Cobra's Market View

long QQQ 64.85, 100 shares

Cobra wrote:

Nage wrote:Cobra, the VIX has been going up much more recently compare to the index move, any previous example like this? thanks

I think it's not a rare case, just cannot think of an example at the very moment.

In 28+ year history of VIX, there are only two periods (1996-1997 and Mar-Jun 07) in which VIX and SP500 rose in concert. I have shown this in the past in one of the weekend forum discussion.

gap up wrote:

Nage wrote:Cobra, the VIX has been going up much more recently compare to the index move, any previous example like this? thanks

http://qusma.com/2012/12/02/hedging-vix ... using-spy/

thanks gap up! very much appreciated.

still is Pennant on the ES.

3rd time is a charm for bears? bulls last stand before a fast slide down.

Cobra wrote:

Nage wrote:Cobra, the VIX has been going up much more recently compare to the index move, any previous example like this? thanks

I think it's not a rare case, just cannot think of an example at the very moment.

There is clearly more fear in the markets due to the potential "Cliff Jump"

not good. here's a new target. breakdown below green line would be bad.

it is fast like I said

target reached, here's a new target as it broke the green line.

SPY in stop hunting mode

Low is in. More up ahead.

Clear symmetrical triangle breakdown on the ES. Don't forget usually the panic low is likely to be revisited.

If you pay attention to B% or CCI, daily standard reading is now under center line, for me down trend is started. as long as they are under the center line sell the rips will be in place until over sold in daily occur before I will think of going long anything. SPY 140.84

volume surge, hammer, so we might see a rebound here but normally, this bear shall have legs.

VIXies Update:
Bearish for equities in Short_Intermediate_Long term. This setup needs to issue a buy before any meaningful up move in SPY. It is in sell mode since 12/14/12.

BullBear52x wrote:If you pay attention to B% or CCI, daily standard reading is now under center line, for me down trend is started. as long as they are under the center line sell the rips will be in place until over sold in daily occur before I will think of going long anything. SPY 140.84

Came back to my desk and found my stops hit.

Market Neutral now carrying longs and shorts.
The downdraft looks like it is just a low volume stop run (anticipated) but it confirms a summation index sell signal for me.

gap up wrote:

BullBear52x wrote:If you pay attention to B% or CCI, daily standard reading is now under center line, for me down trend is started. as long as they are under the center line sell the rips will be in place until over sold in daily occur before I will think of going long anything. SPY 140.84

And here is my Intraday set up, I am seeing divergence set up for sell the rip, next red arrow is waiting.

so far not a strong rebound. may hang on here waiting for EMA20 blue line to catch up.