Cobra's Market View

aapl not the same without Steve. Reading Steve's book, very interesting, quite a character.

buy on rumor, sell on news...Qs are lagging and apple is about to fill the gap...what a ride.

if we have a doji today. will jump the gun and short.

Hi Cobra,

What is your target for this up move?

Thanks,

Lumeipro

Added short. target gap fill or lower.

still have lower high and lower low from yesterday. will be out of shorts if yesterday's high is taken out.

What time is Ben's speech tomorrow?

we still have higher high and high low. so until yesterday's low is broken, bulls are just doing fine...Bears are trying hard though...

Buffett and gov't are working to hold the markets at the current level. They know once 1100 fails to hold, all hell goes loose.

friend @ AAPL is taking a day off. He was sad about the news. AAPL folks are working very very hard. they are there working till midnight and weekends. Perhaps Jobs news would make them reflect on their work and life issues. but there are way too many people who want to work for them...

No More Bears!

S&P is being investigated by FBI - wow. I thought such thing would only done by the Chinese government. I guess Obama is going to spank the naughty child.

Cobra, is the C word for real this time?

We still have lower highs and lower lows on SPY every single day. Until that changes. Hard to trade a dead cat bounce...that's it for me this week. All cash, ready to roll next week.

We are back to the 2008 timeframe where technical analysis doesn't matter any more. buying and selling are purely emotional. options play may be the best. stay conservative.

out of SPY CALL. taking some loss. maybe another 100 point drop on $SPX. not risking it. That's is for today. Good trading.

I listened to the business radio a few days ago, and ALL programs are saying 1. the debt ceiling deal is going through regardless, and 2. when it does, the markets are gonna shoot up to the moon. Phil G. Said put a advanced buy of iwm at 80.80 (sure it hit Monday). Well, they got #1 right, but #2 i...

I listened to the business radio a few days ago, and ALL programs are saying 1. the debt ceiling deal is going through regardless, and 2. when it does, the markets are gonna shoot up to the moon. Phil G. Said put a advanced buy of iwm at 80.80 (sure it hit Monday). Well, they got #1 right, but #2 is...

1265 needs to hold. Next stop, 1255. bought SPY CALL, target 1300 +- 10 points. Just for a counter trend trade. will be out if it dips below 1255.

Bought SPY CALL.