Cobra's Market View

Goodmorning, copper had quite a confluence of resistance at the close on friday:

the next few bars are keys, whether this is a double bottom. let's see.

1 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

(also check yr China intraday charts. $HXC down -2.7%)

breakout on the downside instead of a double bottom. here is the target. not working well recently, beware, only 50% chances.

Maintain call from last Thursday that VIX bottom is in due to the reaction of the VIX PosD on the daily RSI.

Still sitting with my all-in TVIX position which I completed building last Thursday based on the VIX PosD I've been monitoring.

Will be executing profit taking strategies for TVIX.

Btw, Black Swan meter still sitting at 3 as the Iranians postponed the vote to ban oil imports to the EU (they are waiting to see what the nuclear inspectors who are there this week will say first).

Cobra wrote:breakout on the downside instead of a double bottom. here is the target. not working well recently, beware, only 50% chances.

Cobra, you've mentioned that the high is likely visited again, is that still true? If so, it looks like now it's a good place to bounce off. Thx!

Might pick up some SOXL today to add to 41k shares of EDZ picked up last friday....
SOXL gaps down or sells off big second day of correction...hmm..???

Looks like my bear porn turned into reality..

Next swing target is around 128.3

(No one gave a shit about daily macd and 60min macd) The joke's on you

DAX: Triple ZZ completed = wave (A)?. if correct wave (B) target = 6478-6516.50

Unique wrote:Looks like my bear porn turned into reality..

Next swing target is around 128.3

(No one gave a shit about daily macd and 60min macd) The joke's on you

thats not true. i cared. i cared very much. i cared more than you know....

Richarab wrote:

Unique wrote:Looks like my bear porn turned into reality..

Next swing target is around 128.3

(No one gave a shit about daily macd and 60min macd) The joke's on you

thats not true. i cared. i cared very much. i cared more than you know....

Not sure how I should respond.

Good luck

Jarbo are you lurking? Your CRR trade gave me "strangle fever". I'm looking for names this week that may move big after they report. I'm researching QCOM and MTW to see they are prospects. Do you have anything on deck?

TraderGirl wrote:Might pick up some SOXL today to add to 41k shares of EDZ picked up last friday....
SOXL gaps down or sells off big second day of correction...hmm..???

I mean pick up SOXS...

My 3 etf's now finally showing a small profit..Cvlt small loss..Were moving in the right direction..Not all bad because my hedge had a proffit.Now lets see.

Al_Dente wrote:1 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

(also check yr China intraday charts. $HXC down -2.7%)

Your 1 min doesn't look that bearish on the very short term...

L_T wrote:Jarbo are you lurking? Your CRR trade gave me "strangle fever". I'm looking for names this week that may move big after they report. I'm researching QCOM and MTW to see they are prospects. Do you have anything on deck?

might buy strangles on AMZN, earnings tomorrow..

Are we to expect more down today or are we BTFD again? bulls are so damn strong right now.

Morning downturn getting bought AGAIN!!

ClarkW wrote:Morning downturn getting bought AGAIN!!

It's logical, fib retracement hit at 130.2 roughly.

retrace to 130.6 ( first res), may overshoot to 130.8, 131 is a toughie. Should continue sell off in afternoon. Unless Big B presses a button to print faster or calls the Super Marios in Europe to get their shit together

L_T wrote:Jarbo are you lurking? Your CRR trade gave me "strangle fever". I'm looking for names this week that may move big after they report. I'm researching QCOM and MTW to see they are prospects. Do you have anything on deck?

i'm looking at a couple, but nothing yet.

a lot of my setups this week look like straight shorts...(puts). might wait to see if VIX cools down later today first before i enter anything...but went short MS Mar 19 puts this morning.