02/09/2023 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to cobra@cobrasmarketview.com.

=============================================================================================================================================================================

We have a down price channel or range here?

[JFR]

Source:

https://www.cnn.com/markets/fear-and-gr ... _ribbonCNN Fear/Greed Index.

Back of the brain information, while the software loads up.

One of the components of the index.

[JFR]

ES daily.

Day 6 in this range.

Tapping on the ceiling.

[JFR]

ES 60 minutes.

Some ups and downs.

EMAs 5 10 20 all up.

[JFR]

ES 5 minutes.

Riding the range.

Testing down beneath strong support at 4162 and the EMA 20.

[JFR]

Alternatives for your money.

Start of the day.

SPYG down. SPYV up. That is an interesting divergence.

GLD up. IYR up. TLT up.

DBC down. USO down.

UUP flat.

[Cobra]

It's a morning hourly filled black bar

[JFR]

ES 5 minutes.

Finding some support at the Pivot.

[Cobra]

For now the rebound looks like a bear flag.

[Cobra]

Members only update at 12:02 pm
http://www.cobrasmarketview.com/2023/02 ... ay-update/

[Al_Dente]

An increasing number of investors are buying any dip they can, convinced that a more dovish turn from central banks is just around the corner against the comforting backdrop of a soft landing for the economy. But at the same time, they’re bulking up on hedges, just in case....
JPM: use current strength to reduce exposure....
Down the line, many large asset managers ... expect the economy to weaken, which will eventually deal a blow to stocks.
https://www.zerohedge.com/markets/growi ... ing-hedges

[Al_Dente]

$SPX IS TRENDING ON TWITTER
Here's one example:

[Cobra]

Another bear flag or pennant.

[JFR]

Slim pickings for the bulls today.

GM.

A quick check of its financials shows decent results for recent years. Never a fan of its products.

The chart shows a ''rocky road,'' but moving up.

Not recommending. Not holding.

[merryme]

On the sidelines since Tuesday when MM showed their hand. Waiting....

[merryme]

Just for fun, not saying it is predictive...But each move up is EQUAL. The widths incremented by one box. Just interesting. I always watch a user defined 10% P&F chart.

[Cobra]

Members only update at 3:33 pm
http://www.cobrasmarketview.com/2023/02 ... ay-update/

[Trades w 2 Cats]

In meetings all day. Sorry to have missed this. Ran a linear regression channel and here we are falling out. But if you look at the 3 week composite this was the easy part to fall through. Bears will have to up their game if we are going to 4,000. Also on the cumulative Delta, this was not a large trader rug pull, actually it was the little guys.

[Trades w 2 Cats]

Same chart today only. If the dip buyers are waiting for tomorrow I am guessing the 3 week VPOC and yesterday's close at 4130 would be a good start.

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2023/02 ... ay-update/