Cobra's Market View

It's the QE TAPER. Market wants to know when Helicopter Ben will start tapering the QE.

Zane wrote:FOMC Meeting Minutes this wednesday
Bernanke speaks

any idea what will this affect the market?

I'm pretty sure SPX will close 1638 to keep us all guessing. :twisted: CS published this momentum chart today. Note that they are bullish medium and long term, they don't (they never...) give an indication for short term. SPX does not look very bearish and if SPX manages to close above the 1640 leve...

If Fed taper is coming fairly soon, I wonder if these rampings are setting up for suckers coming in.

Ya coming down now...keep ramping good early and I'll short it for profits

Cobra wrote:target met. this pullback shall have small legs.

Gone shorts for the day with SPX +12.

You can sell rocks too.

Out of Bounds wrote:Like the entrepreneur I am, I am watching these protests in Tahrir Square and all I can think is that I need to set up some stalls selling water and throat lozenges.

I am a real asshole sometimes.

Damn! That's BIG BOLD FLASHING sign.

MrMiyagi wrote:!!!!!! POWER HOUR !!!!!!!

This is not PATRIOT!

fehro wrote:look out below

No comment...

MrMiyagi wrote:

1320.png

Could it be a Rounded Top?

Cobra wrote:still is ascending triangle, only bigger.

Time for a good squeeze? I'll take a look and see.

Seriously it can go as high as $150 before dying.

1der wrote:fwiw: TSLA - Tesla - Not available for Short via IB

THANK YOU!

The craps are running are pointing to tops.

wayne0708 wrote:small caps up over 1%. I suppose SPX can catch up tomorrow?

Looking like she's breaking to the down side.

thanos wrote:break of 1620 confirm of a double top. My bet is down.

SPX +18 and you're neutral?

Out of Bounds wrote:Neutral

I don't know but I've gone shorts for the day.

If breaks, I have to close shorts and go long.

fehro wrote:could get a sharp move up ... if this is a neckline breaks to the upside...

I'll give you all-you-can-eat flies that it won't get there...

MrMiyagi wrote:Hey kids, late riser today, in case anyone missed, the SPY 160.10$ pBar from yesterday was taken out this morning.
There's 163.47$ and 166.37$ targets on the upside left.

Gone shorts for the day SPY $160.

BullBear52x wrote:too stretch, buy day today but at this sell first and buy back later.

Ain't over yet. More lows coming IMO.

uempel wrote:If this was a low it was a very strange low

125.png