Cobra's Market View

Up 8 weeks in a row, the next week has 33% chances to close up, 67% chances to make a higher high.

So a pullback could be due soon.

SPY daily.

Why is the market up? Isn't there a war on? Or two.

Why up? Irrational exuberance, imo, Casino mentality. Party 'til the bomb drops. Follow the bjgs, who have to park their money somewhere.

Well, If you want to play, the trend is up. So, buy. But with targets and stops in place.

Pessimism? Doomsayer? Nah. Dose of reality. Be careful out there.

Yes, just in my opinion.

SXC daily.

SunCoke Energy. Founded in 1960. HQ in Illinois.

Nice looking chart in May.

But, It has lost money since 2024.

Who cares?

Not the institutions. They own 83.76% of its stock.

There are better, profitable, companies to play with.

Hand on the rip cord if you buy this one.

IMO.

"It is what it is department" Happy Memorial weekend for USA side of the border. The question is "Are we at the 2x top or a break away we go?"
Let see what the internals look like. there is negative divergence on the summation index, the price action suggests we are consolidating in time as of now. Bullish percentage are betting on the breakout on all indexes. positive vibe as of Friday. Momentum is cautiously bearish. @Only price pays!
Swing buy setup triggered at end of day, on Friday. stick to what you know or wait and see? it's a buy for me until it fails. Intraday: negative price action on Friday, again, this time frame can change on a dime. so....bears need to see a weaker opening on Tuesday, bulls need to see stronger opening. grease up the grill and enjoy nice 3 days weekend. trade well, Peace!

MarketWatch

''A small number of companies driving the market''

''nearly half of the stocks in the large-cap U.S. benchmark index are down so far for 2026''

''Let's be careful out there,'' said the roll call sergeant on Hill Street Blues.''

The S&P 500 has gained 7.4% so far this year, but much of that gain has been driven by a small number of companies, and nearly half of the stocks in the large-cap U.S. benchmark index are down so far for 2026. But among some of this year’s decliners, there are compelling numbers that might highlight attractive entry points for long-term investors.

Christine Idzelis explained how the S&P 500’s gain during the second quarter has been driven by a handful of companies.

According to LSEG’s numbers updated through Tuesday, the 20 companies with the largest gains in market capitalization so far in 2026 have added a combined $5.45 trillion in market cap, while the remaining 480 companies in the S&P 500 have had their combined market cap decline by $738 billion

Examples: GOOG NVDA LLY EL SCHW GM