Cobra's Market View

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no idea up or down from here.

members only update starts here: http://www.cobrasmarketview.com/2019/10 ... ay-update/

ES daily. Up off the EMA 20, at the top of a base.

ES five minute. Opening pretty much where it left off.

Choppy ground to continue. I am coming in with another bear leaning but looks like market will not give to be in red today, will see.

Quiet opening on the DOW. Some of the stocks up. A handful down.

Trading some currencies and some ETFs. Back later.

TICKs are looking strong out of the gate. Will probably need some consolidation soon...

testing the water, selling this 2x top.

Gooooood morning it is...

Take half off the table. greed kills.

ES five minute.

Thank you TRIN, no one buy this type of internals.

2951 comes to my radar. sell the weakness algo combines with high $VIX, it is very possible today.

Worst ISM numbers since June 2009 triggered the algos and the humans agreed, sell first think later.
Zero Hedge tweeting that only (don't call it) QE 4 can save us now.

But I read that essentially the money pumping has already begun so not sure if this ISM data point is confirmation of the past (that the Fed needed to act) or if it is saying the Fed has a lot more to do. Certainly not a surprise after seeing Germany teetering into recession and yesterdays dismal numbers out of S Korea.

Let's not forget Nomura saying yesterday that all kinds of hedge funds are likely to be reducing equity positions.

Cash SPX Fib, the selling is not done yet.

generally the rebound should be sold. I don't believe today would be a bloody downtrend day yet.

Still looking for my helmet. ah found it!

brokebybernacke2 wrote:Still looking for my helmet. ah found it!

They were behind the speakers (Fed brand).