Cobra's Market View

Get to 4,000 today? Then pullback for rest of the month?

Think we retest 3850 before going too much higher. Short here, stop above 3910.

Is market closed today? Seems like range bound within .20 range now, pretty boring

Swinging on short side, looking for retest of the morning low.

Interestingly, between yesterday and today LQD (investment grade corp. bonds) are down while SPY is up - really last week or so. Typically this portends trouble ahead or at least a pullback not up up and away. look at HYG MACD, suggesting sideways to down also but it doesn't. this time is really di...

Interestingly, between yesterday and today LQD (investment grade corp. bonds) are down while SPY is up - really last week or so.

Typically this portends trouble ahead or at least a pullback not up up and away.

3,800 on deck, seems to me this is the stage where everyone is all-in, retail/robinhood etc.

Maybe a double top near 375.5 on SPY but today seems like the day the ATH is tested on SPY.

Long end bonds getting hammered, VIX slammed, and everything except tech to the moon, what a day.

Seems like a boring day, shorted here as not much push higher it seems but probably will get stopped out and take rest of the day doing something else.

Retest yesterday's low?

Anyone knows why small caps so strong today? Think it is due to stimulus hopes. If I am not mistaken IWM/Small caps is more banks/financials and if you look at KRE it is up big. Stimulus hopes there. So all are aware there's the sword of Damocles there and it can drop at anytime, who dares to hold ...

Cobra wrote:Anyone knows why small caps so strong today?

Think it is due to stimulus hopes. If I am not mistaken IWM/Small caps is more banks/financials and if you look at KRE it is up big. Stimulus hopes there.

Who is going into this weekend holding long?? Certainly doesn't feel buy the dippy yet.

Retest of today's low in store today on SPY? Below 3350 seems like an air pocket.

All up all day? Looking strong, at a minimum will test Monday's high looks like.

P-Bar to 334.22

Below 339 and double top in place?

Reversal time?

Playing short here would like to see 3300 or more shakeout before resuming higher, gap and crap today?