Cobra's Market View

My GDX is staying buoyant. Go figure.

The case for a gap up tomorrow is my spreadsheet. The case for a gap down is overseas markets will duplicate our red candlestick. Yea, I said Monday we'll gap down today. But I keep saying if my spreadsheet predicts a gap down, and we gap up, there's still a chance we go red, as if we gapped down. ...

The case for a gap up tomorrow is my spreadsheet. The case for a gap down is overseas markets will duplicate our red candlestick. Yea, I said Monday we'll gap down today. But I keep saying if my spreadsheet predicts a gap down, and we gap up, there's still a chance we go red, as if we gapped down. T...

StudentBill wrote:

MrMiyagi wrote:Is anyone else still full from last night's dinner?
I can't even think of eating.

Rookie.

He doesn't have the gut that you have.

Maybe this sell off is attributable to lousy Christmas sales, the weakest since 2008.

I wonder if sales of gift cards are counted as sales

long QQQ 64.85, 100 shares

I just noticed that QQQ has been taking a beating the past 4 months, relative to IWM, maybe due to AAPL. So if anyone wants to go long on something, QQQ is probably better than IWM. QQQ is a diversified version of AAPL (that's a joke).

Crazy Japanese
They were closed on Christmas Eve, but they were open on Christmas Day.
Japan & India were the only markets open overnight, and they rallied.

My spreadsheet's predicting a gap down for Wednesday. Maybe this is the time to buy for the start of the official Santa Claus rally on Wednesday. Do you have any accuracy stats for your spreadsheet out of curiosity? Lousy, you're better off betting against it. My spreadsheet assumes gap ups are ral...

I wanted to rebuy XME but it didn't want to drop. It ran up rather strongly in the last 10 minutes.
GDX is green, considering the ex-dividend price adjustment.

My spreadsheet's predicting a gap down for Wednesday.
Maybe this is the time to buy for the start of the official Santa Claus rally on Wednesday.

cheese wrote:Is there after hour trading today?

After-hours will close at 5pm EST.

If any doom & gloomer wants to short anything, the best candidate I can see is the airlines (FAA) . Three years ago, no one wanted the airlines, especially Jim Kramer. FAA is very overbought relative to USO, which is very underbought relative to SPY. I'm not recommending you short FAA, but if yo...

Q&A: XHB Home builders. Q & A? How about "I hope you are right!" as I own XHB in my retirement account. Look at a weekly chart as it looks like it wants to make new multi-year highs. XHB looks like it has a flag. I see a flag as just a holding pattern, as it decides what it wants ...

Royal Flush wrote:Merry Christmas everyone. My polynomial regression channel indicates we are bottoming here.

xrizgES_03-13_(60_Min)__12_24_2012.jpg

Do you get the same inference if you did your same channel for the SPY ?

Q&A: XHB Home builders. Q & A? How about "I hope you are right!" as I own XHB in my retirement account. Look at a weekly chart as it looks like it wants to make new multi-year highs. XHB looks like it has a flag. I see a flag as just a holding pattern, as it decides what it wants ...

IWM doesn't wanna drop, not yet anyway

The official Santa Claus rally occurs between Christmas & New Years. Maybe this dip is a buy. I'm thinking red candlestick today.

Oh crap, GDX's price adjusted down 46 cents, probably due to ex-dividend. It'll likely do a red candlestick.

The Nikkei & DAX were closed last night.
Markets that were open did red candlesticks

In case anyone wants to add PHK to their holdings, now is probably a good time. Dividend yield is 14.0% http://img687.imageshack.us/img687/7673/phkspyll20.jpg Disclaimer: jarbo456 labelled me as the PHK pump & dumper leave me out of your asinine posts. i don't want to have to ask you again. a r...