Cobra's Market View

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Double bottom or not, wait and see.

It's a morning hourly filled black bar.

MarketWatch

Testing the yesterday's high now, wait. So far looks like an uptrend day.

After hours could be exciting. Alphabet reports numbers at 4 eastern with conference call around 4:30. Talking heads say if they indicate any slow down in capital spending on data centers it will start the second wave down for semi conductors. Obviously today's action says many are sure they will beat and move the market on up.

I am not sure if the Asia Pacific trading tonight is a solid indicator. Even the higher volume from the European session is often times reversed within the first hour of regular trading in New York. I do think we will get a gap open, just no idea which way.

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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/ ... /533449381