Cobra's Market View

folks, the market is going up. we're not likely to get any catalysts for at least a week or two. the only trade right now is up - there is no way the pitiful volume of real people trading is going to offset the algo march. and they follow the lines, and the lines are up until broken hard. stops wil...

looks like a little double top? bears not really rolling over yet.

Volume spike. Short it

BullBear52x wrote:buy the dip is the game. next dip will tell if the market want to move on.

agree. next dip will tell us a lot.

Long term chart. Psychological resi at 1400 coupled with some trendlines/old channels. Could see a dippy/reversal here.

EvilTrader wrote:Fade ! Fade ! Fade !

need prayer. no resi up where we plan to open. pray for a restest of some resi to get long.

Petsamo wrote:

stucap wrote:Ha. Reaction to the "employment situation" was such a joke. No swings back and forth while we figure it out....just straight up....like they knew.

Employment situation still sucks big

uh duh

Ha. Reaction to the "employment situation" was such a joke. No swings back and forth while we figure it out....just straight up....like they knew.

What's the deal with the VIX? Why is it red?

Al_Dente wrote:

stucap wrote:Right about now is a good time for a big red stick or at least a volume spike. Honey badger loving some Spoos right now. Constant bid pushing, pushing. pushing.

stu what r spoos? spy/spy proxies?? thx

S&P e-mini futures aka "ES" aka "SPOOS"

Right about now is a good time for a big red stick or at least a volume spike. Honey badger loving some Spoos right now. Constant bid pushing, pushing. pushing.

Houston, we have a problem with rocket boosters......................they seem to have fallen off of completely...................please reattach pronto.

johnnywa wrote:Did Cobra fall asleep at the wheel

cobra, what say you?

I see a triangle. Bias down? I'm shorting but covering my rear with a tight stop. PPT could be playing here.

Hey bulls, where's the juice?

Al_Dente wrote:

BullBear52x wrote:ES here, buy the dip spot.

1.JPG

SPY here intraday

2.JPG

big fat neg diverg right there on yr ES

yeah we're going down -- new LOD soon. not a significant top here. this is all just likely some consolidation but still, a little more weakness today.

Looks like a sell. Bots need QE talk for fuel and no talk today = no fuel.

rnmarple@cox.net wrote:I went short late yesterday and really got burned--and I feel myself getting sucked in again.

might be too late to dip your feet in here. already quite a bit off the high. i don't know the odds but the chances we close much more of the gap are probably slim?

Cobra wrote:OK, I'm back. pullback to EMA20, let's wait if any rebound here.

welcome back cobra.

Mr. T wrote:That was short lived.

Bulls are running........ away.

Gap filled. Let's see what we do now. Some big guys invested a bunch of cash to jam this up overnight. Likely some took profits at/before open. Let's see if the day traders are risk on or risk off.