02/25/2021 Live Update

[Al_Dente]

Don't know how well this is going to work out for me, but RSP (equalweight SPY) making a new all time high yesterday by 2 whole points over previous high suggests to me this is a sector rotation instead of the start of a full blown bear market

good point, thanks

[JFR]

SPY 5. Testing down further.

Taking a break ...

[BullBear52x]

3830, never in my plan it will hit today, tomorrow maybe but today? this is serious.

[JFR]

La Descente. Downhill Race.

downhill.jpg (8 KiB) Viewed 2380 times

[Cobra]

Volume surge, should be a rebound here first which likely would be sold later.

[Al_Dente]

$TNX 15.36 (=1.536% yield on 10yr treasuries)

[Ed02]

ES daily, Bearish engulfing so far.

Remember Bearish Engulfing actually implies good up chance the next day. Can someone help confirm this?

[Al_Dente]

I expected banks to be higher because of rates, BUT NO

[Ed02]

ES daily, Bearish engulfing so far.

Remember Bearish Engulfing actually implies good up chance the next day. Can someone help confirm this?

Seems indeed so, as shown in "12/18/2020 Market Outlook (Bearish Engulfing)". Benefits of doing good homework with a good master teacher Cobra

[BullBear52x]

Com2papa setup

[BullBear52x]

ES daily, Bearish engulfing so far.

Remember Bearish Engulfing actually implies good up chance the next day. Can someone help confirm this?

Seems indeed so, as shown in "12/18/2020 Market Outlook (Bearish Engulfing)". Benefits of doing good homework with a good master teacher Cobra

Yes, if next day is inside day, an outside day to follow, watch out. in TA the 90% success will keep you in the money, the other 10% will ruin your day.

[Al_Dente]

DAILY

[jaijailyc]

3830, never in my plan it will hit today, tomorrow maybe but today? this is serious.

Still above the lows from a couple days ago, nothing too serious yet imo.

[Trades w 2 Cats]

Yields on 10 year spiked (blew up was what they said on twitter) so could be forcing the Feds hand to start rate suppression.

[marscormier]

ES daily, Bearish engulfing so far.

Remember Bearish Engulfing actually implies good up chance the next day. Can someone help confirm this?

Seems indeed so, as shown in "12/18/2020 Market Outlook (Bearish Engulfing)". Benefits of doing good homework with a good master teacher Cobra

I thought Bearish Engulfing was indeed bearish? Any links to Cobra research?

[BullBear52x]

This might settle around 73ish. enough for me today. see $VVIX and $VIX, Bulls be careful. Peace!

[Ed02]

ES daily, Bearish engulfing so far.

Remember Bearish Engulfing actually implies good up chance the next day. Can someone help confirm this?

Seems indeed so, as shown in "12/18/2020 Market Outlook (Bearish Engulfing)". Benefits of doing good homework with a good master teacher Cobra

I thought Bearish Engulfing was indeed bearish? Any links to Cobra research?

It was the Market Outlook report provided by Cobra by on 12/18/2020. The link is here: http://www.cobrasmarketview.com/2020/12 ... engulfing/. Maybe a good time to try out Cobra's service (Note: I am just a normal follower of Cobra since ~2009 from Hutong9 and has not financial association with Cobra ).

[Al_Dente]

few hours ago
Costco, the nation's second-largest retailer, announces that it's adopting a $16 minimum wage for its 180,000 workers next week.
That tops Amazon's and Target's $15 minimum and Walmart's $11 minimum.

[Cobra]

Higher low, maybe the low was in for today.

[BullBear52x]

few hours ago
Costco, the nation's second-largest retailer, announces that it's adopting a $16 minimum wage for its 180,000 workers next week.
That tops Amazon's and Target's $15 minimum and Walmart's $11 minimum.

Costco has been good with their employees and their pays were good as long as I remember, few family member works there. the problem with high minimum pay is the restaurant and sandwich shop. Got many friends who I hang out with regularly, those guys are in the hurt as is. most small business start up is still in 80% failure rate, who will open a new restaurant today? I will go to their grand opening.