Cobra's Market View

He means that there is no POMO allocated to the market today - so no money allocated to the purchase of bonds.

I thought it was a massive outbreak of FED fever, a virus fatal to all active bears unless sleeping in a cave awaiting the Cobra top call!

fehro - do you by chance a 60 minute chart on the IWM - seems to be divergence building subtly under the surface over the last few days - high beta chase? divergence on RSI, MacD atm... IWM 60m Thank you! You have a nice touch on your charts. I have started to build a major position with the in the...

fehro - do you by chance a 60 minute chart on the IWM - seems to be divergence building subtly under the surface over the last few days - high beta chase?

well, guess that's it for today. I need dig a little before calling the next Monday (assume it's till up because FOMC is Tuesday). Thank you guys, I'll see you TOMORROW. Before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp 1.png What else ...

MrMiyagi wrote:Monday, down. Hard.
Just a guess.

Mr. M - any chance there are any P-bars up top? I have a distinct feeling the FED is going to light it up next week!

I LOVE it. Everyone getting all worked up over the VIX … again That frustration is sometimes/not always a good turn signal Seriously, I can’t wait for someone to post “The VIX is a useless, broken instrument” or something similar That will be the signal…….. or very near…….. (“It should be outlawed”...

PAGING COBRA, If you're not eating your lunch (see attached) is it too early for another intra-day update? Starting to wonder if AAPL is going to hit your target today! Python attacks, eats whole wildebeest: http://www.dailymail.co.uk/news/article-2243242/African-python-devours-wildebeest-shocking-...

Cobra wrote:I've been making excellent calls on AAPL, I'm surprised it seems no members actually care?

Cobra, great call on AAPL last night. I bought 20 weekly 510 calls this morning on the hard break and owe you a bottle of champagne!

a little divergence on the $VIX... not making higher highs... as markets test lower lows... so far. Does anyone have the weekly bollinger band numbers - high, low, middle for VIX and RVX? If SPX closes weekly below 1408 - 1410 this would indicate a very negative weekly close and i would think the V...

TraderGirl wrote:Just to let you guys know, my intra-day chart says big rally, then big selloff...so beware...

Actually makes quite a bit of sense. POMO (QE) $5 billion at 11:00 and $24 billion U.S. 30 year auction at 1:00 where bonds should sell off until results are posted.

Can you believe this is an actual Obama ad: http://news.yahoo.com/blogs/ticket/obama-big-bird-ad-campaign-attack-video-114656065--election.html That is sooo dumb. I bet if Romney had ads like that against Obama - he wouldn't hear the end of it. Why does Obama get away with hitting 'below the belt'?...

There has been a rumor that the Algos subscribe to TA blogs - anyone notice both of the moves (futures) associated with intraday posts from Cobra?

Does anyone on the board trade RBOB futures? The December contract looks like the volatility of the last 2 days has set up a diamond pattern. Looking for someone with much greater skills in charting to confirm or trash. Thanks

Reverse Split

IWM not following RUT. Is that bearish or bullish ? It is unacceptable!!! IWM is ETF for RUT. The RUT is trading below the 200 mda and TF September contract is 770.20 only up .43% on the day and well below other averages. RUT usually leads the market because it has a larger grouping of stocks (2000...

MrMiyagi wrote:

Petsamo wrote:

MrMiyagi wrote:IWM not following RUT.

Is that bearish or bullish ?

It is unacceptable!!! IWM is ETF for RUT.

The RUT is trading below the 200 mda and TF September contract is 770.20 only up .43% on the day and well below other averages.

Cobra wrote:someone is defending the day low but the bias is still down. 23 min to close.

Typical last hour sale of short term VIX. almost in the morning gap up.

Cobra, are there any statistics available for gap fills in the last hour of trading?

TraderGirl, I value your contribution to this board! Many trolls have appeared during the 4 years I've followed Cobra. I label them foes as they poke their heads above the slime by making inane posts or personal attacks on others who post. My list is over 30 currently, and growing. I identified SW ...