Cobra's Market View

Trades with cats wrote:https://www.youtube.com/user/EconomicClubChicago

thanks boss

Top of the range and VWAP, this is a good test.

Trades with cats wrote:Everybody ready to play out guess the Algos when his speech is released. Will it be normal Fed day rules or something else?

I believe he will be hawkish. I don't think he wants the market to continue higher because he knows this bull market can't continue throughout his term. So the best time to share the blame between him, Yellen and Trump is now because soon Yellen (and even Trump if impeached or voted out) will be out of the picture. So the sooner the bear market takes place the better for him because he will still have time to fix it and leave behind a decent legacy. But if bear market happens later in his tenure, he will leave behind a bad legacy. I don't think he wants that. So bulls shouldn't expect any help from him anytime soon.

so maybe the low was in for today.

fern:
biotechs
https://www.bloomberg.com//news/article ... ite-growth

Al_Dente wrote:fern:
biotechs
https://www.bloomberg.com//news/article ... ite-growth

Thanks Boss. They have been pretty weak lately.....

OK, fake news about low was in. but still could be 3 push down, bears need push down more.

Time for the big test of the prior defended low.

ok, i have a dream.

march 27 high to current POC is (drum roll) 2612, so no surprise that the short squeeze gains are being reversed as Fed Chair sounds like economist not like someone who cares about Wall Street.

fehro wrote:

K447 wrote:

fehro wrote:.. worse case SPX 200d SMA 2693.82

2593 seems more reasonable

whoops yes.. not enough coffee this morning

almost there

fehro wrote:

fehro wrote:

K447 wrote:

fehro wrote:.. worse case SPX 200d SMA 2693.82

2593 seems more reasonable

whoops yes.. not enough coffee this morning

almost there

what if it goes through? like a hot knife on a butter!

AD best bear reading of the day:
NY declining stocks = 4.1 x advancing stocks
NY declining volume = 7.3 x advancing volume

another dream.

From this am prior to open
H/L est= 2650.75, 2600.25

fehro wrote:

fehro wrote:

K447 wrote:

fehro wrote:.. worse case SPX 200d SMA 2693.82

2593 seems more reasonable

whoops yes.. not enough coffee this morning

almost there

50w next 2565.85 .. should 200d be sliced like soft butter

This seems possible, which isn't the same as likely. I like that 2590 to 2600 range.

1der wrote:AAPL has an unfilled PBar at 168.39 from a couple of days ago. Market is not going far if that PBar is calling AAPL. fwiw

Almost there. I am thinking it will coincide with the ES 2592 test. Gotta go, unfortunately .