Cobra's Market View

Coolbiz went bullish around the bottom. He put up a new bull Elliot Wave count. Clearly he is concerned about the action this morning. "This bullish Count needs a confirmation by closing over 2755, until than its an idea and market may decide to not follow through. I trade both sides of the ma...

8am ET SPY PBar
263.84

The market manipulation is amazing.

Markets closed tomorrow - futures, too?

BullBear52x wrote:This is NUTs mate!

Annual physical exam later this morning. Glad I am not trading today, I would not want them to mis-prescribe blood pressure meds

Ah, so now are only worries are a government shutdown and trade talks collapsing

Buy and holders rewarded again! It’s just a “flesh wound”

SPY PBar levels at 272.68 where we are now, and 273.16

EDIT: these are PBar levels that have already been hit before

MrMiyagi - did you see this about Baby Janet??

CNBC source -
"Trump might have renominated Yellen for Fed chair if she wasn't so... short, report says"

fwiw SPY 268.45 PBar at 8am ET this morning
IB charts

In December 2007, Larry Kudlow, then a talking head at CNBC, proclaimed, “There’s no recession coming. It’s not going to happen.” That same month, the economy plunged into the worst economic downturn since the Great Depression. Last week Larry Kudlow, now the director of the National Economic Counc...

Hmmmm.... a very rare intraday PBar just showed at SPY 266.74 ????

IB Charts

SPY 3 min chart Every horizontal line is a PBar from sometime in the past 15 months or so. I have not updated PBars for a couple of months. The Pbars are typically from around an hour after the close and 8am ET before the market opens. They certainly seem to denote important trading levels. fwiw 201...

So tRump comes out and says 'hopeful China wants a Trade deal' and the Dow pops 200 pts. No substance, nothing to back it up, nada other than his lips/or tweet. I wonder if he got his scalp in place before mouthing. Glad I was not short. From CNBC: "Stocks rose on Friday after President Donald ...

fehro wrote:diamond patterns on DXY /GC /ES look for a possible 60-80 point move overnight into elections FOMC Thursday… /CL diamond broke today… better support at 60.25 .. buckle up it's going to get very violent for the election

Missed you!!!!

"...Trump mentions the $110 billion arms deal he negotiated with Saudi Arabia last year, he quickly follows up, saying “It’s 500,000 jobs.”..." Trump is a flat-out liar but Americans are so dumb (for the large part) they swallow this shit up like it's beer. Here let me fix this for you: ....

I cannot believe how ingrained the BTFD is in my "looking" at the charts even though I was not a BTFD type. I have been a "non-believer" in the up and up and up an up for so many years and here we are in a potential roll over and I still cannot pull a sell trigger. Ten freaking y...

AMZN Daily Chart - Nice ABCD fits for gap fill

AAPL daily and weekly charts not looking so supportive of SP.

Looks like the Health stocks in SP500 are driving the bus today.

Al_Dente wrote:How closely oil is tracking spx
Top panel is simple overlay; bottom panel is percentage
This is 10 days, 15min

1015oil spy.png.png

I miss fehro

Pick your sides! :o Let's fantasize the market continues sell off through October and miraculously is around DOW 19k at end of month. SPIN - Repubs - See what happens when it looks like the Dems could possibly gain control? Get out and vote Repub to protect your wealth and job. The market will rall...

BullBear52x wrote:I am done, I got better thing to do than to watch this slow motion movie.

next couple weekS will be slow on my post, Hunting season...Oyeahb
PEACE!

Have fun! Peace ....