Cobra's Market View

KENA wrote:One thing to watch today is XLF.If it goes up then Fin. could drive the mkt higher to test yesterdays high or more.

xlf has high correlation with eu voting that's going on and the budget fight. i think it will not move much unless we see big news

Dow Trader wrote:So far, it is typical Friday with dump it at the open, then print the low in the first hour and half that get the short exited, and show some short term sell signals, then up slowly to the close .... but who knows, maybe some news from US could give it another view ... flat and waiting

yep, i think a lot of bears will get squeezed by the close.. suckers. i want to see the gaps above filled.. i imagine most bears will cover by the close before the wknd though due to headline risk to the upside.

i see div on the drop. possible st bounce to 1340 area

key point, multiple support here.

Don't underestimate Bears. Below story from today showing how resilence bear is.

http://www.thestar.com/news/world/artic ... scued?bn=1

soku wrote:

KENA wrote:One thing to watch today is XLF.If it goes up then Fin. could drive the mkt higher to test yesterdays high or more.

xlf has high correlation with eu voting that's going on and the budget fight. i think it will not move much unless we see big news

Thats good to know..I was thinking if it broke 15.40/15.45 cover shorts.

long /es 1333.

agnosia wrote:

Dow Trader wrote:So far, it is typical Friday with dump it at the open, then print the low in the first hour and half that get the short exited, and show some short term sell signals, then up slowly to the close .... but who knows, maybe some news from US could give it another view ... flat and waiting

yep, i think a lot of bears will get squeezed by the close.. suckers. i want to see the gaps above filled.. i imagine most bears will cover by the close before the wknd though due to headline risk to the upside.

agree, and my target is 1/2 at 143.70 and other 1/2 is at 144.38 ... I have my stop and reverse working, so no loss in this trade , it is 100% gain for me .. you see I am not bull or bear I simply a trader

Dow Trader wrote: agree, and my target is 1/2 at 143.70 and other 1/2 is at 144.38 ... I have my stop and reverse working, so no loss in this trade , it is 100% gain for me .. you see I am not bull or bear I simply a trader

yep same here, don't want to give back any of my gains from this week, my stop is at even. you are preaching to the choir, i only want to make money - could care less about bull or bear

BullBear52x wrote:

KENA wrote:

BullBear52x wrote:anyone want to see what my rusty crystal ball is saying now?

sure

The ball so rusty, 133.5 ish if not today then early Monday, after that BUY the Dip will back up their truck.

FYI,
For next week,
There are 285 companies reporting their earning on 7/28.
7/26 #148
7/27 #216.
I doubt if all of them reporting bad numbers.

cougar wrote:AAPL trying to break resistance (~391.2)

AAPL has a new Square with a top of the octave around 422.
Reesistance now is ~ 391.2 (MM 6/8)

Dow futures moved after hours to above Jul,8 high by 30 points or so, but the cash so far didn't confirm that move ( keep in mind that DIA made it above that level yesturday ) and that will lead to one of 2 scenarios ( forgive my weak english )
1- dump the Dow at the open then build a trading range between yesturday's high and today's low for a breakout to the upside early next week.
2- start a reversal to below 12230

TICK registered -1174

if we see new low the selling is for real and should carry to the end of day. or fade the TICK will bring us up from this point .

took 1/4 off at /es 1337 for +4

Dow Trader wrote:Dow futures moved after hours to above Jul,8 high by 30 points or so, but the cash so far didn't confirm that move ( keep in mind that DIA made it above that level yesturday ) and that will lead to one of 2 scenarios ( forgive my weak english )
1- dump the Dow at the open then build a trading range between yesturday's high and today's low for a breakout to the upside early next week.
2- start a reversal to below 12230

I would have never guessed that English is not your first language.

BBFinance wrote:

Cobra wrote:yeap, indeed larger than tinted area. green line below is the support.

Now we have got the pullback you were talking yesterday. I think its "Buy the F*****G dip".
What you say?

Told you so.
just kidding. its all speculation about speculation

agnosia wrote:last night a big black bear was in my backyard eating some left over marsh-mellows from the bonfire we made... this may be an omen of things to come ....

or not

You must be living in Northpole with Santa Claus(bonfire??????). It is 100 degree in midwest and we never had such summer in many years.

IYR is turning Dn..The mkt may get weaker..Lets see.

AK84 wrote:Hi all,

Anyone have any comments on the chart of Wynn ?? Im short sep 170 puts and wondering if I should close .....has been going up last 2 days.....

Cobra?

My entry LONG WYNN (Sep 170 C) was posted 2 days ago: proposed as a long swing before the BUY signal, 3 charts and comments in real time.
I am still bullish on WYNN...Thought nobody was interested and stopped posting on WYNN ...
Chart update:

Tabby wrote:

agnosia wrote:last night a big black bear was in my backyard eating some left over marsh-mellows from the bonfire we made... this may be an omen of things to come ....

or not

You must be living in Northpole with Santa Claus(bonfire??????). It is 100 degree in midwest and we never had such summer in many years.

i live in the catskills mountains near nyc, we are also having a bad heatwave here, temps near 95... but at night we get down to 50-60