Cobra's Market View

uempel wrote:

TraderGirl wrote:Where is everyone???

Well, as long as you are not alone in the room with richarab everything is fine

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I am here: http://maps.google.com/maps?ll=17.992758,-92.818912

Everyone:


1min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
According to nyadv and nydec data, this qualifies as another choppy/range day…..so far


“Always take hold of things by the smooth handle.” [Thomas Jefferson]

another possible target. looks like hard to imagine though.

Petsamo wrote:

waverider wrote:

Petsamo wrote:So who wants to short UNG? I'm thinking of taking profits. I'm above break even

It is suffering from contango, I don't see why not.

I sold it at 5.85 for a 1.4% gain.
History: bought 5.78, sold 5.70, rebought 5.51, sold just now

Nice, having a warm winter, and I hear there's an oversupply. UNG close to that resistance trendline, personally I'd wait for a nice bear reversal bar on the hourly.

USD/JPY is going honeybadger.

I should play TZA

TLT rose sharply, interesting.

NEED CLARIFICATION PLEASE

Is FED report due at 12:15 ET or 2:15 ET ?

Also Ben is supposed to give rare press conference (?)…Anyone know time (ET)?

waverider wrote:

Petsamo wrote:

waverider wrote:

Petsamo wrote:So who wants to short UNG? I'm thinking of taking profits. I'm above break even

It is suffering from contango, I don't see why not.

I sold it at 5.85 for a 1.4% gain.
History: bought 5.78, sold 5.70, rebought 5.51, sold just now

Nice, having a warm winter, and I hear there's an oversupply. UNG close to that resistance trendline, personally I'd wait for a nice bear reversal bar on the hourly.

USD/JPY is going honeybadger.

you saying it don't give a s&%t?

Richarab wrote:

TraderGirl wrote:

Al_Dente wrote:10 days
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =254800720

NO hidden meaning… just pure Stevie Nicks… http://www.youtube.com/watch?v=FhNrrrCC ... re=related

I love Stevie Nicks!!

i loved her...it was 1982, in a morocco hotel room, ...from behind


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I am here: http://maps.google.com/maps?ll=18.000977,-92.889747

LOL, just catching up on the thread, saw this, and almost choked on my lunch. Hilarious. Thanks.

$DAX Daily: The 50% Fib level was resistance for a couple months before breaking through earlier this month. Now it looks like the 61.8% level is providing resistance, for now at least.

Petsamo wrote:I should play TZA

Once we get a break of the up trend in SPY or TNA or whatever I'll be short TNA or long TZA. I won't front run though. Neg divergences have been building for weeks but that hasn't mattered.

Cobra wrote:TLT rose sharply, interesting.

Could be investors may expect more of the same from Fed - twist - buy more 30 year treasuries??
Keep mortgage rates as low as possible - hope it sparks the housing industry

Also $DAX provided black candle after hollow red yesterday, could be an intermediate top

ClarkW wrote:$DAX Daily: The 50% Fib level was resistance for a couple months before breaking through earlier this month. Now it looks like the 61.8% level is providing resistance, for now at least.

evil plan, for fun since everyone falls into a sleep.

USD/JPY is going honeybadger.[/quote]

you saying it don't give a s&%t?[/quote]

Cobra wrote:TLT rose sharply, interesting.

What is that TLT?

Al, I ain't a good singer, like music though...

You always provide the direct link to your charts. Here a link to a nice little chart which might prove useful in the hours ahead. For those without a stockcharts.com subscription, here a screenshot:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=3

Merkel-Turtle is talking now in Davos: Kartoffelnsalat*!
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*Potato-salad : a German and Swiss-German specialty.

Al_Dente wrote:NEED CLARIFICATION PLEASE

Is FED report due at 12:15 ET or 2:15 ET ?

Also Ben is supposed to give rare press conference (?)…Anyone know time (ET)?

I see no one has commented...The times are 12:30 and press conf. 2:15

gabor wrote:

Cobra wrote:TLT rose sharply, interesting.

What is that TLT?

20 year treasuries ETF...come on man, get with the program!