Cobra's Market View

Petsamo wrote:1.65 million last sell on SPY
2 min before the close, there was a 1 million sell on IWM

if it did not move SPY/IWM much, then it means sellers were meek.

SPY 133.5 - 134.7 is a perfect area for short to setup positions.

BULL TRAP I can smell it also. look at EEM normally it will rally right along. Baron: TRIN 1.35 Note how it did not drop below 1 during this “rally” It drives me nuts http://stockcharts.com/h-sc/ui?s=$TRIN&p=1&yr=0&mn=0&dy=10&id=p93748545150&listNum=15&a=249247714 what r...

tdo722 wrote:Well, we all know today's high is not going to be the top, cobra's wisdom. buying here is a safe bet as well but might not be the best price.

I don't think Cobra is buying here. He may buy at tomorrow's close if I read his style correctly.

Nomorework wrote:

BullBear52x wrote:I see selling pressure is too great right now for Bulls to hang up here today HOD double top is a sell for the hard core bears WDIK?

Volume is wafer thin, to be expected this week but just gas holding us at HOD

never short the dull market.

BullBear52x wrote:I see selling pressure is too great right now for Bulls to hang up here today HOD double top is a sell for the hard core bears WDIK?

internals have not changed much since openning. Not much bearish sign to see. In Santa We Trust.

Me XMan wrote:I would say 1225

fehro wrote:pullback to 1230? or 1225 Blue channel retest?

If test SPX 1225, it would not be a dip any more. Loss of momentum is way too big for bulls.

Just FYI, Japanese Pension Fund entered market yesterday and did a crazy shopping in Nikkei. I highly suspect they have some insider information either from the EU side or from the USA side, so that they act pre-ante. At last, US will only leak insider information to its aliens. This may be the tru...

Just FYI, Japanese Pension Fund entered market yesterday and did a crazy shopping in Nikkei. I highly suspect they have some insider information either from the EU side or from the USA side, so that they act pre-ante. At last, US will only leak insider information to its aliens. This may be the tru...

Just FYI, Japanese Pension Fund entered market yesterday and did a crazy shopping in Nikkei. I highly suspect they have some insider information either from the EU side or from the USA side, so that they act pre-ante. At last, US will only leak insider information to its aliens. This may be the tru...

SigmaEcho wrote:

Cobra wrote:so far so good, like I said, I don't expect this breakout to fail. a little fibo info here.

so do we have MAD (so far) after MDD? next MDD?
can you pls. post view/ evil plan before Europe close.
thanks!

yesterday was not a MDD...

Me XMan wrote:Correct. /ES

jarbo456 wrote:

Me XMan wrote:SPX hitting 1231 resistance ?

SPX? or you mean /ES?

1250 ES resistance

Me XMan wrote:SPX hitting 1231 resistance ?

SPX1230 is support now

max pain of SPY 123 equals to ES 1223.50

Petsamo wrote:The best time for the bears to attack is now. Europe is closed.

no need to attack. Today's low already lower than Friday.

keesa wrote:ESH2 1238-1240 (yesterday's ESZ1 1244-1246) resistance test once again

1st try failed. Sell sell sell

ESH2 1238-1240 (yesterday's ESZ1 1244-1246) resistance test once again

Cobra wrote:I'm out today's short but I really don't believe we'd see the same drama again today.

ES 1244-1246 is supposed to be good resistance or just paper wall?

KENA wrote:Xlf held and is now 1303 this is bullish and indicates moves north for a bit.Lets see.

natural numbers are always magnets to XLF. not necessarily bullish at the moment.

I'm out of my short as well. Could have made more but at least I see my mistake. Profit is Profit! Carlos, when I took my emphasis off my P/L and put it on discipline...to trade my plan, the P/L took care of itself. Things I know for sure: 1) never regret taking a profit or say, "I should have...