Cobra's Market View

brokebybernacke2 wrote:

Al_Dente wrote:Cohn will be on Bloomberg at 4:00 ET

always after market aarrrgghh...these tariffs are really idiotic, hard to believe. trump backs off tomorrow/friday, market pops. he doubles down, takes market with it,...jobs report to boot. unfortunately , good odds on idiocy these days...
is bitcoin leading the market??

cool bitcoin chart, thanks

Fed is already in damage control mode sending out speakers today saying fewer rate increases if trade war enacted. Don't forget Chair Powell is the author of the bail in program that is now law of the land. Wall Street bank fails the FDIC seizes control, liquidates share holders bond holders and account holders to stabilize the bank then starts selling off the salvageable organs following the living will procedures. No tarp, no Gary Cohen filling in for Hank Paulson rewarding and punishing with tax payer money.

nice ch , buy point 2730 ish, tariff relief?...initial target 2770

vol surge so maybe a pullback here first which likely would be bought.

15min
These charts just look very similar
Just sayin’

My view of the path to 2770. That first blue box is sitting on the high volume node that was shown to be support last night and stops at the low volume node that is current resistance. So looking at the second box 2770 isn't that much. But it all depends on if those executive orders get signed today, then Friday morning Jobs report.

bias is up if not pullback already being bought.

21 minutes ago, Trump to sign Tariff order at noon tomorrow.

Green close on the way. Problem is all that energy used up getting back to where we were. Maybe now that the Fed has implied tariffs will wreck economy and White House is showing 'flexibility" could be no noon swoon tomorrow.

WH "Mexico, Canada May Be Exempt From Tariffs"
so lets rally
MAYBE, MAYBE exempt
(too soon to see if institutions will buy MOC)

50 day moving average recovered, VIX dropping, Trump cutting deals on tariffs right and left and before you know it corporate buyback money will be flooding the market. Starting to look like the recent sighting of bears does not mean they are off the endangered species list just yet, but Friday morning at 8:30 could make a difference.

well, guess that's it for today. Thursday tomorrow has been generally bull friendly. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

....

2730 level key..

really expect dovishness on tariff talk...however, will say this, if there is no give in the tariffs, a bigger longer term top may be in/dollar threat.. jmho...but cannot believe that...cant cant no no....