Cobra's Market View

soku wrote:kena, can i borrow your charts from this morning? i have already answered for you. if your answer is not the same, you need to provide written attest. make it at least 15 pages.

Yes you can have them ..been gone for a time,sorry foe late reply

SPX trades sideways to up while XIV forms a triangle...

We need to turn down soon to validate this pattern...

Also the vixie triplets are trying to start something

Mr. Market has mercy with Cobra

ZimZeb wrote:Ever feel like it's a giant video game?

spx062712bf.png

Ahhhh, a nice chart

Unique wrote:

ClarkW wrote:Still long ERX (not a recommendation). This move continues to mirror beginning of June. Appears to be fighting the 50% level right now. Will likely be out by the end of the day.

Almost 1/5 of ERX is XOM+CVX.

I didn't know that Unique, thanks! I'm completely out now, this market market makes me nervous and the 50sma on 60 min. is providing some resistance for XLE. Locking in 5.5% for 2 day holding so I can continue to play

ZimZeb wrote:Ever feel like it's a giant video game?

spx062712bf.png

i still play coleco vision
Spy hunter



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I am here: http://tapatalk.com/map.php?gko11p

Mr. BachNut wrote:

uempel wrote:So far it's a dud

7.png

Interestingly, long bond (TLT) sold off near the appointed time without an inverse response from stocks.

SPX was slow to follow, like some adolescent kid

smell like a bat?
chart later

We just got a preview of the EU summit from Merkel and Hollande at 1:15. Hollande said there has been progress on growth measures. Merkel said she see growth pact being approved at summit. That's it. Nada, zilch, zero.

VXX fresh squeeze hi



PAGING ISABELANA
jajaja
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For “Technical Analysis” purposes only

(Oh relax boardies… I’m just joking……. see ……. right there ……….. joking…….. )

soku wrote:arna approved!

what's the price target? Thanks

A little short EEM, just bought some EDZ. Confluence of fib levels just above for EEM. (NOT A RECOMMENDATION)

support on green channel?

Got to go again..This time the rest of the day..GTTA.

I am out maybe too early but who knows....watch gold

chickencoop wrote:

soku wrote:arna approved!

what's the price target? Thanks

13-14 maybe? not sure. resume trading at 1:45. will see

edit at 1:45: bingo 13.5 initial. my guess is not too bad

Can't say I know where we are headed from here...charts point down, astro's negative...but window dressing, EU summit??? who knows what could happen...

But if we head down from here, looks like we could be forming H&S...?? But that could be too easy...

There is a second signal due some minutes past 2:00 p.m. This one might have more clout than the previous one

Daily chart....