07/24/2025 Live Update

[Cobra]

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Consolidation overnight, breakout on the upside is more likely. Need away from desk, will be back afternoon.

[BullBear52x]

Intraday: another swing high, it is bullish bias, don't short the dull market as the old saying.....short term is very overbought in many measure. so I am 50/50 on both side, dip will be bought that is for sure.

[Trades w 2 Cats]

Well defined range for now.

[Trades w 2 Cats]

We are in the target range. Could extend beyond of course. If it heads south it would be the regular summer sell off.

[Trades w 2 Cats]

Moved lower boundary up as we now have very clear range markers.

[BullBear52x]

A classic climbing the wall of worry. there will be no reversal until the MA fails to support, so far it's easy trade for bulls.

[JFR]

ES daily.

At the top.

Very wide range.

Attempting another breakout.

[JFR]

ES hourly.

Also attempting a breakout here.

Nice move up on Wednesday.

[JFR]

ES 5 minutes.

Some playable moves.

The last one almost 20 points.

[JFR]

Mixed action on index Futures and ETFs.

Some up. Some down.

[JFR]

All's quiet on the Dow.

AMZN leading, so to speak.

Trailing, and taking hits, IBM, HON and UNH.

[JFR]

Alternative assets.

Oil up.

SPYG up modestly.

Gold down.

Risk on? Ha ha. Hardly.

More like No Man's Land.

[Trades w 2 Cats]

They moved it up to the next option strike. I assume when fives and zeros denote levels the big market makers are defending positions.Given we are a record highs it is no surprise.

[BullBear52x]

Buyers are not all that strong today, overbought + negative A/D. watch for the next dip if this high will stand.

[BullBear52x]

Intraday: bullish, watch the RED line. do or don't.

[JFR]

WCP.TO Whitecap Resources

Founded in 2008. HQ in Calgary, Alberta.

Whitecap Resources, Inc. engages in the acquisition, development, and production of crude oil and natural gas. -- StockCharts

A quick check shows the fundamentals are satisfactory, not great. But the chart is very nice.

Not recommending, and I did not check the latest earnings or news, mostly technicals; that is, the chart caught my attention.

Back later on this quiet day ...

[Trades w 2 Cats]

Well that sure looked like the kiss good by to the day's high. Time will tell.

[Cobra]

Members only update at 1:05 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Cobra]

Possible higher low.

[Trades w 2 Cats]

Higher low, higher high. Waiting for something to derail the train is a long wait.