Cobra's Market View

Gap up along yesterday's high so no idea whether the gap will be filled or not.

Not much to say on the Global ES other than it is facing multiple resistances. So kind of key time now.
EURO still looks weak.

Good Morning.

So honey...what would you like with your coffee?

http://99ercharts.blogspot.com/2011/12/family.html

A cartoon?

TGIF and GLTA.

Honey...anything else?

EURUSD http://99ercharts.blogspot.com/2011/12/eurusd_16.html

A butterfly perhaps?

Let's just go skiing.

ES http://99ercharts.blogspot.com/2011/12/es_16.html

What...and break our neckline?

Ouch! Thank goodness I didn't play with RIMM. Playing earnings is no better than gambling!

What neckline?

Copper http://99ercharts.blogspot.com/2011/12/copper_16.html

This one.

Cobra wrote:Gap up along yesterday's high so no idea whether the gap will be filled or not.

Not much to say on the Global ES other than it is facing multiple resistances. So kind of key time now.

1.png

EURO still looks weak.

2.png

Cobra: is dax leading today, it is droppping since open?

Good Morn to all. My friend, the /DX has been sickly overnight but starting to perk up now. Some of my SDS has to be sold today and I am looking at 1208 ish to do it. The skiing has been spring conditions. Hopefully it will ice up for just today. jimme GLTA

It appears that today’s bounce of GLD happens at the right time and price. It might be trade-able…

Why not even one analyst downgrades RIMM to sell rating ? They are just lower down the target price.
Does it mean something ??

PAGING COPPER FOLKS
Last few days Copper has held up better than other metals
[Financial Times, Ft.com December 14, 2011 7:48 pm, after the close]
A deal has been reached between thousands of striking workers and managers at FCX, ending a three-month labour dispute that has crippled production at the miner’s Indonesian operations.
“...Losses have run as high as $18m per day for the US company, which operates one of the world’s largest gold and copper mines in the remote eastern highlands of Papua, since roughly 8,000 workers [went on strike]…The shortage of supply has also lifted international copper prices... The deal ends the lengthiest and possibly the most costly strike in Indonesian history...”

Ps: thanks 99er for copper chart

HappyFriday wrote:Why not even one analyst downgrades RIMM to sell rating ? They are just lower down the target price.
Does it mean something ??

RIMM is trading below book value. An analyst says the stock is worth $12. The stock might rally from here.

Petsamo wrote:

HappyFriday wrote:Why not even one analyst downgrades RIMM to sell rating ? They are just lower down the target price.
Does it mean something ??

RIMM is trading below book value. An analyst says the stock is worth $12. The stock might rally from here.

Look the same situation like AAPL 2 years ago. Should buy in here JMHO.

HappyFriday wrote:Why not even one analyst downgrades RIMM to sell rating ? They are just lower down the target price.
Does it mean something ??

Tax loss selling on top of current problems, bounce next week, when short's start to cover.
Last day for tax loss to sell is next week Friday in Canada.

GM, Same resistance spot as yest. on ES

the open.

QQQ also have dividend today?

Al_Dente wrote:PAGING COPPER FOLKS
Last few days Copper has held up better than other metals
[Financial Times, Ft.com December 14, 2011 7:48 pm, after the close]
A deal has been reached between thousands of striking workers and managers at FCX, ending a three-month labour dispute that has crippled production at the miner’s Indonesian operations.
“...Losses have run as high as $18m per day for the US company, which operates one of the world’s largest gold and copper mines in the remote eastern highlands of Papua, since roughly 8,000 workers [went on strike]…The shortage of supply has also lifted international copper prices... The deal ends the lengthiest and possibly the most costly strike in Indonesian history...”

Ps: thanks 99er for copper chart

FCX went from paying the workers there $2.50/hour to $7.50/hour. Man I'm glad I'm not an Indonesian copper miner......

Hmmm... SPY and Dollar both going up, together. I wonder who is the faker?

wayne0708 wrote:

Cobra wrote:Gap up along yesterday's high so no idea whether the gap will be filled or not.

Not much to say on the Global ES other than it is facing multiple resistances. So kind of key time now.

1.png

EURO still looks weak.

2.png

Cobra: is dax leading today, it is droppping since open?

DAX leads, but today's is OE, so US might not follow DAX.