03/14/2024 Live Update

[Cobra]

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Double top or not, wait and see.

[BullBear52x]

Swing setup: buy, new box make or break.

[BullBear52x]

PPI came in hot, will the rate cut still on the table? I think not.

[koolblue]

[koolblue]

That didnt last long.. stopped mylongs at 5225.00 for a loss of 6 on each.. watching

[BullBear52x]

Intraday: I treat it as inside day. same play book.

[koolblue]

I wont try a long again unless they take it to 5201.50.I would rather short a decent rebound

[BullBear52x]

Swing buy setup failed, no trending market. next rip sell setup will tell if bears are serious.

[Cobra]

Members only update at 10:11 am
http://www.cobrasmarketview.com/2024/03 ... ay-update/

[Trades w 2 Cats]

I highlighted this price zone on my slow chart. Popular place to bounce the last couple of days.

[koolblue]

[koolblue]

i will exit early at 5211.00 if able...

[JFR]

ES daily.

At the top, In a range, for half a dozen candles.

Above the EMA 20.

A breakout at this time would be difficult.

Breakdown? Gotta get through the EMA 20 and the line of support.

[BullBear52x]

Intraday: sell setup, there is bullish crown reversal set up for bulls also, Blue route, so for bears, down and down and down from here.

[JFR]

ES 60 minutes.

Down through R2, through the Pivot, through S1, all the way to S2,

where it gets a bounce, back up through S1, to 5224.

[JFR]

ES 5 minutes.

Working its way along S1.

Beneath the EMA 20.

Mr. Market (Benjamin Graham's phrase) needs to make up its mind.

[JFR]

ES 5 minutes.

Down beneath S1, to 5215.

The bears are making their presence felt.

[JFR]

A tale of two oil stocks.

Charts for FTI and PSX look about the same.

Which one do I prefer?

I like the lower P/E ratio on PSX. But not recommending.

Warren Buffett likes his stocks to have a "moat," a margin of safety.

A lower P/E can satisfy that for me. The stock is not overvalued. In fact, it is a bargain.

Other factors, fundamental and technical, matter too.

[BullBear52x]

Bears are done?

[koolblue]