06/25/2013 Live Update

[MrMiyagi]

!!!!!! POWER HOUR !!!!!!

[Daniel-David]

KRE, key sector ETF, at a high for the month of June.

What can this mean?

[grachu]

cobra on the 6o minute looks like a bullish pennant

[joegamma]

KRE, key sector ETF, at a high for the month of June.

What can this mean?

I think the theory is basically this:
that they raise their margins faster than rates rise, assuming they can hedge their loan portfolios, so a temporary rising rate environment is very good for them...they had to compete with everyone else at bone-thin spreads, now they will all widen their spreads much more than rates go up...

[Mr. T]

Com'on and breakout!!!

[joegamma]

paging Experienced Dr AL: have you ever participated in such a boring day with nyadv pegged above 2200????

Any thoughts on what that means, other than summertime?

[joeynickels]

There have to be a bunch of buy stops in the 159.59-160 area. If the bulls can close this in the 158-159 area it could get really ugly for bears on a gap up open tomorrow.

[Out of Bounds]

...and, I'm out. Done for they day. See y'all tomorrow.

[Daniel-David]

[quote="joegamma"]

"I think the theory is basically this: ....they had to compete with everyone else at bone-thin spreads, now they will all widen their spreads much more than rates go up..."

-Quite probably so. Note how $FVX (5yr Treasury yield) has been leading KRE upward. A strong breakout to june highs several days ago, now KRE follows...

[Cobra]

volume surge, overshot, let's see any pullback here first. I'm neutral.

[TWT]

$SPX: Maybe a small ED will conclude the DZZ

[thanos]

Just a dead cat bounce back to resistance at 1594. Not my words though...im stealing it from this guy stockporn.blogspot.ca

The guys is funny. Although the title sometimes get blocked at my work. LOL! But have to admit he has been right about alot of thing.

[joegamma]

minor resistance in Russl here 9575, upto 9595, complete lack of volume is a questionmark?

[thanos]

minor resistance in Russl here 9575, upto 9595, complete lack of volume is a questionmark?

I guess 50ma is the next stop for the RUT?

[Cobra]

well, it is ascending triangle.

[joegamma]

minor resistance in Russl here 9575, upto 9595, complete lack of volume is a questionmark?

I guess 50ma is the next stop for the RUT?

13 week ma nearirng us too

[joeynickels]

Hark! Do I spy a Miyagi bar to 160.10?

[MrMiyagi]

[TraderGirl]

Hark! Do I spy a Miyagi bar to 160.10?

I think everyone sees that p-bar...not so special if others have it...

[Cobra]

members only update at 3:49 pm
http://www.cobrasmarketview.com/2013/06 ... ay-update/