Cobra's Market View

This is the type of rally that record low sentiment (NAAIM) creates. Until we see some capitulation in the VIX, it is hard to take any medium term short trade. In the larger context, keep in mind that copper bottomed 3 months before the stock market lows in 2009, and nearly 1 month before the stock ...

Two things stand out for me right now... DAX still hasn't completed a 50% retrace VIX is still above its lows when the market was 3% lower! The VIX suggests that there are plenty of people who still don't believe in this rally (or are at least hedging long risk). Sentiment numbers this week will be ...

anyone watching copper? it looks like it is doing skydiving. Dr. copper is a must to follow for real economy indication. not what my uncle Ben say. Yeah, at 3.20 support now, but could go down to 2.40 (P&F show this, so do Fibs). Let's see if support holds. Copper futures are flashing 3.054 now...

anyone watching copper? it looks like it is doing skydiving. Dr. copper is a must to follow for real economy indication. not what my uncle Ben say. Yeah, at 3.20 support now, but could go down to 2.40 (P&F show this, so do Fibs). Let's see if support holds. Copper futures are flashing 3.054 now...

NAAIM finally broke the record string of weekly readings beneath 5. It rose to a level of 21.32 this week, meaning the investment managers now have a net 21% exposure to the stock market. AAII showed 36% bulls, 36% bears. The put-call ratio seems to be easing finally, though it is still historically...

If a Philly Fed massive beat and news of the demise of Muammar Gaddhafi can't push markets solidly into the green today, then there must be unfinished business to the downside.

EU meeting postponement has been denied now too.

guys call me crazy but you all know ive been aggressively short nflx via puts since 240 in and out . i think its time to buy small call position . i see +ve div on daily chart....could b good for a vol increase to earnings then its upto u if u want to play those or not . Personally, I'd like to see...

Biggest tell for me today was copper. It was very weak from the start. Couple that with DeMark daily perfected sell setup and I had to break my own rules and chase the downside trade a bit. Take a look at copper's chart, it has completely rolled over, suggesting the stock market may do the same. Co...

Biggest tell for me today was copper. It was very weak from the start. Couple that with DeMark daily perfected sell setup and I had to break my own rules and chase the downside trade a bit. Take a look at copper's chart, it has completely rolled over, suggesting the stock market may do the same. Co...

Biggest tell for me today was copper. It was very weak from the start. Couple that with DeMark daily perfected sell setup and I had to break my own rules and chase the downside trade a bit. Take a look at copper's chart, it has completely rolled over, suggesting the stock market may do the same. Co...

Biggest tell for me today was copper. It was very weak from the start. Couple that with DeMark daily perfected sell setup and I had to break my own rules and chase the downside trade a bit. Take a look at copper's chart, it has completely rolled over, suggesting the stock market may do the same. Cop...

So, had a huge loss (12% in one account and 19% in another) as I was stopped out at close with SPY punching through 122.55 and as usual, this is a huge contrarian sign so I am sure something major is going to happen this week-end and I will have lost out on a ton... Good luck to everyone, I may ste...

Financials ended the day down 1.3%, clearly diverging from this uptrend.

AAPL closed on re-test of all-time high, before Monday earnings release.

Mr. BachNut wrote:It is still risk OFF in TED spread land. Perhaps the banks don't matter anymore...

It all still matters, let there be no doubt about that

NEAR TERM (1-2 weeks): Bearish (though this isn't exactly working out so well)
MEDIUM TERM (1-2 months): Bullish
LONG TERM (6-12 months): Bearish

I closed my SPXU position that I opened at market open today. I have watched Sunday night futures ramps for all of 2 years now. No need to fight the tape. If we don't break down at all over the next 1-2 weeks, I will have to revise my probability of a visit back to 1360s highs. Certainly NAAIM screa...

EUR-USD is not re-testing highs alongside SPY. Final half hour here we come.

Wow! A serious pop literally on the 3:30PM mark...

If we could just re-test the actual highs already that'd be nice. Let's get this on already, it's Friday. Make or break time.

and finally VXX (VIX ETF) RSI... the table is set here. just need this re-test to fail, though volume is absurdly low today.

and JNK (high yield ETF) RSI...