Cobra's Market View

There is a huge shortage of silver, according to “everybody” Reportedly, over 50% of the short interest in silver is held by 8 major banks THE REALLY BIG NEWS of the last week is the change in the prospectuses for SLV and SIVR https://www.bullionstar.com/blogs/ronan-manly/twilight-zone-as-etf-provi...

On a weekly basis, silver could be making its first bullish cross above 0 in 9 years, its RSI is maintaining above 50, and it is keeping above the 20 SMA.

Any break of 30 is going to send it to at least 50. A break of 50 brings in the animal spirits.

One thing I noticed about any large previous drawdown is that any pullback of actual size was always preceded by a divergence in a number of different market leaders: GBP/JPY (typically the biggest tell) Copper HYG TLT (negative) SMH XLF Crude Oil IWM None of these market leaders are showing any sor...

Final note, Inv h&s on the VIX if the current price level holds at 11.68

Nothing interesting will happen today. I'm off to sleep. Next week might finally see volume.

Today's VIX behavior is pretty telling IMHO. Maybe I'm completely wrong but this smells like the MM's trying to lower premiums for puts by having a coordinated attack on the VIX. The last time the VIX was so pounded and then quickly brought back up again, not in concert with equity market action wa...

Today's VIX behavior is pretty telling IMHO. Maybe I'm completely wrong but this smells like the MM's trying to lower premiums for puts by having a coordinated attack on the VIX. The last time the VIX was so pounded and then quickly brought back up again, not in concert with equity market action was...

FX and VIX diverge. FXE/FXY point down, VIX points up. Who wins? I was wondering the same thing actually. VIX has been getting destroyed ever since the mid April lows. It's still painting a very long term divergence though and all in all, the currencies are harder to manipulate than the VIX. The ye...

XLF heavily underperforming the last two days. It usually leads.

That daily candle on the SPX looks like a doji.

http://wsj.com/mdc/public/page/2_3022-m ... yflow.html

1) VV
2) SPY
3) AAPL

with all the other major etfs on there somewhere. This looks like a very thin up move, and not the kind of move that triggers a long rally. Looking for a reversal sometime this week.

Going short here, we just filled the gap in SPY April 16

I'm out. This could go either way. I'd rather just piggy back on the trend once Monday rolls around.

Interesting setup on the AUD/JPY: AUD/USD is sitting on important support while USD/JPY has retraced above its 78% line and looks ready to attack the previous top. A fairly simple setup here is to go long AUD/JPY and use AUD/USD break of support as a stop. If stopped out just short AUD/USD as its ne...

So we're just now hitting up against the upper trendline. No idea which way it will go, but it looks like it should break through, considering the Strong Up volume today.

Nothing here today suggests so far that yesterday wasn't a short term bottom. XLF and USD/JPY are both strong. Holding long, ideally until Wednesday/Thursday.

MrMiyagi wrote:Anyone have directional guidance SPX for tomorrow?

Well my coin landed on heads so I think that meant up.... can't remember now tho. Plus OPEX friday usually goes the other way from monday if I remember correctly.

BTW I posted this "P-bar" (about a week and a half ago) that I noticed after hours on the oil-price site. I posted it kind of tongue-in-cheek, but with the events of the last few days I am kind of going "Hmmmmmm". No one commented on it before -- what do u guys make of it? There...

I guess it wan't meant to be today. No waterfall, AUD/JPY diverging positively, I'm flipping long.

Holy moses, AUD/JPY just went haywire. Definitely a battle going on right now. forgot about the April 5th support for the SPY but its here as well. I don't see "haywire" aussie/yen can u post chart? thx Haha sorry I have a knack for hypebole. I was just watching the 1m chart and it spiked...