Cobra's Market View

seeyou wrote:may aapl..

730$? that's quite OTM..

volume surge, so rebound here. the bias is still up, tinted area is the possible target, not sure.

Nokia could start picling away at the iphone and Android regaining its market share.

Nokia‘s (NOK) “Lumia 900,” the smartphone developed with Microsoft (MSFT), and which went on sale a few weeks ago exclusively at AT&T (T), is “selling at a run rate in excess of 1 million units for Q2, 2012,” writes Jamie Townsend with Town Hall Investment Research today in a note to clients.

That’s a good thing, he writes.

“In our view, this would significantly exceed AT&T’s and street estimates for the 900 and indicate that the Nokia/Microsoft alliance is showing early signs of success.”

Writing that Lumia’s “share momentum” will be “a very gradual progress at best,” and that Nokia’s Q1 report last week showed “very little in the way of encouragement that the company is on the verge of a recovery,” nevertheless, Townsend is sticking by a Buy recommendation he assigned on March 30th.

http://blogs.barrons.com/techtraderdail ... town-hall/

Target may not reach today Cobra, I think because of AAPL earning after bell and FOMC is tomorrow
gotta save some action for tomorrow then fail after announcement to be in line with your evil plan, correct
which is any rebound will fail?

POWER HOUR is flatline hour today.

Cobra wrote:volume surge, so rebound here. the bias is still up, tinted area is the possible target, not sure.

Hi Cobra,
In bigger picture, can we view today's drop as a bull flag?

Treasuries, TMV could be bottoming here, been trading in a range...TMF tried to break out, but failed so far....

CarlosDK wrote:Ok can you today please 5min before close tell if you think up or down tomorrow Cobra? Because sometimes 2 min is a little too early ,, please tell what your feeling is based for tomorrow 5 min before close,, thank you

I don't understand, didn't I always say something in the closing statement a few minutes before the close? If I knew, I'd say otherwise I'd say I need dig more.

QQQ

another volume surge, I don't know if it counts as a bearish sign though because 23 min to close, usually volume keeps increasing until close.

MrMiyagi wrote:QQQ

Ghost Miyagi's and now ghost bars......

We need an exorcism!!!!

And Ben needs an enema

JNPR released their earning early, I guess the insiders wanted that 10% pop to sell and not worry about AAPL.

I think AAPL will not have a big gap up this time !
If gap up below $600, I think shortie is good choice after tomorrow open.

Im holding $AAPL 575 weekly calls @ 14.5 right now, should I sell for a huge loss before the loss becomes even bigger tomorrow??

DOW: An Ending Diagonal wave (C) ?

ricster3 wrote:Im holding $AAPL 575 weekly calls @ 14.5 right now, should I sell for a huge loss before the loss becomes even bigger tomorrow??

I think this is a very risky holding. YMYD.

FAS...23rd had a lower low than on 4/10, so technically, we could have finished 5 waves down. If we break out of this channel, then look for the market to get bullish... if we go lower on Thursday, but a higher low on FAS, then bears beware....

ricster3 wrote:Im holding $AAPL 575 weekly calls @ 14.5 right now, should I sell for a huge loss before the loss becomes even bigger tomorrow??

I am very bearish on AAPL.
Please ignore my bearish bias.
good luck.

Apple April options summary for today:
Call volume 230,921
Call OI 109,142

Put volume 166,483
Put OI 76,091