Cobra's Market View

TBT (short 20-yr bond) just rolled over again, after a miraculous recovery beginning at 11.50a ET...is bond market leading edge...signalling lower?

There must be some news here 2:58 PM The EU/IMF discovers a €5.5B "black hole" in Greece's €28B austerity package, sending Greek politicians back to the drawing board as they face a deadline of the end of next week to pass acceptable reforms through the legislature. The euro is making a s...

gigeze787 wrote:

endangered510 wrote:...I'm long EUO (short euro)...the PTB goosed the euor after Europe closed, but reversal began at ~1.35p ET...Anyone have any ideas on a short-term euro target?

Looks like we just got the answer.

endangered510 wrote:Market is mirroring tick by tick the EUR/USD

http://www.fxstreet.com/rates-charts/live-charts/

I'm long EUO (short euro)...the PTB goosed the euor after Europe closed, but reversal began at ~1.35p ET...

Anyone have any ideas on a short-term euro target?

stockcycle wrote:CLETUS,
Don't leave! I am highly evaluate your post. Your calls on market cycle are original and wonderful.
Thank you.

AGREE!

[quote="cletus"]Headlines:
*Today will be my last posts on Cobra's market forum. I will post any exits on the remaining trades. Mainly, this forum is more for charts than live trades..."

Cletus - are you going to a different board...?

EUO (short euro) had an initial pop....then almost stopped trading, despite higher than normal vol today. Could this be a set-up to take out euro shorts?

SigmaEcho wrote:

Cobra wrote:wow, what happened?

Moody’s looking to downgrade Italy. just announced.

Just joined after two years of lurking. Will contribute via paypal.

Doesn't look like 1530ET SPY surge is confirmed by euro trade, but i'm not a technician.