01/27/2023 Live Update

[Cobra]

Members only update at 12:50 pm
http://www.cobrasmarketview.com/2023/01 ... ay-update/

[Cobra]

Testing day high, maybe breakout is more likely. Today could repeat yesterday: Down in the morning up and up till the close.

[JFR]

RS. Reliance Steel. Founded in 1939. HQ in Los Angeles, California.

It's been climbing since October. P/E 7.41.

Not holding at this time. Not recommending. Information only.

Reliance Steel & Aluminum Co. operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries. It also distributes non-ferrous metals products and tubular building products; and manufactures specialty extruded metals, fabricated parts, and welded components. As of December 31, 2021, the company operated a network of approximately 315 locations in 40 states in the United States and 13 in other countries. It sells its products directly to original equipment manufacturers, which primarily include small machine shops and fabricators. The company was founded in 1939 and is headquartered in Los Angeles, California. -- Yahoo Finance

[JFR]

ES 5 minutes.

Tapping on the ceiling, at R1. Repeatedly. Not getting the breakout it wants. Make or break time.

[Trades w 2 Cats]

4,100 has to be a major options strike. So as we get closer the market makers are probably covering risk.

[JFR]

edit

[BullBear52x]

Market looks to challenge a HH, individual investors still not buying it. if we make new HH this time they may want to show up.

[BullBear52x]

intraday: bullish bias until the red line break down, same playbook.

[JFR]

edit

[brokebybernacke2]

bull market is back on folks enjoy

[Cobra]

Members only update at 3:40 pm
http://www.cobrasmarketview.com/2023/01 ... ay-update/

[jademann]

60% SPXU position.

[Cobra]

Members only update at 3:55 pm
http://www.cobrasmarketview.com/2023/01 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

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/ ... /533449377

[merryme]

Happy Days are here again.... probably NOT! But sure enjoyed this week!