Cobra's Market View

people busy remembering 12 years.

best wishes to ya'll.

odd lack of vol participation today.

symmetrical triangles in VXX and XIV suggesting a down market in the next few hours/tomorrow.

gap resistance in SPY and IWM hourly.

DIA and DJI doing better, but 50 hour MA just above.

meat grinder. theta killer for option traders.

Junior Buffett wrote:

fehro wrote:VIX 30m .. seems to have a little H&S

VIX is holding very strong even with solid green market, is that telling anything?

Yes. I've been watching this with interest as well. I'm holding both VXX and XIV currently.

MrMiyagi wrote:

jarbo456 wrote:Late notice, but CHK broke out on Friday morning. Has been a great swing trade since the break above 22.50-23 price.

Did they get rid of the thief CEO yet?

a long time ago.

Late notice, but CHK broke out on Friday morning. Has been a great swing trade since the break above 22.50-23 price.

OT TraderGirl: Was down in Mt. View last night. What an oasis, no way to tell ANYTHING is wrong in the world or economy. Everyone between 25 and 35, restaurants packed. Not a care in the world, Party-on...... Absolutely amazing!! There is a lot of money here in the bay area...2 bedroom 2 bath house...

This is only for the long term: Two long term ratios I follow are SPX/Gold and USB/SPX. Both ratios suggest that the equity markets might not see new highs in the next few weeks - or even worse. If the USB/SPX ratio rises all the way back to 0.95 and breaks the grey line the bull is dead. But at th...

missed my entry in GLD by 5 cents yesterday. how disappointing.

PG is starting to look ripe for a breakout.

TraderGirl wrote:VIX....we could get something similar again...

VXX hourly still in a descending triangle. no hourly close above the hypotenuse of the triangle.

jarbo456 wrote:descending triangle on the hourly VXX suggests a ramp into the close today, or else tomorrow.

looks like tomorrow.

descending triangle on the hourly VXX suggests a ramp into the close today, or else tomorrow.

uempel wrote:

TraderGirl wrote:Time cycle on Dow could be in effect...time cycle on the hourly bar 11am EST...

I've got a time signal for 10:58 a.m

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glad to see you back man.

rollover VIX still causing pricing drop?

L_T wrote:Where has UEMPEL been?

seriously. -_-

nice breakout on CHK. reinforced by good earnings i guess. Saw that. I've owned it for a few years with a cost basis at 24.xx so I'm just getting back to even. It was meant as a long-term play on increased net gas prices and usage. Maybe that's finally coming to pass? Either way I'm holding now tha...

nice breakout on CHK. reinforced by good earnings i guess.

AAPL just tested the 2 month high and is being rejected. See if it consolidates here.

CHK breakout is looking good.