Cobra's Market View

SPX 15m

Hey kids!!! It is the absolute, definite last hour of the trading year.

so here it is........

!!!!!!LAST POWER HOUR OF 2012!!!!!!

Oh yeah. Happy New Year everybody!!!

2013 is going to be an awesome trading year. Big bucks to be made.

From zerohedge... take for what its worth...

•MCCONNELL SAYS AGREEMENT REACHED ON ALL TAX ISSUES
•MCCONNELL SAYS `WE'RE VERY, VERY CLOSE TO AN AGREEMENT'
•MCCONNELL SAYS HE REACHED OUT TO BIDEN TO SOLVE FISCAL CLIFF
•SEN. MCCONNELL SAYS `LET'S PASS THE TAX RELIEF PORTION NOW'

StudentBill wrote:From zerohedge... take for what its worth...

•MCCONNELL SAYS AGREEMENT REACHED ON ALL TAX ISSUES
•MCCONNELL SAYS `WE'RE VERY, VERY CLOSE TO AN AGREEMENT'
•MCCONNELL SAYS HE REACHED OUT TO BIDEN TO SOLVE FISCAL CLIFF
•SEN. MCCONNELL SAYS `LET'S PASS THE TAX RELIEF PORTION NOW'

FWIW, this lat one "Pass tax relief now" is the problem. That's D.C. speak for leave sequester for later.

wayne0708 wrote:5 min target

Hi Wayne0708,

I can't read the target. What is the number on the axis?

ClarkW wrote:Anyone else feeling this late day hope on a deal is setting up for a gapper down Wednesday?

Someone call a top so I can fade this bull.

ClarkW wrote:BB and all. What are your thoughts on the $USD? hour, daily or weekly timeframe.

Looks a little bearish to me

got good divergence here on daily, but 50% retracement is still a big resistance, also well under %B mid line, still too weak.

target reached. should be more.

BullBear52x wrote:

tkvprasad wrote:Paging BB52X

if SPY closes above 141.16 (5 DMA)and histo makes a higher tick on daily chart, can we go long on SPY/SSO ? somehow i have a feeling this seems like a bulltrap (something similar to post May 6th crash we had) and there is more downside left. Suggestion?

Here is a game plan on SSO or SPY same level price.

1.JPG

zoomed out

2.JPG

Thanks BB. Bulls are really chasing, and the elder went into a green bar just few minutes ago (red - green) , i wonder if the bulls let it even drop below 141.94 now. Fun game. high risk going long now

I think oil is a clear breakout now. https://stockcharts.com/public/1684859/ ... /125240869;

Cobra wrote:guys, no fight. you see now I start to remove posts. I'm sick today, so in bad mood, no patience at all, so sorry first, more aggressive action will be taken later, if fights continue. Thanks.

I'm sorry you're sick and I hope you feel better soon!!

Good for you Cobra! I'm glad you're deleting posts! -
No need to wait til you're sick but its a bonus for us quiet people who want the board to be about trading.
Every post deleted is a bonus!!


I hope its a New Years Resolution!! - aw right1

BullBear52x wrote:

ClarkW wrote:BB and all. What are your thoughts on the $USD? hour, daily or weekly timeframe.

Looks a little bearish to me

got good divergence here on daily, but 50% retracement is still a big resistance, also well under %B mid line, still too weak.

BullBear the %B line and CCI means sell all rallies right? So I guess this is a bull trap or?

SPX 15m

BullBear52x wrote:

ClarkW wrote:BB and all. What are your thoughts on the $USD? hour, daily or weekly timeframe.

Looks a little bearish to me

got good divergence here on daily, but 50% retracement is still a big resistance, also well under %B mid line, still too weak.

BullBear the %B line and CCI <0 means sell all rallies right? So I guess this is a bull trap or?

wayne0708 wrote:5 min target

Wayne0708,

Wanted to come back to tell you that your chart helped me on a trade; booked $720 in profit on XIV long today as I went long on XIV after seeing your chart. Thanks for the chart today.

ClarkW wrote:Anyone else feeling this late day hope on a deal is setting up for a gapper down Wednesday?

The best chance of a gap down is a finish at the highs

Don;t tell me there is going to be a selloff to the close?