Cobra's Market View

Anyone else find it odd SLV is +2.15% while GLD is +.33%. I know they vary but that seems more than usual using the 'ol eyeball test

uempel wrote:Update:

444.png

Great chart as always Uempel!

Dollar
Dome in a dome?
Target on the smaller dome is met, volume surge … double bottom …may need to bounce (? not sure)
Where’s Kena?

jarbo456 wrote:now i can get on board with having a small position ARR - although my average price basis is $6

I figured you'd say something I can't verify.

jarbo456 wrote:ARR also pays dividends monthly - much more appealing that the quarterly or yearly dividend payment schedule of most companies.

ARR pays dividends and PHK pays distributions ?

double top.

Chart from @Gann360

Royal Flush wrote:

TraderGirl wrote:Selling my UDOW here $57, bot $50...Was going to hold until end of year, as i still think we get another push up...but don't want to have to think about it during holidays...we may get a pullback during Christmas instead of a rally, so I'm takin' my profits...may lose out on some or make some more on a pullback...??

Nice trade TG, BTW I have a high on the 19th, does that fit in with your map at all

??DK what day it will be....originally thought it would be the 7th...but Monday's price action did not indicate the 7th was a high, so if I shift my chart and we see a high around mid December we may be down into around Christmas...

VIX is setting up a triangle..RSI high low on lower low...so watching this..

Bond ratios = bullish equities for the short and intermediate term (NOT intraday)

ClarkW wrote:Anyone else find it odd SLV is +2.15% while GLD is +.33%. I know they vary but that seems more than usual using the 'ol eyeball test

Merriman has a reversal and big range day on the 17th...I thought this would be a negative move...possibly negative for the markets too...??

Update:

ClarkW wrote:Chart from @Gann360

IMO NO... The low will not hold. The last piece of good news coming is we agree! On the Cliff... Sell that pop to claim the top!!

FAS...Not saying this is permanent resistance and it can't break through at some point, but here we are again at resistance at the downtrend line...attempted to break resistance, but now sitting below again...

TraderGirl wrote:

ClarkW wrote:Anyone else find it odd SLV is +2.15% while GLD is +.33%. I know they vary but that seems more than usual using the 'ol eyeball test

Merriman has a reversal and big range day on the 17th...I thought this would be a negative move...possibly negative for the markets too...??

I have the 17th as a bottom for the ES if that helps

GDX bounced off double bottom and is now at 200ma resistance
May have enough uuuumph to get up to 38% fib retracement, resistance
Bullish percent (EOD) should tell us if/when the bounce turns into a trend change
Until then, the main trend is still down, the bounce is counter-trend, and the dome is still operable…

Tim the Sloper, master chartist...on Q's...

Petsamo wrote:

jarbo456 wrote:now i can get on board with having a small position ARR - although my average price basis is $6

I figured you'd say something I can't verify.

jarbo456 wrote:ARR also pays dividends monthly - much more appealing that the quarterly or yearly dividend payment schedule of most companies.

ARR pays dividends and PHK pays distributions ?

haha

petsamo, i have nothing to prove to you my red blooded republican dilettante. i suggested ARR a LONG time ago when you were spewing and actually giving advice to someone about how "PHK was a MUCH better alternative to TLT" (the logic of that confounds me even now).

dividend/distribution...hardly the main point of what i wrote before, but of course you focus on the one item.

i'm not sure if you're some kind of malcontent troll sitting at home and posting totally frivolous and unsupported market opinion and/or volatile conservative scuttlebutt hoping for attention or simply finding verification in reading your own nonsense, but when i call you out on a factual basis (your view on PHK has NO edge), there's no need to try and play the "who's got a bigger club" game. you will surely lose my friend. it's obvious to anyone who's traded/invested for any period of time that your contributions are fluff and doomed to failure, even if you have/had a few short term successes/gains here and there out of pure luck. your short term "trading" of high dividend/distribution securities (unless via a more complex dividend capture strategy) makes little sense or logic, your gap up/down "spreadsheet" predictor, and your effort to glean predictive/actionable ideas by following MSCI world index ETF's is questionable at the least, not to mention highly unscientific or provable.

i do not mean to be too harsh, but the reality is that you concoct methodology and post babble that makes little sense and, quite frankly, detracts from some of the more pertinent and insightful posts. do as you will, but i don't regret calling you out on your lack of substantive insight.

good luck, and good day. i should have put you on ignore a LONG time ago as your posts are a waste of scroll effort.

flrtrader wrote:

TraderGirl wrote:

ClarkW wrote:Anyone else find it odd SLV is +2.15% while GLD is +.33%. I know they vary but that seems more than usual using the 'ol eyeball test

Merriman has a reversal and big range day on the 17th...I thought this would be a negative move...possibly negative for the markets too...??

I have the 17th as a bottom for the ES if that helps

Well, the 20th has some negative aspects...and Obama's 21st deadline is coming so...can't say I'm confident that the 17th will be a low, but let's see how things play out..

Al_Dente wrote:GDX bounced off double bottom and is now at 200ma resistance
May have enough uuuumph to get up to 38% fib retracement, resistance
Bullish percent (EOD) should tell us if/when the bounce turns into a trend change
Until then, the main trend is still down, the bounce is counter-trend, and the dome is still operable…

1212gdx.png

Nice chart Al...is there a similar chart for XLF?

PAGING MR.MIYAGI
Could you please call the hour with a HIGH degree of certainty today
thanks

TraderGirl wrote:Tim the Sloper, master chartist...on Q's...

slope of dope?