Cobra's Market View

Roman Bogomazov is offering another FREE market discussion. Always great: https://register.gotowebinar.com/regist ... ?source=WA

Anyone hear why ORCL dumped earlier? Look at 5 min chart.

Jademann, Just read your post. So sorry for this guy. I think Cobra's advice is accurate. Sometimes Luck is NOT in our favor. I wish him and you the very best. It is hard to be retired and watch your fixed income disappear.

Old P&F chart ATR=14.34. I have shown this chart before. Just for fun chart to look back and see what has happened. Only ONE SEVEN shown on chart. June = 6 shows we have closed higher than any other June. It's a long-term view.

Just showing bullishness....

Hourly P&F user defined chart 3 x .84 Look at that cup and handle pattern. New structure just starting out. I am guessing it will be a re-accumulation with a few fear flushes to scare folks. Interesting to me is the volume noted by red bars and green arrows. Big push down on first red bar and up...

Thanks cat guy for the info. Everyone likes confirmation that their trade is right. This was from last Thursday. Pop on UNG on Friday is not shown on the chart, but Friday's action rose above the blue resistance lines. Note How supply has decreased from -276 => -17 => +45 on the tight consolidation ...

Old chart w/ pitchfork from late March...."The market has long punished pessimism..." Quote from THE BEHAVOIARAL INVESTOR by Daniel Crosby. (Worth reading.) GO COBRA.

Tanker transport is so interesting to me. Have you seen the new wind challenger that is being added to tankers? https://maritime.news/66445/#:~:text=The%20Wind%20Challenger%20is%20a%20system%2C%20developed%20mainly,to%20reduce%20environmental%20impact%20and%20improve%20economic%20efficiency. https:/...

TSLA: This is a 3 x 3% P&F which is a longer term and gives the BEST CASE for a DISTRIBUTION TOP (as opposed to a trading range.) Here's why: I put red arrow by the large up volumes and up moves. That's how Smart Money plays. They bring a stock price up and sell to the rest of us in the hopes of...

TSLA daily view with the ANCHORS worth noting. There would be buyers at the $140 anchor. The way I trade, I always assume (doesn't mean I am right!) that wicks and tails are Market Makers being jerks and running stops. To me, after much analysis $164.80 is a significant level. I imagine there are lo...

TSLA on the weekly. ADX weekly shows not trending yet. Potential Distribution TOP or HUGE trading range.
Note how the SPLIT on the BULL market in 2020 causes a nice up move. While the SPLIT in 2022 is during a TSLA BEAR and the stock heads south.

SHORT TERM extremely bullish pattern on TSLA.

Lots of info in the TSLA p&f. Don't have time to explain.

Stockcharts = DOWN!

Still watching TSLA meander...No panic in TSLA, no panic elsewhere!
Could be a shakeout and it moves right back into the range. Waiting for EOD.
Watching the slopes of the breaks.

At&t is having a bad day.

Spacex = tough one for the IRS because most people don't lose billions when their rocket explodes.
DEDUCTING PASS-THROUGH BUSINESS LOSSES. The rules are tough now, used to be so lucrative!

Easy to follow TSlA chart. Has to at least break $164 for some panic to ensue.

Low Pole at open. Easy breakout trade. 23-degree slope on the up move. Easy money for the market makers.

RETESTing breakout now. No failure allowed. Longer term view. Note volume.