Cobra's Market View

Are dollar and stock market moving in opposite directions? per the usual - this market is bullishly bonkers - 300+ point ramp - and the bear leg is a 400 point single leg down move. market makers are going to push this as high as possible, while the bond market - less than euphoric - is away for the...

But if the push up patter goes from 3 to 5, 6, or 7, with the LL and LH every time, even the last major pull back will not drag us down to earth. Looks like the 3 push up pattern is still in play although the SPX is riding the upward trendline. I decided to take what appears to be a low risk short. ...

If short has not been squeezed after such a long upside move, then I feel more upside potential now. I am very surprised by the low volume today… It could be that many shorts refuse to cover and the “smart money” (which has been out of the market for quite a while) is not convinced that it’s time to...

What concerns me is that so many people expect the pull back from the 200 MA. Will MMs let the majority cheer? Most time, no.

MrMiyagi wrote:Why are most of you selling your SPY/short/puts?

I guess they are expecting a rebound from here, at least for a short period. So for day-traders, they think the wave is big enough to adjust their positions.

Is the poll closed already?