Cobra's Market View

9:55am Mich sentiment could be turning point.

Wallstreetrader wrote:GM

Anyone buying the gap down ?

Finally Xman, your tenacity is going to pay off!

Me XMan wrote:*****************************************************
SMILING EAR TO EAR MY FRIENDS
*****************************************************

Good morning to all. Is there a hint of changing weather? Hibernation time over?

TLT going a little crazy now.

I'm still trying to wrap my head around today's moves. The better than expected jobs report is telling the market that interest rates will rise sooner than 2014, so as a result, GLD and TLT are down -- higher rates reduce the appetite for treasuries and gold. Higher rates should however boost the do...

So, do you think the market will rally tomorrow on bad jobs numbers in anticipation of QE3?

Any thoughts on GLD? Has it broken out of its channel?

Also, what does C&H mean? thx.

Here's a general investment question:

If I sell my holdings of a dividend-paying stock after the ex-dividend date but before the payout date, will I get my dividend in purely cash or a mix of stock and cash?

It's a setting you can change.

viewtopic.php?f=3&t=355

noname wrote:

Cobra wrote:target at $122.44, missed one cent. But I count it as reached because I always cover a few cents above my target.

hi, Cobra:
The post time still summer time, is it possible swtich back? thanks!

Hey me too! But I bought it yesterday at 28.6 and had too watch it fall at the close and earlier today.

I guess we learnt today that silent Ben + talking Merkel = bad news.

michelangelo wrote:Out of TZA at 30.

Cobra, when you say "lower low" do you mean yesterday's lows?

BTW, I just signed up last night.

We may get a bounce at SPY=123.5

Nope, same as last time.

EURUSD touched a low of 1.305. Very near the 1.2xx psychological barrier.

HighRev wrote:The only member voting against supported *additional* policy accommodation.

That's a change.

Called it..

That's a great idea KENA. Seconded.

KENA wrote:COBRA..Why don't you entertain the idea to make a statement about 1/2 hr befor closing each day on your paid web site on what you think the mkt may do.This would help a lot in making decisions to hold over night.

Not immediately. If recall correctly, markets typically jump up when they announce. Expect the sell off tomorrow. Doesn't market sell off after FOMC meeting everytime? THere is no more bazooka, truthfully. There is, however, an arsenal of mystical, mythical weapons created for talking down risk and ...

Unlikely. US data has been positive lately, so I expect a better outlook from the FED but with a caution for EU risk. 125.50 is the new p-bar target, apparently. Someone (or something) is signalling the hell out of this target area. Bots? Who knows. Bottom line: p-bars are predictably accurate more ...

What a powder keg! Just a few words from Merkel and BAM!

Today is going to be an interesting day: gentle Ben vs unrelenting Merkel, I wonder who has more sway on the market.

Looks to me like it might be forming new resistance/support.

proteus46 wrote:

USO 12-6-2011.png

USO may be topping again. imo

Does anyone think that the Russian protests are going to grow, and will be bullish for oil?

http://www.bbc.co.uk/news/world-europe-16050028