Cobra's Market View

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].

===============================================================================================================================

This bull shall have legs.

ES daily.

Gap up.

Well above the EMA 20 and the trendline.

All the way to 5865.

https://www.marketwatch.com/livecoverag ... =home_lead

ES 60 minutes.

Up through the Pivot, R1, R2 and R3.

Finding resistance at 5865.

Heading back to the all-time high? Dunno. Maybe, but the bulls are crazy. Ha ha.

Tariffs are still there. The economies will still suffer. The stock market is having some kind of euphoria because a pause was put on between the US and China.

A crisis, a fire, was created by executive decision. And now efforts are being made, sort of, to put the fire out.

Be careful out there. It is a bizarre FantasyLand, an alternate reality.

Play the charts and the news. I don't think fundamentals are all that relevant at this time.

In my opinion.

ES 5 minutes.

Huge move up just after midnight Pacific time.

Then flat and drifting up a bit.

Now on a pullback to 5820.

In a trading range. Needs a breakout.

A number of stocks are showing up on my scans today.

BAC and C have been posted on here previously, as stocks I like a lot.

Two airlines, AAL and DAL, and two car companies, F and GM, show up today.

Remember the joke Warren Buffett used to say about airlines: He had one guy on payroll whose only job was to prevent Buffett from buying any airline stocks. Ha ha. (He relented on that idea later.)

Not recommending, just sharing information.

Be careful in the current FantasyLand. Ha ha.

Once again challenging the resistance/support zone that has been a fixture for close to a year.

Sorry about my charts. I normally read them on a 42" 4K TV, but I am using my lap top screen so text etcetera is not optimized for the 15" screen.

Just pointing out that we have seen this play before. Sunday night suprise in very low trading. London open and the slow sell down starts.

Nothing to say, we're in a range so far.

Renewed bull strength. The pullback probably will be bought.

Thank you, Cobra and the Board.

I wish BB52x would pop in and let us know if this is the start on a new box higher or just overbought. ;^)

I think it's a cup with handle in stead of a double top here therefore breakout should be more likely.

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449374