Cobra's Market View

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

Jademan, nailed it. That is the level I am watching. IMHO, men from boys level, could be wicked up or down from there volume by price max there. Not too crazy about this early levitation, bit early for my liking.

History need not repeat: During the last 2 large corrections (dot com/real estate), the fed started reducing interest rates in nov 2000 and aug 2007 (fed funds chart) - average bottom tag was 2 years later and 50%+ more downside following the 1st reduction. One can ballpark how much more we gotta go...

I'd add there is a lot of volume at this level on SPY. Someone is buying here. means someone is selling too. very curious as to what eventually gets the vix excited. Amazing ho hum vix for weeks. Cem Karsen at Kai Volatility has a number of excellent videos and posts (twitter) regarding the low vol...

I'd add there is a lot of volume at this level on SPY. Someone is buying here. means someone is selling too. very curious as to what eventually gets the vix excited. Amazing ho hum vix for weeks. Cem Karsen at Kai Volatility has a number of excellent videos and posts (twitter) regarding the low vol...

Ratbastrd wrote:I'd add there is a lot of volume at this level on SPY. Someone is buying here.

means someone is selling too. very curious as to what eventually gets the vix excited. Amazing ho hum vix for weeks.

big drop without dollar strength . interesting junction here.

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&...

2018 december algo is kicking in? Powell will not pivot like he did then..drop , then sideways? AAPL 27 PE, needs 17 or lower? bear musings for today , its bearish out there Santa where are you, paging Santa!

vix down big, indices red hmmm hmmm hmmm.

Goldman:
Argentina Win, +2.4 to 3% SPX
Messi algo

If the next move is down, it will be 2018 december all over again, without the bounce. 3980 needs a holding for u bulls

jademann wrote: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

Welcome my son
Welcome to the machines...

Those 3 x .03% charts I showed yesterday only work when there is a tradeable structure forming perfectly because it drills down into the price. P%F charts get distorted with today's gap. But it was awesome. Anyway, this is the best chart I have showing current structure which is also tradeable. 3 x...

BullBear52x wrote:Day #3 of inside day. the wave guru will think wave 4 is likely a play here.

ridiculous call premiums, sellers jacking up prices for the Christmas Rally anticipation

BullBear52x wrote:Not if but when?

lower

Al_Dente wrote:We may get a bounce later today or tomorrow unless this divergence gets corrected
Price lower low
AD higher low

Screenshot 2022-12-06 093713.png

think we got a shake out a coming. I am outta here, will wait till next week for buy opps. small caps sos

Really hope this week isnt one of those market gonna try to force the Feds hands weeks.

"I don't know what planet he lives on." Wharton professor Jeremy Siegel roasts Jerome Powell as the Fed continues to signal more rate hikes despite signs of falling inflation https://markets.businessinsider.com/news/bonds/jeremy-siegel-roasts-jerome-powell-federal-reserve-inflation-intere...

2 days in a row vix collapsin

FYI The VIX just closed the last outstanding open down gap from August. The August and April VIX lows are close. So, one can wonder how much drop may be left in VIX. It remains well within a declining channel. I am inclined to believe that a break of the declining tops line will be a notable thing ...