Cobra's Market View

. Check this out for Reverse Repos: https://apps.newyorkfed.org/markets/autorates/temp Typically 40 - 50 and market is even - above that and it's going up. Not 100%, but close. Tomorrow's 278 Here's Last 25: Delivery Date Maturity Date Tsy-Submit Tsy-Accept 06/30/2016 07/01/2016 278.809 278.809 06/2...

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Is anyone looking at the Reverse Repos this week?
No wonder the market is up like crazy this week.

The deployment tomorrow is about 5 times normal and the other days this week have been 2 - 3 times normal.

PPT to the Rescue, Baby!

Flumanchu

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I've been looking at Oil and from what I'm seeing, there should be a huge rally beginning tomorrow. Based on that, my guess is NFP is low, dollar is lower, oil and gold up, and Market is Up. No rate rise in Dec - which we all knew was going to happen.

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Well, 10 pages on cobra today- time for another bull run?

We'll see tomorrow.

GLTA

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10 pages today on Cobra
- normally sign of a bottom in the market.

Just sayin'

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I just noticed we had 10 pages on yesterday's comments - normally this signals a bottom in the market.

GLTA
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Oh my! I just checked out some indicators I like to use with JNK, IEF, and JNK:IEF. Yesterday, was definitely a flow out of longer dated assets.

This thing is going up Big-Time next week!

GLTA

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11 pages for yesterday's board - over 10 has typically been enough excitement for a bottom in the past -

just sayin'...

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POMO for today has done it's job.

At this point, we're out of POMO for the month - Good luck tomorrow.

This drive up could last until the end of this week, but with the Fed in play, who knows... only the Fed.

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From what I can tell, POMO was not deployed today (saved for tomorrow- Tuesday).

Therefore, the markets should be up nicely tomorrow.

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. It appears more POMO (from yesterday) is being deployed today, so this grind up will probably continue thru the EOD. Keep in mind, Mon / Tue is the last day for POMO. There's enough to keep the market even / up on one of those days. After that, we might be out of the POMO game (QE3). Warning! - Wi...

. With the market up this much, I would expect it to be due solely to POMO ($1.65 Billion). However, I'm not sure all of it is really been deployed today, and might be saving some for tomorrow. There's an indicator I look at that seems to correlate when POMO is deployed, and while some has been used...

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Just to reiterate - $4.5 billion POMO this week - almost half of the entire amount ($10 B) for this month.

Also, both of the breadth indicators I track have turned bullish as of yesterday. This thing is going much higher, very quickly.

Be Careful...

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. $4.5 billion POMO next week. Should be enough to start a pretty strong short squeeze. Mon, Oct 20, 2014 Tue, Oct 21, 2014 Outright Treasury Coupon Purchases 07/31/2019 - 06/30/2020 $1.00 - $1.25 billion Tue, Oct 21, 2014 Wed, Oct 22, 2014 Outright Treasury Coupon Purchases 11/15/2021 - 08/15/2024 ...

. I'm with Flowergirl on this one. Bond ratio I'm looking at supports a bottom here - just like June 1 2012. Though this is an early call as a breadth indicator I like has not turned yet. Some POMO also will be deployed either tomorrow or wed for the remainder of the week. Should be enough for a mig...

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How about, they push this up to make it look like a H&S so all the bears get aboard, then squeeze it up for the EOY rally?

No H&S for the bears has worked in the last few years - none, only inverse H&S for the bulls.

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If 1905 SPX can hold thru Monday, there might be one doozy of a rally next week into OPEX.

Just sayin'....

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No POMO until next Wednesday

And, all these Bond Auctions this week and next - pulling money from the primary dealers, instead of providing them with funds to support the market (POMO).

It's not necessarily the Selling, there's just no money left to Buy Stocks with...

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Just have to say it again - No POMO until next Wednesday.

And, Breadth is confirming this drop, so far...

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Thank you so much for that!

(btw - Ignore button just clicked)

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