Cobra's Market View

Snoggy update - could be slowing the rate of drop. Will know tomorrow.

TraderJoe wrote:HLF
Here is one that really burns me up, I was short HLF for 5 weeks and I closed my puts yesterday.. Damn, it's down 12% today..

What a great looking chart to short. You need to share charts like that! Can't blame you for taking profits being down 5 consecutive days.

looks like the support hold and the 3rd time is not charm.

MIDCAPS are REALLY hanging in here as is the RUT.

MID is trying to have the WHOLE Day's trading above the upper Bollo of 1024.82 (currently 1025.74)

the RUT had a SMALL trade inside the upper Bollo (847.35) but has spent the vast majority of the day above it 848.43.

Interesting to see that November opex charts look EXACTLY the opposite on Nov 15th we spent the entire day BELOW the lower Bollo,,,,

It has been quite a MOVE!

-D

L_T wrote:

TraderJoe wrote:HLF
Here is one that really burns me up, I was short HLF for 5 weeks and I closed my puts yesterday.. Damn, it's down 12% today..

What a great looking chart to short. You need to share charts like that! Can't blame you for taking profits being down 5 consecutive days.

I held my put options for 5 weeks and I thought the stock would bounce with santa rally so I sold them
Following the report that Ackman was short Herbalife, the stock tanked.

I'm neutral here but looks like bears failed again.

neckline retest?

Any thoughts on todays VIX action and what that means for the coming days? TIA

OK, the 3rd time is charm. I'm neutral. 12 min to close.

Where's the PPT?

Cobra wrote:I'm neutral here but looks like bears failed again.

Bears??? Failed again?!?!? Nooooo, not the bears

The fight to regain short term mood.

TraderJoe wrote:Hi TraderGirl,
If you get time, would you please give me your thought on YHOO.
I think it has topped;
MACD has turned down
Slow STO 5,4 has turned down
Volume is dropping daily
The last several days, the stock has only moved a few pennies total.

Thanks in advance!
Happy Holidays to you and your family,
Joe

Looking at the 2 hour....YHOO is currently up on declining technicals, but the last time technicals were declining the stock did a sideways correction....so ???

There is resistance up around 21.50 area..if I were going to take a stab at shorting...I may wait to see it get to that level...?? Lower risk trade at that level IMHO...

jademann wrote:Any thoughts on todays VIX action and what that means for the coming days? TIA

messy chart.... pushing the upper BB band... and breaking downtrend again

I hear Bear Raid sirens!

144.19

Actually I hear bear raid sires as well. The UVXY manipulators got me to sell at the lows yesterday, for a small loss, but I am back in because the VIX chart now looks like it is close to a tipping point.

Thanks Fehro a very nice chart showing several good targets!

skittlesmds wrote:I hear Bear Raid sirens!

What is everyone worried about? SPY has a higher high, and it's a long way from busting yesterday's low.

well, guess that's it for today. Not a good looking SPY daily chart. Thank you guys, I'll see you tomorrow.

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