02/19/2020 Live Update

[te_fern]

If this is the channel its following, it may be falling out of it....

[JFR]

ES 5. Testing beneath the EMA 20.

[Al_Dente]

FED MINUTES in a few minutes

[Al_Dente]

warning: stockcharts NYAD intraday is broken

[JFR]

ES 5. Riding the EMA 20, in a base.

[Al_Dente]

HAPPY HOUR

[Heck]

FOMC Minutes re financial instability escape clauses

banks announced they intend to allow their capital ratios to decline closer to regulatory requirements

borrower demand weakened for Commercial and Industrial loans

business sentiment brighter

capital levels at US banks quite high relative to other sectors of financial system

companies intending to expand their capital expenditures this year

coronavirus new risk to the global growth outlook

cyber attacks could affect US financial system

initial public offerings continued to be quite light

market participants continued to see risks to the economic outlook as skewed to the downside

Output forecast to expand above the staff's estimate of its potential rate of growth in 2020 and 2021

planned increases in dividend payouts by large banks

possible creation of standing repo facility

possibility of a more substantial slowing in economic growth

ratio of household debt to nominal GDP fairly low

repo operations maintained at least through April

risks to forecast for real GDP growth tilted to the downside

significant pickup since last summer in residential investment

target range for the federal funds rate will be lowered by roughly 30 basis points this year

Committee directs Desk to continue conducting term and overnight repurchase agreement operations at least through April 2020

Voting for this action:

Jerome H. Powell, John C. Williams, Michelle W. Bowman, Lael Brainard, Richard H. Clarida, Patrick Harker, Robert S. Kaplan, Neel Kashkari, Loretta J. Mester, and Randal K. Quarles.

https://www.federalreserve.gov/monetary ... 200129.htm

= MARKET UP

[Trades with cats]

Someone commented on twitter someone who is paid to write-
that this market has nothing to do with economics or anything related to business. Totally driven by central bank handouts and stock buybacks. Thus the response to China shutting down, because bad news means more fed printing. And now we have seen that. They even wheeled out the old chair this week to say be Japan buy up the stock market.

It is never different but bad ideas are frequently that way when taken to extremes. A little bit of Central Bank interference may be helpful but a whole lot leads to central planning and that has never been a successful model.In spite of what the clues fools at the Mariner Eccles building say.

[Trades with cats]

I was thinking a small drop to ES 3385 going int the close. Clearly I was thinking wrong. I like 85 because as of yesterday it was the options pain level. But tomorrow is when it counts.

[Cobra]

Not a typical close for an uptrend day but since we all know once the ema20 is touched, the trend is almost over, so no surprise, if you have been following my comments for awhile. Just I'm still a little disappointed.

[Cobra]

Members only update at 3:55 pm
http://www.cobrasmarketview.com/2020/02 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Thursday looks like: https://stockcharts.com/public/1684859/ ... /533449387

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449387

[QED]

.
Amazon PBS documentary missing Jeff Bezos

https://www.foxbusiness.com/technology/ ... ezos-wilke



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