Cobra's Market View

guelder_rose wrote:Cobra, is today a big up day?

doesn't look so FOR NOW.

Cletus,

what is your view on GOOG now that it has recaptured its trendline?? Was that a bear trap ????? DO i get out of my puts?

cletus wrote:
You should be in silver right now.

i can't stomach the 25K swings in silver futures too rich for my blood.... are u trading slv stock?

channel and lots of support below, nothing bearish I see so far.

Cobra wrote:channel and lots of support below, nothing bearish I see so far.

except for the philly fed coming in at 3.9 !! lol.

RUT
Exhaustion gap?
http://99ercharts.blogspot.com/2011/05/rut_19.html
Island reversal?

there could be support around 1338 area. prepare to cover some

cobra you said if huge up today ud b in the bull camp. so far doesnt look huge. are u still with da bearsss??

SPY 5-min with pivot points

Cobra wrote:channel and lots of support below, nothing bearish I see so far.

Cobra, you mentioned Qs alot yesterday, what's in your mind? I see Qs is the weakest link so far among the 3 biggies.

AK84 wrote:cobra you said if huge up today ud b in the bull camp. so far doesnt look huge. are u still with da bearsss??

You are funny, the technicals did suggest a move to the upside and as this is a technical blog what else should Cobra say? And by the way, SPX now back at breakout and so far everything is ok for the bulls...

second time a negative divergence trade back to 200ma is working, I think this is an exhaustion gap. 134 is now a good floor for spy

we may have 2nd chance of short. expecting some meaningful movement

a little more likely to break on the downside.

AK84 wrote:Cletus,

what is your view on GOOG now that it has recaptured its trendline?? Was that a bear trap ????? DO i get out of my puts?

still not sure about the chart. just noticed that yours is PUT then you should have closed the most while goog was testing its previous low.

Crude
Update.
http://99ercharts.blogspot.com/2011/05/crude_19.html
Caution bulls.

AK84 wrote:cobra you said if huge up today ud b in the bull camp. so far doesnt look huge. are u still with da bearsss??

I have a buy stop somewhere above, so far not triggered so I'm still a bear.

where, where, please.............

Gold
Update.
http://99ercharts.blogspot.com/2011/05/gold_19.html
Ditto.

Cobra wrote:

AK84 wrote:cobra you said if huge up today ud b in the bull camp. so far doesnt look huge. are u still with da bearsss??

I have a buy stop somewhere above, so far not triggered so I'm still a bear.

where is the buy stop??????????????