Cobra's Market View

2 weeks ago the Large Spec. & Commercials switched places on the CAD COT chart in a large shift in their positions to a bearish stance. They have both slightly added to their positions this week. Today we saw a new high of 1.33 USDCAD. I expect to see 1.35 USDCAD in the near future. What is stra...

For those that believe in financial astrology there is a 100/100 (max power) Bradley turn date for July 5th.
http://bradleysiderograph.com/2016-turn-dates-sp500/

Current level of volatility of volatility is indicating a significant correction but it may be this month, or Aug.

ISEE sell signal equity C/P ratio: quick shift from extreme caution to extreme aggression. 95 on Thursday to 214 on Friday.

http://www.ise.com/market-data/isee-index/#

I am corrected by Urban Carmel on Twitter.

Al_Dente wrote:What's Driving This Ramp? The Biggest Short Squeeze In 5 Years
https://stockcharts.com/h-sc/ui?s=IWM&p ... =459448492

Also EOM & EO 1/4 window dressing.

possible resitance.. almost at 20d 2092.77.. over that and take out yesterday's HOD.. looking for 2110. would need VIX to break down hard SPX >20d need it to hold looking for 2100- 2110 over 20d .. VIX 2m H&S target 16.75 I don't understand why your VIX touches your upper channel line and mine ...

Daniel wrote:GLD showing strong accumulation all day. (15min Chaikin Money Flow, fairly accurate intraday)

Yes I agree CMF is good on 15 min charts. I use a period of 18, what do you use?

fehro wrote:SPX

They look something like Roy Kelly's cycle identifier and appears where an indicator normally would at the bottom of the VIX chart.

fehro wrote:SPX gaps

Hi fehro, what's the indicator labeled V1, V2 on your VIX chart please?

Dana Lyons addresses very large changes in puts and calls over the last couple of days, which must relate to the VIX eventually. Bottom line they dumped their insurance in the last half of the week and this is not good. http://jlfmi.tumblr.com/post/145724373650/options-traders-over-trim-their-hedge...

What concerns me is the divergence between the VIX and ES. Usually they are inverted but VIX broke above it's bear trend line on Wednesday and ES did not break it's mirror bull trend line until Friday. Furthermore VIX is already at the high side of it's 3 month range while ES is still at the high si...

Trades with cats wrote:Risk is the Feds are working towards banning the levered ETFs.

WTF! Where did you hear that?

SPY bounced from the low of the 1st making a significant double bottom.

BullBear52x wrote:clockworks, buy zone.

TSI is a great indi.
Next supply level at 209.90

Supply at SPY 209.69

Al_Dente wrote:INTRADAY:
USO says bounce, SPY says how high

CL makes another stick save at 42.88 and ES makes a HL at 12:10 EST.

ES formed a 3 push up pattern with a 2 tick overshoot but unfortunately I didn't see it forming.

Daniel wrote:I see a red Snogginhosh!

Hi Daniel,

What is this "Snogginhosh"? This sell off caught me by surprise, I could sure use one of them!

TIA,
RF

If one looks at the ETH daily chart before the open it was a bear bar sitting on the bull trend line, now one can see what was to be expected today. My preference is to trade with ETH charts, I would be lost without them.