Cobra's Market View

No man's land, bears need to see a closed under 38.2% to see the run down continuation.

ES down targets.

As I said, consolidation along the support would be bad. Now the next target could be the yesterday's low.

Testing the yesterday's low, still the same: Consolidation would mean break down. Break though without a pause then likely it's just a head fake. Sharp rebound then it's the new range low.

put buying

From here on the short term swing sell position is on. Short term swing sell stop is 3260. time to go fishing bears.

For ES, I will be ahead 20 handles before I will hold anything overnight.

That's all she wrote for me today. have a good one, tomorrow fishing I don't see a trend day but sideways. will check early in the morning but not planing to trade, don't want to ruin the fishing trip. Peace!

I am on the ground here in SF CA. I shoundnt have come. Absolutely nothing is open. Nothing to do , nothing to eat. The place is deserted. Can’t rent a car. Can’t visit Yosemite.tookthe risk in coming but wasted time and money. What. A vacation...
Wondering if we are witnessing the end of the FANG trade now that some reached 1.7T dollars!

Generally the rebound should be sold somewhere.

On squawk they just said aapl being investigated for deceptive practises oops!

Who is still above 5dma, at the moment:
XLV health
IWM smalls (on the cusp)
KBE big banks in the spx
XLI industrials
RCD equal-weight discretionary
XRT retail
XHB homebuilders
also
GLD gold (GDX miners are on the cusp)
XLE but not USO
all bonds
staples
utilities

Who is below 5dma, at the moment:
SPX
INDU
QQQ
FANGs+
SMH semis
XBI biotech
XLRE and IYT real estate, both are all over the place

at exactly 2:30pm the Fed announced that it had "broadened the set of firms eligible to transact with and provide services in three emergency lending facilities.
https://www.federalreserve.gov/newseven ... 00723a.htm

and zh opines:
https://www.zerohedge.com/markets/stock ... to+zero%29

EPS Today, Thursday, July 23 after the close: ETFC, INTC
Tomorrow, Friday, July 24, before the open: AXP, VZ

I wanted to see if the Fidelity folks were selling TECH
They are not ... they're buying at the moment
https://eresearch.fidelity.com/eresearc ... ders.jhtml

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

Just curious, was yesterday an all up day? Stock, Gold, Bond, , Etc