02/04/2022 Live Update

[Cobra]

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Double bottom or not, wait and see. For now, it looks less likely.

Flat open so likely it'd be just a range day.

[JFR]

ES daily. Slip sliding down beneath the EMA 20.

[JFR]

ES 60 minutes. What goes up, must come down. All the way to S1.

[JFR]

SPY 15. Beneath the previous close, a key level of support and resistance.

[JFR]

ES five minutes. Strong move down in the pre-market. Finding support at S1. Looking for a foothold above the EMA 20.

[BullBear52x]

We are in the key level do or die, it will be really ugly break down or bouncing above support for today. will see, it's Friday, quick ins/outs.

[BullBear52x]

A negative price action all day yesterday, expecting more weakness, but here we are, back inside the range or continue. pivot for now.

[JFR]

ES one minute. I was looking to scalp at the open. Very dangerous of course. I was a tad late for each shift in direction. Fortunately I didn't enter. Would most likely have been stopped out before hitting a target.

[JFR]

ES five minutes. Strong move above the EMA 20.

[JFR]

BNO is still doing very well.

[JFR]

XLE, energy sector still leading.

[JFR]

NYSE ticks. Mostly running beneath zero.

Back later ...

[BullBear52x]

Fearful market day #3

[Cobra]

Members only update at 10:42 am
http://www.cobrasmarketview.com/2022/02 ... ay-update/

[Al_Dente]

10yr Treasury Yield, TNX, is 1.93%

[Cobra]

Last chance for double bottom here. Not looking good though.

[Daniel]

10yr Treasury Yield, TNX, is 1.93%

From Briefing.com:
"The fed funds futures market was already factoring in five rate hikes this year, but now the Treasury market is catching up to these expectations. The 2-yr yield is up 11 basis points to 1.30%, and the 10-yr yield is up ten basis points to 1.93%. The U.S. Dollar Index is up 0.2% to 95.56.

The base case is still a 25-bps hike in March, but the probability for a 50-bps hike has increased to 32.7% from 14.3% yesterday, according to the CME FedWatch Tool."

[BullBear52x]

Overnight low is where the support or no support, Looking down to 4422.25 for now.

[Al_Dente]

10yr Treasury Yield, TNX, is 1.93%

From Briefing.com:
"The fed funds futures market was already factoring in five rate hikes this year, but now the Treasury market is catching up to these expectations. The 2-yr yield is up 11 basis points to 1.30%, and the 10-yr yield is up ten basis points to 1.93%. The U.S. Dollar Index is up 0.2% to 95.56.

The base case is still a 25-bps hike in March, but the probability for a 50-bps hike has increased to 32.7% from 14.3% yesterday, according to the CME FedWatch Tool."

thanks boss

[Al_Dente]

AMZN is 6.3% of the QQQ
SNAP (up +47% today) isn't even in the top 10 of QQQ holdings