Cobra's Market View

Bulls do NOT want to see IWM lose 150 or SPY lose 290, these have been battle lines for a while.

Yield Curve, 2s10s spread, just inverted again

Appetizers: caviar and foie gras
It’s really hard for me to imagine that Powell would disappoint
He will have to be very DOVE for the markets to breakout
Perhaps he’ll be neutral; that would disappoint
The frontrunners are just guessing, based on the 91.2% odds favoring a rate cut
“Only Price Pays”

DIA, IWM, QQQ and SPY. Riding the EMA 20, now on the upside.

ES 5 minute. At resistance, for the time being. Hard to keep the bulls down. They are resilient. Pulling back to the pivot. The battle is not over.

Riding the EMA 20.

Back later ...

CNBC's Steve Liesman at Davos said that Powell speaks tomorrow at 10:00 am ET (not a typo)

the pullback probably will be bought.

10 AM New York is 8 AM Mountain Standard.

Cobra wrote:the pullback probably will be bought.

Come on weak sauce, strengthen thyself and move back up!!!

Better watch FED’s Kaplan up next for Liesman interview at Davos, CNBC

well, guess that's it for today. here's what Friday looks like: https://stockcharts.com/public/1684859/ ... /533449397

thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449397