Cobra's Market View

flrtrader wrote:Will this take place today during market hours? I doubt it passes but could be a big MM

Anyone have info?

Thanks

Also

Boehner to hold press briefing at 1:15 pm

House Vote expected 7-8 PM EST
More down after 1.15????

House Leader Boehner speaks at 11 am est
http://www.reuters.com/article/2012/12/ ... A420121207
The last time he spoke SPX dropped quickly.
It *might* be shown here http://www.ustream.tv/speakerboehner (it was last time anyway).

Interesting, Europe popped with the jobs report along with US markets. However they are trading broadly flat for the day.

Al_Dente wrote:is anyone else down on freestockcharts ?

you are not alone...................

Al_Dente wrote:WTF?
is there news?

http://www.ustream.tv/speakerboehner

MrMiyagi wrote:Here we go again..

Did you push the wrong one?

OK. FYI. Very little of what I post deals with intra-day. :( Let me know if I am wasting electrons, and I will gladly spare you from my posting. :) I try to work multi-week trades with horizons somewhere between Cobra Impulse and Cobra Non-stop. Market Neutral. I have a signal to long today based o...

Me XMan wrote:
Smiling all the way to the bank

Is there a liquor store on the way?

I have been looking at alternative ETFs for various reasons. I found that RSP (equal weight S&P) has a very interesting pattern over a longer term. There may be a significant message in this for all. I found the chart insightful and suggests the top is in (may get revisited, however). But whethe...

Large volume this far in both SPY and IWM. What is the prognosis?

Al_Dente wrote:anyone else having problems with freestockcharts.com ?

Seems OK to me...............
Dr Al, any prognosis on bear / bull for today?

Seems like some rotation going on. XLU (Utilities ETF) is up 0.56% while SPY down 0.87%. Does this suggest that equity money is rotating, not leaving equities? Any one with thoughts here? agree Sector rotation (“borrowed” from Murphy) Out of offensives, into defensives (if u could cram xlu and tlt ...

Seems like some rotation going on. XLU (Utilities ETF) is up 0.56% while SPY down 0.87%.
Does this suggest that equity money is rotating, not leaving equities? Any one with thoughts here?

uempel wrote:Update:

8.png

Thanks Uempel. Move time was spot on. And I even got the direction right!! Thanks

Me XMan wrote:I feel so giddy today
Gonna have to cool my temptation

What?? No beer in the fridge?

This might be of interest. The last 20 min or so, the VXX has been up strong where SPY has stagnated. Perhaps a "tell" of things coming?

TVIX IV catching up TVIX : http://finance.yahoo.com/q?s=%5ETVIX-IV 11% So, when does TVIX get to fair value?? It will get to fair value when they start re-issuing new shares and stop being a closed fund. Guess which way TVIX will go? IMHO it will quickly match TVIX-IV. We are likely seeing the begi...

Interesting potential short set-up on IWM (R2K). Hitting its 2 month resistance line now for 4th or 5th time in 6 weeks. Risk / reward for a short (via TZA) not bad. I am not good at picking turns / tops, so if anyone has some signals that says that the turn in R2K is imminent, please post your thou...

BullBear52x wrote:someone need to run outside to buy IPAD 3, this chart I posted last night, no trade just to see if IPAD 3 can sustain this market.

Double Top. Did you sell?

Al-Dente, can u post the image of the charts? I am not a paid member of Stockcharts.com, So all the links u posted do not work for me. Thnanks a million! Internals ...(Thank you to RocketMan88, Taggard, and EvilTrader for their NYMO intraday input last month). Tweak yr cookies or something U should...