Cobra's Market View

Shorting AMZN here it looks like it broke down out of its bear flag and its staying near LOD, holding o/n w a stop at 212.60, I think it retests its recent lows around 200.

judging by volume, i would make the case that we should rise today as the lighter volume days tend to be up days and we can levitate upwards after lunch.

bots are programed to buy the dips and sell the rips (mean reversion) however once real selling comes in again, then it will push the index levels down again, i have a feeling we will see more selling around 1-1:30 pm. I figure this is still valid as volume picks back up we should continue to the d...

bots are programed to buy the dips and sell the rips (mean reversion) however once real selling comes in again, then it will push the index levels down again, i have a feeling we will see more selling around 1-1:30 pm.

The Hook wrote:TED highest since last summer

Still though not anywhere close to 2008...

besides why would you want to have hold silver puts we all know its going to 70 once QE3 gets announced later this month

Hi Cobra and all the participants, I am a newbie ..I have put and a call in silver for september at diffrent strikes. question is, why are both puts and calls down? for all the months and strikes?? appreciate your insight! thanks I don't trade options, so no expert here. My guess is because IV is d...

ccash04 wrote:Theres probably going to be more late day selling as margin calls come in. Judging by todays action I would think there would be quite a few margin calls today.

Cashing out on shorts, thinking the last 30 mins as usual is margin call time.

Theres probably going to be more late day selling as margin calls come in. Judging by todays action I would think there would be quite a few margin calls today.

well glad the US markets didn't look at the DAX or europe markets, looking gloomy over there.

QE3 can't come soon enough, i like it more when all is priced for infinity

bit of resistance around 128.5 but tick is looking better to get over it.

there has to be a slew of downgrades coming w analysts having to lower their price targets based on much lower growth expectations

Been swing trading AGQ for a silver play. I would like to see a close above 210 and then should be off to the races. Broke out of the descending channel or broadening wedge a week ago and had the throwback.

You will note TLT is very close from another b/o.

looks like OpEx shenanigans, gold and silver holding their gains much better than SPY.

I'd like TLT if it could get above 97.50 or some consolidation around here and then higher for a cup handle on teh daily.

deadmoney95 wrote:

cheech wrote: Simply incorrect and poor trading

Set up your own board then, hotshot, instead of giving Cobra crap. Your ego seems so big though that there probably wouldn't be room for anyone but you.

agreed.

SLV and silver looks like it might have resolved its wedge to the upside.. also bernanke is helping the cause.

new to this forum but been reading for awhile great stuff here! thanks!