If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.
Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.
Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.
Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.
I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Harker, Philly Fed Pres, just spoke on CNBC
He's neutral, but he DOESN'T VOTE
Maybe Powell lifted the gag-order, and we'll get more FED chatter today (?)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Yes I know Cobra says statistics on bearish engulfing don't mean much, but hey it is an interesting pattern.
I think it will take more than a Presidential tweet to turn this one today.
might be a rebound here first but this bear shall have legs.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Potential cracks here in the San Francisco Bay Area ??
Things in the housing sector may be slowing down. I have been trying to get a tile person in to due a bathroom, never get a call back, everyone is super busy especially the high quality people. Well, yesterday one of them called and apologized saying he HAD been so busy but now things have slowed down.
Still plenty of construction cranes on the skyline but that is different than the residential marketplace which can more quickly change.
A friend’s business in Denver has seen business slow pretty quickly from being in a 6 month delivery backlog in January , now 5 to six weeks.
Another friend relayed his hearing of Toledo Ohio having block after block of vacant store fronts, and the coal belt being quite depressed.
MrMiyagi wrote:August manufacturing PMI comes in under 50, this is where recessions start (despite what Donald and plastic-puppet Kellyane say).
This may force Fed to cut the rate, it may be too late though.
Fed behind the cure? Why Sir, I have never heard of such a thing!
Huge tax cut = huge deficit and just a quick “high” for most,- now back to reality
Next Rate cut will piss off the senior sector who just now are starting to see some, albeit low, interest returns on their savings vs the .25% or nothing up until recently. 2% on $1mil at least pays for something. .25% not much.
Al_Dente wrote:Harker, Philly Fed Pres, just spoke on CNBC
He's neutral, but he DOESN'T VOTE...
Non-Voting Harker:
"Yield curve is only one of many signals."
"Trade issue makes business decisions difficult."
"Growth now is exactly what we had anticipated last year." "No need for another rate cut, central bank should stay here for a while."
"Trade resolution would boost growth."
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
From Briefing.com..
"Kansas City Fed President George (FOMC voter) reiterated her view that there was no need to cut rates last month, while Philadelphia Fed President Harker (an FOMC voter in 2020) told CNBC that he doesn't support further economic stimulus right now.
Interestingly, the CME FedWatch Tool now puts an 8.8% chance that the fed funds rate remains unchanged at the next FOMC meeting in September. Of course, this remains a minority view, but two days ago, this probability was at 0.0%."