Cobra's Market View

Not sure who is thinking this is real. Newsfeed is about 90% negative on this move with Goldman being very clear odds are against it. Worst news is bond market not participating. Don't like it when everybody is sure about what will happen. Couldn't agree more! Line in the sand is 2820 and if the A/...

Gap fill at SPX 2681...let's see some direction now.
Credit spread not helping the long case.

It would be nice to see the SPX gap from yesterday filled at 2683 by Friday...and then down we go next week. Happy thanksgiving to all the American peeps here.

You mean we should short Apple right now right? True story: I recently went to the Apple store (by appointment) to have the keyboard replaced on my 15-inch MacBook Pro (under warranty). When I was there waiting for the "genius," I ask to have the battery replaced on my iPhone ($29.00). I w...

Nasdaq is the first index to trade below the Oct 29 low...other indexes to follow? Watching to see how we close today.

Adding to put positions...not capitulating...I'm good with a draw down short term. Next stop is 2600 on SPX. Final target 2530 area with an outside chance of 2375.
This year seasonality may not matter other than some short term rallies.

Ascending triangle on the indexes 15 minute chart. Technically should break out to the upside. Sitting on my hands to see where this goes Monday.

Too bad I sold the puts before the close yesterday...will reload on the bounce. Credit markets are still nervous and no sign of a medium term bottom yet. Congratulations on eradicating that "stupid signature thingy" as you described it. It's no fun being a walking advert for Tapatalk. ..:...

To bad I sold the puts befire the close yesterday...will reload on the bounce. Credit markets are still nervous and no sign of a medium term bottom yet.

Testing stupid signature thingy

Bought back half a short position now on the Qs. -Just to clarify.. you reinstated, or restored, a 50% short position in QQQ...? The phrasing used could equally mean "I closed out, by buying back, a half of my short position". Near perfect ambiguity. .. :) (My personal guess is the former...

Bought back half a short position now on the Qs.

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Today's close is the key. Close above 2700 area is positive and needs follow through tomorrow.

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Sold shorts earlier today. VIX daily looks bearish so a bounce is likely and will reload on the puts. Sitting on my hands for now. This was a nice reversal today for the Bulls.

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I didn't see full on panic selling on the previous low before the cat bounce started. I don't believe the Inv HS will develop. Staying short with a target of 2530 at least. Sent from my SM-N920W8 using Tapatalk rez, i see spy 263 for the turn... That's the low on the candle after the first down leg...

ES 12-18 (2000 Tick) _ ES 12-18 (2000 Tick) 2018_11_14 (1_57_27 PM).png Looks like a buy program to me, especially the way things got shaky at VWAP. I have no confidence the bottom is in. Clearly the positive Brexit news just now had to be positive for the market. Agreed...the market seem to want t...

Positive Div on SPX 15 min couldn't turn this around. Break down from yesterday's low is in. VIX should slow down a bit before the final push.

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I didn't see full on panic selling on the previous low before the cat bounce started. I don't believe the Inv HS will develop. Staying short with a target of 2530 at least.

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Looks like a close near LOD with spill over into tomorrow. spx target of 2530 in sight.
VIX filled the gap and above 20 is bearish imo.

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Haven't been here for a while. It's great to see this board is still alive.
My two cents...expecting the second down leg to begin anytime now. Target on SPX 2530 with a possible under cut before a bottom. Yesterday we hit a long term trend line around 2815.

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