02/10/2024 Weekend Update

[Cobra]

Up 5 weeks in a row, the next week has 43% chances to close up, 68% chances to make a higher high.

68% is not too bad so still more likely up.

[JFR]

SPY daily.

Lots to like.

Helluva move up since November.

EMAs 20 50 100 all up, widening, and in the correct order.

Pushing the outside of the Bollinger envelope.

Four bounces off the EMA 20, on pullbacks.

Candlesticks: Doji's when it is flat. Marubozu's when it is on the rise.

MACD up. Histogram up, and above zero. Bullish.

Sto up, and topped out, bullish.

For this trader the bias is up. But it is not perfect.

It is choppy and dangerous for overnights.

Climbing the "wall of worry."

IWM is flat.

Thank you, Cobra, for your website, and your calm, patient management.

[theRASPYone]

SPY 500!!!!!

[theRASPYone]

I knew it was coming and should of bet the house on it, but such is life. I didn't even hold a small position like I should have. Overall my life portfolio is in recovery after damage! Slowly growing now. I guess that's the common story from retail.
Just got to keep trying the best.

[theRASPYone]

All the big wall street guys should go out and spend some of that money, get the economy rolling!!
What a prosperous achievement.
(sarcasm) I'm sure that'll happen!

Keep hoarding that stash! Don't ever spend it!

[tsf]

Kudos to Cobra and JFR for favoring the bulls even when markets were overbought and sentiment was greed.

[te_fern]

While you watch the Super Bowl, please take a moment to vote for Cobra, thanks: https://stockcharts.com/public/1684859/ ... /533449377