Cobra's Market View

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.

========================================================================================================================================================================

50% maybe 51% chances of small double bottom here.

The members only update starts here: http://www.cobrasmarketview.com/2020/04 ... ay-update/

ES daily. Pulled back from resistance. Well above the EMA 20. Ya know, it always seems like Thursday in the stock market.

ES 5. A good move up over 8 hours ago. Drifting back since then. Sitting on the EMA 20. Squeezed by the pivot.

Dow 30. More green than red. INTC and MSFT leading. BA trailing.

Will this hold today? I doubt it.

I will be paying attention to $VIX today, fear or no fear?

ES 5. Diving down deep.

So, Mr. Market, are we a little schizo today? Oh yeah.

awww.... looky looky.... bounced right off the phantom print... were you paying attention to that one? :DDDD

A little messy but it will be out of this soon. inside day mess.

IWM is testing its (flat) 15min 200ema from above. Hasn't really been below it since 4/6.

Still trading within its (rather large) OR-15...

Banks only quadruple+ their loan loss reserves when they expect a rough road ahead.

Looking at yesterday's range, failed to breakout so far, bottom testing is most likely, will see.

You need a pick me up? The Weight, with Robbie, Ringo and many, many others.

https://www.youtube.com/watch?v=ph1GU1qQ1zQ

JFR wrote:Ya know, it always seems like Thursday in the stock market.

No it doesn't. You're losing it, JFR. Splash some cold water on your face.

Daniel wrote:

JFR wrote:Ya know, it always seems like Thursday in the stock market.

No it doesn't. You're losing it, JFR. Splash some cold water on your face.

Buzz off, Daniel. Ha ha

Nothing wrong with Thursday. But it ain't Monday. And it ain't Friday.

Daniel wrote:IWM is testing its (flat) 15min 200ema from above. Hasn't really been below it since 4/6.
Still trading within its (rather large) OR-15...

IWM took out that range--AND yest's low--with authority. Currently testing that low from below...

Every day's a good day in the market if it's profitable.

And days are profitable when it becomes clear early enuf whether it's a range day or a trend day or an A/B day where it switches partway thru.

IWM has led to the upside in this rebound so it must be watched carefully on red days for potential downside leadership.