Back to www.cobrasmarketview.com

12/05/2011 Intraday Watering

Post Reply
User avatar
Cobra
Site Admin
Posts: 58337
Joined: Sat Feb 12, 2011 10:29 pm

12/05/2011 Intraday Watering

Post by Cobra »

Gap up along the Friday's high, so not sure if the gap will be filled or not. Key time, because it can be seen as the revisit of the previous high therefore 50 to 50 chances of reversal here. Bears need pray for no decisive breakout.

From the Global ES though, this look like a consolidation before a breakout and this is why I said bears need pray here. Well, let's see.
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
jynmax
Posts: 52
Joined: Mon May 02, 2011 3:00 pm

Re: 12/05/2011 Intraday Watering

Post by jynmax »

GM,COBRA.
i think this orange line will be visited.
Attachments
spy20111205.jpg
User avatar
Seawaves
Posts: 57
Joined: Sun Oct 09, 2011 10:16 pm

Re: 12/05/2011 Intraday Watering

Post by Seawaves »

GM, Cobra!
Sank1
Posts: 6
Joined: Wed Oct 26, 2011 4:11 pm

Re: 12/05/2011 Intraday Watering

Post by Sank1 »

Good morning,

I'm short some contracts of /ESZ1. If I want to maintain my short position and want to "roll over" to the March '12 contracts, should I just close out my current position and open new positions in /ESH2?

Thanks.
User avatar
Seawaves
Posts: 57
Joined: Sun Oct 09, 2011 10:16 pm

Re: 12/05/2011 Intraday Watering

Post by Seawaves »

Dax may offer some clues for today.
ES might still need some retracement to fill the gap and then move up for 1270 trendline.
Attachments
2011-12-05_dax.png
uempel
Posts: 8685
Joined: Tue Feb 15, 2011 6:38 am

Re: 12/05/2011 Intraday Watering

Post by uempel »

Sank1 wrote:Good morning,

I'm short some contracts of /ESZ1. If I want to maintain my short position and want to "roll over" to the March '12 contracts, should I just close out my current position and open new positions in /ESH2?

Thanks.
We all tend to do it on Wednesday/Thursday 7th/8th, prices tend to be skewed afterwards.
Last edited by uempel on Mon Dec 05, 2011 10:23 am, edited 1 time in total.
User avatar
Petsamo
Posts: 3339
Joined: Thu Jun 30, 2011 2:22 pm

Re: 12/05/2011 Intraday Watering

Post by Petsamo »

The DAX does not have a higher high on the daily. It would suck if we rally to give them that higher high. The Nikkei & India rallied a little from their open. The Hang Seng dropped a little.
Twitter @jackwag0n
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 12/05/2011 Intraday Watering

Post by BullBear52x »

GM,
/ES DB tops. watch RSI like a hawk here.
Attachments
spy.JPG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 12/05/2011 Intraday Watering

Post by BullBear52x »

Sell DB tops
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Cobra
Site Admin
Posts: 58337
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/05/2011 Intraday Watering

Post by Cobra »

the open, way too stretched so should be a pullback of some kind first the we'll see.
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.
Sank1
Posts: 6
Joined: Wed Oct 26, 2011 4:11 pm

Re: 12/05/2011 Intraday Watering

Post by Sank1 »

uempel wrote:
Sank1 wrote:Good morning,

I'm short some contracts of /ESZ1. If I want to maintain my short position and want to "roll over" to the March '12 contracts, should I just close out my current position and open new positions in /ESH2?

Thanks.
We all tend to do it on Wednesday/Thursday 7th/8th, prices tend to be skewed afterwards.
Thanks, uempel.
jaijailyc
Posts: 141
Joined: Sat Aug 06, 2011 5:33 pm

Re: 12/05/2011 Intraday Watering

Post by jaijailyc »

GOT STOPPED OUT OF MY TZA FROM FRIDAY.
michelangelo
Posts: 72
Joined: Thu Oct 13, 2011 1:59 pm

Re: 12/05/2011 Intraday Watering

Post by michelangelo »

Anyone here follow $WTIC and have an opinion? We're over 102 now.
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 12/05/2011 Intraday Watering

Post by BullBear52x »

jaijailyc wrote:GOT STOPPED OUT OF MY TZA FROM FRIDAY.
I still have EDZ end of day will decide but for now short on. :D
My comments are for entertainment/educational purpose only. NOT a trade advice.
jaijailyc
Posts: 141
Joined: Sat Aug 06, 2011 5:33 pm

Re: 12/05/2011 Intraday Watering

Post by jaijailyc »

BullBear52x wrote:
jaijailyc wrote:GOT STOPPED OUT OF MY TZA FROM FRIDAY.
I still have EDZ end of day will decide but for now short on. :D
I am looking for a re entry ... I was sad to see it stopped out but oh wells. Almost wanted to cancel the stop order.
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 12/05/2011 Intraday Watering

Post by BullBear52x »

jaijailyc wrote:
BullBear52x wrote:
jaijailyc wrote:GOT STOPPED OUT OF MY TZA FROM FRIDAY.
I still have EDZ end of day will decide but for now short on. :D
I am looking for a re entry ... I was sad to see it stopped out but oh wells. Almost wanted to cancel the stop order.
I am not bearish, this is daytrade. my yellow zone top range so sell first ask later.
Attachments
spy.JPG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
jarbo456
Posts: 2218
Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY

Re: 12/05/2011 Intraday Watering

Post by jarbo456 »

just as a follow up. i'm out of my long /CL trade, my long Eur/USD trade, and my long USO trade as of this morning. oil looks to be cresting, and either we'll have a decisive break above 103, or else we will have put in a double top. for now, i will wait to see what the market decides.

as i said on cobra's board earlier, it's too bad that i put in a short SPY position. i was regretting it over the weekend, and certainly regretting it this morning.
SB73
Posts: 1265
Joined: Wed Sep 14, 2011 12:20 pm

Re: 12/05/2011 Intraday Watering

Post by SB73 »

Working on the 4th monster gap in last 6 sessions (5 out of 6 gaps higher). Consider this, last week the SPY gained $8.52 of which $7.99 happened on the gap or 94% of all gains were done in the pre market. Goold luck to all. I shorted the open, expecting at least a partial gap fill. Just playing small dollars though.
jaijailyc
Posts: 141
Joined: Sat Aug 06, 2011 5:33 pm

Re: 12/05/2011 Intraday Watering

Post by jaijailyc »

BullBear52x wrote:
jaijailyc wrote:
BullBear52x wrote:
jaijailyc wrote:GOT STOPPED OUT OF MY TZA FROM FRIDAY.
I still have EDZ end of day will decide but for now short on. :D
I am looking for a re entry ... I was sad to see it stopped out but oh wells. Almost wanted to cancel the stop order.
I am not bearish, this is daytrade. my yellow zone top range so sell first ask later.
I am only bullish for the month but feel a need for a little pullback. Maybe I should just wait for JBTFD
User avatar
jarbo456
Posts: 2218
Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY

Re: 12/05/2011 Intraday Watering

Post by jarbo456 »

SB73 wrote:Working on the 4th monster gap in last 6 sessions (5 out of 6 gaps higher). Consider this, last week the SPY gained $8.52 of which $7.99 happened on the gap or 94% of all gains were done in the pre market. Goold luck to all. I shorted the open, expecting at least a partial gap fill. Just playing small dollars though.
i think SPY will have to come down to around 126 before bears can possibly hope for a gap fill. right now it's flirting with Friday's high's at 126.50.
Post Reply