Cobra's Market View

big reversal down in GDX here

cannot believe we close low of the day. this time is different. the previous selling days, bulls kept coming back, but apparently no one is buying today.

L_T wrote:

Petsamo wrote:

L_T wrote:

Petsamo wrote:

L_T wrote:I think AAPL needs to pay for some snuggle time because it's getting no love whatsoever........sorry that's kinda lame!

If you look at the 2 year chart, it's still sitting pretty high. But it's sitting well below the $1000 target price one pundit said it is worth.

Yield is getting pretty close to 2%.

Looks like it wants to hit $534.25 by EOD maybe...

Dividend yield is close to 2% ? Don't lie to me, I can verify that.

Check it out. People do still love their idevices so I'll be looking to buy once this thing bottoms (will probably take weeks/months to form that pattern).

It gave 2 dividends this year. Prior to that, the last time AAPL gave dividends was 1995. Assuming they'll continue giving 2.65 every quarter, that'll be almost a 2% dividend yield.

Good, lemme know when you're gonna go long.

Gap down? Any buyers?

rocket wrote:Gap down? Any buyers?

They're probably gonna gap this up. But I'm sitting where I'm comfortable at, 12% cash.

Break

804.9 K last buy on SPY

capitulation below support into the close. smells like a gap up tomorrow

/dx

Close at low ain't seeing gap up tomorrow IMO. More down before bounce I think.

rc1269 wrote:capitulation below support into the close. smells like a gap up tomorrow

Closed shorts in aftermarket - now net long.

TraderGirl wrote:Anyone know news for tomorrow, Greece bailout?? Anyone, Bueller?

German minister said nothing new about greece until Monday
On monday is EU ministers secret summit

Hello all closed last piece of shorts today

There are 2 mores p-bars on the downside now I am looking for 1 which point to the upside
GL2all

TraderGirl wrote:/dx

nice TG I have similar "thing" in USDCHF (+- inverse to eur/usd)

(not update from the morning)

Me XMan wrote:Close at low ain't seeing gap up tomorrow IMO. More down before bounce I think.

rc1269 wrote:capitulation below support into the close. smells like a gap up tomorrow

longs stopped and shorts added. can't have everyone on the same side of the mkt forever. pure speculation for now though of course!

Me XMan wrote:Close at low ain't seeing gap up tomorrow IMO. More down before bounce I think.

rc1269 wrote:capitulation below support into the close. smells like a gap up tomorrow

A close at the low gives a 60% probability of a gap up. A close at the high gives a 60% probability of a gap down.

On more on russell (my mid-term chart), need to bounce here or I will be in trouble but I see clear 5w down and gold,copper, silver are showing the way in my humble opinion

Pagat wrote:

TraderGirl wrote:Anyone know news for tomorrow, Greece bailout?? Anyone, Bueller?

German minister said nothing new about greece until Monday
On monday is EU ministers secret summit

latest

The decision on whether to disburse Greece's latest aid tranche may not be made until late November as EU leaders await a full report on the country’s reform progress.

.... and ...........Greek minister says Greece will run out of money on November 16

FWIW

http://www.optionpit.com/blog/was-today-spx-bottom

Pagat wrote:

Pagat wrote:

TraderGirl wrote:Anyone know news for tomorrow, Greece bailout?? Anyone, Bueller?

German minister said nothing new about greece until Monday
On monday is EU ministers secret summit

latest

The decision on whether to disburse Greece's latest aid tranche may not be made until late November as EU leaders await a full report on the country’s reform progress.

.... and ...........Greek minister says Greece will run out of money on November 16

Thanks pagat!

World Elders 14 of 15 red. World Volume is way down. Maybe shades of 5-9-12 start pattern. AAPL Even higher ATR = 4.9