05/31/2023 Live Update

[Cobra]

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Some chances of a 3 push down here (some chances it could be measured move down which is a bearish case but as always we should always give bulls the benefit the doubt) which if indeed then we should see a 2 legged rebound upon open.

[Al_Dente]

AAPL approaching breakout high... or double top?
DAILY

[Cobra]

Members only update at 10:03 am
http://www.cobrasmarketview.com/2023/05 ... ay-update/

[te_fern]

Anyone else having to transition from TD Ameritrade to Schwab today. I guess I'll have to figure out a new screen setup and how things work!

[Trades w 2 Cats]

Before the open today
Edit- this is the option expiring today. that big spike of puts below 4,200 is new

[Al_Dente]

FYI:
GEHC spinoff to join NDX-100, prior to market open on Wednesday, June 7.
FISV will be removed from the NDX

[Al_Dente]

Anyone else having to transition from TD Ameritrade to Schwab today. I guess I'll have to figure out a new screen setup and how things work!

Fern: Here's my setup on Schwab, 5min, FWIW

[te_fern]

Anyone else having to transition from TD Ameritrade to Schwab today. I guess I'll have to figure out a new screen setup and how things work!

Fern: Here's my setup on Schwab, 5min, FWIW

Screenshot 2023-05-31 072022.png

Thank you! As I start playing with it I may have some questions. Were you always on Schwab or did you move over from TD?

[Al_Dente]

...Thank you! As I start playing with it I may have some questions. Were you always on Schwab or did you move over from TD?

Always on Schwab

[BullBear52x]

almost there? no divergence on intraday just yet. but close.

[Cobra]

A valid breakdown to the new day low in the next couple of bar then it'd be a downtrend day.

[JFR]

ES daily.

Bearish marubozu candle down to the EMA 20.

[JFR]

ES 60 minutes.

Down. Down. Down.

From R1, through the Pivot, through S1, all the way to S2.

[JFR]

ES 5 minutes.

Down to S2, where it finds support.

Testing down.

Beneath the EMA 20.

[BullBear52x]

What I learned from $BPSPX: daily crossed down under 21MA, there's short squeeze to follow, this time there is two crossed within weeks apart, that is why it gets a little confusing, but topee nonetheless.

[BullBear52x]

For the reason above, no buy until elder impulse system changes color for $BPSPX. simplifies!

[Al_Dente]

Note SOFI
[news: something about how they will gain from student debt thing, once the debt ceiling bill is voted up]

[JFR]

TQQQ.

Leveraged QQQ.

What's to like?

Trend up. All indicators go. The pullback offers opportunity to get in long. If it resumes up, then it is very, very bullish.

What's not to like?

It is all alone up there.

DIA is down in May.

IWM is flat through May.

And SPY is chopping along, flat through May.

Be a player on TQQQ or QQQ? Well, I believe I have to be, when and if it resumes its upward trend. But with a quick finger on the exit button, and more focused towards day trading than swing trading.

How did Jim Rogers say he makes money?

Legendary investor Jim Rogers once wrote, "The way of the successful investor is normally to do nothing -- not until you see money lying there, somewhere over in the corner, and all that is left for you to do is go over and pick it up."

Just imo.

[BullBear52x]

It's everywhere. just pick it up.

[Al_Dente]

Note AAP
[earnings significantly missed Wall Street’s expectations]