04/22/2020 Live Update

[BullBear52x]

well, enough bearish sign already, Geeze

[Cobra]

So clearly it's just a range day.

[Daniel]

QQQ is within spitting distance of its intraday high, but IWM is well off its hod.

A long QQQ/short IWM pairs-trade based on relative strength continues to do well on an intermediate term basis.

[Cobra]

Now breakout is more likely

[JFR]

ES 5. Slow train to nowhere.

[BullBear52x]

I have not move my Fib, bulls are trying to push up and out of yesterday's range, bears are trying to get it back down, what a fight, I am on the evil side, will see.

[JFR]

ES 5. Pushing up against resistance, testing it.

[merryme]

How is this market being held up? Who are the bulls that can ignore the current reality? OIL should have caused this market to tank.

BULLS = BANKS acting on behalf of the FEDs.

We have a tsunami of debt that can't be paid off. Can we short corporate DEBT?

https://wolfstreet.com/2019/08/07/state ... t-q2-2019/

[Cobra]

Members only update at 12:05 pm
http://www.cobrasmarketview.com/2020/04 ... ay-update/

[merryme]

Long time ago, I researched what happened to corporate executive's 401k's after the 2008 crash. I was SHOCKED to learn that only a very, very small percentage of executives had money in their 401k's at the time of the crash. But, these same executives were calling on their employees to continue to buy company stock in their 401k's.

Fast forward to now: Executives have used buyback to unload their stocks. I expect that at some point in the future we will find out that they fleeced their employees again.

Executives are using buybacks to unload their stock holdings. And it is known.

"Commissioner Jackson’s speeches and statements often presented new findings from his Office’s original research. One speech showed how executives use buybacks to cash out their personal holdings of company stock, and a later letter to Congress showed that companies that allow CEOs to sell into buybacks underperform over the long run."

https://www.sec.gov/biography/commissio ... -j-jackson

[BullBear52x]

Come to Papa

[Cobra]

Wedge top, maybe a pullback here first then we'll see. Hope the pullback won't be large.

[BullBear52x]

The rising wedge fest. It's a kiss.

[Heck]

DIS Target - 89 %
From 102.63 to 11.36
+ 1.7 % Dividend

[JFR]

ES 5. A slow climb up. Demand greater than supply.

[BullBear52x]

Look at TRIN, sideways to down until I can see TRIN<1 to change this view.

[JFR]

SPY 5.

[JFR]

https://www.marketwatch.com/story/dow-s ... od=markets

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2020/04 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

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/ ... /533449387