06/20/2023 Live Update

[Cobra]

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Double top breakdown so bears finally have some chances?

[te_fern]

Concerning the QQQ's (this is an inverse short), got the MA line to cross, need to break this down trend line....

[Cobra]

Members only update at 10:10 am
http://www.cobrasmarketview.com/2023/06 ... ay-update/

[Al_Dente]

THIS MORNING: Housing Starts:
"Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,631,000. This is 21.7 percent above the revised April estimate of 1,340,000 and is 5.7 percent above the May 2022 rate of 1,543,000. Single-family housing starts in May were at a rate of 997,000; this is 18.5 percent above the revised April figure of 841,000. The May rate for units in buildings with five units or more was 624,000."
[Calculated Risk]

[Cobra]

Breakdown to a new day low with a good looking bear bar in the next 3 to 5 bars then it's an downtrend day. The usual pattern is down in the morning then up and up though.

[te_fern]

Got the break, now a new resistance line. We'll see....

[Cobra]

Members only update at 12:03 pm
http://www.cobrasmarketview.com/2023/06 ... ay-update/

[Cobra]

EMA20 now is the bears' last chance of today to make a 2nd leg down. So far looks not bad for bears.

[JFR]

ES daily.

Pulling back from the high.

Well above the EMA 20.

[JFR]

ES 60 minutes.

Down hard, from R3, through R2, R1, the Pivot, S1, S2 and S3, where it gets a bounce.

[BullBear52x]

The selling today is strong, can the bulls hold on 5DMA?

[BullBear52x]

This is the strongest reversal in the past few weeks, see $BPSPX.

[JFR]

ES 5 minutes.

Moving up. Eyes on S2.

[BullBear52x]

It is bearish that there is a swing low today, one more sell, bears need to close under the red line to keep the bearishness going into tomorrow.

[te_fern]

This is a QQQ short ETF. The bulls are trying to rally it now. Not much support left....

[Cobra]

Well, too bad for bears, seems another down in the morning then up and up day.

[Trades w 2 Cats]

Seems reasonable. Looking to finish this fourth wave this week. Lots of Fed speakers should give us the whipsaws for the ABC wave.

By the way I do hate software upgrades. Also after spending months with a 43 inch 4k TV as a monitor working off of a laptop screen in our 20' traveling trailer is a bit of a struggle!

[JFR]

DFH. Dream Finders Homes.

Founded in 2009. HQ in Jacksonville, Florida.

From one of my StockCharts lists.

Helluva good chart.

Not recommending. Just sharing information.

Dream Finders Homes, Inc. engages in designing, building and selling homes in high-growth markets. It sells homes under the Dream Finders Homes, DF Luxury, Craft Homes, and Coventry Homes brands. It operates through the following segments: Jacksonville, Orlando, Colorado, Texas, The Carolinas, Jet Home Loans, and Other. The company's business was founded in 2009 and is headquartered in Jacksonville, FL. -- StockCharts

[te_fern]

Cats, that would be quite an adjustment (re: screens)!! LOL!

[Trades w 2 Cats]

Cats, that would be quite an adjustment (re: screens)!! LOL!

I love my 43 inch monitor/TV and when the day is over it is a very nice TV. With our Airstream Basecamp 20 we struugle to find room for the lap tops!