Cobra's Market View

SPY: I sold to open a progressively constructed strangle (see chart). Thus, I am playing this OpEx under the assumption that the SPY range 131-134 has a high P to be observed on Friday close. But this is still very risky… It is hard to imagine that THEY will simply give me an easy winning play. So…...

SPY: I sold to open a progressively constructed strangle (see chart). Thus, I am playing this OpEx under the assumption that the SPY range 131-134 has a high P to be observed on Friday close. But this is still very risky… It is hard to imagine that THEY will simply give me an easy winning play. So…...

SPY: I sold to open a progressively constructed strangle (see chart). Thus, I am playing this OpEx under the assumption that the SPY range 131-134 has a high P to be observed on Friday close. But this is still very risky… It is hard to imagine that THEY will simply give me an easy winning play. So…w...

Well, Cougar, anybody else thinking gold, here is my daily short signal. Of course it wasn't until the big DONGGGG went off in 6 decade old neuron synopses and I 're-got' short near Friday's sort of high. If you're thinking of shorting your intraday high timing I will try to input something if U ju...

...but holding ALXN for a breakout...soon

For the few who remember: sent order to sell PLX today into the news of getting 25 M from Pfizer

GLD (short term) is in a moderate “buy mode”…but still coiling inside the territory of a previous gap: undecided, but on close some smart cookies bought it on higher vol. Maybe those same guys were considering that the Spanish fandango move predicts stronger euro => lower US$ => gold UP… However, lo...

$SPX KABUKI for a tentative reelection, compared with Bill’s and W'S (as incumbents)
Rule #1: do not allow more than 2 adjacent red bars
Rule #2: 3 mo. RAMPO into Nov

Surprisingly, a brief summer drop under the Jan low (like W's) does not destroy the chances of reelection

$DJIA mo: ascending parabola of the bernank’s success predicts an asymptotic limit ~13406. Retest probable...later:

$SPX daily (update): Nice bounce from the Fan Line. Probably will check again the 1330 zone.
Again: a gap above that previously successful resistance level will suggest additional bullishness.

Volpinacci twitted on Friday, at 3:49 pm EDT “An unusually crowded weekly OpEx: lots of puts have to be murdered...until 4:15 pm EDT” and posted Chart #1 But the RAMPO that followed (Chart #2) was much more than an OpEx closing necessity and a new question appeared: WereTHEY front-running something?...

Update on GLD: intersection of Reg. Ch. midline and gap base form now a good attractant/support

Well…I took some beating on some of my stocks long positions…but not too much…because:

“All my X-s live in Texas
And my stocks have doggy collars”

...since they are all demanding and “high beta”…

Tomorrow will be a fun day! I shall watch the Friday opening gaps!
GLTA!

A few words on $SPX: I only rarely post MAS 50, 100, 150 or 200 because they are masterfully used by da boyz as fake fingerposts to mislead... However, $SPX MAS(200) = 1284.53 while $SPX closed at 1278.04...which is good to know, since it already happened. I am considering further longer term swings...

Argument of this chart: GLD on Friday was not “out of control”.
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And finally...what I did: After selling at open all residual puts and expanding longs into the top of the parabola, sold in the “incision” most of them and stayed with a small “seed bias long” over weekend.

After sever unsuccessful attempts, GLD finally gapped above the midline of our “technical” Regression Channel, but still has 2 major resistance levels above it.
[One might also notice the Fibonacci time vibrations with a next pivot around this Jul 25]
This chart is only moderately bullish.

As expected, GLD suddenly turned green and bullish on %R System and on Rel. Stoch:

However…3 previous signals suggested a gold RAMPO:

[1] a broad but well supported short cycle GLD trough:

[2] an early BUY PALL, frequently preceding the moves of GLD, as many times discussed here

[3] an early BUY GOLD - a smart “knowledgeable miner” often preceding $GLD moves

Guru-twitters are either quiet or “philosophical” today. Most of them were caught long Indices (SPX 1,300 = support that had worked?!) and short gold and miners (US$ up => gold must go down ?!). Ha-ha! On Friday late, after adding AAPL (long) and being killed intra-day on 2 or 3 rounds, they got on ...

Peter Frankopan’s article might be a stretched analogy ….but challenging and very well written!
It is based on historical facts.

http://mobile.nytimes.com/2012/05/25/opinion/ bankers-at-the-gates.xml