Cobra's Market View

Reports of shooting inside the capitol building outside the chambers, tear gas inside the building

Capitol building breached by protestors. Chambers have been locked w members of congress inside.

IMG_0513 (1).jpg Fumar does indeed sleep on keyboards. Lucky for me he is my wife's man cat so he only walks across mine. Life is tight with a three foot by four foot table as desk, dining and sun bathing area. Head over to Lone Rock CG Lake Powell - our full timing friends are there enjoying this:...

TOS TD Ameritrade margin requirement on one ES contact is now up to $17300.00 when they raised margin requirement the out look is not so bright, just saying. That $17,300 is ~346 ES points of cushion. "It's just a flesh wound" From Interactive Brokers last Saturday: Dear Client, In light ...

ES 5 minutes. That is a serious crash overnight within 15 minutes. One wonders if it is the Covid related news. 2020-10-01_22-02-34.png Trump test positive. Actually it's just a matter of time he'd be infected. And here is the headline ... A matter of time. I agree. It seems there are different deg...

= Record 18 DOWNS What did the hurricane say to the coconut palm ? The Hurricane said, dang, looks like there are 5 Trillion of you coconut palms and a complete solid wall constructed by the US Treasury with ability and desire to print more bricks stackable to the moon. The orange fringed coconut p...

Doji 2 min PBar This morning 319.99 / 322.71

wrong board. I was checking out the TA but ran into politics forum. :( BB52 - yep, my link to Cobra's site was somehow mis-directed. Hope it gets back on track stat. :cry: Interesting rising crescent pattern, not sure I have read about that one :lol: Maybe it is "ending diagonal $5T sickle&quo...

China hitting back.

https://news.google.com/articles/CAIiEF ... id=US%3Aen

My take is we will be up trending until November election with a few well placed scary drops thrown in when needed. Underlying: The Win-Win - the group in charge right now has shown they will manipulate whatever they can to stay in charge. Their four year run is up for decision in November. Scenario...

Heck wrote:50 Million Americans Lost Their Job In Past 6 Weeks
20 M unable to sign up for unemployment
Many have gotten no checks from gov
BEARYA

It’s just flesh wound, 5 Trillion bands will take care of everything along w the magic light wand.

Al_Dente wrote:NFLX up 10% already
after hours

Well, that was short lived

USO halted, now reopened
June crude down 44% today

2:42 pm: Here’s why this oil price crash isn’t as bad as it seems The oil futures contract that fell more than 100% on Monday is for May delivery, and it expires on Tuesday . With the coronavirus pandemic leading to unprecedented demand loss, and with storage tanks quickly filling up, there is no d...

Heck wrote:May CL.1 hit a penny

May QM now unavailable or locked, JUNE pricing and USO starting to slide. Not Good.

Al_Dente wrote: [If I put USO on this chart, it would show down -64.56% ]

CRUDE MAY -
Now at 2.50 per barrel down 85% since Friday

May Crude Futures - Pretty soon they cannot give it away.

Down $10.50 per barrel at $7.750 down 57.5% from Friday.

June crude "only" down 9% at $22.750

Where is Mr. Miyagi???

Need a “We are never ......”

I have lost count, stimulus is now what 5 or 7T?

SPY BUYING > 246.03 SPY 13 % above lows People more bearish than ever Snow White Syndrome Heck - just have to say I truly appreciate your optimism. Personal experience which includes the 70’s, 1987, 2006 - I was a bear for the past eight years plus. Trading both long and short yes, but overall 90% ...

How will the company’s who did buybacks reflect losses on the PnL and Bal Sheets?
Purchase was credit to cash acct, debit to ??? And then what on PnL?
Or does it even matter??

Appreciate the help... Thxs.