Cobra's Market View

My bidu call is up 20% even though the stock dropped nearly 2%, don't know why vol on bidu suddenly dropped yesterday for so much.

Short again SDS14.40

Out of Bounds wrote:Short again SDS14.40

Cobra, got second wave down? Or do the BTFD'ers win again?

stucap wrote:

Out of Bounds wrote:Short again SDS14.40

Cobra, got second wave down? Or do the BTFD'ers win again?

I'm too early

euro/dol jumping like yo-yo on 5 min....

ECB farted downwind woke up honey badger.

Nothing new. BTFD.

again, normally, should be another leg down, just normally.

BTFDers win again. reverse of traditional TA signals seems to be the winning trade in this market for a while. we break support at 1407 and instead of accelerating down instead we rally.

gold is decidedly *not* fading the QE theme. stocks to follow?

Why can't the market A-holes just let the SPX drop 20 points each day for a week.... then it could make some sense to buy.
It goes down 2 points and people run in "buy the dip!!!!!!!"

Trading around hedged position.
Looks like support at the top of last week's rectangle kicked in.
If it fails later on, the bottom of the rectangle (around 139.8) seems like a likely next support.
After that 139, seems like a line in the sand.

Watching this line - daily and 15 min

Mr. T wrote:Why can't the market A-holes just let the SPX drop 20 points each day for a week.... then it could make some sense to buy.
It goes down 2 points and people run in "buy the dip!!!!!!!"

Dude, just BTFD. Seriously, you f'cking idiot. Just BTFD. See dip, buy it. Doesn't matter what kind of dip -- ranch, honey mustard, hummus, spoos -- F'KING BUY THE F'KING DIP.

rc1269 wrote:BTFDers win again. reverse of traditional TA signals seems to be the winning trade in this market for a while. we break support at 1407 and instead of accelerating down instead we rally.

gold is decidedly *not* fading the QE theme. stocks to follow?

me burned on gold again

volume surge, let's see any pullback here.

Nice chart. I tried to duplicate it and mine comes out with VXX clearly breaking that upper trendine.

heavenskrow wrote:VXX hourly

Cobra - if we get another leg down, is that leg normally lower than the prior low? thanks.

The volume surge was due to an announcement that Spain was meeting with ECB to discuss specifics of bond buying, but that nothing should be finalized until Sept. 15. Sort of a good news bad news thing.

Edit: Technically not an announcement, but rather, literally, "say 3 people familiar with the matter".

Cobra wrote:volume surge, let's see any pullback here.

Mr. T wrote:Why can't the market A-holes just let the SPX drop 20 points each day for a week.... then it could make some sense to buy.
It goes down 2 points and people run in "buy the dip!!!!!!!"

shut up and just BTFD !

Al_Dente wrote:renko

823renko.png

Dr Al: minor divergence?
any uptick in your Renko yet?

Is the SPY will recover trendline?