05/30/2023 Live Update

[Cobra]

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Double top or not (red arrows), wait and see.

[Al_Dente]

9:00 S&P CoreLogic Case-Shiller Home Price Index
9:00 FHFA House Price Index
10:00 Consumer Confidence
10:30 Dallas Fed Manufacturing Survey
1:00 PM Fed's Barkin Speech

[BullBear52x]

market rally on bad internals.

[BullBear52x]

Gap and go or not, that's the story.

[Cobra]

Members only update at 10:08 am
http://www.cobrasmarketview.com/2023/05 ... ay-update/

[Cobra]

It's a morning hourly filled black bar

[BullBear52x]

Momentum side of thing: Bears need to see new LL, down trend is in the card if so....

[BullBear52x]

Big picture, major change in the trend is in the making.

[JFR]

ES daily.

Pulling back a bit from the new high of Monday.

Well above the EMA 20.

[JFR]

ES 60 minutes.

Gap up over the weekend.

Now pulling back through R1, through the Pivot, approaching S1.

[BullBear52x]

$NYAD watch! a bearish reversal off of top BB with negative $NYAD will suggest the short term top is at hand. the day is still young

[JFR]

Alternative markets.

Down: DBC USO UUP

Mostly flat: IYR SPYG SPYV

Up: GLD TLT

Two "safety" ETFs, GLD and TLT up on the day.

Tentatively absorbing the news of the debt ceiling developments.

[JFR]

15 minute charts.

DIA down.

IWM down.

QQQ up.

SPY up early, backsliding now.

[JFR]

ES 5 minutes.

Very choppy. Spikes. No direction for two hours.

Hanging on the EMA 20.

Taking a break ...

[Cobra]

Members only update at 12:05 pm
http://www.cobrasmarketview.com/2023/05 ... ay-update/

[JFR]

Not much coming up on scans today.

KODK. Eastman Kodak. Discretionary products.

A venerable old company. Founded in 1880. HQ in Rochester, NY.

The chart is good. PE is good. Unfortunately, for this trader, the rest of the financials, going back a few years, are not, imo.

Later ...

Eastman Kodak Company provides hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and entertainment markets worldwide.

The company operates through four segments: Traditional Printing, Digital Printing, Advanced Materials and Chemicals, and Brand. The Traditional Printing segment offers digital offset plate and computer-to-plate imaging solutions to commercial industries, including commercial print, direct mail, book publishing, newspapers and magazines, and packaging. The Digital Printing segment provides electrophotographic printing solutions, such as The ASCEND and NEXFINITY printers; prosper products, including the PROSPER 6000 Press, PROSPER Writing Systems, PROSPER press systems, and PROSPER components; versamark products; and PRINERGY workflow production software. The Advanced Materials and Chemicals segment engages in industrial film and chemicals, motion picture, and advanced materials and functional printing businesses. This segment also comprises the Kodak Research Laboratories, which conducts research, develops new product or new business opportunities, and files patent applications for its inventions and innovations, as well as manages licensing of its intellectual property to third parties. The Brand segment engages in the licensing of Kodak brand to third parties. The company engages in the operation of Eastman Business Park, a technology center and industrial complex. It sells its products and services through direct sales, third party resellers, dealers, channel partners, and distributors. Eastman Kodak Company was founded in 1880 and is headquartered in Rochester, New York. -- Yahoo Finance

[Serenity]

Another bubble burst for ULTA.

[Al_Dente]

BREAKING:
GS preparing for another round of layoffs

[BullBear52x]

That's all she wrote today.

[BullBear52x]

Chart for the road: Swing buy dip setup triggered, that is...we got the box, first thing first, short term will need to see new LL from here or, find excuse to be buyers. Peace!