Cobra's Market View

very strong close, guess everybody are expecting good news in the weekend.

The Spy P bar at 134.10 is just about there.Now it is there..Next IWM next week at 76.29??

Cobra wrote:very strong close, guess everybody are expecting good news in the weekend.

Do you think this is because of retail investors speculating or institutional buyers knowing something we don't?

cguirguis wrote:

Cobra wrote:very strong close, guess everybody are expecting good news in the weekend.

Do you think this is because of retail investors speculating or institutional buyers knowing something we don't?

I see a Trojan Horse filled with lots USD left at the door. Open the gate and bring the horse in.

Good news or shorts covering??

A doji for the week. I am now flat for the weekend. Nice day, all in all.

ok time to short
filled on my ES target
thanks

In finishing this strong, they are asking for a gap down.

well, guess that's it for today. the ascending triangle target is actually met.

judging by the close, it looks like big guys knew some good news in the weekend. Thank you guys, I'll see you the next Monday.

Richarab wrote:ok time to short
filled on my ES target
thanks

I am right there with you, my hummus-eating, goat's milk-drinking, sheep-throat-cutting friend.

Signed,

Anaconda (aka. "The Racist", "The Insensitive One", "The Culturally Unfamiliar Sort.")

Hi of the week..Thanks for the week COBRA and GTTA.

Cobra wrote:well, guess that's it for today. the ascending triangle target is actually met.

judging by the close, it looks like big guys knew some good news in the weekend. Thank you guys, I'll see you the next Monday.

i work at / am one of those 'big guys' - i assure you we don't know anything. short covering across equity and credit markets.

rc1269 wrote:

Cobra wrote:well, guess that's it for today. the ascending triangle target is actually met.

judging by the close, it looks like big guys knew some good news in the weekend. Thank you guys, I'll see you the next Monday.

i work at / am one of those 'big guys' - i assure you we don't know anything. short covering across equity and credit markets.

then why covering?

Cobra wrote:

rc1269 wrote:

Cobra wrote:well, guess that's it for today. the ascending triangle target is actually met.

judging by the close, it looks like big guys knew some good news in the weekend. Thank you guys, I'll see you the next Monday.

i work at / am one of those 'big guys' - i assure you we don't know anything. short covering across equity and credit markets.

then why covering?

the fear of the unknown - which in this case is likely a global bailout. if greece stays, then no big deal. we're back to were we were, short again on monday. if greece vote goes the other way, everyone expects a global effort by central banks to backstop the situation. *that* is the risk at this point. greece vs central banks = no comparison. i think it's more bullish for the mkt at this point with greece exiting. because that means bank bankstops and bailouts galore. all for the cost of tiny little greece.

^
This

rc1269 wrote:

Cobra wrote:

rc1269 wrote:

Cobra wrote:well, guess that's it for today. the ascending triangle target is actually met.

judging by the close, it looks like big guys knew some good news in the weekend. Thank you guys, I'll see you the next Monday.

i work at / am one of those 'big guys' - i assure you we don't know anything. short covering across equity and credit markets.

then why covering?

the fear of the unknown - which in this case is likely a global bailout. if greece stays, then no big deal. we're back to were we were, short again on monday. if greece vote goes the other way, everyone expects a global effort by central banks to backstop the situation. *that* is the risk at this point. greece vs central banks = no comparison. i think it's more bullish for the mkt at this point with greece exiting. because that means bank bankstops and bailouts galore. all for the cost of tiny little greece.

^
This

rc1269 wrote:

Cobra wrote:

rc1269 wrote:

Cobra wrote:well, guess that's it for today. the ascending triangle target is actually met.

judging by the close, it looks like big guys knew some good news in the weekend. Thank you guys, I'll see you the next Monday.

i work at / am one of those 'big guys' - i assure you we don't know anything. short covering across equity and credit markets.

then why covering?

the fear of the unknown - which in this case is likely a global bailout. if greece stays, then no big deal. we're back to were we were, short again on monday. if greece vote goes the other way, everyone expects a global effort by central banks to backstop the situation. *that* is the risk at this point. greece vs central banks = no comparison. i think it's more bullish for the mkt at this point with greece exiting. because that means bank bankstops and bailouts galore. all for the cost of tiny little greece.

I send this. Today is more like short covering rally.

http://finance.yahoo.com/blogs/daniel-g ... 18499.html Greece article

More green on the daily Elders.