03/07/2017 Live Update

[Cobra]

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maybe a breakdown is more likely.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2017/03 ... ay-update/

[Cobra]

this is the 2nd test of the yesterday's low so anytime a sharp rebound would mean the low was in, bear's be cautious. it's hard to be bear.

[daytradingES]

H/L est= 2372.50 2362.75

[te_fern]

Yesterday's low goes......

[te_fern]

Boss, thanks for the update on the stock split for TNA!

[Trades with cats]

Where are the Central Bank buyers?

PS JP Morgan added their voice to B of A Merrill yesterday. In the Immortal words of The Clash "should I stay or should I go" house of Morgan says go. Not Goldman, they have a contingency plan, overweight equities and overweight cash.

[daytradingES]

Anybody heard if the March 15, 2017 debt ceiling in the USA is fixed or moveable?

[MrMiyagi]

NYMO hit -61 this morning.

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2017/03 ... ay-update/

[Trades with cats]

Anybody heard if the March 15, 2017 debt ceiling in the USA is fixed or moveable?

David Stockman wrote one of his hyperbole filled pieces about it last week. He of course sees it as Trump's total defeat. Supposedly the Treasury can keep the doors open for somewhere over 60 days or so before the Government starts shutting down. Key issue is Speaker Ryan can not count on the house freedom caucus and it is unknown if the Democrats will use this as an opportunity to shut down government.

So yes, once again a political action to kick the can down the road (Bonure Obama deal) comes home to roost just like a Greek debt crisis. Wasn't it Twain who said history sure rhymes a lot.

[Trades with cats]

Translation for non-US centric English. US House of Representatives Freedom Caucus is essentially the Tea Party, a group who want to rapidly shrink the size of Federal Government.

[te_fern]

FYI, BB52 is on vacation per his blog.....

[MrMiyagi]

NYMO

[Trades with cats]

Now Zerohedge is tweeting that Central Bankers are in the house.

[Trades with cats]

ES 2/3 of the way to goal.

[Cobra]

sharp rebound after tested yesterday's low, so the low might be in.

[fehro]

TLT Weekly, breaks 115ish could see a sharp drop in bonds.. bond money "could" flood equites.. and we could explode up on the indexes.. add any anti-Euro elections.. look out above!!

[Trades with cats]

ES 2374 or so was the London/Frankfurt open today. Just saying anyone who went short is now underwater and any who shorted the weakness at the New York close have pretty much lost their profits. Admit I was really tempted yesterday afternoon to do the same. PBoC recent actions have really slowed early overnight buying. Anyone who doubts that they are curbing credit creation just look at Doctor Copper.

[Cobra]

the pullback likely would be bought