Cobra's Market View

I think China is the bigger market for Iranian oil. Europe is not a great customer. But thew fact of european embargo could release aditional measures from Ayatolah's regime. Even if Iran decide to do something that will last couple of days, max 2 weeks. Of course that will push Oil to spike big ti...

I hope that every one had good New Year night.
It's raining in Toronto right now.
Here are couple of charts that I follow:

Silver, touched support line, will it hold????
Anybody's guess!

Out for today, back to work next week.
Wish Happy and Prosperous New Year to all!!!!!

Silver,no comment:

What's your timeframe Mozart? I don't go by dates, just try to figure the trend, than go with it. I am not the tech expert,when it comes to charts, trying to keep things simple. When it's oversold, exit, pick better spot for shorting, or go long, depend's on the trend. Yesterday, did take long posi...

Looking to go long SLV (AGQ) for a swing trade. Below are my thoughts/comments. Let me know what you think (good or bad :) I am shorting it at this level, tight stop loss. Silver is in clear downtrend, by looking at the risk, good question is where is more risk, going long or short at this point. J...

Silver seem to be doing better than Gold today, just dad cat bounce, out of long position, thinking about going short again.
Chart looks terrible.
Just another opinion!

Switched short to long in Silver, expecting some bounce here, just another opinion. Here is the link to nice read: http://www.theglobeandmail.com/globe-investor/investment-ideas/fabrice-taylor/seven-investing-rules-for-a-prosperous-2012/article2285489/ I like the number 7: 7. Don’t fully trust anyon...

"To be, or not to be"

Merry Christmas and Happy Holiday to all!!!!!

Al_Dente wrote:Note TWO more one minute volume bars, totaling 5 million shares, 2 minutes
Something is about to hit the fan …….IMHO, Kool-Aid, WDIK etc

Looks like buying to me?

gabor wrote:Is Dec 26 a trading day?

Merry Xmas for everybody!

Canadian exchanges are closed on Monday, December 26, Tuesday, December 27 and Monday, January 2.

Anybody using any stocks Automated Trading Software here ?
Thx!

Good morning Cobra and the rest of the board members and non members.
Silver chart, just another opinion:

Petsamo wrote:We have any dip buyers here?

Buying Silver here!

HappyFriday wrote:Why not even one analyst downgrades RIMM to sell rating ? They are just lower down the target price.
Does it mean something ??

Tax loss selling on top of current problems, bounce next week, when short's start to cover.
Last day for tax loss to sell is next week Friday in Canada.

What's going on, was away from computer and Tv, Gold and Silver dropping like a stone in water?

I think the market is getting ready for another upside, like Cobra said, just consolidation here.
Europe will come up with solution this weekend, they not gonna let it fall apart just like that.
Will it hold and for how long, that remains to be seen.
Just another opinion, DYODD!

newbie_77 wrote:big volume bar on 1 min ..... something must be happening.. soon...

SPY,4.11 mil shares, I don't think that anybody is buying at this point.