10/11/2022 Live Update

[Cobra]

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Good looking bull bars, maybe more up?

[JFR]

ES daily. Touching down to a key support level. It's a make or break position. Could bounce. Could crash. Or it could form a base, and delay the big move.

[JFR]

ES 60 minutes. Not going anywhere at this time. Between the EMA 20 and S1. Beneath the Pivot. The big guns are holding off for the time being. I have no preference, long or short. Down is the scary one for many people and institutions. With its connotations of recession.

[JFR]

ES 5 minutes. A nice bounce 3 hours ago. Pullback to the EMA 20, where it finds some support.

[merryme]

This is what I am looking at....moving into Phase C? Or, I am totally wrong!

[JFR]

ES 5 minutes. Before the bell. Breaking down sharply beneath the EMA 20.

[BullBear52x]

Bears are serious, LL now.

[BullBear52x]

Pivot for now.

[BullBear52x]

/ES 3592 will be do or die for bulls to defense.

[JFR]

ES 5 minutes. Down to S1.

Back a bit later ...

[jademann]

I have a half bull position. I believe VIX is close to a top.
https://stockcharts.com/h-sc/ui?s=$VIX& ... 1309525406

[Cobra]

Members only update at 10:08 am
http://www.cobrasmarketview.com/2022/10 ... ay-update/

[BullBear52x]

/ES looking down to 3540.5, beware knife catcher, I thought everyone is following the trend.

[BullBear52x]

New development: $CPC is now under 1, if we can hold this down under 1 then the bottom is possible. it's fearful market until it's not.

[ccash04]

trying to catch knives with calls is not fun, that being said seems overdone in short term given dollar not surging and credit spreads not widening. They are not confirming move down.

[JFR]

Inverse index ETFs.

PSQ RWM SH off to a good start.

DOG is more neutral.

[Al_Dente]

10/7 BANKS FUNDING THE ELON MUSK TWTR DEAL:
Lenders including Morgan Stanley (MS), Bank of America (BAC), Barclays (BCS) and Mitsubishi UFJ originally committed $13B of debt financing for the transaction.
Those banks may now lose about $500M if they had to sell the debt now, according to Bloomberg calculations. They originally agreed to fund the purchase even if they couldn't sell the debt and now it's unlikely investors would want to buy the debt in the current markets.

10/11 report that two big equity investors are sticking with their commitment to Musk to help fund the $33B portion of the $44B purchase price. The Information says Sequoia Capital plans to keep its funding in place - it's committed $800M - and crypto exchange Binance is set to stand behind its commitment of $500M.

[JFR]

Alternatives.

Commodities DBC, stocks SPYG SPYV, oil USO down.

Bonds TLT up.

Gold IAU, real estate IYR and the dollar UUP flat.

[BullBear52x]

Last sell setup, first thing first. it is bullish bias that we are back inside yesterday's range. Bulls will have no say until this sell fails.

[JFR]

10/7 BANKS FUNDING THE ELON MUSK TWTR DEAL:
Lenders including Morgan Stanley (MS), Bank of America (BAC), Barclays (BCS) and Mitsubishi UFJ originally committed $13B of debt financing for the transaction.
Those banks may now lose about $500M if they had to sell the debt now, according to Bloomberg calculations. They originally agreed to fund the purchase even if they couldn't sell the debt and now it's unlikely investors would want to buy the debt in the current markets.

10/11 report that two big equity investors are sticking with their commitment to Musk to help fund the $33B portion of the $44B purchase price. The Information says Sequoia Capital plans to keep its funding in place - it's committed $800M - and crypto exchange Binance is set to stand behind its commitment of $500M.

Thanks for that, Pasta Boss.

I was looking at TWTR a little bit the other day, when it made some news re Elon.

What the heck is Elon buying there? It is a huge platform of course. Financials are not good. Its revenue is good, but PE and ROE are in the tank. And of course it has huge ramifications if Elon lets Trump back in, and if Trump wants back in, which I think he would. IMO Elon is kind of acting like Trump did before he fully decided to run in 2016. Elon of course has 3 citizenships, South Africa, Canada and the United States. He is as much of a news hound as Trump is.

Just in my opinion ... Others will no doubt see things differently regarding the three hot topics: Musk, TWTR and Trump.

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