Cobra's Market View

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Maybe bias is up?

The members only update starts here: http://www.cobrasmarketview.com/2020/01 ... ay-update/

ES daily. A pause at the top. Well above the EMA 20.

BA Target - 25 %
From 326.6 to 245.52
- 2.62 % Dividend

BA Debt to Equity = 11,795 %

So they are going to add another $10 B debt ?

$BDI Target - 18 % from 689 to 567.54 = DOWN

Chicago Fed's National Activity Index Down Ten Months= DOWN

CoronaVirus = DOWN

Grand Solar Minimum = DOWN

$TRIN Target + 2590 %
From 0.918 to 24.69

US Manufacturing at 11-year low = DOWN

Vehicles sold lowest since 2017 = DOWN

C/P Long Opening Undervalued Index PUTS Three Times Calls = MAJOR DOWN

Two/Three C/P Option Sentiment Indicators = DOWN DOWN

Falling Extreme Greed 81 = DOWN

$SPX Selling Below 3,335.07 = DOWN edited 3,337.77

ES five minutes. Moving down in the last 90 minutes. In a base overnight. That will change, of course.

ES, NQ, YM and RTY gap up overnight.

Honey hole selling here.

need to get back in here or bears are dead again.

ES 3336 was first expected target this morning (FuturesTrader71 morning call) with potential to get to 40, BUT expecting a flat day by the close.

Bearish reversal mission. will it?

So far the line is holding

Thick or thin, 5 handles first always

Chopping around. Who do you think is right Chuck Prince and the Davos crowd or Corona virus turning into the new Spanish Influenza?

ES 5. It seems the market is unsure of where it wants to go. Try a little bit up. Nope. Try a little bit down. Down looks like the ticket to me. Back later ...

Keep it simple.

Trades with cats wrote:Chopping around. Who do you think is right Chuck Prince and the Davos crowd or Corona virus turning into the new Spanish Influenza?

Maybe a serving of Corona at Davos would be helpful. I mean, if they are embracing wholesale disruption as a great thing

RTY 3 min. Pushing down for now.

Breakout to the new high with a good looking bull bar in the next couple of bars then it's an uptrend day.

Fun thing about Chuck Prince and Davos crowd declaring business cycle over is this is not the first time and is right up there with that stupid Barron's cover. Another tell about the top is close being discussed today is Warren Buffet badly under performed the markets last year. He does under perform at the last stages of valuation bubbles.

No idea why famous people feel the need to make really stupid statements about the end of cycles as it is a guarantee that your hubris will be dealt with by the gods of finance in there own good time. Just ask Gordon Brown.