Cobra's Market View

Posted: **Fri Dec 23, 2011 4:59 pm**

Took me out like a cheap suit...damn it!

Mr. T wrote:Anyone holding for the long weekend?

Santa rally priced in already?

I'm out - thanks for the cash!

Posted: **Fri Dec 23, 2011 5:00 pm**

BullTart wrote:
heavenskrow wrote:bulltart u going to hold TVIX into the close?
Im wishy washy.....
Yes, will hold- the structure terms and skew are pointing to limited downside, so worth the risk, even if SPX goes up like today.

We had a 10+ SPX handle day, and TVIX is up 4.6%.

SPX up, TVIX up. SPX down, TVIX up.

Can't say no to that until it stops working.

true....i just dont like the price action in bonds...for the full TVIX position...so im cutting my risk by half.

Posted: **Fri Dec 23, 2011 5:00 pm**

Ouch...Motherf**king Donner and Blitzen! (Santa's reindeer are having their way with me, today.

)

All I can say is, thank God for those SDS Jan 18 puts I bought at the beginning of the month to take some of the edge off... in case...

Posted: **Fri Dec 23, 2011 5:01 pm**

No bets here, glad I got stopped out on the open. Everyone piles in long, no thanks.

Enjoy your holidays.

Thanks for the insights everyone

Posted: **Fri Dec 23, 2011 5:02 pm**

chocobee wrote:
Al_Dente wrote:
mozart wrote:
Al_Dente wrote:Note TWO more one minute volume bars, totaling 5 million shares, 2 minutes
Something is about to hit the fan …….IMHO, Kool-Aid, WDIK etc
Looks like buying to me?
OY OY OY (you are good)...The old double top, screw the internals trick, Merry Xmas market....sheeeeeesh
...Dr. Al, you are good! Thanks for warning - I could have lost my shirt Merry X mas!

Sure I/everybody saw the fan, but internals and moi were absolutely BLOWN AWAY on the DIRECTION
Happy Holidays to u

Posted: **Fri Dec 23, 2011 5:03 pm**

Well, that's it for today. very strong close. Thank you guys I'll see you the next Tuesday. Merry Christmas and Happy New Year!

Posted: **Fri Dec 23, 2011 5:03 pm**

Cobra, are going to make market outlook tonight?

Posted: **Fri Dec 23, 2011 5:08 pm**

gabor wrote:Cobra, are going to make market outlook tonight?

Not tonight but sure there'll one in the weekend.

Posted: **Fri Dec 23, 2011 5:18 pm**

heavenskrow wrote:
BullTart wrote:
heavenskrow wrote:bulltart u going to hold TVIX into the close?
Im wishy washy.....
Yes, will hold- the structure terms and skew are pointing to limited downside, so worth the risk, even if SPX goes up like today.

We had a 10+ SPX handle day, and TVIX is up 4.6%.

SPX up, TVIX up. SPX down, TVIX up.

Can't say no to that until it stops working.
true....i just dont like the price action in bonds...for the full TVIX position...so im cutting my risk by half.

Key part in trading is managing position size, so that is key. I'm also not in "full" mode with TVIX. Waiting for further confirmation before going there.

Merry Xmas peeps!

Posted: **Fri Dec 23, 2011 5:25 pm**

Thanks to Cobra and all, Merry Christmas!

Posted: **Fri Dec 23, 2011 5:30 pm**

Merry Christmas and Happy Holiday to all!!!!!

Posted: **Fri Dec 23, 2011 5:42 pm**

heavenskrow wrote:
BullTart wrote:
heavenskrow wrote:bulltart u going to hold TVIX into the close?
Im wishy washy.....
Yes, will hold- the structure terms and skew are pointing to limited downside, so worth the risk, even if SPX goes up like today.

We had a 10+ SPX handle day, and TVIX is up 4.6%.

SPX up, TVIX up. SPX down, TVIX up.

Can't say no to that until it stops working.
true....i just dont like the price action in bonds...for the full TVIX position...so im cutting my risk by half.

Looks like someone is taking a profit on bonds and buying financials - year end portpolio reallocation/window dressing? Strengh in financias for the last two days has been amazing as well as money flow...

Posted: **Fri Dec 23, 2011 6:04 pm**

This is a better link....it may have all of the pages

http://books.google.com/books?id=1eRcta ... ir&f=false

Posted: **Sat Dec 24, 2011 3:34 am**

I have a cycle turn date 23rd Dec, but could have a spillover high on 27th Dec. In all, my guess is that a high is near and we will generally be weak moving towards 1st week of Jan.

http://timeandspiral.blogspot.com/

Posted: **Wed Dec 28, 2011 10:25 am**

Good morning!
GLD: after a short-lived correction, GLD is back in jail, doing time under the Acceleration Band, on daily and under MAW(55) on 60 min.

Posted: **Wed Dec 28, 2011 10:26 am**

RIGHT NOW: watch the US$ going up!!!!

Posted: **Wed Dec 28, 2011 10:27 am**

...and gold down....

Posted: **Thu Dec 29, 2011 12:20 pm**

Cobra wrote:DAX looks toppy. No one cares?

Doesn't look toppy to me, looks like at the tip of a symmetric triangle. Like gold was 2 weeks ago.

Cobra's Market View

12/23/2011 Intraday Watering

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