Cobra's Market View

Posted: **Wed Jun 15, 2011 12:58 pm**

Market dangerously close to SMA 200

http://babaro22.blogspot.com/

Posted: **Wed Jun 15, 2011 12:59 pm**

I_Got_Prechterized wrote:where's the guy that was guaranteeing me 110 handles if I went long yesterday?

He left early.

Posted: **Wed Jun 15, 2011 1:04 pm**

bizarre price action from other etfs.
XRT, SMH, IYT, XME have not yet broken monday/friday lows? but SPX has???

Posted: **Wed Jun 15, 2011 1:10 pm**

key here, a H2 needed to signal the rebound isn't over yet.

Posted: **Wed Jun 15, 2011 1:11 pm**

pablorynx wrote:bizarre price action from other etfs.
XRT, SMH, IYT, XME have not yet broken monday/friday lows? but SPX has???

Posted: **Wed Jun 15, 2011 1:13 pm**

too bad, no H2, that was a good L1 short. Purely feelings may not be a good idea to short there I guess.

Posted: **Wed Jun 15, 2011 1:21 pm**

lunch time. will maintain the evil plan, slow down here to touch the previous bear extreme with a little lower low, then chances are high that my plan would work. but if decisively breakdown, then we'll have to wait and see.

Posted: **Wed Jun 15, 2011 1:29 pm**

I'm getting the feeling Friday is going to be lower than today. probably in the morning.

Here is the Fib time zones I was using to peg the low to this week and kept me holding my puts (Just shouldn't have sold in the morning!!!)

Posted: **Wed Jun 15, 2011 1:30 pm**

P3 down appears to be in play. May 2 high still intact. Should breach 1249 on the S&P, shortly.

$ up. Gold down. Oil down. Silver's the only one hanging back a little, still. I expect it to follow shortly. (Long ZSL calls.)

Continued happy trading.

Posted: **Wed Jun 15, 2011 1:31 pm**

downside volume has been much greater than upside. I expect to breach the lows by the end of the day. No catalyst for the markets until earnings reports in July

Posted: **Wed Jun 15, 2011 1:34 pm**

http://www.greedandmoney.com/?p=287

My view about Tick today.

Posted: **Wed Jun 15, 2011 1:35 pm**

So far SPX doesn't want to break DMA 191 (38.2 MA on the weekly is 191 on the daily):

Posted: **Wed Jun 15, 2011 1:39 pm**

Finally...exited my accumulated IWM Jul 80 puts at 2/8 Murrey Math (typical support/reversal level).

Posted: **Wed Jun 15, 2011 1:43 pm**

Anaconda: I see that U R around...Shorting oil?

Posted: **Wed Jun 15, 2011 1:45 pm**

Crude
Worth a second update.
http://99ercharts.blogspot.com/2011/06/crude_5875.html

Posted: **Wed Jun 15, 2011 1:47 pm**

cougar wrote:Anaconda: I see that U R around...Shorting oil?

I am! Oil has been great to trade recently, hasn't it?! Covered half my morning oil short - made my monthly nut...today!

Congrats on the IWM play. (I think we're still in for more down...)

Good luck!

Posted: **Wed Jun 15, 2011 1:48 pm**

99er wrote:Crude
Worth a second update.
http://99ercharts.blogspot.com/2011/06/crude_5875.html

Looks like next stop is 90-92.

Posted: **Wed Jun 15, 2011 1:52 pm**

30-Year
Well, Ben, guess there's always one way to get folks to buy our bonds.
http://99ercharts.blogspot.com/2011/06/30y_15.html

Posted: **Wed Jun 15, 2011 1:54 pm**

HK88: "Looks like next stop is 90-92."

Yup...on our way to $82.

Posted: **Wed Jun 15, 2011 1:55 pm**

I'm BACC, so far maintain my plan.

Cobra's Market View

06/15/2011 Intraday Watering

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