Cobra's Market View

Who is the best performer of THE FOUR HORSEMEN ?
XLE, green
Over FOUR MONTHS
[The usual caveat: as with all percentage charts, if I change the time frame, the picture changes]
Daily chart:

“Companies that haul stuff haven't had a run like this in 120 years”
https://sentimentrader.com/blog/compani ... 120-years/

zh endlessly posts negativity. That’s why on the rare occasion that they post something bullish, it is worth paying attention to.
Example: as posted yesterday 5/6:
“Here Comes The Squeeze: Goldman Prime Says Hedge Funds Shorted Tech For 9 Of The Past 10 Days”

Consolidation, breakout is more likely.

Scalping (major scale out at 1 point) waiting for something to happen. Maybe drift around in to the close then a gap and go Monday open.

it's melt up day, can't buy not gonna go any more high,sell only for few handles. it's Friday, boring......will be back.

Calm before the storm. I just can not buy this market. you guys go right ahead, Cora is not buying either you know if Bull Boss don't buy, there is bad smell some where.

It's the very first pullback in 2+ hours so watch for ema buy setup which sometime is only good for a scalp though.

Intraday pivot, ES. game changer.

At best sideways for bears, the morning bulls will hold on to the end me thinks. if it would reverse back down it would have done that already, give it 15 min. more. sideways is more likely.

SPY 5. The big flattening out. Like a calm sea.

DIA,IWM,QQQ,SPY. "All's quiet ..." Gonna have to scan some lists to find a stock or two to play. Or maybe just call it a day.

Not sure whether we had a lower high here. The recent Friday close has been very very strong though, seemed bears were so afraid of holding anything over the weekend so they rushed to cover before the close. Let's see whether the same happens again today.

I call it a day, it's Friday. an hour save is an hour gain.

Now it is time to search for new Stimulus news, what's in the package. Peace!

Some prospects for a play in the final 30 minutes. On the other hand, I am hungry and thirsty. Hmmm. Hunger and thirst win. Have a good weekend, Everyone.

Picture a dark, old school bar in West Hollywood, a survivor from the Raymond Chandler days-
and on the jupe box https://www.youtube.com/watch?v=KpxmerIwTDE

Have a good weekend