Cobra's Market View

The first fuse has been lit. I can't wait for the next fuse. Debt ceiling anyone? I wonder how my Jul FAZ calls will be by Monday's opening.

MrMiyagi wrote:

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There's one open at $149.50 but that won't be covered until another century.

MeXMan and OutOfBounds are notoriously well known for counter trend trading.

I wish them nothing but the best. Luckily, I wasn't born with this special gene. Thank God!

uempel wrote:Chart suggests that today will be boring and tomorrow Tuesday too... But Wednesday's opening could be exciting

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Gotta love it when TA and FA aligned.

Blue line from top part is TLT and bottom part is USD. The idea came from David Larew (on Public ChartLists), who showed me how to fast forward the lines. I played with the currency pair EURUSD, but I couldn't come up with what Tom McClellan gets. Maybe you could with your excellent charting skills...

Out of Bounds wrote:Full on short now. Maybe something bad will happen this weekend? N Korea, Egypt? Italy?
Roseanne gets another TV show?

You're going full short again? I don't remember the last time you go long. You must like shorting the market.

The accuweather is reporting about 40 minutes ago that a major storm is developing that will hit the East Coast in one week. I am no weather expert, but apparently this storm is being compared to the most damaging storm from 1962 called "Ash Wednesday Storm." http://www.accuweather.com/en...

Kate shes beautiful yikes cnbc Am I the only guy who doesn't think she's all that? I mean she's a pretty woman but it just stops there. Different stokes for different folks. Agree, she ain't all that...my personal opinion is that the most beautiful supermodel's were back in the 90's... hint find se...

TraderGirl wrote:

HenryR wrote:If we talk about the 90s we have to have iconic Seymour and of course Turlington too.

Seymour was in the above...

You're right. She's the one on the far left. I did not notice that.

If we talk about the 90s we have to have iconic Seymour and of course Turlington too.

uempel wrote:Last chart for today, bye guys!

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Usually consolidation/side way, before heading higher will result in expanding the channel. Most of the time it's fine. Text book abcde triangle and now breaking out to 5th wave. I guess the market makers will play this out according to the wave guide.

Anyone here has historical stats on the shortest, longest, avg, about when /es will cover that gap up?

Nice call BB52x on ES 1446 as support. I see that too on my screen. Below 1446 we might get more volatile actions.

Petsamo wrote:FISCAL CLIFF DEAL: $1 IN SPENDING CUTS FOR EVERY $41 IN TAX INCREASES
Xian should be very happy.

It's the 1st trading day of the new year. I think you two should try and mend things.

Cobra, bullish engulfing on SPY?

I went long FAS at the end of the day. Pure play on an xmas rally. Entered long 50k of FAS at 120. 8% stop loss around 110, target of 135 for 12.5% gain. not a great risk/reward setup, so it's not highly recommended, but i think it's worth taking a small punt on the end of the year wrapping up nice...

I went long FAS at the end of the day. Pure play on an xmas rally. Entered long 50k of FAS at 120. 8% stop loss around 110, target of 135 for 12.5% gain. not a great risk/reward setup, so it's not highly recommended, but i think it's worth taking a small punt on the end of the year wrapping up nice...

Al_Dente wrote:

gap up wrote:

Al_Dente wrote:gap up... R.I.P. Izzie: http://www.youtube.com/watch?v=CgHkbrhAF_E

Wahoo! http://www.youtube.com/watch?v=R-xzfwDAn1I

http://www.youtube.com/watch?v=TrytKuC3Z_o

You might like this http://www.youtube.com/watch?v=Kmc1XN3iVVc

This press conference and vote today will effect the markets. Any more discussion than that is inappropriate here. Bill, You do not have to read this if you don't like it, I'm sure you are not the new board police... :D :D Sorry, I kind agree with StudentBill, a little discussion on the vote is OK ...

Can someone help me with a simple thinkorswim script on how to submit an order based on say 60 minutes chart and 200SMA? So if price trades at or below 200sma on 60 minutes chart it will trigger a buy? TIA. Try their Trade Architect platform for automatic trading, it's pretty easy to code. thanks!