03/07/2024 Live Update

[Cobra]

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Double top or not, wait and see.

[BullBear52x]

Gap and no go?

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2024/03 ... ay-update/

[BullBear52x]

This is very tempting to short area, but I don't see bears can have a chance until the next buy dip on intraday fail. MA support buy setup will tell, as of now, buy that dip.

[Cobra]

The pullback will be bought which if indeed and in a short time, then it'd be an uptrend day.

[BullBear52x]

New HH from here will be an up trend day for me, if not, top is in.

[Cobra]

Members only update at 12:02 pm
http://www.cobrasmarketview.com/2024/03 ... ay-update/

[JFR]

ES daily.

Right back up to the top.

Bullish candle.

The range is widening.

[JFR]

ES 60 minutes.

Lots of ups.

From S2, through S1, through the Pivot, through R1, all the way to R2.

And there it stalls. For the time being.

[JFR]

ES 5 minutes.

Hella good day for the bulls.

The move up started just over 8 hours ago.

Stuck in a range now, for an hour.

Looking for a breakout. And of course, it could go south, out of the range.

Mr. Market is taking his time, making up his mind.

[JFR]

WSM. Williams-Sonoma. Specialty Retailer. Founded in 1956. HQ in San Francisco.

Home builders doing well today, and this retailer of home products.

A quick check shows WSM has good financials, imo.

In terms of value, the price earnings is 17.18, not cheap and not expensive. Back in 2022 the P/E was down to 7.48, a helluva good bargain.

And I like its chart. Not recommending of course. Just sharing the information.

I've posted it on here a handful of times, most recently this February.

I don't subscribe to Investors Business Daily at this time, but I expect IBD would like its breakout out of the base.

Williams-Sonoma, Inc. operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand. The company also provides home decor products under the West Elm brand; kids accessories under the Pottery Barn Kids brand; and an organic bedding to multi-purpose furniture under the Pottery Barn Teen brand. In addition, it offers made-to-order lighting, hardware, furniture, and home decors inspired by history under the Rejuvenation brand; and women's and men's accessories, travel, entertaining and bar, home décor, and seasonal items under the Mark and Graham brand, as well as operates a 3-D imaging and augmented reality platform for the home furnishings and décor industry. The company markets its products through e-commerce websites, direct-mail catalogs, and retail stores. Williams-Sonoma, Inc. was founded in 1956 and is headquartered in San Francisco, California. -- Yahoo Finance

[BullBear52x]

Look at the magnificent. MSFT is stalling, is it the next general to go down? GOOGLE and AAPL is pretty much done, High tide doesn't lift all boats this season. look at MACD on all of them, getting weak.

[BullBear52x]

New intraday pivot, even if we trade lower than this level, it's still not going to change the short term bullish view, too many layers of support down below.

[BullBear52x]

Swing setup: dip will be bought,

Over all on this none trend (on swing setup) run up is gap overnight, as soon as the market sensed the weakness, the overnight buy program start to kick in the high gear. we need to get used to it by now or not?

Internals: very bearish with very high $TRIN also, Peace!

[BullBear52x]

Bonus chart: fearful market until the $VIX trade back down under MA to calm all market. some thing big is coming, with this reading I can feel it.

[Cobra]

The pullback will be bought again.

[Cobra]

Members only update at 3:31 pm
http://www.cobrasmarketview.com/2024/03 ... ay-update/

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2024/03 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

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/ ... /533449397