Cobra's Market View

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3 push down (red arrows) then higher low (green arrow) so some changes the low was in.

ES daily.

Day 20 in this narrow range. Beneath the EMA 20.

YM 60 minutes.

Moving up through the Pivot, up to R1.

YM 5 minutes. Strong move up starting 2 hours ago.

Lately when both $TRIN and $CPC were above 1, it wants to go higher to take out the bearish position, will it do it again? if not this time is different.

Inside day day#2. same playbook intraday.

Good stuff: price is respecting the structure.

Swing sell setup, once this sell triggered I will have the box to work with, it will be easier for day trade to mark the high point of resistance.

Re: the comments on CVNA made in this blog yesterday, can anyone provide a link for verification?

This was the comment made: "Founders have been draining cash into their own names all along so on paper they walk away with billions."

We should all cite our sources which will make this blog an even more valuable resource for sharing info. Unsourced material should be challenged.

Thank you to those who make an effort by sharing links as I really appreciate looking at the source to determine if it is reliable.

merryme wrote:Re: the comments on CVNA made in this blog yesterday, can anyone provide a link for verification?

This was the comment made: "Founders have been draining cash into their own names all along so on paper they walk away with billions."

We should all cite our sources which will make this blog an even more valuable resource for sharing info. Unsourced material should be challenged.

Thank you to those who make an effort by sharing links as I really appreciate looking at the source to determine if it is reliable.

So you will buy it? Haha
https://www.youtube.com/watch?v=W3XSPfRkFa0

SPY 15 minutes.

Down. Down. Flat. Now getting a bounce.

merryme wrote:Re: the comments on CVNA made in this blog yesterday, can anyone provide a link for verification?

This was the comment made: "Founders have been draining cash into their own names all along so on paper they walk away with billions."

We should all cite our sources which will make this blog an even more valuable resource for sharing info. Unsourced material should be challenged.

Thank you to those who make an effort by sharing links as I really appreciate looking at the source to determine if it is reliable.

Sorry, don't remember where I saw that. Supposedly they took billions out in total compensation and insider sales while the company has only been profitable for a single quarter.

I don't know a lot about nation wide car dealerships but there should be some other short sales out there that will have a large negative impact when CVNA has their inventory liquidated at wholesale.

It seems a wide swath of VC backed Silicon Valley type money pits are hitting the wall.

So much for the big up move due to pipeline closure.

Expect CPI and FOMC announcement to potentially create more empty bars. Pretty clear we are stuck in the middle again as the VPOC for the multiday composite is like a black hole, the market can't seem to escape its pull.

Maybe 3 push up here?

Regarding CVNA question;

Do you have TD Amertrade? Type CVNA,

Go under Analyst reports and under section Vickers report? ( how much insider selling their stocks, massive selling not good) I can not posted due to legal issues.

https://www.vickers-stock.com/ if you wish to sign up with them directly.

CVNA was under investigation in my state and for few other states for a long time and I heard, they sell cars with questionable titles, lemon cars from flooded area. I try to warn you back in October.

I appreciated your warning, Serenity. I still have it on my watch list. I did not buy it.
But, I know that CVNA has a HUGE institutional ownership because it is public info.

https://www.nasdaq.com/market-activity/ ... l-holdings

Bear pay day soon. Buying SPXU on weakness.

merryme wrote:I appreciated your warning, Serenity. I still have it on my watch list. I did not buy it.
But, I know that CVNA has a HUGE institutional ownership because it is public info.

https://www.nasdaq.com/market-activity/ ... l-holdings

If they file bankruptcy like GM did back in 2009. It is fast, shares will be halted the same day and value will be zero in the account holder. Some of public info. are inaccurate and the next day disappear.
Institutional holding does not help, insider selling is more accurate, IMO.

Good Luck.