Cobra's Market View

QED wrote:............Wilbur Ross stole his money fair and square!

I am hopping on the south bound train at 41

Intraday 2x top trend following in action, will see how this one will play out.

last 20 days, %

/ES channel, finally I got a channel to trade with today. a channel breaks out will stop me out from my shorts. boring day, ATR drop from 1.8 to 1.2, still money to be made intraday trading. be right back.

one more if you look for a pivot.

Speaking of political decisions with tails we have the heavy crude issue once again. Recall Obama Admin blocked the pipeline that would have brought heavy Canadian Tar Sands crude to the gulf coast cheaply. Now Trump Admin talking about banning Venezuelan heavy high sulfur crude. Too bad for all the refineries on the gulf who made the large investments so they could process cheep heavy crude.

Big gasoline build this week, my guess is the refiners are tasking Admin seriously on Venezuela and betting on a disruption.

"Walmart is hiring 900 truck drivers, raises salary to almost $90K"

pay attention to your tick

Bears can not lose today, and I am shooting for 25ish still, greedy greedy me.

FT 71's zones to the down side if this breaks loose, all ES: 2613, 2607, 2600, 2591. We will see.

Kudlow leaks:
“…moments ago when speaking on Fox News… Kudlow said that the jobs report for January will be “up” and may show “significant” gains ...

“Why is Kudlow so sure that the report will be solid? Because, according to Eamon Javers, "the furloughed federal workers will be counted in the next jobs number - in the establishment survey", in other words, even those who are expressly not working, will be counted toward the payrolls number.”

I be happy at the bottom here.

Al_Dente wrote:Kudlow leaks:
“…moments ago when speaking on Fox News… Kudlow said that the jobs report for January will be “up” and may show “significant” gains ...

“Why is Kudlow so sure that the report will be solid? Because, according to Eamon Javers, "the furloughed federal workers will be counted in the next jobs number - in the establishment survey", in other words, even those who are expressly not working, will be counted toward the payrolls number.”

Is it even legal to leak like this?

It seems he is in charge of boosting the stock market now. From denying the trade meeting cancellation to this

With this type of move I will not be surprised if we heading to test yesterday's low. if so I will buy again before the day's end.

Regular hours VWAP is at the regular hours opening price. Getting close. Last two trips above VWAP ended poorly.

I don't know why I stick around this late

Chart for the road: my final filtering, still bearish bias into tomorrow under here. If BEARs can hold under this center zone the outside day to follow (tomorrow?) will most likely be a down continuation candle. Peace!

Not a group of bullish pack here.

HAPPY HOUR
EARNINGS after the close: INTC, NSC, SBUX

“Let them eat cake”
[Arguably attributed to Marie Antoinette - popularly known as “Madame Déficit” - upon being told that her people were suffering due to widespread bread shortages. She was guillotined in 1793.]