Cobra's Market View

I am selling now. sso, stop is 3 pennies above Friday's high. why 3 pennnies? trust me

Simsonic wrote:Cobra, any ideas about the Nasdaq 100 restructuring? Taking AAPL from 20% to 12% and upping MSFT and GOOG? Do you see AAPL going down and GOOD and MSFT going up short term because of this?

If AAPL close here, the the chart is not bad. I have no idea about the effect of Nasdaq 100 restructuring. They should have done this long time ago.

Cobra wrote:

Simsonic wrote:Cobra, any ideas about the Nasdaq 100 restructuring? Taking AAPL from 20% to 12% and upping MSFT and GOOG? Do you see AAPL going down and GOOD and MSFT going up short term because of this?

If AAPL close here, the the chart is not bad. I have no idea about the effect of Nasdaq 100 restructuring. They should have done this long time ago.

fund manager will adjust their portfolios as long as they have positions with NDX, same for arbitrageurs.

in terms of TA, what are targets for a double top pullback aka NFLX ?

bbc wrote:

Cobra wrote:

Simsonic wrote:Cobra, any ideas about the Nasdaq 100 restructuring? Taking AAPL from 20% to 12% and upping MSFT and GOOG? Do you see AAPL going down and GOOD and MSFT going up short term because of this?

If AAPL close here, the the chart is not bad. I have no idea about the effect of Nasdaq 100 restructuring. They should have done this long time ago.

fund manager will adjust their portfolios as long as they have positions with NDX, same for arbitrageurs.

So does that mean when fund managers adjust with NDX...then APPLE goes down and GOOG MSFT go up? Or am I just trying to predict something that won't happen?

AK84 wrote:in terms of TA, what are targets for a double top pullback aka NFLX ?

NFLX is topping right now..It is getting ready to pull back off highs...I will waite to short when the mkt turns. If mkt goes up this may go higher.The RW not worth it. But I have been wrong on NFLX befor.

<<<<Just something to chew on while you read Fed notes that will be released later today. Fortunately food for thought remains immune to inflationary pressure.>>>

Cobra;
This is the answer to your question regarding price of oil going up. It is just your imagnation. There is no price increase in Oil. What are you talking about?

http://finance.yahoo.com/blogs/breakout ... et=&ccode=

I think Bernanke going through stages of grief and he is stuck in << Denial phase>>>

Gold
Double the fun.
http://99ercharts.blogspot.com/2011/04/gold_05.html

Three push up plus volume surge, my guess is a pullback of some kind here.

fund manager will adjust their portfolios as long as they have positions with NDX, same for arbitrageurs.[/quote]

So does that mean when fund managers adjust with NDX...then APPLE goes down and GOOG MSFT go up? Or am I just trying to predict something that won't happen?[/quote]

a lot of groups are still doing statistical arbitrages to maintain their portfolios, in this case, they will sell APPL if they long NDX, and buy MSFT at the same time. Arbitrageurs' behavior depends on which side the arbitrage relies on for NDX.

Cobra wrote:Three push up plus volume surge, my guess is a pullback of some kind here.

nothing is clear until FOMO

People in my Chinese forum are saying that inflation will push the stock market higher. Well, how much inflation do we expect here? I don't see from this chart inflation is a good thing as when inflation represented by tip leads tlt to certain degree, the market would feel tired.

pullback, as I expected. could be more as this should be a 2 legged pullback. Lunch time, I will be bacc...

Cobra wrote:People in my Chinese forum are saying that inflation will push the stock market higher. Well, how much inflation do we expect here? I don't see from this chart inflation is a good thing as when inflation represented by tip leads tlt to certain degree, the market would feel tired.

DAG is good inflaton play, if you don't think there will be one, short it.

Cobra...thanks for everything...is it bearish when the RUT leads?...CNBC seems to think it is good and said today that the rest of the market would soon follow...but looking back at 2007, when NDX could not make a new recovery high and the RUT soared there was a lot of red soon after...and I mean a lot of red!!

anyone got any thoughts on Goog ?

AK84 wrote:anyone got any thoughts on Goog ?

550 my best guess.

BullBear52x wrote:

AK84 wrote:anyone got any thoughts on Goog ?

550 my best guess.

THANK U !!

Glitch wrote:Cobra...thanks for everything...is it bearish when the RUT leads?...CNBC seems to think it is good and said today that the rest of the market would soon follow...but looking back at 2007, when NDX could not make a new recovery high and the RUT soared there was a lot of red soon after...and I mean a lot of red!!

IWM leads usually is good thing. I think you're talking about 2008 when IWM led but it was bad ahead. I don't know if we're in 2007 or 2008 now.

Cobra wrote:

Glitch wrote:Cobra...thanks for everything...is it bearish when the RUT leads?...CNBC seems to think it is good and said today that the rest of the market would soon follow...but looking back at 2007, when NDX could not make a new recovery high and the RUT soared there was a lot of red soon after...and I mean a lot of red!!

IWM leads usually is good thing. I think you're talking about 2008 when IWM led but it was bad ahead. I don't know if we're in 2007 or 2008 now.

Cobra on your same chart, why no one analog on my high light as similar?