Cobra's Market View

JPM isn't feeling any love this morning

Petsamo wrote:JPM isn't feeling any love this morning

Agree, I have been watching it tick down cent by cent.

TraderJoe wrote:KENA, here is a new friend for your cat...

Nice cat TJ...

TraderGirl wrote:

TraderJoe wrote:KENA, here is a new friend for your cat...

Nice cat TJ...

Thanks TG, do you have any magical charts today?? You sure hit SLV and NUGT on the nose yesterday...

What´s up with ford ????

Petsamo wrote:JPM isn't feeling any love this morning

Maybe they found out the loss is double the 9 billion...... haahahah.

Mr. T wrote:

Petsamo wrote:JPM isn't feeling any love this morning

Maybe they found out the loss is double the 9 billion...... haahahah.

JPM does't care, it's only 2 months profit to them..

KeiZai wrote:What´s up with ford ????

Bad earnings pre-announce, re. foreign earnings.

KeiZai wrote:What´s up with ford ????

agreed.

and to Petsamo...i don't like it, and assume it'll head lower.

weak outlook in Europe...and most damaging...in Asia.

"Ford said late Thursday it sees second-quarter operational losses in its international divisions tripling from those in the first quarter. In a Securities and Exchange Commission filing, Ford said it sees competitive and pricing pressures as well as weakening currencies in South America, a situation in Europe that has "deteriorated significantly" because of economic woes and low consumer demand, and growing investment and growth costs in Asia Pacific and Africa. Ford reported operational losses of $190 million for the regions in the first quarter. The automaker said it still expects to post a profit for the second quarter because of strength in its North American unit and financial division."

TraderJoe wrote:

Mr. T wrote:

Petsamo wrote:JPM isn't feeling any love this morning

Maybe they found out the loss is double the 9 billion...... haahahah.

JPM does't care, it's only 2 months profit to them..

how is it 2 months? they earn under $5B a quarter. if it really is a $9B loss, that's nearly half a year's profit off the table...

disclaimer, i'm long JPM.

Daniel-David wrote:

KeiZai wrote:What´s up with ford ????

Bad earnings pre-announce, re. foreign earnings.

Ah thanks, chart looks too bad

60 minute heikin ashi

jarbo456 wrote:

TraderJoe wrote:

Mr. T wrote:

Petsamo wrote:JPM isn't feeling any love this morning

Maybe they found out the loss is double the 9 billion...... haahahah.

JPM does't care, it's only 2 Quarters profit to them..

how is it 2 months? they earn under $5B a quarter. if it really is a $9B loss, that's nearly half a year's profit off the table...

disclaimer, i'm long JPM.

Correction, 2 Quarters...

TraderJoe wrote:

TraderGirl wrote:

TraderJoe wrote:KENA, here is a new friend for your cat...

Nice cat TJ...

Thanks TG, do you have any magical charts today?? You sure hit SLV and NUGT on the nose yesterday...

Not sure if I believe the low in NUGT is in...may have more downside if the markets correct some more....don't think we are done....

the red triangle played out to the upside now... 1380ish retest neckline? forming another light blue triangle?

Here is my chart on F that I posted a few weeks ago....still playing out...

Gold will get very interesting if futures can break 1600 resistance.

Al_Dente wrote:60 minute heikin ashi

629heikin.png

No comments Dr.? What's going on in the head? The public wants to know (seriously)

I feel the saying is used all the time BUT "next week will be telling". Interested to see if we can overcome June 19th high of $136.25. Maybe (likely) it's my current bearish bias but I feel we still have more down to go in the next month or so

[quote="OverUnder"]Gold will get very interesting if futures can break 1600 resistance.

Cobra says Consolidation usually continues the trend. Does this work on futures????