02/11/2021 Live Update

[Cobra]

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Double top or not, wait and see. Possible range day.

[Cobra]

The members only update starts here: http://www.cobrasmarketview.com/2021/02 ... ay-update/

[BullBear52x]

Mix signal today. will have to sit out for a little.

[Trades w 2 Cats]

Fell off of my chair laughing out loud last night when I saw the details on the Tesla crash. It was boatloads of $20 puts which forced the market makers to sell the underlying. Exact same method used to move it up last year. Started wondering if it was someone using profits from Gamestop.

[BullBear52x]

Bad Job number today, it's hard to imagine the market will hold up.

[JFR]

ES daily. Forming a base at the top.

[Cobra]

Members only update at 10:05 am
http://www.cobrasmarketview.com/2021/02 ... ay-update/

[BullBear52x]

ES, LH is in the making reject at 78% from low of yesterday's sell off. yesterday's sell off should also be a warning sign, some big hands are on a sell button alert.

[Cobra]

It's a morning hourly filled black bar

[JFR]

Dow 30. About even on the greens and the reds. V leading. WBA trailing.

[BullBear52x]

Game plan today is sell the MA resistance (prefer) or chase it down on new LL here. hope for a bounce up to MA resistance will be a better entry.

[BullBear52x]

Since 666 2009, god bless America.

[JFR]

CRM and V, two leaders on the Dow. WBA and MMM, two laggards on the Dow. Stocks going their own way today. No great tide moving them all together.

[BullBear52x]

I am on a south bound train now. lets go bears!

[Trades w 2 Cats]

Fib volatility bands around the EMA today have up rotations stopping at 1 fib above while downs are stopping at 2nd fib.

[JFR]

From Politico ...

By BEN WHITE

02/11/2021 04:30 AM EST

Gas prices are climbing. Home prices are surging. Stock markets keep hitting fresh records as chatroom-driven mania draws in giddy investors.

The economy and financial markets appear to be pricing themselves for perfection, betting on rapid vaccinations and a surge of consumer spending later this year that will pull the nation out of its pandemic funk.

Serious risks are still lurking just below the surface: Vaccinations could take far longer than expected. New Covid strains could evade vaccines and spur new lockdowns. All of this could trigger falls in stock prices and other assets and stomp on job creation.

But if the dream scenario does arrive, another risk is lurking: A burst of new spending and economic growth coupled with the massive amount of fiscal stimulus in the system — possibly including nearly $2 trillion more under the White House’s latest plan — could lead to a sharp spike in inflation. That would send stocks tumbling and could force the U.S. Federal Reserve to contemplate raising interest rates to cool the economy.

[BullBear52x]

The morning selling pressure of yesterday and today. today a little slow but bear flag on intraday is clear.

[BullBear52x]

3895 floating on my crystal ball.

[JFR]

DIA and SPY fill their small opening gaps.

Back later ...

[Cobra]

Break down then it's a confirmed lower high, for now it looks like a breakdown is more likely but as usual, I don't trust bears unless the breakdown really happens.