07/26/2012 Live Update

[fehro]

and another.

[Rezito]

Cobra and everyone on this board,

Thank you for all the info and for keeping a clean board. I don't put up too many comments as I'm at work but definitely read Cobra's market posts and charts in the evenings.

[louie]

Cobra and everyone on this board,

Thank you for all the info and for keeping a clean board. I don't put up too many comments as I'm at work but definitely read Cobra's market posts and charts in the evenings.

Rezito - this is exactly the type of thinking that the Cobra wants. Thanks for expressing it!

[EvilTrader]

Cobra

BULL Flag SPY 5 mins ??

[Al_Dente]

Evidently anything dated yesterday is obsolete, nonetheless, for fund flow watchers:
7/25/12
“Total estimated inflows to long-term mutual funds were $8.01 billion for the week ended … July 18…”
[note the bond fund inflow numbers]
http://www.ici.org/research/stats/flows/flows_07_25_12

[fehro]

http://www.aaii.com/sentimentsurvey/sent_results

[jdow]

QQQ new low of day

[Cobra]

this kind of consolidation usually favors bears.

[TraderGirl]

Dollar via UUP, /DX....UUP sitting on support line, whereas /DX broke through this morning but still sitting above support, tested the 200dma, holding for now...

Al/Cobra, what do you make of the buying volume in /DX....?

[jdow]

QQQ new low of day. Aapl new low of day too

[Petsamo]

CLF reported yesterday after hours. It opened today above yesterday's close. I don't understand why it's down 11%+ intraday.

[Medman]

I went short late yesterday and really got burned--and I feel myself getting sucked in again.

[Out of Bounds]

I think I hear bears eating candy.

[stucap]

I went short late yesterday and really got burned--and I feel myself getting sucked in again.

might be too late to dip your feet in here. already quite a bit off the high. i don't know the odds but the chances we close much more of the gap are probably slim?

[Out of Bounds]

According to my hand drawn chart, the daily rising wedge (bearish) lower line has again been violated.
Sounds so dirty.

[fehro]

speculative at this point.. but a possible invs H&S.. (right shoulder ? wedge retest?) VIX daily

[Al_Dente]

Dollar via UUP, /DX....UUP sitting on support line, whereas /DX broke through this morning but still sitting above support, tested the 200dma, holding for now...
Al/Cobra, what do you make of the buying volume in /DX....?

No clue here… but check this out
DBV in pink is wild too (DBV is 10+1 nations tied to the IMF; global liquidity via bb52x)

[uempel]

You bears need to convince Uempel and his German buddies that Europe is collapsing

Me and my German buddies? Well, I know a German who works for GS and the other German (German? - he's naturalized) is my lawyer. And there is girl from Munich at the local bar

As to trading the DAX: daily and weekly sto look good, and as DAX follows daily sto up it goes for a few days. Note that the deterioration of the € is supportive...

Main advantage of DAX is volatility. Daily swings of three percent are common. And it's more predictable than SPX. Follows TA very nicely - to trade you need a broker with access to Eurex...

I used to be more focussed on ES minis, but at the mom I'm enjoying DAX

[joe-gamma]

Dollar via UUP, /DX....UUP sitting on support line, whereas /DX broke through this morning but still sitting above support, tested the 200dma, holding for now...
Al/Cobra, what do you make of the buying volume in /DX....?

No clue here… but check this out
DBV in pink is wild too (DBV is 10+1 nations tied to the IMF; global liquidity via bb52x)

726dbv.png

Al: thanks for the eye Candy...I am seeing that when DBV tends to lead, there are still afew days of upside?
thx, Joe

[uempel]

I went short late yesterday and really got burned--and I feel myself getting sucked in again.

Stop trading for a few days.