05/18/2023 Live Update

[Cobra]

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Double top?

[BullBear52x]

Make or break. bulls need to push up and up and up, if fail to do so we are going back to where it starts yesterday. same playbook, stick to what works.

[Al_Dente]

8:30 Initial Jobless Claims [Weekly Initial Unemployment Claims decrease to 242,000]
8:30 Philly Fed Business Outlook
10:00 Existing Home Sales
10:00 E-Commerce Retail Sales
10:00 Leading Indicators
4:30 PM Fed Balance Sheet

[JFR]

ES daily.

Same wide trading range since March 31.

Edging back up towards the top.

Up off the EMA 20.

Lots of bulls out there. Do they ever give up? Ha ha. Of course they do. If they do give up, the drop through the range, and out the bottom of the range will be steep and fast.

[JFR]

ES 5 minutes.

The bears are active too. All hands in play.

Lively day coming? We will see. I will probably miss most of it.

[Al_Dente]

Earnings: Thursday, May 18 - Walmart (WMT), and Ross Stores (ROST).

[Al_Dente]

Note WMT, earnings beat

[Al_Dente]

ROST reports earnings after the close but this morning's news is:
"Ross Stores Announces Quarterly Dividend"

[Al_Dente]

Bad bank today, again
SI


PACW continues rally

[BullBear52x]

Weak starts, LL from here will have a good run down fast, Buyers need to step up here.

[Cobra]

Members only update at 10:08 am
http://www.cobrasmarketview.com/2023/05 ... ay-update/

[Cobra]

It's a morning hourly hollow red

[Serenity]

Semiconductors did very well in past few days. Maybe is time to pull back.

[Al_Dente]

[Tom McClellan]
"Copper Shows Bearish Message For Stocks
https://www.mcoscillator.com/learning_c ... or_stocks/

[ccash04]

Think this continues up pretty quick until upper BB just above 418

[BullBear52x]

This should hold up well into Friday option expiry.

[Al_Dente]

SPX, pink- box target shows new high
But the analysts: NYAD, NAAD, show divergence at the moment

[Cobra]

Break to the new day high in the next couple of bars with a good looking bull bar then it's an early sign of an uptrend day.

[BullBear52x]

That's all she wrote today me thinks.

[Serenity]

$Nikk 225 is very close to high as Sept. 2021. Biden is in Japan now.