Cobra's Market View

$VIX SELLING Below 84.83

Cobra wrote:... after European market closed. After that another key is after 12 noon ...

Europe markets now close at 12:30 EDT until Europe also switches to daylight time, correct?

aggressive sectors %

ES 5. Strong move up, all the way to the earlier trendline. Are we all hunkered down in our bunkers?

CNBC reported yesterday that buybacks are resuming
Today they just reported that insiders are starting to buy
I DON’T SEE THAT ON MY “LEADERS” CHARTS yet ……. hmmm....
60min

The rebound may have legs. Resistance ahead.

PEOPLE PEOPLE: Bailouts just encourage bad behavior.
We’ve learned nothing, except that the government (the taxpayers) will bail out our corporations, no questions asked.
If since 2013, your buybacks totaled $100 billion, now you’ve been downgraded to BBB (next one down is junk), and now you are asking us for a bailout.

zh suggests that instead of a bailout, management and the board should be ordered to sell as much stock as they need - you know, the opposite of buying it back - to maintain the business, even it means sending your stock price crashing far lower.

Breaking news:
FB will give all employees $1,000 each

Follow COBRA in one easy click!

potus and Pence and task force press conference NOW

Hi everyone,
Fro several years I have been in perpetual crash alert mode - so I only trade the short side, as I believe the brokers won't honour stop-losses. So since I only trade short when my model says it will an up day - as it did fro today I don't trade, so I have a moment to post.

If I use the 2352.25 as the LOD (ES June)
then somewhere in the 2533 area is the est HOD.
I've settled on 2532.75 - though of course with the wild swings that's a bit of roughish target.

We pass 2500 we will close strong today.

This s an 8 min chart:

BA Target - 100 %
From 134.96 to 0
- 7.24% Dividend

11,795.20 % Debt/Equity

Too big to fail ?

Looking up

Heck wrote:BA Target - 100 %
From 134.96 to 0
- 7.24% Dividend
11,795.20 % Debt/Equity
Too big to fail ?

Debt used to buyback $100 billion of their own stock, since 2013

This is a 30 minute chart

ES 5. Pushing above the pivot.

The pullback probably will be bought again. So far it's an uptrend day although according to my own trading standard it's a range day to me.