Cobra's Market View

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Lower high or not, wait and see which if indeed then the entire rebound probably was over.

SPY (purple) and her top holdings
YEAR TO DATE

I think NVDA reports tonight
please double check

Breakout here in the next couple of bars then it's an early sign of an uptrend day.

ES daily.

A bottom of sorts on August 18.

Three days up. Hitting a resistance line.

Broke triple top today and yesterday's high. Maybe the bulls can get something going now!!

ES 60 minutes.

Up from the bottom.

Now forming a range.

ES 5 minutes.

Up through the Pivot, through R1, all the way to 4435.25, a new high for the day.

Gold index is green, Bond index is green, Bank index is green, SPY is green. Today must be a green day.

BIL monthly.

Calling jademann.

Re your friend who got burned by bonds.

Years ago I did a search for safety with decent return.

This is one vehicle I found. Hard to imagine anything safer than that. The return is decent.

The only proviso re safety is you always have to be ready to jump ship. You have to pay attention, preferably by watching the chart. Stuff happens.

March 2020. Don't try to hitch a ride on a rocket ship. It looks like it got discovered by some funds on that day, and came back down to earth the next day. Only buy for a normal price on a normal day. Hold long term. Monthly dividends.

Just in my opinion.

JFR wrote:BIL monthly.

Calling jademann.

Re your friend who got burned by bonds.

Years ago I did a search for safety with decent return.

This is one vehicle I found. Hard to imagine anything safer than that. The return is decent.

The only proviso re safety is you always have to be ready to jump ship. You have to pay attention, preferably by watching the chart. Stuff happens.

March 2020. Don't try to hitch a ride on a rocket ship. It looks like it got discovered by some funds on that day, and came back down to earth the next day. Only buy for a normal price on a normal day. Hold long term. Monthly dividends.

Just in my opinion.

2023-08-23_08-07-37.png

BIL only works on high interest environment such as now. In the past decades it had almost no return and this was why people were into long term bond. When Fed starts to dramatically cut rate, we need switch back to the long term bond. In the end, there's nothing we can simply buy and forget.

Anyone hear why ORCL dumped earlier? Look at 5 min chart.

The sudden strong bull bar finally confirmed it's a strong uptrend day. Maybe a pullback here first though as the bar could also be an exhaustion bar.

Cobra wrote:

JFR wrote:BIL monthly.

Calling jademann.

Re your friend who got burned by bonds.

Years ago I did a search for safety with decent return.

This is one vehicle I found. Hard to imagine anything safer than that. The return is decent.

The only proviso re safety is you always have to be ready to jump ship. You have to pay attention, preferably by watching the chart. Stuff happens.

March 2020. Don't try to hitch a ride on a rocket ship. It looks like it got discovered by some funds on that day, and came back down to earth the next day. Only buy for a normal price on a normal day. Hold long term. Monthly dividends.

Just in my opinion.

2023-08-23_08-07-37.png

BIL only works on high interest environment such as now. In the past decades it had almost no return and this was why people were into long term bond. When Fed starts to dramatically cut rate, we need switch back to the long term bond. In the end, there's nothing we can simply buy and forget.

Agreed.

The pullback probably will be bought.

This shouldn't happen in a strong uptrend day.