Cobra's Market View

10 yr going down. TNX Bond buying.

July FOMC minutes may spook stocks, Hawkish FOMC minutes may follow, putting U.S. consumers in the crosshair. July’s U.S. retail sales report endorsed the markets’ repricing of expectations to a “higher for longer” Federal Reserve interest rate path driving financial markets since last week. Receipt...

According to CNBC, Apple at 2pm dropped and took the market down $185 to $182

Amazon Made a high and top then slid down the rest of the day.

Mostly MSFT 365.021 +19.291 5.6% Some UNH, NVDA, NFLX , TSLA (Q tomorrow) and Banks (earnings) Microsoft stock pops after it announces $30 per month A.I. subscription for Microsoft 365 Adding on the generative AI subscription should reportedly cost enterprise users an additional 50% or more per month.

Banker on CNBC says SVB could be bought by Sunday. FDIC takes over SVB deposits, stopped the run on the bank .

TSLA - $177+ +17.xx

Now $178

Low was $101.81 early Jan during the Twitter saga.

Crude Oil WTI is dropping hard. $108.64 -7.54% Gasoline is also down. So might be good for a rally until Oil and NG goes back up or not. Experts Agree: Elon Musk's Twitter Takeover could sink TSLA STock. Musk raised $12.5 B margin load borrowed against TSLA stock holdings. -But that depends if TWTR ...

From CNN
Talk of a limited humanitarian no-fly zone over Ukraine.
News Putin does not want a War with the USA, since his operation is bogged down.

CNBC PRo headline
Market poised to rotate to small- and mid-cap stocks, top UBS advisor says
PUBLISHED THU, OCT 1 20202:17 PM EDT

Here is a new uptodate FED. [url][/https://www.zerohedge.com/markets/fed-hit-panic-button-and-its-making-things-worse?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29] http...

US hitting China again. U.S. Ban of Cosco Tankers Rattles Oil Transport in International Shipping News 30/09/2019 Shipping brokers around the world are being swamped with calls from oil traders looking for replacement ships after the U.S. blacklisted dozens of tankers operated by a major Chinese tan...

Pelosi 5pm est announcement on Trump impeachement. Trump says cut Ukraine aid due to fact rest of EU not contributing. Not because of pressure on Ukraine? Democrats think this was to pressure Ukraine. Trump saying impeachment is a wicth hunt. The only way the Dems can win. The call will tell all.

Stocks rebound from lows after Trump says he will release full transcript with Ukraine president.
MUst be counter to his impeachment cries.

President Donald Trump and congressional leaders agreed to extend the debt limit and fund the government until Dec. 15, as well as approve aid for victims of Hurricane Harvey, Democratic leaders said in a statement on Wednesday. Senate Democratic Leader Chuck Schumer and House Minority Leader Nancy ...

Florida evacuation all out. Oil up. Along with another meeting between Russia and SA on oil cuts.

Oil up two days in a row, Saudi's Oil minister talking about meeting and production freeze. Even with the rig count up, oil at the HOD. Last week was the Kuwati oil guy. But SA has more clout even thought they are pumping at a record rate.

Apple Earnings

Jan 26, 2016
Q1 2016 Apple Inc Earnings Call - 5:00PM EST -

Oil LOD. Iraq shipped record amount of oil last month.

USO - $8.69

There is also talk between the Russians and Saudi Arabia on oil, Plus the takeover of Canadian Oil Sands by Suncor has lit the sector on fire since monday. USO already up since last Friday on low rig counts. US dollar also falling, adding more fuel. The shorts are getting squeezed with stocks alread...

New LOD USO - $13.48 > USO currently $13.55

Sleeperz wrote:Still going down new LOD. USO - $13.61

Sleeperz wrote:EIA oil inventories 2.6M bbl increase estimate 1.0M bbl decrease.