Cobra's Market View

That is what I am currently expecting. There again since Dec 12th we seem to have a bowl bottom forming with higher lows..

I mean the next trading day. We seem to be stuck in a range up one day and down the next.

Anyone have a clue what to expect for next trading day in new year?

TSLA valuation still almost 10x Ford's.

100% SPXU position here

Bonds need to recover first which they are not..
https://finance.yahoo.com/quote/TMF?p=TMF


VIX looks like a repeat of APR 2022
https://stockcharts.com/h-sc/ui?s=%24VI ... 0599455137

Im out. time to take a break.

Still holding UPRO. Bad idea or?

Wonder how high it can get before the end of the santa!? SPY 395?

Vix not bothered by this move at all. watching the gap fill

Now 40% position in UPRO

BB is an optimist today! Anything is possible in this market.. 4100 just 2 days ago

I only have an 8th position in UPRO. Will add more at if it looks right.

I am seeing a possible repeat of Nov 3rd sell off, but at a higher price of course.
My theory is that they are setting up a santa rally which ends Jan 2nd.

And the VIX ema rule still says buy the dips
https://stockcharts.com/h-sc/ui?s=%24VI ... 0599455137

BBB Roger Roger!

I went long too. Shorts will cover before the end of the day. I am usually bearish but I cant figure this market out at all right now. So I am betting on seasonal trends! Also my VIX rules say to buy sell offs with the blue and red EMAs as they are: https://stockcharts.com/h-sc/ui?s=%24VIX&p=D&...

Switched to UPRO. Santa Rally.. what?

Not seeing the falling off the edge of a cliff effect. concerned..
Vix isnt responding either..

Mr B, I got stopped out also. still kicking myself.. I am willing to buy SPXU if 3900 breaks.

Flat and just watching until something makes sense. Can they keep it up this long?

A Santa Claus rally is a market rally that causes stock prices to increase during the holiday season, typically a seven-day period beginning the day after Christmas and ending on the second trading day in the New Year.

Haven't seen anything this in 25+ years..

https://stockcharts.com/h-sc/ui?s=$VIX& ... 1309525406
https://stockcharts.com/h-sc/ui?s=%24VI ... 0599455137