Cobra's Market View

ES daily.

A pause in the move up.

Not a pullback yet.

Bullish, but the breakout is not confirmed.

IMO.

C. Citygroup.

Posted on here back in January of this year.

Still running with the bulls.

ES 5 minutes.

A whole lot of chop.

It wants to go up.

But it is not all that easy.

Stuck just beneath 5321.

ES 60 minutes.

Poking its nose out of the trading range.

Testing for a breakout.

At and above R1.

Eyes on R2 above. If.

It could just as easily move back down into the range.

ES daily. Breakout.

Step 1 complete.

Step 2 is a small pullback to the resistance line.

Step 3 is a strong candle resuming the move up.

In my opinion.

GM. General Motors. Founded in 1908. HQ in Detroit, Michigan. Old GM has been chugging along. At a glance, the financials have been good. The stock has been doing well. General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled serv...

ES 60 minutes.

Up through R1 and through R2.

ES daily.

Breakout on a strong bullish candle.

ES 5 minutes.

Trying for a breakout, such as it is.

Boring? Yeah. But there are fades and little breakouts to play. Moving from level to level.

Back later ...

https://www.marketwatch.com/articles/microstrategy-coinbase-stocks-bitcoin-02a80ffa?mod=markets 2024-03-19_06-46-15.png Crypto anyone? Not this trader. I will keep my trust in the U.S. dollar and other currencies. Play crypto? Nope. There are better markets, imo. Whatever. If you can make a chart fo...

ES 60 minutes.

From a range between 5202 and 5220, it moved down to S1, and then got a bounce.

Pressure down? Mr. Market needs to make up his mind.

ES daily.

In the same ever-expanding range.

A doji. Indecision.

Perched on the EMA 20.

Waiting for a breakout.

CAT. Caterpillar. Founded in 1925. HQ in Irving, Texas. Industrial Vehhicles. I posted CAT on here back in February of this year. Nice run since December. Outstanding Return on Equity since 2018. Not recommending, just sharing information. Caterpillar Inc. manufactures and sells construction and min...

ES 5 minutes.

Chop. Chop. And more chop.

Riding the EMA 20.

Some fades are available between levels of support and resistance.

ES 60 minutes.

Since Friday, it is up through the Pivot,

and through R1, where if finds support, in a range.

ES daily.

In the trading range, over a dozen candles.

Down to the EMA 20.

A bounce up this morning.

SPY daily. Trend is still up, barely, imo. But for me the bias is still up. In a range, at the top of the move. 12 days in the range. On a pause/pullback, pretty much down to the EMA 20. Strong move down Friday, ending in a doji. The market wants to go up, imo, but profit takers and eager short sell...

Oil stocks are on a run.

I posted about MPC here on March 13, and PSX on March 14.

Both still running strong.

There is usually something to play in the markets.

Not recommending, just sharing info.

DKS. Dick's Sporting Goods. Incorporated in 1948. HQ in Coraopolis, Pennsylvania. I posted this one on here earlier this March. A quick glance at the fundamentals shows a healthy stock, imo. Good news means a huge gap up, and strong bullish candle. Not recommending, just sharing info. Back later ......

A tale of two oil stocks. Charts for FTI and PSX look about the same. Which one do I prefer? I like the lower P/E ratio on PSX. But not recommending. Warren Buffett likes his stocks to have a "moat," a margin of safety. A lower P/E can satisfy that for me. The stock is not overvalued. In f...