01/24/2024 Live Update

[Cobra]

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This bull shall have legs.

[BullBear52x]

Daily price action analog. hoping for a good volatile day today.

[Cobra]

Members only update at 10:16 am
http://www.cobrasmarketview.com/2024/01 ... ay-update/

[Cobra]

It's a morning hourly filled black bar

[Cobra]

So far looks like a strong uptrend day.

[Cobra]

The pullback should be bought.

[JFR]

SPY 5 minutes.

Stun Gun kind of day.

Gap up, no go.

[JFR]

ES daily.

New high. Bullish of course.

The market is up for the month of January. A good sign, but it is not up much.

Well above the EMA 20.

[JFR]

ES 60 minutes.

Up. Up. Up.

Through S3, S2, S1, the Pivot, R1 and R2.

Now hitting some chop.

[JFR]

GSBD. Goldman Sachs BDC. Asset Managers.

Good value. P/E 11.09

Income from dividends. 1.8

Yield. 11.8%

Slow, steady trend up since November.

Lots to like.

But not recommending, of course.

Goldman Sachs BDC, Inc. is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities. The fund primarily invests in United States. It seeks to invest between $10 million and $75 million in companies with EBITDA between $5 million and $75 million annually. -- Yahoo Finance.

[JFR]

SPY. SPYG. SPYV.

Daily charts and 5 minute charts.

I usually prefer value stocks over growth stocks.

But it is growth stocks, SPYG, that are being snapped up at this time.

What's the diff?

[BullBear52x]

Swing setup: buyers are still waiting for a good dip to buy, no change, dips will be bought.

[BullBear52x]

Intraday: up and up and up, same playbook, dips will be bought. no negative price action to call to.

[Cobra]

Members only update at 12:48 pm
http://www.cobrasmarketview.com/2024/01 ... ay-update/

[BullBear52x]

Internals: bullish bias, any time you see the selling pressure, the more exciting the pajama traders buy in. Peace!

[Cobra]

Breakout should be more likely

[Ratbastrd]

$VIX Green, $SPX Green. Anticipating an interim top here. Looking for a retracement to the breakout.

[BullBear52x]

Bonus chart, look at this chart I can not be overly bullish, we need to see $NYMO turns green, or this is just going no where. the wall of worry maybe too steep. relief rally pull back is not bearish I don't see why people are so FOMO on this run up? Hmmm

[Cobra]

This bear shall have legs? I cannot believe I said this.

[BullBear52x]

Day trade made simple, rounding top. rips will be sold.