Back to www.cobrasmarketview.com |
The one mistake I made I stop hedging the last two days. I am still holding on TZA and seeing no turn sign either. tonight I will buy TNA to hedge if IWM close above 200ma.Apple wrote:I'm seeing more upside to the RUT. TNA probably has another day or so to go.seekingknowledge wrote:Went short with TZA at 38.38. Holding breath.BullBear52x wrote:There were 11 bears shorting at average of 119ish yesterday alone. today couple shorting at 121ish.heavenskrow wrote:Man I wonder how many bears are licking their wounds still.
Been holding TMV from last week's bear trap, and its paying off very nice.
I hate to rub it in, but damn I LOVE when good analysis works.
the rest in hibernation.
depends if sharply or just slow move below.ramram wrote:Cobra - what would it mean technically if SPY moves below the 121.5?
Yes I have been long on TMV and it is up an average of 22% for me in just a little over a week. So, yes I want to maximize gain, but I don't want to give too much back to the House either. I figure TMV plunges when everyone decides that the world is ending and they have to get out of stocks and into bonds.heavenskrow wrote:hey ur the one that has been long with me on TMV right?PhilM wrote:Do you think now is time to move out of TMV?heavenskrow wrote:also have you seen the 2 year treasuries chart??? That shit is a massive short chart. I also dont want to be long equities because we still look very bearish on daily charts for SP500.... All I knew is that the bonds looked very toppy.
I would say be patient for a daily buy signal on TLT or 30 year treasuries...with the stochastic momentum index...
We have to maximize our winners right??
Also on the 30 year treasuries chart, 136.18 area might be an area to take our profits....
PM me ur email, or write a comment on the blog so i can update u when i sell.
Nice I am up 27% currently on it. I of course am thinking just like you and know there will come a time to sell...PhilM wrote:Yes I have been long on TMV and it is up an average of 22% for me in just a little over a week. So, yes I want to maximize gain, but I don't want to give too much back to the House either. I figure TMV plunges when everyone decides that the world is ending and they have to get out of stocks and into bonds.heavenskrow wrote:hey ur the one that has been long with me on TMV right?PhilM wrote:Do you think now is time to move out of TMV?heavenskrow wrote:also have you seen the 2 year treasuries chart??? That shit is a massive short chart. I also dont want to be long equities because we still look very bearish on daily charts for SP500.... All I knew is that the bonds looked very toppy.
I would say be patient for a daily buy signal on TLT or 30 year treasuries...with the stochastic momentum index...
We have to maximize our winners right??
Also on the 30 year treasuries chart, 136.18 area might be an area to take our profits....
PM me ur email, or write a comment on the blog so i can update u when i sell.
My e-mail is: pmacdonnell@cox.net. I enjoy your comments on this blog.
When I short IWM, I always buy some 2-3 month calls to hedge. I agree with seekingknowledge that RUT may have another 1-2 days to go. Good luck!BullBear52x wrote:The one mistake I made I stop hedging the last two days. I am still holding on TZA and seeing no turn sign either. tonight I will buy TNA to hedge if IWM close above 200ma.Apple wrote:I'm seeing more upside to the RUT. TNA probably has another day or so to go.seekingknowledge wrote:Went short with TZA at 38.38. Holding breath.BullBear52x wrote:There were 11 bears shorting at average of 119ish yesterday alone. today couple shorting at 121ish.heavenskrow wrote:Man I wonder how many bears are licking their wounds still.
Been holding TMV from last week's bear trap, and its paying off very nice.
I hate to rub it in, but damn I LOVE when good analysis works.
the rest in hibernation.
ouch.Cobra wrote:don't forget the resistance on the little bit big picture.
Does your intraday analysis work on currency charts?Cobra wrote:not good looking bars under resistance, but let's wait for a few bars.
It's hard to make any promising trades when all the action is before the market opens.frankthetank wrote:Cocaine would be dreamy compared to be run over by a bull. Im bullish but this move is not realistic. 300 points from last night. without any type of real retracement
I think too many bears use margin balance to go short, buy put, what not. this is good time for the brokerage house to clean these people out.frankthetank wrote:Cocaine would be dreamy compared to be run over by a bull. Im bullish but this move is not realistic. 300 points from last night. without any type of real retracement
when has that ever stopped this market? we gap and crap all the time. smart guys have been accumulating these past two months i guess and it looks like they want to take it higher. is it justifiable ? doesn't matter- this is just a game to most and right now it's to squeeze shorts until they capitulate IMO.frankthetank wrote:Cocaine would be dreamy compared to be run over by a bull. Im bullish but this move is not realistic. 300 points from last night. without any type of real retracement