Cobra's Market View

"The most-benchmarked index in the world has now doubled from its pandemic low. After falling to 2,191 on March 23 of last year, the S&P 500 closed at 4,384 on Monday. This marks the third time that the index has doubled from a multi-year low over the past two decades."
https://www.sentimentrader.com/blog/the ... 1366687428

Guess now it's safe to say the range low was in.

Those who unfortunately bought AMC on margin at 60, got margin calls at 40
https://www.calculatorpro.com/calculato ... alculator/

[use 50 as initial margin and 25 as maintenance, but your firm may vary slightly]

SPY 5. Up and down like a yo-yo.

Dow 30. The greens and the reds. AAPL leading. CAT trailing.

Apple says 20% increase in production next year. But I see their fancy $1,000 phones on deep discount by all the carriers. Creates cognitive dissidence. Lucky for me I don't play Apple. However someone on twitter pointed out earlier this week that Apple, Amazon and Microsoft were the only reason the market had not dropped, so I guess I do play Apple in a derivative way.

Nothing but negative news on you tube about Windows 11. Apparently it will not run on current computers.

CBOE update today
https://www.youtube.com/watch?v=Ey1H4djDiro

CSCO having a good day.

Later ...

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

Thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449387