Cobra's Market View

King Powell saved the day! (most powerful man in world)

Weak jobs get us another pop tomorrow! Mid December next risky hurdle, unless jobs report awesome tomorrow (low odds) , then take cover lol.

JFR wrote:ES 5 minutes. "To the Moon, Alice."

2022-11-30_11-30-33.png

bears just clobbered - POWELL TO THE RESCUE ! see u at 4210

Bull wishes: King Powell: "our policy is working" "finally seeing signs of sectors/pricing cooling off" "more slowing jobs/wage data will help us move towards lower rate hikes/pauses sooner that later " + lackluster fri jobs report = 4200 on sp. and if none of this, wel...

brokebybernacke2 wrote:Recessions:

Preferably, we want a top half chart recession lol

Recessions:

BullBear52x wrote:The selling in the last couple days were so strong, Daily MACD bearish crossed on both SPX and HYG. very bearish regardless of how we closed today.

bossman, only smallies have macd cross - so far. maybe less very bearish lol

King Powell to the rescue! get ready!

FOMC "A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate," the minutes said All looking for omnipotent JP next wednesday, catch up on sleep till then I think. Jackson hall next week ? What time ? No Jackson Hall lol...http...

Al_Dente wrote:FOMC
"A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate," the minutes said

All looking for omnipotent JP next wednesday, catch up on sleep till then I think.

Bullish still - But, also best spot for a crash in sometime - bulls need to bust high today to be safe , do not stall here.

Corp credit has been bothering me for too long. Thorn in my bullside, you see bear cross/this is not a good chart. thoughts?

jademann wrote:Turkey day inflation is 20%. This is probably the true rate of inflation for the average family. We are not being told the truth. Also I have covid..

Jademan, lol, award for most concise negative post of day. hope you feel better.

well, its an island reversal for bears if they want it. gotta bust those nov 10 lows to make it possible...

so many fed speakers today.
small caps leading

bear thesis, QT . bull thesis , live on the squeeze.

small caps leading the way

....But TRIN is pretty accurate at ABOVE TWO It calls tops or interim-tops there (cyan arrow is the only fail) ps: we're not above 2 yet $TRIN <1> buy and sell using standard band of 2 std. right now upper band sell area, use $TRIN to see when the selling is intense >1, today is 3rd day of strong s...

"A rally like this is of course very dramatic to say the least, but you have them all the time in a bear market," famed investor Carl Icahn told CNBC. "We keep our portfolio hedged. I am still very, quite bearish on what is going to happen. I think the Fed has to keep raising and if ...

BullBear52x wrote:Look at Up/Dn Volume and Adv/Dec ratio, high and good exciting numbers when the reading were over 2. if $Trin were to be <1 it will be very healthy move, not today per my read.

could be problems, will know soon.. transports...

BullBear52x wrote:If you use $TRIN or the ARMs index, this is most likely a bull trap. I will be careful on the buy and hold.

all see long term TL upper channel, all indices heading for em, no worries till then.