Cobra's Market View

Cobra wrote:Must be a news, the last red bar was big so should be a rebound first then we'll see.

Usual corona stuff, nothing new, increases in western states. Apple said they'll re-close some stores again.

Cobra wrote:Probably another news. Possible higher low, i.e. bears were over, if no further pullback from here. Key time.

US-China Phase I deal is still on according to peeps. Trump didn't yap yet, was due at 14:00 ET, he's actually tweeting at 14:20 ET about some shit he said.

NewsWire: Senators pass a bill unanimously regarding delisting Chinese companies on US exchanges.

Probably will cause some volatility.

Al_Dente wrote:MRNA down -9%
zh reported yesterday that the company sold $1.25bn of their own stock

Zerohedge is a bunch of bozos. Moderna did a SECONDARY OFFERING of $1.25B. All companies have done and still do this.

Must be a bad news, now rebound from range low. No idea where it's heading. Wait for the dust to clear. The same staff writer at StatNews that wrote about Moderna's COVID19 developments yesterday opted to write another one today , focusing only on the 'Dark Side'. No bias there of course... Fear ge...

Heck wrote:Jay did not get the memo ?

Jay doesn't get the game like Baby Janet and The Bernank did

Cobra wrote:Not exceeded the mini target before rollover so still no serious bulls yet, still in range, still generally should be a rebound before the close, a down from open to close day has been rare.

Ah dammit, sold kidneys to go long, come on Baby Janet!!

ps NYMO at -52

Cobra wrote:Target met, not looking good, must be certain news.

Fed's Richard Clarida made some comments about economy, something about 'persistent weakness' but sees no increased risk of recession.

IWM above the 50-day for the first time since February 24th.

Earnings for upcoming week.

Look at the charts! :shock: You need to think of the reasons BEHIND the current situation - business shutdowns and reduced capacity operations in the US for example. Then think of re-opening that is currently happening in Asia and Europe, as well as in some parts of USA. In 2001 that LEi drop did n...

Recession or No Recession, that is the question. In the past 13 years, the only occasion where SPX made a lower-low of significance was during 2008-2009 recession. I have mapped it out using similar NYMO breadth thrusts although the most current one has the highest low-to-high swing, 260 points in l...

NYMO view.

That's not the issue. The issue is the high % of critical care cases that are going to overwhelm the health care system. That in turn drives the fatality rate up because people are going to be left in hospital hallways to die, other critical cases can't be treated (heart attacks, car accidents , et...

Cobra wrote:So far it's in a down price channel, need a breakout of the channel in either direction before any changes are possible. Assume will channel down to test the day low.

We're all doomed.. All over a virus that has 96% recovery rate.

Daniel wrote:

MrMiyagi wrote:...and close to jeebus.

Jesus. (typo)

No typo. Jeebus.

Fauci of the NIH said they don’t recommend large crowds, added “if that means not having people in the audience when NBA plays, so be it” . Next up, NHL, March Madness, Disney Parks etc… I wonder how long before they start telling people to not go to church, the only thing Americans are most adamant...

Cobra wrote:My guess is a test of the yesterday's low then rebound. Let's see.

POWER HOUR CANCELLED FOREVER