Cobra's Market View

I am betting on a further drop of SLV, with a target at 32.

Same chart magnified:
http://images.investorshub.advfn.com/im ... SLVgif.GIF

Thanx Cobra! I'll try to follow your Impulse System today. But all my shorts are actually indices puts and VIX calls. Thus, the unloading will be dependent on the early moves of the VIX. Being fast and cool will be very important, to get the best deal. The sold to open AAPL 350 weekly calls will clo...

LOL 99er!

A strange Kabuki Drama is now enacted by Moody, the Congress and the White House.
The Market dances accordingly!

Thanks Cletus!

Cletus: Yes, I do trade PALL! It moves very nicely...usually ahead of the main commodities herd. Your observation is correct: it is "indepoendent".
Unfortunately PALL does not have options!

Cletus: I am interested in palladium and actively trade it.
Got any views on it?

Cletus: nice and bold move! I sold my QQQ puts, which I accumulated starting 2 days ago!

Those who don't follow Da Cobra shall be graced with the wrath of his venom! The antidote is veryyyyyy veryyy (insert very x ....) hard to find! The only antidote to Cobra's venom is QE3 to the power of infinity. :mrgreen: if indeed qe3 and the market responds positively, my blog as well my forums ...

Started accumulation of $VIX July 25 calls.
VIX performed a significant cross-over and has the early + signals of MacdBB and Emp. Mode:

99er: thanks!

On a weekly chart I see a bearish trend taking shape. However, the moving support of the QE2 era still works (MAW34, blue).

On the SPX daily chart, I am looking at the MM and Sq of 9 levels. According to those levels, if it drops through 1297, we have a serious support only in the 1250 - 1260 zone.

There is still hope for a higher AAPL:

It looks like we shall go lower on close...

After this latest drop, next support for SPY is the 131.6 area.

hopefully this is the 2nd leg up also as Double Bottom, therefore target as highlighted. For a very long long time we haven't seen such a weak market like today. very surprising. Don't people say now the QE3 is sure thing and therefore the rebound we saw for the past 4 days? :roll: On this 30 min. ...

Cletus: I am an admirer of your trading skills. I also noticed your “nerves of steel”.
Many thanks for posting here. Keep on doing this great job!

AAPL bounced at 347, followed by QQQ. But the “noon balloon” is not a good predictor of moves on close…

Finally...QQQ dropped under support.