04/25/2023 Live Update

[Trades w 2 Cats]

Now what? This market looks like somebody trying to walk on an ice rink!

[Trades w 2 Cats]

Three of those all fall down drops so far!

[Cobra]

Members only update at 12:00 pm
http://www.cobrasmarketview.com/2023/04 ... ay-update/

[te_fern]

Building some momentum for the shorts... The green line is about 32.15 on this short QQQ.

[BullBear52x]

Going on the 3rd May. this is stagnated in Long term however you slice it.

[Serenity]

Banks/Financial index now are lower than Nov 3rd-5th 2020.

[Al_Dente]

Earnings after the close: GOOG, MSFT, V

[Al_Dente]

DAILY
If SPY closes here... it would be the first red Elder bar since March 22. That one also popped below 20ma, but recovered quickly.

[Cobra]

I see pennant, so bias still is down.

[Al_Dente]

REMINDER: According to Spot Gamma... in gereral... INTRADAY 2:00 - 2:30 is peak gamma...
then traders start closing out their 0DTE puts or calls.
FWIW

[Al_Dente]

REMINDER: Earnings after the close: GOOG, MSFT
At the moment "they" are frontrunnning bear, but nobody knows the EPS yet, so they're just guessing...
15min

[te_fern]

Crossed the green line at 32.15. There is a gap starting at 33.50 which it might be trying to close....

[BullBear52x]

Daily trend following setup: entering buy the dip zone, RSI >30 to trigger. time to bottom shopping.

[BullBear52x]

Intraday: are we bottom for today? should be very close now. don't catch a falling knife.

[BullBear52x]

Momentum play: no new LL from the next bearish crossed, bottom should come in. GL, Peace!

[JFR]

ES 5 minutes.

Getting squeezed by the EMA 20 and a very strong support line at 4097.

[JFR]

ES daily.

Big, down day, beneath the EMA 20. But it is still in the endless trading range.

[Cobra]

Members only update at 3:35 pm
http://www.cobrasmarketview.com/2023/04 ... ay-update/

[JFR]

INTC, Intel.

From the Dow 30, taking some major hits.

https://www.tipranks.com/news/chip-stoc ... ts-day-two

Yesterday was not a great day for chip stocks, as Intel (NASDAQ:INTC) plunged after word that Sapphire Rapids would likely not be the big seller some had hoped for. However, today isn’t looking much better, either. Some of the biggest names in the chip sector are on the decline once more as another round of selling strikes.

INTC, 60 minutes.

Short on the daily? Not for this trader. Short on day trades? Sure. Just in my opinion.

[JFR]

ES 5 minutes.

Some playable day trades to the downside.

And some possible, but tricky scalps in the trading range.

Just in my opinion.

Have a good afternoon, Everybody.

Thank you, Cobra.