Cobra's Market View

Does anyone remember the last time ES and SPX were this close together? Been a few days now

I like these odds

Is anyone else seeing this clean break on the DOW at 16500 for a nice inverted HS target 7% higher. That is of course assuming we can stay above 16500 which seems likely at this point. In UDOW at 111.50, stop on a close below 16500

VXX is looking VERY good here, sorry no chart posting abilities but I only post when I see something beautiful!

TraderGirl wrote:

CMT wrote:Does anyone know how to look at live ES on TD ameritrade?

Are you asking for the symbol or how to get charts?

The charts, I can't pull them up. Thanks TG

Does anyone know how to look at live ES on TD ameritrade?

TraderGirl wrote:Anyone watching treasuries?

All day, I can't see them going any higher than right here, but my stop loss is close so no harm done it does

TLT can not pop that falling wedge! Trying for the past three days, but bouncing perfectly off each day. I know these breakout 68% to the upside but I'm gambling for a 115 print, lower wedge on this one. Stop is an easy 125.00

Does anyone have any thoughts on SLV? Was going to short at 31.00 (didn't) with a 31.55 cover but now it is over the weekly trendline that started back in April of 2011. This is either the perfect shorting spot or a JPM covering rally, ha.

$VIX just blasted through a nice support bar of 16.50 since the beginning of August. I like it!

US trash forecasting GDP... Interesting article, actually makes sense and a bit scary. http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/08/20/can-garbage-tell-us-how-well-the-u-s-economy-is-doing/?fb_action_ids=10151041217093795&fb_action_types=og.recommends&fb_source=aggregation&f...

the open. Falling wedge = short term bullish reversal in the works with accompanying oversold RSI... SPY 60min went from 75 rsi to 38 in one day...lovely (rsi 14 settings) Consolidated for the whole morning.... zzzzzz Low balling the August 25 SPY 141 calls @ 0.60 for a quick 20-40% gain, need the ...

the open. Falling wedge = short term bullish reversal in the works with accompanying oversold RSI... SPY 60min went from 75 rsi to 38 in one day...lovely (rsi 14 settings) Consolidated for the whole morning.... zzzzzz Low balling the August 25 SPY 141 calls @ 0.60 for a quick 20-40% gain, need the ...

*FOMC PARTICIPANTS SAW ECONOMY DECELERATING AFTER JUNE MEETING *FOMC PARTICIPANTS DISCUSSED QE, EXTENDING 2014 FORECAST ON RATE *FED STAFF SAID MARKETS HAVE LARGE CAPACITY TO HANDLE MORE QE *MANY FOMC PARTICIPANTS SAW NEW QE AS BOLSTERING U.S. RECOVERY *MANY ON FOMC FAVORED EASING SOON IF NO SUSTAIN...

Cobra - not to give away your report last night but does the comment we all are wondering about with a green day today still hold true? You mean the statistics about up big not Major Accumulation Day? The recent trend is, it may up more than 2 days but what happened thereafter still possible. You c...

Cobra - not to give away your report last night but does the comment we all are wondering about with a green day today still hold true?

A FEW FOMC MEMBERS SAID MORE STIMULUS WOULD PROBABLY BE NEEDED SEVERAL ON FOMC SAID FED SHOULD STUDY `NEW TOOLS' FOR EASING - C5 Galaxy FOMC PARTICIPANTS SAW MODERATE GROWTH LIKELY IN COMING QUARTERS FOMC AGREED `IT WAS PREPARED' FOR FURTHER ACTION AS APPROPRIATE FOMC SAW `UNUSUALLY HIGH' UNCERTAINT...

SWalsh wrote:But let's not rule out this as this could be an ugly opening indeed:

Are you referring to our long lost Minor 3?

Cobra wrote:this is the max pullback I can tolerate and still read the chart bullish. but please no more pullback now.

Well played Cobra, to the penny!

I've been watching ARNA, RSI has been around 90 the past few days which rarely happens. June 27th they are supposed to have America's dream weight loss drug approved by the FDA... classic run up before a nice shorting opportunity... just have to be careful. yes it is a typical pre-run. normal ta wo...