Cobra's Market View

BullBear52x, The market is quite strong. I think everyone moves money back in US. I'm glad that I only sold Oct 14 calls on both SPY & IWM. I don't have plan to add new positions so far. as long as market manage to trade above 5dma trend is up per my gauge. day trade or counter trend move is di...

BullBear52x,

The market is quite strong. I think everyone moves money back in US.
I'm glad that I only sold Oct 14 calls on both SPY & IWM.
I don't have plan to add new positions so far.

I think it's time to add some short position on IWM.
Look at the chart below:

I sold a few IWM Oct 14 71 calls @ 0.55

Man I wonder how many bears are licking their wounds still. Been holding TMV from last week's bear trap, and its paying off very nice. I hate to rub it in, but damn I LOVE when good analysis works. There were 11 bears shorting at average of 119ish yesterday alone. today couple shorting at 121ish. t...

Whos' ready for the last 2 hour crash ?? :D Interesting times we are in... Bull mode just turns on, flying higher ! Shorts be ware ! :roll: :lol: AAPL diving already. I only trade AAPL, but I hang around here to see SPY. I guess AAPL is the reason why QQQ is so strong recently. Should I sell some s...

BullBear52x,

You're one of my favor contributors, too.
Here is my only trade today:
sold SPY Oct 14 123 Call @0.52

BullBear52x,

I also lost on the short side, but I did have some profits from the long side.
I don't have much insight, but I do like insight from
Cobra, for his technical analysis
Heavenskrow, for his analysis on the bond market

Cheers!

transportation is especially weak today. YA.and I am to.HA :lol: I got spank from TZA another 5% today too, the other day I spanked them with TNA hedge thought I was genius after running it up from 27ish. patience what goes up must come down, the funny hair dude once said. Because of you, I didn't ...

transportation is especially weak today. YA.and I am to.HA :lol: I got spank from TZA another 5% today too, the other day I spanked them with TNA hedge thought I was genius after running it up from 27ish. patience what goes up must come down, the funny hair dude once said. Because of you, I didn't ...

I'm not sure if Russell 2000 can break out firmly. Just closed my calls on IWM.
Should I short it?

Cobra wrote:Perfect, I made all the score today.

You're amazing today.

QQQ is still relatively strong, maybe because of AAPL.

heavenskrow wrote:Relatively low risk, high reward trade

Heavenskrow, many thanks to your posting on bond. It really helps me confirm my own analysis.
Cheers!

IWM (Russell) may break down first if it will happen.
Still holding TWM, but bought some Dec calls.

I'm going to trade gold stocks this week. It shows some bullish signs again.

Have a weekend to everyone!
We want to see a healthy cobra next week.

I'm trying to contribute my first chart here. http://stockcharts.com/h-sc/ui?s=XGD.TO&p=30&yr=0&mn=0&dy=10&id=p56472953380 I always use Canadian Gold Stock ETF, XGD.to, to track the gold stocks. So far, every time it has a huge volume spike in the last 30 minutes, big gap happen...

I'm trying to contribute my first chart here. http://stockcharts.com/h-sc/ui?s=XGD.TO&p=30&yr=0&mn=0&dy=10&id=p56472953380 I always use Canadian Gold Stock ETF, XGD.to, to track the gold stocks. So far, every time it has a huge volume spike in the last 30 minutes, big gap happen...

I'm trying to contribute my first chart here. http://stockcharts.com/h-sc/ui?s=XGD.TO&p=30&yr=0&mn=0&dy=10&id=p56472953380 I always use Canadian Gold Stock ETF, XGD.to, to track the gold stocks. So far, every time it has a huge volume spike in the last 30 minutes, big gap happens...