Back to www.cobrasmarketview.com

   

09/02/2011 Intraday Watering

09/02/2011 Intraday Watering

Postby Cobra » Fri Sep 02, 2011 9:05 am

Gap down below yesterday's low but it's NFP day which suppose to open low close higher so I don't know if the gap will be filled or not. One thing is certain though, assume we open right now (and later the deeper it drops the more solid the evidence), it's enough price overlap (as I discussed in the last couple of days) to prove what we had in the past few weeks is (was) merely a rebound, it's not the start of a new bull market.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 44795
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/02/2011 Intraday Watering

Postby nonabear » Fri Sep 02, 2011 9:09 am

Since March, the NFP down opens have closed flat or higher on the day, with none getting down more than 5 points from the 9:30 open.

On up opens on NFP, the market ended below the open.

So both reversed the trend of the gap.

Today could be different, but I am closing about 65% of my shorts here...
nonabear
 
Posts: 34
Joined: Thu Jul 07, 2011 2:50 pm

Re: 09/02/2011 Intraday Watering

Postby agnosia » Fri Sep 02, 2011 9:10 am

lets see if /es gap 1178 holds.... so far /cl 85.37 is.
agnosia
 
Posts: 1491
Joined: Fri Mar 11, 2011 10:59 am

Re: 09/02/2011 Intraday Watering

Postby vats » Fri Sep 02, 2011 9:12 am

Good Morning, Cobra,

Thanks for the commentary last night. I went short with TZA. Also long with Gold.
vats
 
Posts: 46
Joined: Wed Aug 10, 2011 10:09 pm

Re: 09/02/2011 Intraday Watering

Postby stucap » Fri Sep 02, 2011 9:13 am

5 min ES chart looks like a bear flag, waiting for the moving averages to catch up. Could be wrong, as it could be some sort of bottoming action. Anyone have thoughts?
stucap
 
Posts: 994
Joined: Thu Jul 14, 2011 12:25 pm

Re: 09/02/2011 Intraday Watering

Postby 99er » Fri Sep 02, 2011 9:14 am

Good Morning.

So honey...are you ready to go out?
ES http://99ercharts.blogspot.com/2011/09/es_02.html

Gotta wash my hair first.
User avatar
99er
 
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm

Re: 09/02/2011 Intraday Watering

Postby AK84 » Fri Sep 02, 2011 9:15 am

Good Morning Cobra and everyone!

Its going to be a great day for all the people short as the action from the last couple of days everyone has been discussing here has been pretty obvious to go short at 1230!

Currently still holding the following puts:

NFLX Oct 240 Puts
CMG Oct 310 Puts
ANF Oct 60 put
GOOG OCT 545 Put

GLTA!
AK84
 
Posts: 572
Joined: Tue Feb 15, 2011 5:09 am

Re: 09/02/2011 Intraday Watering

Postby 99er » Fri Sep 02, 2011 9:15 am

Have you checked the surf report?
Copper http://99ercharts.blogspot.com/2011/09/copper_02.html

Big wave day.
User avatar
99er
 
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm

Re: 09/02/2011 Intraday Watering

Postby 99er » Fri Sep 02, 2011 9:17 am

Honey...should I be afraid?
AUDJPY http://99ercharts.blogspot.com/2011/09/audjpy_02.html

What...risk off?
User avatar
99er
 
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm

Re: 09/02/2011 Intraday Watering

Postby alvian33 » Fri Sep 02, 2011 9:18 am

cobra, how do you take dollar up and gold up?
alvian33
 
Posts: 282
Joined: Thu Mar 10, 2011 10:48 am

Re: 09/02/2011 Intraday Watering

Postby stucap » Fri Sep 02, 2011 9:18 am

stucap wrote:5 min ES chart looks like a bear flag, waiting for the moving averages to catch up. Could be wrong, as it could be some sort of bottoming action. Anyone have thoughts?


i guess i was right....that didn't take long
stucap
 
Posts: 994
Joined: Thu Jul 14, 2011 12:25 pm

Re: 09/02/2011 Intraday Watering

Postby AK84 » Fri Sep 02, 2011 9:18 am

Btw Cobra,

Just wondering how the week after Labor day performed seasonality wise ? Especially Tuesday. Any thoughts ?

Thanks.
AK84
 
Posts: 572
Joined: Tue Feb 15, 2011 5:09 am

Re: 09/02/2011 Intraday Watering

Postby lazytrader » Fri Sep 02, 2011 9:19 am

AK84 wrote:Btw Cobra,

Just wondering how the week after Labor day performed seasonality wise ? Especially Tuesday. Any thoughts ?

Thanks.


Cobra posted a chart yesterday
lazytrader
 
Posts: 46
Joined: Mon Jul 11, 2011 11:31 am

Re: 09/02/2011 Intraday Watering

Postby AK84 » Fri Sep 02, 2011 9:20 am

AK84 wrote:Btw Cobra,

Just wondering how the week after Labor day performed seasonality wise ? Especially Tuesday. Any thoughts ?

Thanks.



Oops. Nevermind. Just remembered u had it on last nights report! Thanks!
AK84
 
Posts: 572
Joined: Tue Feb 15, 2011 5:09 am

Re: 09/02/2011 Intraday Watering

Postby Mongoose » Fri Sep 02, 2011 9:21 am

Cobra, After following your blog for nearly a year, and your most recent Market Outlook, 9/1, is the best I have seen. It is concise, comprehensive and well balanced. I like the TA with the stats. I also like the "if this, then that scenario". The Market Outlook is balanced with market psychology and economic indicators.
Brilliant. Thanks for sharing your insight.
Mongoose
 
Posts: 148
Joined: Sun Aug 28, 2011 4:49 am

Re: 09/02/2011 Intraday Watering

Postby agnosia » Fri Sep 02, 2011 9:22 am

long 1179 stop 1177.75
agnosia
 
Posts: 1491
Joined: Fri Mar 11, 2011 10:59 am

Re: 09/02/2011 Intraday Watering

Postby KENA » Fri Sep 02, 2011 9:23 am

AK84 wrote:Good Morning Cobra and everyone!

Its going to be a great day for all the people short as the action from the last couple of days everyone has been discussing here has been pretty obvious to go short at 1230!

Currently still holding the following puts:

NFLX Oct 240 Puts
CMG Oct 310 Puts
ANF Oct 60 put
GOOG OCT 545 Put

GLTA!


With the after hr. drop on NFLX yesterday you are doing great.
User avatar
KENA
 
Posts: 2995
Joined: Tue Feb 15, 2011 1:54 pm

Re: 09/02/2011 Intraday Watering

Postby jarbo456 » Fri Sep 02, 2011 9:25 am

is TOS showing another phantom bar on spy up to 120.96?
User avatar
jarbo456
 
Posts: 2218
Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY

Re: 09/02/2011 Intraday Watering

Postby KENA » Fri Sep 02, 2011 9:26 am

GM COBRA..That was a very good mkt analysis last night.Thanks much.
User avatar
KENA
 
Posts: 2995
Joined: Tue Feb 15, 2011 1:54 pm

Re: 09/02/2011 Intraday Watering

Postby Ninja Trader » Fri Sep 02, 2011 9:31 am

nice trading AK

sweeet
Ninja Trader
 
Posts: 48
Joined: Wed Aug 03, 2011 10:39 am

Next

Return to Traders Lounge

Who is online

Users browsing this forum: Google Feedfetcher and 8 guests