Cobra's Market View

Market drop on Reuters crappy news, probably someone there is making a mint putting these out and buying putts/calls ahead of it: " Phase One" of the trade between the U.S. and China could slide into next year , Heather Timmons of Reuters reports, citing trade experts and people close to t...

Cobra wrote:maybe the low was finally in here. bias is up now.

SELLING KIDNEYS GOING ALL IN THEN!!

Be mindful of Put/Call ratio!! Getting too complacent, as is Fear/Greed!

DOUBLE-BOTTOM OR BUST!!! Today's low is also Friday's high so acting as a support zone for now. NYMO down to -15.57, likely pauses near -20 but no catalyst until whenever they sign Phase 1 (mid/late November). So we could be in for a pullback, could see $296 support or $294 gapfill but that would b...

Upcoming week has $26.025B in T-bills & Coupons scheduled to be bought.

Just passin' through, don't mind the old man's ramblings..

Bloomberg headline only at this time: *U.S.-CHINA SAID TO REACH PARTIAL DEAL, COULD SET UP TRADE TRUCE As part of the agreement, China would agree to some agricultural concessions and the U.S. would provide some tariff relief. The pact is tentative and subject to change as Trump prepares to sit dow...

Thanks TSF!

So this QEnotQE is not too far from those numbers.

K447 wrote:Link?
What exactly is an UNRELIABLE entity?

Link? We don' need no stinkin' leenk!!

It's all over twitter.

TRIN is above 1, let see who will win out. the deep pocket has an upper hands for sure. Up/Down volume is very high, skewing TRIN. Up to the last headline five minutes ago, it was a 86% Up Volume day. Headline driving the spike down was: CHINA HAS LARGELY FINALISED 'UNRELIABLE ENTITIES LIST' || CHI...

Al_Dente wrote:Also, Powell is talking bs now

Powell finished already? He said they would start a QE sometime, without giving a date or amounts. Also he said it won't be called QE this time.

**Trump imposes visa bans on Chinese officials linked to the mass detention of Muslims in Xinjiang province


But it's OK to hold Mexican kids in detention centers (he didn't say that but definitely thought about it)

Al_Dente wrote:Something just happened, and it's almost
HAPPY HOUR

US ANNOUNCED VISA RESTRICTIONS TO CHINESE COMMUNIST PARTY OFFICIALS

(aren't they ALL communists in theory?)

TRIPLE-BOTTOM OR BUST!!!
NYMO down to -62.44, testing last Wednesday's close (intraday it hit -80 then)