Cobra's Market View

Cobra wrote:

rpccharts wrote:For the longs - French to German Bond Spreads

well, looks like the market doesn't care, all they need are just new cabinet or prime minister.

rp, can you post where you got this chart? Would love to keep an eye on it. Thank you.

A dome?

Cobra, is the plan void now? Thanks.

Cobra wrote:OK, the 3rd score. now key time, cannot make a decisive breakout, then we'll finally see a little bit bigger pullback, otherwise forget the 4th step of my evil plan.

Update:

probably no time for the diverge to play out.

something telling me TVIX will bring me gold. Is the risk worth it?

Building into a fairly large long position with my eye on the end of the week. Buying NOV SPY 126 calls when we test each support. Hoping to snag some more in the low $1.60s- averaging $1.47 currently.

SPX

60-minute: http://99ercharts.blogspot.com/2011/11/spx_3878.html
30-minute: http://99ercharts.blogspot.com/2011/11/spx_5589.html

Sometimes, the risk/reward looks simply too great to pass up. Now is one of those times.

The truck is fully loaded.

Big wave of volume is coming.

tdo722 wrote:something telling me TVIX will bring me gold. Is the risk worth it?

I am eyeing too, but not sure yet.

99er wrote:SPX

60-minute: http://99ercharts.blogspot.com/2011/11/spx_3878.html
30-minute:

Sometimes, the risk/reward looks simply too great to pass up. Now is one of those times.

bullish?

99er wrote:SPX

60-minute: http://99ercharts.blogspot.com/2011/11/spx_3878.html
30-minute:

Sometimes, the risk/reward looks simply too great to pass up. Now is one of those times.

what are you suggesting? bears or bulls? sorry for my stupidity of reading your charts. no labels, i can't read.

Just my 5 cents worth.
Yesterday I think was a key day not today.
Cobra had explained why the market can trade higher, these little 1-3 hand pull backs are sucking in the bear traders and fleecing them of there money.
The big picture is up we have to go to 1300, the market wants to go there,today if it ever was going to go down and stay down was today and it didnt.
As the wizard said the divergence between Europe and US is on.Sell Europe buy US.
Thats the hedge trade, and I dont think many care where the euro is either.
Personally should be at 115 not 135 but thats life.
Again last night Cobra mentioned that the dax looked crap, while the US looked good.

Welcome to the bull run people and if and only if europe is just steady or slightly up tomorrow market will be at 1280 in a flash.
Seen people take hits today which isnt good.

Are you kidding me? Bearish.

GLTA.

I'm out of time, have to leave and back after 4pm ET. Not sure my 4th step will be fulfilled or not. The feeling is I need a new plan, but again, no time now.

Dollar up .8% and S&P up .9%. Doesn't one of them have to give?

when are we going TVIX guys? give me the signal.

Looking at EEM - emerging markets volume is about 3/4 of yesterday and green...

Its a squeeze... OPEX friday.

michelangelo wrote:Dollar up .8% and S&P up .9%. Doesn't one of them have to give?

yeah, EUR/USD trading at S1 and SPY trading to launch off of R1. the divergence is too great...and will have to be resolved.

EEM - who would buy this junk as Europe craters?