Cobra's Market View

First of all, that $10 per month deal for my daily report subscription at http://www.cobrasmarketview.com will expire on Sunday Jan 15 and will never be available again, so if you haven't made up your mind, it's the time now.


Gap down but within yesterday's range so chances are the gap will be filled.

The Global ES finally looks a little promising for bears because the 2nd attempt on the high was failed overnight. Now the key is the blue line below, bears must decisively breakout below it. Let's see.

Hi Cobra, do you think fresh EURUSD low is possible today?

if we dont close gap, SPX will have a very nice island reversal, mixed with a turn in the stochs, and it is on, for weeks, not days...

Good Morning.

So honey...is Europe breaking apart?

http://99ercharts.blogspot.com/2012/01/scotland.html

Dunno. But the UK might.

TGIF and GLTA.

Good morning, Cobra!

Something about UPRO: The latest 4 high spikes (red circles) were all either in pre-market during the first hour of regular trading ..and followed by corrections.
It looks like Da Boys arte trying to tell the bernank: “Look, we are doing our best to lift it by night with cheap bogus futures trades, but we need more money, because the hedgies and the retailers sell into our up moves….We need help! QE, QE, QE!!!”

So whatcha wanna do this weekend?

ES http://99ercharts.blogspot.com/2012/01/es_13.html

How about skiing some Diamond Tops?

Germany on Edge?

http://www.atruecontrarian.com/2012/01/ ... -edge.html

PC Sales Slowing

http://www.atruecontrarian.com/2012/01/ ... owing.html

Technical Analysis, January 13, 2012 – Nasdaq 100

http://www.atruecontrarian.com/2012/01/ ... -2012.html

GLD update: yesterday it reached a previously proposed target, at a confluence of Fan line, upper Acceleration Band and MAT(42).
Yesterday was also the 89 d extension from the all-time high on 09/06/2012.

I am out of GLD and gold-diggers longs…and ready to short for a swing.

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However…this is not a suggestion to follow what I am doing…It’s only entertainment.

Good morning boardies:

New short interest stats from the NYSE.
http://online.wsj.com/mdc/public/page/2 ... tml#shortD

Bears have covered approximately one billion shares since the last report two weeks ago.
Also, according to zh, the QQQ shorts have have covered enough to drop the short interest -43% “…to levels not seen since January 2001 (11 years!)…”

Yesterday on close, unexpectedly, my order to buy VIX Feb 25 C filled, as VIX was touching again the bottom of the Acceleration Band…
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Friday before MLK, in my memory, is connected with a down draft…but I do not have any statistical data on that…

No real economic news scheduled for Monday (1-16-2012)
No earnings report from a major company for Monday

We'll see how strong the bull's faith is today..or do they take their profits and rest?

proteus46 wrote:No real economic news scheduled for Monday (1-16-2012)
No earnings report from a major company for Monday

We'll see how strong the bull's faith is today..or do they take their profits and rest?

Monday is holiday buddy.

the open.

noob wrote:

proteus46 wrote:No real economic news scheduled for Monday (1-16-2012)
No earnings report from a major company for Monday

We'll see how strong the bull's faith is today..or do they take their profits and rest?

Monday is holiday buddy.

Thanks, thought about it after I posted.

Cobra wrote:the open.

Overstretched? Rebound? I sense Cobra will short today

Update

SPX http://99ercharts.blogspot.com/2012/01/spx_13.html

Downhill anyone?

key time. let's see if once again bulls step in buying this dip.

Volatility charts:

http://stockcharts.com/h-sc/ui?s=$VIX&p ... =252313790

Cobra wrote:key time. let's see if once again bulls step in buying this dip.

A break below 128.25 and its over for bulls? I did a front run yesterday with SDS already sold this morn, Maybe looking to by this dip, Friday 13th has a positive bias

TRIN
http://stockcharts.com/h-sc/ui?s=$TRIN& ... listNum=15