Cobra's Market View

Nat Gas/UNG continues it's slow and steady decline. I'm short via KOLD but contemplating buying a hedge for tomorrow or selling. Positive D hasn't materialized yet but that along with perceived support here soon has me worried

Anyone have any thoughts on Nat Gas?

If we finish at the highs, anyone gonna place bets on a gap down ?

Petsamo wrote:If we finish at the highs, anyone gonna place bets on a gap down ?

Not sure, was today's Job Report shimsham the real one or do they release it "Officially" tomorrow?

I may.

Petsamo wrote:If we finish at the highs, anyone gonna place bets on a gap down ?

VIX getting crushed... again..
One of these days, the little guy mom & pop investor is going to end up holding the bag. A bag full of bearshit.

Smoking Squid. Are you going short?

Jack12 wrote:

MrMiyagi wrote:Buy it up they did.... hmmmmm...
Preparing for Hour of Power they are..

sitting on a razors edge, waiting for a nudge either way (im bear) and then we got a ding, ding

You mean shit from bears when they really got crushed?

MrMiyagi wrote:VIX getting crushed... again..
One of these days, the little guy mom & pop investor is going to end up holding the bag. A bag full of bearshit.

Me XMan wrote:You mean shit from bears when they really got crushed?

Exactly.

Are you seeing inverted H&S on SPY 1min?
If bulls break $143 then bears better run real fast.
SPY may go $144.5 from neckline?

It appears that selling volume has dried up a bit in aapl
but bulls need to see some buying volume there, already

Cobra what do you think of this repetition with SPX, (see attached chart. spx-110112.png). Rebound likely to fail with a KaBoom?

Me XMan wrote:Smoking Squid. Are you going short?

Jack12 wrote:

MrMiyagi wrote:Buy it up they did.... hmmmmm...
Preparing for Hour of Power they are..

sitting on a razors edge, waiting for a nudge either way (im bear) and then we got a ding, ding

NO, but I think we may go test the low again, at the moment neutral

trade2gain wrote:

spx-110112.gif

Cobra what do you think of this repetition with SPX, (see attached chart. spx-110112.png). Rebound likely to fail with a KaBoom?

50%

OOOOHHHH...that's a very nice chart...very convincing.

trade2gain wrote:

spx-110112.gif

Cobra what do you think of this repetition with SPX, (see attached chart. spx-110112.png). Rebound likely to fail with a KaBoom?

ClarkW wrote:Nat Gas/UNG continues it's slow and steady decline. I'm short via KOLD but contemplating buying a hedge for tomorrow or selling. Positive D hasn't materialized yet but that along with perceived support here soon has me worried

Anyone have any thoughts on Nat Gas?

Looks like a decending triangle. I am a buyer if it can break out of it to the upside and a seller on the downside.

Robots activated - sell progrm

MrMiyagi wrote:

Petsamo wrote:If we finish at the highs, anyone gonna place bets on a gap down ?

Not sure, was today's Job Report shimsham the real one or do they release it "Officially" tomorrow?

I think with this job #'s we should see at least 50% Fibonacci before move down...

challenge the day high indeed. I don't like this bear bar, hopefully it's just false alarm.

today’s honey badger
XIV
these things don't go straight up, do they?
I see 6-7 hourly green bars
[edit: resistance 17.50....support 16.79]

SB73 wrote:

ClarkW wrote:Nat Gas/UNG continues it's slow and steady decline. I'm short via KOLD but contemplating buying a hedge for tomorrow or selling. Positive D hasn't materialized yet but that along with perceived support here soon has me worried

Anyone have any thoughts on Nat Gas?

Looks like a decending triangle. I am a buyer if it can break out of it to the upside and a seller on the downside.

I'm worried about it breaking out as well....worried it'll break with a gap up. Thanks SB73!