Cobra's Market View

Small gap up so chances are the gap will be filled.

Nothing to say on Global ES, I'm neutral. A little overshot, so maybe pullback a little here? We have pullback almost every morning then up and up and up anyway.

SPY dividend day today, so don't be surprised it's red.

Shorting gold
Lookslike it wants to touch and perhaps through the 65week MA

Thoughts Cobra?


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I am here: http://tapatalk.com/map.php?uwu53c

Here is a chart of the bollinger bands.Everything is over extended ..The P bar that I had 2 days ago indicated dn to 137.60 and a smaller one near close yesterday dn to 139.92.If the mkt pulls back into the Bollinger band the 137.60 is possible.Chart by stocktiming..So lets watch.

Richarab wrote:Shorting gold
Lookslike it wants to touch and perhaps through the 65week MA

Thoughts Cobra?


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I am here: http://tapatalk.com/map.php?uwu53c

I'm not sure now, the big picture, gold might be turning down.

the open.

see germ EWG 5 min

SPY is negative. Did it give dividends?

Pardon the noob question but why SSO up when SPY is down?

dmeyer wrote:Pardon the noob question but why SSO up when SPY is down?

i was wondering same thing...


hiram

Petsamo wrote:SPY is negative. Did it give dividends?

YES

dmeyer wrote:Pardon the noob question but why SSO up when SPY is down?

I think it is the dividend. The previous close is adjusted down to 140.10

hiram wrote:

dmeyer wrote:Pardon the noob question but why SSO up when SPY is down?

i was wondering same thing...


hiram

DIVIDEND ON SPY

So how does the dividend work? Since I own SPY, the value I lose in the share price I will get back in a dividend in a couple of days? Anyone know how this works?
Thank you.

fulkdaddy wrote:So how does the dividend work? Since I own SPY, the value I lose in the share price I will get back in a dividend in a couple of days? Anyone know how this works?
Thank you.

yes, you'll get cash.

Somebody asked yesterday when the last time we closed outside of the SPX Bollinger for 3 consecutive days ---- take a look at July 2011:)

Let's see what's more important today -- AAPL or EUR/USD?

GM All,

Are you confused yet? SPX new highs, SPY is wallowing, AAPL just printed a 3rd wave down but is sorta cancelled by their expandaWave program. I am sitting here with my losers hoping a plane crashes into something politically important. GLTA jimme

as usual, a morning dip, such a dip as usual will be bought and here's the normal pattern, a little different then before. we'll see.

1 min internals

PRICE IS SSO (per cobra/dividend)…SSO not spy
Nyadv 1300 and nydec 1300 = 50/50 range day so far….
PS: Right out of the gate VIX was down -7% to 14.3 and piercing or almost piercing the lower bolinger again…

European pump/dump lately starting a little earlier than 11:30EST. ~ 10:20-11:20 EST. Watch EEM/IWM for a queue of the direction past this time. It provided a good scalping opportunity last few times.