ago.

those are two setups that just never happen anymore.

[DellGriffith]

my $nyhl and $nytot system is still intact and chugging along tho.

[BullBear52x]

same chart pattern like yesterday. Red is common chart pattern, yesterday's blue was new and end the day supper bullish, we got 30 min here. will see if the red common or the rare blue?

[BullBear52x]

From my corner, any thing under horizontal red line is negative price action, so, we need to see a stronger closed.

[Cobra]

Members only update at 3:33 pm
http://www.cobrasmarketview.com/2023/01 ... ay-update/

[JFR]

Alternatives.

Rising: DBC IYR SPYG SPYV USO UUP

Falling: GLD TLT

[Cobra]

Members only update at 3:53 pm
http://www.cobrasmarketview.com/2023/01 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449397