Cobra's Market View

Apple is expected to launch an ambitious new entertainment and paid digital news service on Monday.
Apple will charge about $10 monthly for access to a variety of magazine and newspaper content. Apple is expected to take 50 percent of the revenue. The Wall Street Journal has agreed to join Apple’s service….

https://www.reuters.com/article/us-medi ... me=newsOne

Trump has asked Stephan Moore to serve on the FOMC.

BAM ! Turn on the computer!

sharp rebound here then it's range day, sharp down here then it's downtrend day.

Trades with cats wrote:Trump has asked Stephan Moore to serve on the FOMC.

who is he ??

I will not push my reverse button until 19ish.

not greedy here, just trade what I see. ( sell stop is in) let see 17-22 ish.

My sell stop got stop out well ........bottom is in?

Update SPX cash

I am on a bull train now, @26, last trade if I got stop out, it's Friday.

got stopped out, It's Friday it is.....................Peace!

Al_Dente wrote:

Trades with cats wrote:Trump has asked Stephan Moore to serve on the FOMC.

who is he ??

Larry Kudlows spiritual half brother. Heritage foundation, Wall Street Journal editorial board, Fox News, CNN. You have seen him on TV.

Trades with cats wrote:

Al_Dente wrote:

Trades with cats wrote:Trump has asked Stephan Moore to serve on the FOMC.

who is he ??

Larry Kudlows spiritual half brother. Heritage foundation, Wall Street Journal editorial board, Fox News, CNN. You have seen him on TV.

Oy, thanks boss

WTH... it's so rare to see a long swing setup triggered yesterday and a short swing setup triggered the next day. This is the first time to occur this year.

I am not feeling so stupid after all those posts showing and claiming that the up moves have been all about Tim Cook and others in similar positions turning over 280 Billion dollars to Goldman's buyback desk this year. Since the New York market makers had that much of other peoples money to buy stocks you just knew they would take on the CTAs and momentum Hedge Funds for an epic squeeze. The open questions were:
Is this the biggest sucker rally in modern history
Is the bond market wrong.

Well the Fed has said the bond market is correct and we blew it once again. PMI's from around the world are saying yes it is a sucker rally but we won't find out for sure until the earnings calls get going.

One thing is certain, when retail investors look at the charts this weekend I do not think they will be pumping in another 26 billion at the top like they did two weeks ago. Bob Farrell's 10 rules are written on a stone tablet for a reason.

Should break 280 here if bonds are correct. Move in bonds has been relentless, really.

If I were right, ES just hit intraday bottom ~2814 for today....

P.S. Please note that any call for intraday top or bottom is just for speculation. I don't trade based on speculations, only through setups.

Note relative volume at the bottom.

AD bear is 4.24x bull

Oversold and ready to blow off.