Cobra's Market View

Unique wrote:Time to buy SPY calls soon

Channel lines support + Oversold

Lets see if lowballing would work today..

The calls should reach 50% soon

Gotta love consolidation days

IWM just busted yesterday's high. SPY is draggin

DXY

TNA...

volume surge, biggest bar, so may see pullback here. Normally (I'm not sure anymore) this up leg should be at least 2 legged, so the pullback might be bought.

100% MM target. I have a dream.

FAS...??

Cobra wrote:100% MM target. I have a dream.

The last one got assassinated for speaking out, watch out, look around, big brother is upon us

Looks like we're gonna stall a bit, then it's lunch time flatness and then we might have a crazy afternoon?

Well, I guess Cobra and I are on the same page....financials are the S&P...

Al_Dente wrote: Q: how low have you seen cci 168 ?
hmmmmmm cci 168 on XIV (freestockchrts) didn’t get low at all….. only on inverted vix on stockcharts

On August 3, 2012 it was as low as -430 on VIX and XIV was not this low, though I can see XIV also as low as -400 at other times. Sometime they don't track in real time and this may be due to their structure, one is theoretical other is traded entity.
Purely on INTRADAY basis I also expect some type of rebound from this level.

TradingJackal wrote:

737controller wrote:

TradingJackal wrote:Gap closed (?) Maybe a bear raid to start the morning?

trading jackal,
Do you have an email to ask you a question? Did not see one on your site and don't want to break any rules on here. Thanks

Wow! Now you are scaring me! tradingjackal@gmail.com

Dont worry, it is not a paternity test or std result.

Spy 5min

Petsamo wrote:IWM just busted yesterday's high. SPY is draggin

lovin it... once I quit shorting.. I.E. BTFD O N L Y, i'm back to profits!

Breakout of upper trend line for VIX.

TraderGirl wrote:FAS...??

Target seems too large for today, duration?

There's a channel at about 98.4-98.7 for me

Looks like traders are playing with TL of what may be regarded as bull flag;rebounding from upper TL after BO in case of ES and trying to BO in case of RUT futures.

Harapa wrote:

Al_Dente wrote: Q: how low have you seen cci 168 ?
hmmmmmm cci 168 on XIV (freestockchrts) didn’t get low at all….. only on inverted vix on stockcharts

On August 3, 2012 it was as low as -430 on VIX and XIV was not this low, though I can see XIV also as low as -400 at other times. Sometime they don't track in real time and this may be due to their structure, one is theoretical other is traded entity.
Purely on INTRADAY basis I also expect some type of rebound from this level.

I am on inverted $ONE:$VIX so my HIGH 3 aug was EXTREME +675
I think u are on straight VIX like a normal person when u say 3 aug low -430 VIX
Right?
Either way it’s extreme, and now I have my oversold “must bounce near here” line (at least for quickie bounce)
on the cci 168 on upside down INVERTED VIX only $ONE:$VIX
minus -250 to -270 ish

Al_Dente wrote: I think u are on straight VIX like a normal(Harapa edit:relative term) person when u say 3 aug low -430 VIX
Right?

Yes

Unique wrote:

TraderGirl wrote:FAS...??

Target seems too large for today, duration?

There's a channel at about 98.4-98.7 for me

Definitely not today, an eventual target...my charts say up into the next big turn date of Sept 6-8th...

There are two turns this week - Weds and Thursday....there is a possibility that we turn up into thurs, then down on Friday, but then I have us up the following week 5-7th timeframe....

Then we could get a sharp pullback around that time into mid Sept...then it gets worse at the end of Sept...very bad...

go BIDU