Cobra's Market View

HUGE sell volume block on IWM
1.1+ million shares in one min
Nine minutes ago
Highly unusual

Market is due for a reversal up (dead cat bounce) very fearful market. for Price Pays traders, bears got nothing to worry right now.

maybe the pullback will be bought. I know I've been wrong about pullback being bought all the time recently so it only proves we stuck in a range.

Over sold and fearful, wait until RSI drop below 50 before the fear subsides for bulls to be able to have room to move again. (1 hour bar)

That was Glencore Trading. A couple of weeks ago they were in the news for selling interests in their world wide storage tank network. Some saw that as a sign that the market was returning to normal, the smart money getting out of storage.

Looks like a potential set-up for a sell off into the close. If this level doesn't hold then thirst test of 2338 coming up.

no blood on the street means no end insight, as the old traders will tell you.

Me wants to see the Shaky Shaky thingy.

Maybe the Power Hour players will step up in front of bank earnings.

Trades with cats wrote:Maybe the Power Hour players will step up in front of bank earnings.

Bank earning is the last hope for good long weekend....or really bad weekend.

Samo samo today, defensive and protect your behind.

HAPPY HOUR

JPM is in a better standing than GS this time , but their MM's are good at shaking thing up on trading front. head fake all the time during earnings.

R.I.P. Charlie Murphy
Better known as the brother of Eddie Murphy, he was a gifted standup comedian, and was brilliant on Dave Chappelle’s show

Gandalf

"We think that would not be prudent over the next two to three weeks given the recent geopolitical developments and related tail risks. These geopolitical risks are primarily related to an escalation of tensions with Russia and North Korea, and the upcoming French elections. Before the US elections, Trump campaigned on a platform focused on domestic issues (jobs, taxes, manufacturing). Following the failure of the ACA repeal and immigration bills, focus has unexpectedly shifted to foreign policy. Strikes on Syria, shortly followed by the dispatching of Carrier Strike Group 1 to North Korea, took many by surprise. These geopolitical developments create tail risks for equities as well as for the Trump administration’s domestic agenda."

http://www.zerohedge.com/news/2017-04-1 ... nt-buy-dip

FYI
As of yesterday, GS is 7.65% of the dow
Compared to APPL weighted at 4.7%
JPM is 2.84%

ALL REPORT BEFORE THE OPEN
C
JPM
WFC

Pasta Boss -thanks for that. Looks like it could be a gapper for sure with that much running hard, one way or the other.