Cobra's Market View

Petsamo wrote:JBTFD in play until November ?

open ended QE - why stop in November? JBTFD until you're ready to retire! then BTFD some more. the inflationator has your back

I didn’t have time to check and see if these dates on massive corporate-debt issuance correspond to SPY tops or bottoms corp bonds.png Al- I dont' think you can draw any conclusions from single day issuance. A lot drives the calendar, such as where the mkt has been recently, all in rates, earnings ...

ClarkW wrote:

Al_Dente wrote:note TLT

Any idea why? Shouldn't it be down on the China news?

nope. bad jobs = QE back on the table. QE = bond buying. bonds go up.

hlv906.png 'Under strict conditionality'. Does anyone know what this means? What are the conditions who sets them? gotta read details at ZH...germany Austria and the Netherlands will not go fo this, its bluffing again by goldmanite printer-I Am Not To Say that markets won't rally into election....w...

break the lower triangle support 1397ish... could see a very sharp downward move. almost seems too easy/too obvious. everyboy is looking at the same thing... which scares me more.. because if does break... it could really lead to a waterfall... or either a huge gap down one morning waterfalls usual...

fehro wrote:break the lower triangle support 1397ish... could see a very sharp downward move.

almost seems too easy/too obvious. everyboy is looking at the same thing...

I find it humorous that people still think that bearish trades will work more than 5 minutes in this market, with a continuous stream of Fed and ECB meetings. Seriously, how many times does Cobra have to mention that traditional technicals are broken in this market? "Normally, it should..."...

Mr. T wrote:Why can't the market A-holes just let the SPX drop 20 points each day for a week.... then it could make some sense to buy.
It goes down 2 points and people run in "buy the dip!!!!!!!"

that's not good for elections...

BTFDers win again. reverse of traditional TA signals seems to be the winning trade in this market for a while. we break support at 1407 and instead of accelerating down instead we rally.

gold is decidedly *not* fading the QE theme. stocks to follow?

Cobra wrote:nothing to say. bears need decisively break yesterday's low in order to keep the game going on, so wait.

FWIW, DOW already broke yesterday's low

I see us on the right should of a H&S in ES. 60 min, 7 day timeframe. Dow broke it already

here comes BTFD

what do u call this thing? Is it an outside reversal or an engulfing thingie or what??? on the SPX, strictly speaking, nothing. on the NAZ we got an engulfing line. nothing on the DOW. AAPL got a dark cloud cover just a few days after a shooting star - not good. at least for the near term. THANKS :...

Al_Dente wrote:what do u call this thing?
Is it an outside reversal or an engulfing thingie or what???

on the SPX, strictly speaking, nothing. on the NAZ we got an engulfing line. nothing on the DOW. AAPL got a dark cloud cover just a few days after a shooting star - not good. at least for the near term.

EvilTrader wrote:WHO IS BUYING THE F***** DIP ??

ISNT THE 1ST DIP A BUY ?

COBRA ?

what if yesterday morning was the first dip...?

i dunno. i feel like bears need to make a case here at the close. i think in this uptrend a bullish close doesn't lead to a gap down, but rather a sign to the bulls that the bears still can't take control. when the mkt was chopping, then i agree with you. bears need to slam it now and say they're do...

MrMiyagi wrote:

rc1269 wrote:rally into the close and wipe out a lot of the bearish/reversal indicators...? i wouldn't be surprised

I would not rule it out, Ben & Barry have some deep pockets..

deeper than mine!

rally into the close and wipe out a lot of the bearish/reversal indicators...? i wouldn't be surprised

Just a suggestion for those who keep trying to pick the top here - don't. We've now built enough momentum that a top formation will form over time and be retested. We have too many MAs pointing upward to just collapse straight down. Dips will be bought. Might as well wait for real trend exhaustion a...

Petsamo wrote:

rc1269 wrote:looks like (yet another) rally/breakout is in order. makes perfect sense

Not to me, it doesn't

well i guess that's why it's a market! i see ascending triangle. cheers