Cobra's Market View

more than 100% mm, so might still be 3rd leg down.

something new today, this is a good healthy economy if they are really turning up these sectors. well, retail is another sector to follow today they finally find a bottom? or just exhausted?

Retail- weather in the West has been unsettled. At the thrift shop where my wife volunteers donations are down because people haven't moved on to spring summer cloths yet. Don't know about the East but reports are of unusual weather patterns showing up in Government numbers.

Trades with cats wrote:Retail- weather in the West has been unsettled. At the thrift shop where my wife volunteers donations are down because people haven't moved on to spring summer cloths yet. Don't know about the East but reports are of unusual weather patterns showing up in Government numbers.

There wasn't a winter to speak of in the East. It got cold in December but by February it as raining. Grass has been green since March.

MrMiyagi wrote:

Trades with cats wrote:Retail- weather in the West has been unsettled. At the thrift shop where my wife volunteers donations are down because people haven't moved on to spring summer cloths yet. Don't know about the East but reports are of unusual weather patterns showing up in Government numbers.

There wasn't a winter to speak of in the East. It got cold in December but by February it as raining. Grass has been green since March.

Mid-March snowstorm 'Stella' did not affect your region?

https://www.google.ca/url?sa=t&rct=j&q= ... n48oz8BBuA

Fox and O’Reilly are in "exit negotiations"

K447 wrote:There wasn't a winter to speak of in the East. It got cold in December but by February it as raining. Grass has been green since March.

Mid-March snowstorm 'Stella' did not affect your region?

No, it past East of Toronto and hit Montreal/New York side. I don't even remember it raining.

MrMiyagi wrote:... it past East of Toronto ....

Oh, you think Toronto is in the 'east' ...

FUNDAMENTALS, measuring risk
“Interest Coverage Ratio” is loosely “how many times can we cover the interest on our bonds if we get in a pinch”
2x is okay, meaning we could pay our interest twice over (2x is an okay cushion, 3x and more is even better)
The IMF finds that Coverage Ratios have “fallen sharply over the past two years.”
“…IMF Finds Over 20% Of US Corporations At Risk Of Default Should Rates Rise”
http://www.zerohedge.com/news/2017-04-1 ... rates-rise
But rates are currently falling (bottom panel)

3rd leg down as expected. maybe a short one, wait and see.

A couple of hard TICK marks down to -655 and -480.

I see yesterdays VWAP and close, as well as several pivots between here and the overnight low (early in the asian session) at around ES 2336. But IF we get there it is just six points away from that potential (not ever going to say possible) bearish engulfing daily bar.

IWM 5min tiny little H&S just broke neckline

very very disappointed on da bulls today, well, back to the cloudy day again, one last chance for short term bull is to close higher than where we are now or down trend to resume.

Bear flag, no room to be messing around here for da bulls.

/CL looses 20w,50d SMA.. nearing 20d 50.76 just a quarter lower

I really didn't expect that opening gap to close. Maybe we play Limbo music this afternoon.

fehro wrote:/CL looses 20w,50d SMA.. nearing 20d 50.76 just a quarter lower

50wSMA 48.90 next.. 200d. 48.89 … /CL lost over $2 a barrel today.. nuts..

BEIGE BOOK at 3:00 pm, but zh is already tweeting about it