Cobra's Market View

SPX buyers are safely in control

2278 SPX

SPX trajectory

Possible 30min SPX IHS, 100% measured target 2277

5min SPX channel ruled the day.

"Real " bears blow out their accounts thinking that a market shouldn't go any higher. You're probably right that the derivatives hedging fuel the fire.

SPX test lows again or IHS?

SPX larger picture

Bounce at 2260 SPX? 30 min channel broken...

'Hey, been a long time. Here's what I'm watching in SPX:

Anyone see this guy?

Xian wrote: MrMiyagi

Just wanted to say thanks for converting me to the church of the p-bar— never paid 'em much mind before, but I do now

For future reference, it is known as The Church of the Holy P-Bar

[for later] SURPRISE !! Energy Markets Are Manipulated Commodities Are Manipulated Interest Rates Are Manipulated Gold and Silver Are Manipulated And more…. And the biggest surprise is that this is NOT a conspiracytheoryzerohedge link! http://www.ritholtz.com/blog/2013/08/energy-markets-are-manipul...

RHIGHT had a good post on VXX this morning http://seekingalpha.com/article/1580262-uvxy-inflows-reveal-a-strange-paradox-that-could-be-preventing-a-market-correction?source=email_macro_view&ifp=0 VXX tracks the VIX futures , not the equity/cash $VIX VXX-IV (implied value) is 15.41 http://financ...

ALdaytrade wrote:If you want to trade on Vix Futures, you can get real time Vix Futures on investing.com

Thanks, so according to those quotes, Aug contract trading at 14.35 and Sept trading at 15.70. That is why VXX is trading lower.

RHIGHT had a good post on VXX this morning http://seekingalpha.com/article/1580262-uvxy-inflows-reveal-a-strange-paradox-that-could-be-preventing-a-market-correction?source=email_macro_view&ifp=0 VXX tracks the VIX futures , not the equity/cash $VIX VXX-IV (implied value) is 15.41 http://financ...

Long time lurker, love to keep an eye on this board during the day. I am curious if anyone is watching the increasing delta between VIX and VXX over the last week or so. Today it is quite pronounced. I realize VXX is looking at mid term futures, but this only complicates the issue from what I can t...

/YM break up here, or new lows down trend day

MrMiyagi wrote:

1444.png

"Yeeep, yep, yep, yep, yep"

/YM has broken the neckline, FYI