Cobra's Market View

Just a reminder, it's FRIDAY! FRIDAY

I SPY with my Lasik eye:

Did you guys hear the crazy story about UBS trying to buy FB on day one, and not getting any confirmation from Nasdaq?.

So they kept on pressing the buy button - 1 million shares each time. But they only wanted 1 million shares, and suddenly they had confirmation for xx million shares. Apparently UBS losses so far are 350 million. So they must have pressed the buy button about 20 times

MrMiyagi wrote:I SPY with my Lasik eye:

there's two, crazy spikes.

Petsamo wrote:

TraderGirl wrote:EWZ and FXI look like they need another leg down as well....

EWZ is very oversold relative to FXI & IWM. It may turn strong at anytime.

It could break out and invalidate this pattern of course...

uempel wrote:Did you guys hear the crazy story about UBS trying to buy FB on day one, and not getting any confirmation from Nasdaq?.

So they kept on pressing the buy button - 1 million shares each time. But they only wanted 1 million shares, and suddenly they had confirmation for xx million shares. Apparently UBS losses so far are 350 million. So they must have pressed the buy button about 20 times

I just heard that...who was in charge of pressing that button!! don't you know you only press once!!

Cobra, what is your view on gold? The breakout several days ago is real or not? Thanks!!!

USO has excitement

Cobra wrote:rebound from EMA20, still bullish biased.

such steep support line gotta be broken sooner or later.

And then there were three;

trendline.. beware of a break of the lower line

okay: beating a dead horse here….volume [kool aid]
look ONLY AT THE CHART ON THE BOTTOM PANEL, called the “top finder”
see what happens the day(s) after there is no buy volume follow-through (red arrows, bottom panel)

Breaking out for third leg ?????

uempel wrote:Did you guys hear the crazy story about UBS trying to buy FB on day one, and not getting any confirmation from Nasdaq?.

So they kept on pressing the buy button - 1 million shares each time. But they only wanted 1 million shares, and suddenly they had confirmation for xx million shares. Apparently UBS losses so far are 350 million. So they must have pressed the buy button about 20 times

Ouch! Here's a link to a story about UBS and Citigroup's losses on FB.

http://www.marketwatch.com/story/ubs-ci ... 2012-05-25

The Zuckerberg jokes are pretty funny....FB buyers are zuckers. Internet stocks got zucked.

TraderGirl wrote:

Petsamo wrote:

TraderGirl wrote:EWZ and FXI look like they need another leg down as well....

EWZ is very oversold relative to FXI & IWM. It may turn strong at anytime.

It could break out and invalidate this pattern of course...

TG: I realize that we recently had a full moon, so very bullish phase now based strictly on lunar but I was
wondering if you are seeing any possible astrological turns coming up soon?

USO has a nice rally as if there were news

Too boring, I'm off. Have a great weekend

PS: looks like last signal was a dud

Petsamo wrote:USO has a nice rally as if there were news

if it can hold this rally, the daily chart actually looks much better

I am going for a walk too.

chickencoop wrote:

Petsamo wrote:USO has a nice rally as if there were news

if it can hold this rally, the daily chart actually looks much better

a double bottom