Cobra's Market View

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Gap up within yesterday's range, so the gap might be filled.

Key time on Global ES as I see 3 Push Up then the 2nd test of the previous high, so a decisive breakout is needed here. Failure to breakout would mean 2 legged pullback.

members only update starts here: http://www.cobrasmarketview.com/2013/01 ... ay-update/

DAX breakout after bull flag as I said. Looks bullish.

Momentum Block
Global Equity Futures: Bullish
Key Currency Pairs: Neutral (2/2 bullish/bearish)

Yeah Dax looks good but not too far away from measured move target, euro is reaching big resistance area as well (1.35-1.36) in very overbought conditions so start of the pullback is likely very soon...JM2C

621 am

ES up 3.50

SPY up .51

the open.

VIXies Update posted here.
http://www.cobrasmarketview.com/2013/01 ... ay-update/

challenge yesterday's high, key time.

Another squeeze, I see possible 1505 to short

$NDX: It looks toppish

still fighting the previous high, again, no failure allowed for bulls here. consolidation here is OK, in fact, it's even perfect.

Today we have europe in command, different that yesterday so I don't believe what we all expecting.

viewtopic.php?f=2&t=805&start=240#p115156

My last order for SPXU still not filling, looks like MMs still fucking around so looks like I should cancel limit order and market order when price hits so they don't see the pools

By the way - GREAT call on the Global ES yesterday - I think most everyone was thinking lower, while you predicted higher on your Social Trade post - I will admit to be surprised, but respectful of your call..... I know you (like Cobra, myself and so many others....) are looking for that turn down.... so it particularly surprised me when you called for higher in you early day update.

Nicely done!

Any new thoughts on the ES?

-D

TWT wrote:$NDX: It looks toppish

$TLT: The EWP could turn bullish

Neutral.
A personal matter has had me distracted all week. So, Mr. Market has run without me.
I am not inclined to chase this at the moment and need to study things over the weekend.
Some day there will be a down day again... I think.... maybe...

My trend and summation index signals remain steadfastly up.
I have seen a handful of statistics suggesting a probable decline get blown through, which is bullish.
Looking around the web last night, I saw a lot of major top calling going on. Mr. Market will probably play with heads and bank accounts.

Yesterday was fascinating. The Street bought Apple at a big mark down (no surprise) and sold a lot of everything else at a big mark up (at least in the morning). Ka Ching!
That suggests to me that Funds feel compelled to stay fully invested chasing performance, which is bullish.
Barring a game changing event, corrections are likely to be bought and new highs are likely to be bought.
The sharks will not be released until every last $ is back in the pool.

The currency markets are also interesting.
While the $ index (UUP) hasn't been doing much, the $ has actually been rising against several currencies and gold and many commodities (oil being big exception).
The issue with the $ index is that the Euro, which is heavily weighted in the index, is rising faster than the $.
Perhaps we are shifting to a stronger $ = strong equity regime, but I have doubts.
Dr. Copper suggests otherwise. So, technically equity bull goes on but suspicion is warranted.

Sorry for the ramble...

Mr. BachNut wrote:Neutral.
A personal matter has had me distracted all week. So, Mr. Market has run without me.
I am not inclined to chase this at the moment and need to study things over the weekend.
Some day there will be a down day again... I think.... maybe...

My trend and summation index signals remain steadfastly up.
I have seen a handful of statistics suggesting a probable decline get blown through, which is bullish.
Looking around the web last night, I saw a lot of major top calling going on. Mr. Market will probably play with heads and bank accounts.

Yesterday was fascinating. The Street bought Apple at a big mark down (no surprise) and sold a lot of everything else at a big mark up (at least in the morning). Ka Ching!
That suggests to me that Funds feel compelled to stay fully invested chasing performance, which is bullish.
Barring a game changing event, corrections are likely to be bought and new highs are likely to be bought.
The sharks will not be released until every last $ is back in the pool.

The currency markets are also interesting.
While the $ index (UUP) hasn't been doing much, the $ has actually been rising against several currencies and gold and many commodities (oil being big exception).
The issue with the $ index is that the Euro, which is heavily weighted in the index, is rising faster than the $.
Perhaps we are shifting to a stronger $ = strong equity regime, but I have doubts.
Dr. Copper suggests otherwise. So, technically equity bull goes on but suspicion is warranted.

Sorry for the ramble...

I hope everything is better now for you, Mr. Bachnut. I'll take a ramble like that any day of the week.

Double top failure for now, added puts, looks like a gap fill down atleast, momentum has divergence to the downside, vix moving higher.