02/28/2020 Live Update

[BullBear52x]

If this is a bear market, I like it.

[Cobra]

Guess bears are over today. This bull shall have legs. I'll treat it as a range day though as it'd be mostly within the yesterday's range.

[BullBear52x]

Intraday bulls earned buy the dip coupon now.

[BullBear52x]

Cash SPX Fib, bulls need to hold on the wedge line and 62.8% if not this will not be a day I am hoping for.

[Heck]

$NYMO = UP
https://stockcharts.com/public/1684859/ ... /585389789

SPY RSI (2) = 0.10 = UP
https://stockcharts.com/public/1684859/ ... /533449494

$VIX RSI (2) 99.44 = UP
https://stockcharts.com/public/1684859/ ... /533449495

Grateful for Cobra's Chart Analytics

[Cobra]

Members only update at 12:00 pm
http://www.cobrasmarketview.com/2020/02 ... ay-update/

[Al_Dente]

Another reason to subscribe to Cobra's MEMBERS ONLY UPDATEs:
"... Generally today is the best chance for bulls to counter attack as bears are fat and the weekend is coming therefore
may not want to hold too large position into the weekend. But, no matter what please don’t forget, it’s just a rebound if indeed today we have the rebound."

SORRY, COBRA I won't do it again

[BullBear52x]

Another reason to subscribe to Cobra's MEMBERS ONLY UPDATEs:
"... Generally today is the best chance for bulls to counter attack as bears are fat and the weekend is coming therefore
may not want to hold too large position into the weekend. But, no matter what please don’t forget, it’s just a rebound if indeed today we have the rebound."

SORRY, COBRA I won't do it again

Looks like a sale's rep application. any opening Cobra?

[te_fern]

Put on my first dumb trade and took a loss. Time to quit before I turn a profitable day into a loser!!

[Heck]

TRIN looks good today for bulls, a reversal candle will make it a screaming buy for dip buyers.

Effective indicator

[Al_Dente]

Looks like a sale's rep application. any opening Cobra?

[Heck]

FED odds for March 18 meeting
(wasn't this 53% odds of easing when I posted it yesterday?)

fedmar18.png.png

Folks on CNBC have been jawboning all morning for an emergency FED meeting over the weekend where they would issue a UNANIMOUS statement and cut rates.

Now zh picked up on it:
https://www.zerohedge.com/markets/only- ... to+zero%29

100 % Probability of March Fed Rate Cut ?
From No Cut to Cut
What a difference a day, week make
https://www.cmegroup.com/trading/intere ... -fomc.html

[Cobra]

If bulls cannot make a decisive new day high then it'd be lower high trend reversal, key time. No sharp pullback allowed, must be up and up and up.

[Heck]

$6 T global market loss in six days
$4 T USA

Funny money

[Heck]

IWM YTD

Novavax [303.3%]
Aduro BioTech [142%]

[Heck]

Commods YTD

Solar [13.6%]
Gold [4.3%]

[Heck]

How the market humbles us all

[QED]

It looks as if StockCharts.com is missing SPY candle data from 11:05am to 11:22am.

.

[Cobra]

Sorry, young single ladies only, except Pasta boss of course.

Another reason to subscribe to Cobra's MEMBERS ONLY UPDATEs:
"... Generally today is the best chance for bulls to counter attack as bears are fat and the weekend is coming therefore
may not want to hold too large position into the weekend. But, no matter what please don’t forget, it’s just a rebound if indeed today we have the rebound."

SORRY, COBRA I won't do it again

Looks like a sale's rep application. any opening Cobra?

[Cobra]

It looks as if StockCharts.com is missing SPY candle data from 11:05am to 11:22am.

.

Stockcharts now have problem everyday!!!