Cobra's Market View

JFR wrote:

Petsamo wrote:FISCAL CLIFF DEAL: $1 IN SPENDING CUTS FOR EVERY $41 IN TAX INCREASES
Xian should be very happy.

I don't think you should comment on XIAN who is not here. It is inappropriate.

I didn't slam him. His side won. Your opinion is noted.

FISCAL CLIFF DEAL: $1 IN SPENDING CUTS FOR EVERY $41 IN TAX INCREASES
Xian should be very happy.

Attached is an MS Excel 2000 version of MSN Money's Top Performing ETFs through 12/31/12. 1424 ETFs, crazy.

2.37 million last buy on SPY

MrMiyagi wrote:Gold miners (HUI GDX) are over the BBand, they may reverse next session.

I said I was gonna buy back into GDX if it fell under 45. I didn't buy back in. So, GDX rallied.

MrMiyagi wrote:Don;t tell me there is going to be a selloff to the close?

If we close too high, overseas markets might sell this, and we gap down Wednesday.

ClarkW wrote:Anyone else feeling this late day hope on a deal is setting up for a gapper down Wednesday?

The best chance of a gap down is a finish at the highs

Assuming we don't withdraw significantly, anyone gonna place bets on a gap up ? I sold my XME too early, but I replaced it with the more depressed AGNC & ARR. TRIN and NYADV a little hot, may start next session with a bit of a sell and then continue up? tr.png : ny.png I hope the pullback occur...

Assuming we don't withdraw significantly, anyone gonna place bets on a gap up ?
I sold my XME too early, but I replaced it with the more depressed AGNC & ARR.

I can't believe we're rallying on a no deal yet, as if a deal is imminent.

News that is not in the news is Tim Geitner wants a debt ceiling increase. The tax increases aren't enough.

POTUS is speaking and he's pre-empting my radio show.

KENA wrote:Fast trade go with IBM on a pop..It could also be a swing trade long.

A lot of things are bouncing or due for a bounce, XME, XOP, QQQ, IWM, SPY, etc.
AGNC is forming a hammer.

A red candlestick is a long way down

I'm listening to the radio, and they're saying Obama will speak at 1:30 pm on the fiscal cliff. They're probably gonna pre-empt the radio program I'm listening to.

ARR has a descending wedge. Since ARR is oversold relative to SPY, I'm thinking it'll rise, so I added to my ARR exposure. ARR has an 18.6% dividend yield, using trailing dividends, and dividends are declining.

I'm thinking they'll come up with some compromise on the fiscal cliff, but I continue to believe any compromise is bad for US. The big question is will the markets like it. Since we're oversold, I'm thinking we end with a white candlestick.

Is that a megaphone on the 1-min ?

JFR wrote:

Petsamo wrote:

JFR wrote:That was a pretty wild close on Friday.

Yea, one guy saw blood in the streets

Show a chart. Rather than make a nothing comment.

I'm paraphrasing someone's comments, 4th post from the bottom of this page. I don't need to show a chart.

JFR wrote:That was a pretty wild close on Friday.

Yea, one guy saw blood in the streets

jademann wrote:you would think that with computers that they would be open 24 / 7 / 365 !

I like having 17.5 hours break between trading sessions. If you want more hours for trading, there's futures trading.

Darn, the stock market has regular hours today ?