Cobra's Market View

$BPSPX is turning up, see 2008 low of 1.6, we hit 1.4 this time, we might get LL but the bottom is closer, if BPSPX goes to zero that mean there will be no stock market for us to talk about, so.....You think we will no longer trade or stock market will continue?

DISH Target - 100 %
From 23.70 to 0

122.27 % Debt/Equity

CHD Target + 85 %
From 61.7 to 114
+ 1.5 % Dividend

46 % Margins
24 % ROE

Arm and Hammer Baking Soda

14+ months of SPX gains have been wiped out (Jan 2019 to now)
Monthly chart with the famous “purple crayon” line
Good Grief! SPX is just a hundred++ points away from the 2017 inauguration day
MONTHLY

Al_Dente wrote:14+ months of SPX gains have been wiped out (Jan 2019 to now)
Monthly chart with the famous “purple crayon” line
Good Grief! SPX is just a hundred++ points away from the 2017 inauguration day
MONTHLY

317purple crayon.png.png

1475 on SPX will not surprise me realy.

Not good, the pullback is too sharp for an uptrend day, hopefully it's not the start of the reversal.

BullBear52x wrote: 1475 on SPX will not surprise me realy.

One thousand 4 hundred 75?

ES 5. Down beneath the pivot and the EMA 20 to a level of support.

this is the third (??) time that SPX is trying to fade a potus presser

K447 wrote:

BullBear52x wrote: 1475 on SPX will not surprise me realy.

One thousand 4 hundred 75?

just for standard bearish projection is 1700ish, but I think it will pass 1 std down to 1500ish or lower, so I hope for a support here or no floor insight, fed and the government throw every thing in since QE1 started, only kitchen sink left.

massive bailouts mentioned for BA and airlines and etc...
Pisani shrieking: "Why are these stocks not up today?"

RTH rng of 190.75 has meet the model's target and with 2542.75 a little above the est HOD of 2532.75, that should give HOD in place for today.

Countering this a US Govt buying ramp (manipulation). This would be a good day to do it for them as the Powell flop of ZIRP has failed and bailing out commercial paper and the 1.5Trillion to the repo are all pushing on a string they may buy up the market today..

for the mean time last buy for da bulls, not a sell day for me, so one more with tight stop.

ES 5. Testing down beneath support.

UUP Target + 45 %
From 26.91 to 39

ideal buy candle, 1 min. stop at 2430

just for fun:
govt buy ramp to start about 13:10 (CT)

daytradingES wrote:just for fun:
govt buy ramp to start about 13:10 (CT)

Why that specific time?

SPY 5. Bulls fighting hard, up to the EMA 20.

Generally this rebound should fail. So far it's the usual sell after the 12 pm. Don't know whether it'll as usual last till the close.