08/28/2017 Live Update

[Cobra]

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In range, now testing range high, suppose to pullback, suppose.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2017/08 ... ay-update/

[Trades with cats]

Tested 2436 ES last night, wondering if we do it again later today. 2450 area was the value high area for last week so we really moved through the trading range on high speed overnight.

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2017/08 ... ay-update/

[Cobra]

morning hourly black bar.

[tsf]

.
I save my thoughts for TX, not T.A. today
God bless America

[Trades with cats]

Sorry, I can't upload the file. Interview of man launching ski boat. What are you going to do? "I am going to save some lives today".

[Trades with cats]

Looking like oil may have found a bottom for now. People have to be trading on conviction at this point because the damage levels are unknown. Pipeline operators are shutting down, as you would expect, so the media will be talking about potential shortages in the southeast just as a tropical storm system goes up the coast.

[Al_Dente]

Last night’s guesstimates: some of the industries that should be impacted by Harvey
https://www.bloomberg.com/news/articles ... es-is-eyed

[Al_Dente]

“The New iPhone Won’t Blow You Away”
“Not with anything revolutionary, anyway. There’s still a lot of sizzle and improved features in the iPhone 8. The device will be more powerful, the cameras will work better, and you’ll even be able to unlock it with your face. Some of the other stuff, however, is already on rival phones: wireless (inductive) charging, an almost all-screen front, an OLED screen. “We don’t feel an impatience to be first,” Apple CEO Tim Cook told Bloomberg. “Our thing is to be the best and to give the user something that really makes a difference in their lives.”
[Bloomberg]
How many times have you thought it would make a big difference in your life if you could just unlock your phone with your face?

[Al_Dente]

Those of you who were active in 2008 will remember AIG with disgust.
Latest news is that they are boosting pay for top executives.
http://www.reuters.com/article/us-aig-p ... ss+News%29
This is a MONTHLY chart, just to scare you

[Cobra]

hopefully it's 100% mm. if it cannot decisively break the day low then the low might be in for today. key time.

[Trades with cats]

So with AIG it brings back memories of Hank Paulson telling Congressional Leadership that the taxpayers had to take all the Wall Street losses or it would be a real disaster. Nothing new there, remember the text of Andrew Jackson's speech when he abolished the Second National Bank (it was popular on the internet a few years back). What is scary to me is the next time AIG types tip us upside down with ridiculous bets (recite appropriate Nassim Taleb passage) Gary Cohen or whomever is going to have a lot harder time scaring Congress because current leadership lived through the last crisis.

[Trades with cats]

Weekend low was 2436.25 and Thursday low was 2434.50, both ES.

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2017/08 ... ay-update/

[Trades with cats]

Oil had another drop.

[Trades with cats]

3rd time on Fridays low (ES), not looking good for bulls.

You have to ask yourself about how effective the broken windows economic theory is, at this point.

[Trades with cats]

Thare she rips!

[Cobra]

breakdown, now let's see if 100% mm target can be met.

[Cobra]

mini rebound target. likely it'd be exceeded. let's see.