Cobra's Market View

As we roll around becalmed by CB liquidity in a range here is some insite on Spec's from John Kemp. In commodities world specs are considered the dumb money. However OPEC is (according to Platts) at 92% compliance for now but all agree April is going to be crunch time. Also the continuing argument is that their goal is .5 to 1.5 million barrels a day short of what it will take as US Shale producers have already raised over 6 billion from Wall Street for new wells. Incidentally many of the hedge funds are doing calendar spreads where they have gone long this summer and sold next winter. That really reduces the exchange required collateral posting because the bet is no longer on a price, just the difference.

Much needed boost to zoom past new high!

https://ca.investing.com/news/economy-n ... ghi-112790

New LOD will take out the short term bullish chart. we gonna get it today. I am more than 50% sure.

I see triangle but unfortunately it doesn't tell direction.

cobra how did I turn on the updates on my iphone . I used to have it .

grachu wrote:cobra how did I turn on the updates on my iphone . I used to have it .

Are you asking about updates via Twitter?

Politics a huge factor in what's going to happen here.

Here we go, smalls new daily low and the ES is getting close.

An Observation- ES should be selling off but all my red candles have tails. Smalls the tick chart is all red bars but they are very small so a big player could easily reverse this move the way the up moves were reversed earlier today.

Smallies getting a little haircut ....so far today. I am now sitting out play. Ump....love the closeup look at time signals; easy for my old eyes to see! Glta!

Pos D. will see if the low is in or not.

selling is not done yet.Hmmm

/es overnight low not holding, this is something.

There is a great big hourly bar from Friday pre-market, the assumed algo ramp at the jobs report release, that has not been retraced yet. Getting through that would put us at Thursdays high. Looks like an obvious target to me, but don't know if we get there today or tomorrow.

Looking for a pullback to fill the gap and push down to around 100.....

Friday low and 60 min ema20, so some support here. the pullback may have legs though.

IWM gap and go on Friday.

Price, ca 135.50, is currently testing that Friday AM session low.

Clockworks

So this is what is going on, No carry trade for you !