Cobra's Market View

I gotta learn to listen to myself

High Est 3011.25
Actual High 3010.75
Dif= 0.50

brokebybernacke2 wrote:

Heck wrote:

daytradingES wrote:Any bright bulbs !!

What is the liquidity event?

Thanks in advance.

Fed Funds Reverse Repo went to 10 % Mon and Tues during Fed meeting

*FED LOWERS RATE ON OVERNIGHT REVERSE REPOS BY 30 BPS TO 1.7%

Last time was 2008

When they also saw nothing

soon, just not now....

thanks!

govt buy prg to save Powell face coming in play

(Yes sweet Charlotte the US govt does manipulate the markets for its own purposes)

no bounce ... ahhh F

Any bright bulbs !!

What is the liquidity event?

Thanks in advance.

computer prbs etc
didn't get in a sell
bounce to 2993.75 2997.25 ??
perhaps a second chance there

and chart:

I get internal server error a lot, so trying text as png

BullBear52x wrote:I on the sell rip today, Fed or no Fed.

Simply TA.

I agree

Looking like a flat narrow day today -
everyone on hold til after FOMC?
yesterday rng 12 - looks the same today

Model:
Dir=+1
rng est=15.25
DDAuto Est
3015.25
2998.75
---my estimates:
H/L
3012.50
2996.75
up first and then down => dir=-1
range could be narrow and choppy (cabbage day).

I have low confidence in estimates today, with an unclear picture.
GLTA

Market seems to be waiting for something. Is there some particular time we get a summary of Jeromie's babble? No. Have to wait for the chattering class to tell us what we heard. Let me add, the Senators are making it clear that they have his back when it comes to job security. Second, neither the h...

IF the market goes to about 3005.50 and stalls I MIGHT take a short

H/L est
3005.50
2991.00
14.50

* top 3005.50- 3007.50

Thinking today will be erratic and choppy with sudden swings. Probably best to just go walk the dog and not trade

Market seems to be waiting for something.
Is there some particular time we get a summary of Jeromie's babble?

9:14 AM 7/5/2019

H/L est
2987.25
2967.75
19.50

The prb with trading today is that being the Friday in between 4 day extended USA weekend -many people not working today - the volume may not be there and any move today will be with less than 100 percent conviction.

Materially higher-than-expected U.S. non-farm payrolls data would make the U.S. dollar and Treasury yields rise, as markets may partly scale down interest rate cuts by end-2019, said ING. "Aggressive pricing of forthcoming Fed stimulus suggests that the risks for the dollar are mostly tilted to...

For Friday 5 July 2019: WRAPUP 2-U.S. job growth surges, but wage growth remains tepid (Updates with report) * Nonfarm payrolls increase 224,000 in June * Unemployment rate rises to 3.7% from 3.6% * Average hourly earnings gains 0.2%; workweek at 34.4 hours By Lucia Mutikani WASHINGTON, July 5 (Reut...

At the open my dir = 0, deadflat and therefore no point posting H/L estimates. at open 2971.25 - 2953.75 There was a triangle which now 9:30 broken to the upside. It could be a false breakout. If it is real then H/L 2976.25, 2957.25 Though the rng est is 17.50 it may be less - sort of pre 4 July no ...

hit
2963.75 at 11:29
(which is the range rule target)

Range rule has 2963.75
there was a volume spike on the one min
and we have
2965.50 at 10:30

sim buy order at 2965.25