03/13/2024 Live Update

[Cobra]

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Consolidation overnight so bias is up.

[JFR]

ES daily.

At the top of the range.

Looking for a breakout.

[JFR]

ES 60 minutes.

In the range for many hours.

Waiting for a breakout.

The EMA 20 is moving up beneath the price.

[JFR]

ES 5 minutes.

Fade action, as compared to trend action.

Fades have been available, with relatively clean moves up and down, between levels of support and resistance.

[koolblue]

[BullBear52x]

leading indicator for SPX

[koolblue]

[JFR]

ES 60 minutes.

Testing down. Trying to breakdown out of the range.

Back later ...

[Cobra]

Members only update at 10:07 am
http://www.cobrasmarketview.com/2024/03 ... ay-update/

[koolblue]

[BullBear52x]

Intraday LL from here, risking down trend day. buyers need to step in quick,if not down we go.....

[koolblue]

Short 2 June es from 5239.50, and will exit at 5229.50 if given the chance. Still want to buy 5221.50

[Cobra]

Possible double bottom.

[koolblue]

Just covered both shorts at 5236.50 for a small 3 point gain on each. Tick have recovered to positive so im being conservative.

[BullBear52x]

My plan was buy day today, but what I am seeing in real time suggests bearish. inside day, a LL in price action will totally throw the bullishness out of the window. top red wedge is bulls ceiling that need to break our and up. if LL first from here, bears will have the day. boring........

[JFR]

XLE. The Energy Sector is doing well.

MPC. Marathon Petroleum. Founded in 1887. HQ in Findlay, Ohio.

Within the Energy Sector, MPC is doing well. A quick check of its financials shows relative good health, imo. Not recommending.

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures propane and petrochemicals. It sells refined products to wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets, as well as through long-term fuel supply contracts to direct dealer locations primarily under the ARCO brand. The Midstream segment transports, stores, distributes, and markets crude oil and refined products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and gathers, transports, fractionates, stores, and markets natural gas liquids. Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio. -- Yahoo Finance

[JFR]

WSM. Williams-Sonoma.

Founded in 1956. HQ in San Francisco, CA.

I've posted WSM on here a number of times, most recently on March 7 of this year.

Good news brings a gap up and a bullish candle day.

Williams-Sonoma, Inc. operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand. The company also provides home decor products under the West Elm brand; kids accessories under the Pottery Barn Kids brand; and an organic bedding to multi-purpose furniture under the Pottery Barn Teen brand. In addition, it offers made-to-order lighting, hardware, furniture, and home decors inspired by history under the Rejuvenation brand; and women's and men's accessories, travel, entertaining and bar, home décor, and seasonal items under the Mark and Graham brand, as well as operates a 3-D imaging and augmented reality platform for the home furnishings and décor industry. The company markets its products through e-commerce websites, direct-mail catalogs, and retail stores. Williams-Sonoma, Inc. was founded in 1956 and is headquartered in San Francisco, California. -- Yahoo Finance

[BullBear52x]

Swing setup: no change, dip will be bought, boring day.

Internals: bullish bias, intraday price action doesn't show up as bullish though. boring, Peace!

[BullBear52x]

bond auction number came out, do or die for bulls or bears

Where is the 50 handles day? Boring......

[BullBear52x]

30yr yield up, and market want to go up also, now this is telling me, we are at the end of 10th inning short term, prepare for 11th inning in coming days.