Cobra's Market View

brandyjoco wrote:Anyone trading NUGT or DGP or holding long term?

Holding GDX and GDXJ, UGL for longer term, NUGT/DUST will kill you in choppy markets

Where has UMPEL gone?? miss his charts

MrMiyagi,
Thanks for sharing info on writing options on Friday. more questions, later in the day...

Hi Cobra and All,
When you see discrepancy between VIX and UVXY, which are supposed to be in same direction, which one will generally show the way??
e.g. today VIX is up like 2% while UVXY is down 5%??
Thanks

gvg, One more note to options, I have noticed that barring huge gaps up or down, if you write a call or a put on monthly expiration day (3rd Friday of each month) on the next month, come Monday there is a nice price adjustment in your favor. So for example if Friday August 17th you wrote a call for...

I'm using unsettled funds. Get margin I second that margin call. This way you can write options too. MrMiyagi, I often read you write calls, when you have some time, can you elaborate your strategy. I generally but calls/puts and i guess i am afraid to write calls as the potential damage could be v...

TraderGirl wrote:A break below that trend line support on NUGT doesn't look too bullish...

or is it trying to fill the gap at $10??

VIX is up barely, i guess huge up on monday? even if its for a day?

Cobra wrote:

SigmaEcho wrote:NFP: start low, end high. vice versa. ?

Yes, hopefully, as now people may start thinking QE3 is possible.

Dont think FED will do any QE before we see 1000 on SnP

$NYMO must be extremely high now, any intraday update anyone ? http://stockcharts.com/public/1684859/chartbook/139439402; Cobra, do you have $NYMO overbought highest records in the past? record high is here on this chart. http://stockcharts.com/public/1684859/chartbook/254362291; I guess not a bad ...

TraderJoe wrote:

gvg wrote:Can anyone shed some light on the difference between UGAZ and GASL, both say bullish 3X and they dont move similar, today, yesterday... thanks

GASL is gas Related, not ONLY gas.

THX

Can anyone shed some light on the difference between UGAZ and GASL, both say bullish 3X and they dont move similar, today, yesterday... thanks

KeiZai wrote:

gvg wrote:

KeiZai wrote:GM
Natural gas

Seems like a long term bottom is in?
higher highs and higher lows....

exactly

How are you playing? i am in GASL and UPL
Also, anyone, what is the best ETF may be 3X for playing CRB index? thanks

KeiZai wrote:GM
Natural gas

Seems like a long term bottom is in?
higher highs and higher lows....

Cobra,
AAPL second leg down?

uempel wrote:I intend to close longs in the 1392/96 area (and I'll presumably go short there)

3.png

Your charts are really great, THANK YOU

Cobra wrote:

gvg wrote:Cobra,
Can you share your view on GOOG? Thx

be careful if close sharp down here. the intermediate-term top was in.

Thanks

Cobra,
Can you share your view on GOOG? Thx

Cobra wrote:

Valance wrote:Cobra,

Thoughts on Apple?

nothing new.

could it be this??

KENA wrote:It will becoming to an end soon..Any bets which way???

sc-4.png

hmnn, generally april is very stong month, so i guess we will have to wait till early may to get any meaning full correction.