Cobra's Market View

Latest NYSE Short Interest Report Worthy of note: 106% increase in shorts for the short-spy vehicle SH (shorting a short vehicle is a long-spy bet) 163% increase in semiconductor shorts using XSD instead of SMH 53% increase in Russell shorts using IWN instead of IWM 51% increase in UVXY shorts 46% ...

bulltart u going to hold TVIX into the close? Im wishy washy..... Yes, will hold- the structure terms and skew are pointing to limited downside, so worth the risk, even if SPX goes up like today. We had a 10+ SPX handle day, and TVIX is up 4.6%. SPX up, TVIX up. SPX down, TVIX up. Can't say no to t...

Note TWO more one minute volume bars, totaling 5 million shares, 2 minutes Something is about to hit the fan …….IMHO, Kool-Aid, WDIK etc Looks like buying to me? OY OY OY (you are good) The old double top, screw the internals trick, Merry Xmas market....sheeeeeesh Dr. Al, you are good! Thanks for w...

There is no seller ...

BullBear52x wrote:Thanks Cobra and everyone GLTA

TA note: nothing change on my view today, early bird will get the worm once again.

Good to know that I am in your team - I am holidng TZA and FAZ over night - all indicators looked like X mas lights (red and green) all day.

Just wait for tomorrow...bears will be in command again :D This rally is unreal. The bears fought for 8 days to get it down to 1202. The bull sneezed 1 day and got 61.8% back. Then again, that's why cobra impulse system has an 80% winning for bulls and only 70% winning for bears. Bought TZA at clos...

janez wrote:Anyone holding shorts into tomorrow?

Took profits on my long with the 3rd push - yeah I may pick up some shorts (nimble amount) in AH depending upon where we close today.

Happy Holidays all. I'm going to take some time off from charting during the holidays. (Will still be reading though in an effort to stay up-to-date.) Have a great, and hopefully profitable as well, holiday season, and I'll see you around next year. spxDailyProvis201211pub.jpg Bye HighRev! Have a w...

PM is really not for investment - more for wealth protection ...

BullBear52x wrote:

cougar wrote:

chocobee wrote:Cougar,

What is your take on gold here? TIA

Bullish.
GLD broke out above MAE(55, yellow) and is now headed for the 160.5 zone.

Don't trade GLD or SLV but I look at them, I see green shoots on them too.

Thank you both - I have been adding Feb out of money GLD call...

Cougar,

What is your take on gold here? TIA

There is no buyable dip... Will shorts cover at EOD?

Trade what's in front of you lets pretend that Santa is not real. a trade above 5dma is uptrend to me, buy the dip, but since now the trend change is fresh we need to see more evident that it will sustain, lets stay focus make money together shall we? be nimble per se in any direction. Play nimble ...

BullBear52x wrote:VIX 25 is what bears need to take out today. I mean today it's a must or I'll switch side.

I am disappointed with bears -

Damn! Do I feel lucky and play the gap down tomorrow? Or take the profits and run? Market is smelling fishy over Eurozone. One day you wake up and no more EURO. Too bad. SPX closing near low ain't looking good for tomorrow. Big gap-down tomorrow? Nope. This is the last flush. Market about to call a...

Cobra wrote:another way to see target.

You are aboslutely amazing, Cobra!

pady wrote:

heavenskrow wrote:I guess santa rally for bears =]

ROFLOL...

Santa (Ben) has already came to town with empty handed this week. Looking at the negtive money flow for this month - it is a matter of time when everyone will finally realize that and rush to the exit door...

Stopped out on both AGQ (small profit) and DGP (small loss) today. PM is sicker than I thought. Holding a small position of TZA I bought this morning over night.

BullBear52x wrote:

chocobee wrote:

BullBear52x wrote:I am buying FAS, got to have to do it. lets go bulls! Tight stop o yaY GOT TO DO IT. I can smell bear trap somehow.

Did you pick up FAS? I am not selling my TZA yet...

yes, filled at 58.71, got to do it.

OK - I cannot trade against you. I am out TZA

BullBear52x wrote:I am buying FAS, got to have to do it. lets go bulls! Tight stop o yaY GOT TO DO IT. I can smell bear trap somehow.

Did you pick up FAS? I am not selling my TZA yet...