04/25/2024 Live Update

[Cobra]

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Maybe the revisit of the previous low has started which is a common pattern for a solid bottom. Should the revisit break the previous low decisively then we'll have another leg down. For now, we'll have to see how the revisit goes.

[Trades w 2 Cats]

GDP made an ugly pre-market bar. Chattering class talking about Faceplant but GDP was a much uglier bar.

[BullBear52x]

Simply trend following.

[Trades w 2 Cats]

Holding at Mondays VPOC

[BullBear52x]

AAPL is the strongest among the power houses, in term of "momentum"

[Cobra]

Members only update at 10:06 am
http://www.cobrasmarketview.com/2024/04 ... ay-update/

[BullBear52x]

Gap play, go or no go? gap up/down and go nowhere is common, just to drain out day traders. as of now, it is an early sign of range day, boring , walk the dog day.

[tsf]

THANK YOU, Cobra, Tw2C, and BB52x.
So far, koolblue's chart in the weekend proves to be amazingly accurate.
Cobra's forum shines in times like these.

[Cobra]

Breakout is more likely as the line has been tested many times.

[Cobra]

Members only update at 12:10 pm
http://www.cobrasmarketview.com/2024/04 ... ay-update/

[Trades w 2 Cats]

Like Bull Bear said, good day to do chores as we wait for earnings.

As a wit on X said yesterday Zucker burg didn't get it. You are supposed to talk about AI not spend serious money on it. So we see if Mr Softy and Goog got the message. When the only company in the world that makes the equipment that can make AI chips said no increase in orders it makes me think they do get it and Zuck was the odd man out.

[Cobra]

This bull shall have legs.

[Cobra]

Consolidation, bias still is up.

[BullBear52x]

Swing setup: last sell failed, bears got one good one out of it but no follow though, next dip will be bought, another way to think of it on the higher degree of chart is that we are in a bearish consolidation phase.

Intraday: new swing low, it is bearish bias, need to see clear reversal from here for bulls, see red line bears need to maintain a close below that to keep the bearish price action into tomorrow.

Internals: Bearish bias, know where your money is.....Daily trend = wait for new Sell, Swing setup = wait for new Buy. trade well, peace!

[Cobra]

Members only update at 3:32 pm
http://www.cobrasmarketview.com/2024/04 ... ay-update/

[Trades w 2 Cats]

Mr. Market treated GDP like a normal news event. Took a long time but it climbed back. Everything hanghs on the big earnings reports tonight. Then what ever happens the focus will be on the Fed and Nvidia .

May you live in interesting times!

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2024/04 ... 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