Cobra's Market View

SPY showing possible cup & handle or IHS pattern on 5 minute chart.

Cobra wrote:guys, please vote for me. I lost today's trade on the upside in the morning, didn't get it back yet, so once again I need some bailout package. http://stockcharts.com/public/1684859

I vote for you every day. Wish I could vote for you more often.

Cobra wrote:break down and come back, might be back test the broken channel, not sure, I'm neutral now, at least it had the break down proving the chart pattern does work most of the time.

The pattern did work for SPY, but not the same for RSP. Does this favor slightly the bulls?

Cobra does the RSP look a bit heavy in comparison to SPY?

SKEW/VIX from ZeroHedge http://www.zerohedge.com/news/options-s ... y-coalmine

By Tiernan Ray Google (GOOG) this afternoon reported Q4 revenue and profit below analysts’ estimates. Revenue in the three months ended in December rose to $8.13 billion, yielding EPS of $9.50. Analysts had been $8.43 billion and $10.51 per share in profit. Google shares are down $54.53, almost 9%, ...

$NYLOW now 64. Who is in control? Good luck to all who are jumping aboard the bullship prior to blastoff. Here is Major Tom to help you settle in.

http://www.youtube.com/watch?v=jL3LB650plw

For those who like to swing it just doesn't get any better than $VIX daily touch on the lower BB and $SPX likely to touch the upper BB soon. Benny Goodman, Artie Shaw, Glen Miller and the Duke ain't bad either. JOEY That’s cheating. If u reference the greats u have to post link to a great tune….. P...

For those who like to swing it just doesn't get any better than $VIX daily touch on the lower BB and $SPX likely to touch the upper BB soon. Benny Goodman, Artie Shaw, Glen Miller and the Duke ain't bad either.

PAGING JOEYNICKELS Here’s messy chart with Cabot chatter on new lows…. they go on and on….just brief excerpt so I don’t forget main concept. Also notes from other “smart cookies” below that. Best to steal this chart, expand timeframe and see what/how it performs over longer term good luck 2 u http:...

Dr. Al, I believe, has some special friends that pay attention when $NYLOW gets above 40 and it was above 50 yesterday and again today which might be signal that a pullback will be forthcoming.

OK, I said, see you at the green line, right. Sometimes I don't bother to comment a lot because the price is on the way to the target, there's really not much to say. Now it's key time, I don't know if bulls would defend here or somewhere else, the only think I can say is the bias is down because s...

First, THEY started a rumor according to which the US will pump money in the IMF, who would just give it to the “Eurozone” …Denied 20 min later by the IMF… Then … there was a rumor the PRC would give money to the IMF, for the same purpose…Denied by the People’s Central Bank of China! Next…the Marti...

tdo722 wrote:What's the best ETF to short crude oil? I want to short this thing. It is doing a 3-pushup and almost complete with negative D at the top.

SCO

some trendlines.. I lean towards 1190 maybe a sharp move this afternoon, gap down on Monday?, but next week, short trading week, general bullish prior to holiday weekends, fewer pros trading, more retail,1240-50 on the 1/2 trading day next Friday, would not suprise me. Agree... I think the bottom o...

Cobra wrote:anyone had problem connecting our site last night?

Unable to connect last night... no problem this morning.

pady wrote:what is a gold inverse etf ? Dont want any ultrashort etf. I cannot short GLD in my IRA.

DGZ

BullBear52x wrote:Bulls or Bears, you tell me.

Squirrel or chipmunk....

BullBear52x wrote:Man this is boring, here my update.

Near perfect head and shoulders pattern

Thanks for all of your excellent work Cobra.