Cobra's Market View

OIL
It took two+ months, but the inverse H&S target was finally met a few days ago at almost 60, then I thought it would pull back a bit.
This is EOD as of yesterday’s close, but I think today WTI is about 59-ish [?] again

bloomberg moments ago:
flynn MAY (MIGHT) testify against trump

Flynn?

Al_Dente wrote:bloomberg moments ago:
flynn MAY (MIGHT) testify against trump

Pasta Boss, that's what I'm seeing too....

wow, tax bill passed/failed?

te_fern wrote:

Al_Dente wrote:bloomberg moments ago:
flynn MAY (MIGHT) testify against trump

Pasta Boss, that's what I'm seeing too....

“Flynn prepared to testify against Trump, ABC reports”
Via bloomb

Fairly rapid reversal in dollar too; UUP pressing fresh lod

3 minute oil futures today....

te_fern wrote:3 minute oil futures today....

Fuckery,why would they release during tax vote,snapback rally IF passes

3 minute gold futures...

“Flynn has agreed to cooperate with prosecutors in Russia probe”
[bloomb, now]

and for the youngsters around here, Bitcoin. Interesting that it didn't move much. Don't know if there is a delay on this one...

Anybody on this board have confidence in their reporting service, and its pinning of a price on that recent spike low on SPY?

. . . . .

(obsolete)

now we finally understood why despite the market was up and up and up VIX was up and up and up too. Big guys knew far more ahead of us.

VIX hit 14 few minutes ago

Levered small caps are giving the tax bill back now....

Michael Flynn promised "full cooperation to the Mueller team" and is prepared to testify that as a candidate, Donald Trump "directed him to make contact with the Russians."
http://www.zerohedge.com/news/2017-12-0 ... cks-plunge

[add on: LOGAN ACT summary at the link above]

Al_Dente wrote:Michael Flynn promised "full cooperation to the Mueller team" and is prepared to testify that as a candidate, Donald Trump "directed him to make contact with the Russians."
http://www.zerohedge.com/news/2017-12-0 ... cks-plunge

And we know what Donald will say about that.....

Cobra wrote:Big guys knew far more ahead of us.

Heard an interview on Bloomberg recently with a law professor specializing in racketeering trials. He said the Special Prosecutor is using standard organized crime tactics. Gather the obviously-guilty small fish, and start “rolling them up” as the phrase goes. Roll them up as high as it goes, and as high as they are willing to go. It’s a long slow process, with occasional successes.

So it’s very likely that progress in this process could be leaking out of the prosecutor’s office.

My 1,000 transactions per bar chart is averaging 10 seconds per bar since the drop started. The spike low was at 11:14:07 to 11:14:11 eastern. My chart is in Mountain. The first drop bar was at 11:07:57 and lasted 20 seconds.