02/22/2023 Live Update

[Cobra]

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Double bottom? Not sure. Even it is, might be too small to sustain a big rebound.

[JFR]

ES daily.

Strong move down, well beneath the EMA 20.

[JFR]

ES 60 minutes.

The big hill down on the roller coaster. Relatively smooth action.

AFK, away from the desktop keyboard most of the day. "Let's be careful out there."

[Al_Dente]

2/21 "We do see a unique environment with many cross currents right now... Customers are still spending money... [but] balance sheets are continuing to get thinner, the savings rate is roughly half of what it was at a pre-pandemic level and we've not been in a situation like this where the Fed is raising at the rate that it does," said executives from Home Depot and Walmart. "So, that makes us cautious on the economic outlook because we simply don't know what we don't know. [Earnings calls]

"Keep in mind that while the S&P Retail ETF (XRT) stumbled 5% on Tuesday, the industry gauge has climbed 13% YTD, which is nearly triple the 4.5% advance of the benchmark S&P 500. [Seeking Alpha]

ALSO: Fed minutes today 2:00

[Trades w 2 Cats]

Comment- S&P is very heavily weighted to the Tech Communications giants. At the same time retail is where inflation has hit the hardest. So anyone trying to say average family is spending lots of money is right, but they are spending it on eggs, not new I phones.

[merryme]

My plan. The break of the green line was a big deal for me. Best support is orange line.

[Cobra]

Members only update at 10:05 am
http://www.cobrasmarketview.com/2023/02 ... ay-update/

[Cobra]

Biggest red bar by far, so maybe a rebound here first then we'll see. I even guess the low was in for today, just to see whether my feeling is good.

[Cobra]

Called a little earlier, but maybe this time low was indeed in for the day. Sometimes there's a higher low revisit though.

[Cobra]

Members only update at 12:00 pm
http://www.cobrasmarketview.com/2023/02 ... ay-update/

[Cobra]

A little resistance here.

[brokebybernacke2]

elton john. seeking elton john day, burning out his fuse up here alone

[BullBear52x]

Swing sell setup, until this sell fails will the reversal be called Positive.

[Cobra]

Now breakout is a little more likely.

[BullBear52x]

Intraday, same red line as yesterday. bulls need to move higher and close higher to earn positive price action.

[BullBear52x]

Daily trend following buy setup, RSI > 30 will trigger buy signal. not yet.

[JFR]

Alternatives.

Down: DBC, USO.

Up: TLT.

Rising a bit: SPYG,SPYV,UUP.

Relatively flat: GLD, IYR.

[merryme]

Buying present at 2nd arrow w/ down move ... compare the length of the moves with similar volume.

[BullBear52x]

Today is the day that will tell, How much do you know your chart

Market generated info are all there, time to connect the dots.

[JFR]

HVT. Haverty Furniture Companies. Founded in 1885. HQ in Atlanta, Georgia.

Slim pickings from stock screens today, with the market struggling for a handful of days.

But here is one with good value, by my standards. And the stock market likes it.

Not holding at this time, but if the price behaves, I will be tempted, both for day trades and for swing trades. Not recommending, just sharing information.

AFK again ...

Haverty Furniture Companies, Inc. operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products and eclectic looks; and mattress product lines under the Sealy, Stearns and Foster, Tempur-Pedic, and Serta names, as well as private label Skye name. The company sells home furnishings through its retail stores, as well as through its Website. As of December 31, 2021, it operated 121 showrooms in 16 states in the Southern and Midwestern regions. Haverty Furniture Companies, Inc. was founded in 1885 and is headquartered in Atlanta, Georgia. -- Yahoo Finance Profile