06/05/2023 Live Update

[Cobra]

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I think bias is up, it's not a double top here, but as always I could be very wrong, let's see.

[JFR]

ES daily.

A pause in the action, right at the top.

Trying to establish a higher level trading range.

Also trying to consolidate before continuing the breakout.

It could still backslide to the support level.

[JFR]

ES 60 minutes.

Thursday and Friday trend up days.

Today is in a range. Inside many support and resistance levels.

Above the EMA 20.

[JFR]

ES 5 minutes.

The action has been choppy and ugly for 5 hours.

[Al_Dente]

[Bloomberg]
"I looked at all the times the S&P 500 had been driven by as narrow leadership as we have today.... it’s not an uncommon occurrence."
What followed was well above-average forward returns in the index.
https://www.zerohedge.com/markets/will- ... ity-upside

[JFR]

Source:

https://themarketswatch.com/business/wh ... gJ7tPD_BwE

Not my data. Not my illustrations.

The number of planned nuclear power plants is multiplying, while Germany is turning its back on nuclear power. Even oil-producing countries are increasingly turning to nuclear power to ensure their energy security. This has caused a monumental shift in the uranium market as prices continue to soar while enriching uranium mining companies in Canada and Kazakhstan.

The UAE has delivered one of the most ambitious energy transitions in modern history with key investments in nuclear energy and the delivery and expansion of the Barakah Nuclear Energy Plant. Saudi Arabia also confirmed the establishment of the Nuclear Holding Company, which will act as the country’s nuclear developer, plans to use domestic uranium for nuclear fuel, and has recently attracted bids for its inaugural power plant.

Like a lot of things scientific, is it safe? Well, there have been horrific accidents.

[JFR]

OMF. OneMain Holdings.

Founded in 1912. HQ in Evansville, Indiana.

OneMain Holdings, Inc., a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards and insurance products comprising life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans. It operates through a network of approximately 1,400 branch offices in 44 states in the United States, as well as through its website onemainfinancial.com. The company was formerly known as Springleaf Holdings, Inc. and changed its name to OneMain Holdings, Inc. in November 2015. OneMain Holdings, Inc. was founded in 1912 and is based in Evansville, Indiana. -- Yahoo Finance

The stock market is up. More stocks are looking good.

Not recommending. Just sharing information.

[JFR]

ES 5 minutes.

Trying for a breakout.

Later ...

[Cobra]

Members only update at 10:10 am
http://www.cobrasmarketview.com/2023/06 ... ay-update/

[Cobra]

Members only update at 12:10 pm
http://www.cobrasmarketview.com/2023/06 ... ay-update/

[Al_Dente]

The AAPL event starts at 10:00 Pacific time
this link might work:
https://www.apple.com/apple-events/

[Al_Dente]

[SENTIMENT TRADER]
LOBO is an acronym we coined for Large-Only [50 contracts or more], Buy-to-Open optons.
LOBO Put Call Ratio: This ratio focuses on large traders to get a better feel for what they're trying to do. .... this ratio is best used in a contrary manner
https://mailchi.mp/sentimentrader/lobo-putcall-ratio

[Cobra]

The pullback probably will be bought.

[Serenity]

Cobra,
thank you for telling us about UFO called P Bar back in 2010. I was not a believer then but I am now.

[Cobra]

Members only update at 3:46 pm
http://www.cobrasmarketview.com/2023/06 ... ay-update/

[Cobra]

Cobra,
thank you for telling us about UFO called P Bar back in 2010. I was not a believer then but I am now.

2010? Oh, I thought you mean year 2010

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2023/06 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

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/ ... /533449374