02/16/2024 Live Update

[Cobra]

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Some bad econ news? No worry, bulls will buy any "dent".

[BullBear52x]

Cash index rising wedge, 1-2-3 formation is only bear savior. but I am with Cobra, the buying is relentless, so...only price pays.

[BullBear52x]

Transportation; the cart before the horse?

[BullBear52x]

swing setup; entering buy the dip zone, first thing first. then will see after this buy setup triggered, simple trend following method.

[BullBear52x]

Intraday: same routine. for now hoping for 2x bottom support, not looking good.

[JFR]

ES daily.

Outside bar.

Still attached to the trendline.

Well above the EMA 20.

[Cobra]

Members only update at 10:10 am
http://www.cobrasmarketview.com/2024/02 ... ay-update/

[JFR]

ES 60 minutes.

Strong breakdown, for 3 hours. through the Pivot.

Down to S1.

[BullBear52x]

Swing buy setup triggered, new box, make or break, can't get any simpler than this.

[JFR]

ES 5 minutes.

Finding support at S1.

Profit takers and bear speculators enjoying the day.

Price is moving from level to level, fades and breakouts.

[BullBear52x]

The buy signal should be easy money, if this buy failed, new intraday LL, will change all the bullishness in mater of a second. enjoy while it last.

[BullBear52x]

CPI and PPI are not helping rate cuts hope (aka easy money)
consumer spending expectation is good.
Atlanta Fed GDP is next. should be good, far from 0, maybe flat but that is bullish.

[Cobra]

Guess bears were over.

[JFR]

ES 5 minutes.

Nice move up, through the Pivot, to the next level, where it pauses.

The bulls are awake.

Still a range day? Just keep it moving, says this day trader. Thank you very much.

[BullBear52x]

The buy was a success from low of the box to high of the box. bears are ways too weak.

[JFR]

HTGC. Hercules Capital. Founded in 2003. HQ in Palo Alto, CA. (Yahoo Finance)

Lots to like about this company. P/E. Yield. Price action. Volume.

Not recommending of course. Those decisions are your own.

Hercules is a non-bank lender to venture capital-backed companies at all stages of development in a broadly diversified variety of technology, life sciences, and sustainable and renewable technology industries. With over a decade of experience in venture debt, Hercules is uniquely positioned to create innovative financing solutions that perfectly fit within a company's existing capital structure and map to its business objectives. Recognized as the industry leader, Hercules understands the flexibility these types of companies need and has the experience to work closely with them, even through challenging times, to help them reach critical milestones. Hercules' deep sector expertise, geographic presence, and strong capital base have made Hercules the lender of choice for more than 480 innovative companies. -- StockCharts

[Cobra]

Members only update at 12:08 pm
http://www.cobrasmarketview.com/2024/02 ... ay-update/

[BullBear52x]

Mid day wrap: Swing setup is on the buy, new HH, dips will be bought.

Intraday: new swing high, it is bullish bias, to have a nice clean up trend this MA support buy must hold, a failure will will not dope well, a closed below here will be a the first RED closed on Friday in a long time, and see Cobra outlook last night on the weekly, not good closed. so....price action by the closed is very important today.

Internals is bearish bias, bears are roaming today. Know where your money is...enjoy long weekend, peace!

charts:

[JFR]

ES 5 minutes.

Back down to the Pivot, where it finds some support, just hanging on.

[Cobra]

Testing day high, I don't think it'd be double top, breakout should be more likely.