Cobra's Market View

DellGriffith wrote:My bias is new all time highs for SPY this month...probably before feb. 19th. Given the large number of bears, we might have the fuel to breach the upper bb next week, gap up and run. It is the bullish season.

Nice chart there Dell! Thanks for your insights.

OK, gold moving down, so once it gets below 1286.20 (almost there now) we are prob looking at dollar strength interpretation of FOMC, which puts SPY up & EUR/USD down.

Gold just made its first quick move today--up a bit, then cut back. EUR/USD made a break down at same time, still down. Seems conflicting these two moves....still waiting.

Re AAPL: I get the high expectations, the IV, the sentiment and the technical ambiguity/ or down-right unpleasantness of the current chart, but what I can't get is somehow related to MSFT. Those guys are a bunch of clowns. Plus Forex? Gimme a break. Finger pointing cry babies. They can't give their...

Junior Buffet Cutting rates to fight deflation has worked wonderfully for the Japanese, in fact we learned a couple of weeks ago that Paul Krugman had been personally advising them. I sure hope they follow through because I would love to have a summer place in the Gulf Islands, or at least one of t...

Cobra wrote:don't you dare say anything. I know nowadays triangle simply break on the opposite side of i'm calling, but still the chart is not bad for bulls. I don't believe the triangle downside target on the chart.

Perhaps draw your triangle from the 10:25 low?

Junior Buffet Cutting rates to fight deflation has worked wonderfully for the Japanese, in fact we learned a couple of weeks ago that Paul Krugman had been personally advising them. I sure hope they follow through because I would love to have a summer place in the Gulf Islands, or at least one of t...

Anyone sees impact of Canadian Bank's decision to cut the interest rate? Do you think other developed nations will follow the suit to come out of so called deflation?? Personally, I put Canada's cut in the same place as Norway's cut (last week?) & the Swiss cut last week (yes they also cut inte...

It is days like today and probably tomorrow where news over-rides normal technical signals that lead me to Epsilon Theory and his attempts to incorporate modern game theory into technical trading. Not that I understand it, in fact all I have been able to do is post warning notes on my calender for ...

Bank of Canada 25bps surprise rate cut. What a green bar there on the USD/CAD pair. I got out too early.

Typically currencies don't move so much. I mean, for perspective, keep in mind that the CHF fall was the HIGHEST EVER since 1971 Bretton Woods...i.e. a free (-ish) currency market.

Al_Dente, I went thru the numbers this morning: let's say someone put 1.5% of his capital in a short CHF versus USD and 1.5% in a short CHF versus EUR he would have been wiped out - I'm assuming a FX leverage of 1:100 and that 97% of his capital was safe and used as margin. And by the way, I know a...

Online rumor is that Bank of Japan to increase stimulus at their meeting next week. That would push up USD/JPY & SPY. The Japanese spent a LOT of money getting Euro Yen to 150 last fall. All the gains have been given back this month. I have been figuring they would wait until the ECB dust settl...

Online rumor is that Bank of Japan to increase stimulus at their meeting next week. That would push up USD/JPY & SPY.

83% ALL opening long overvalued calls/puts, 80% EQUITY opening long overvalued calls/puts, 127% INDEX opening long undervalued calls/puts All suggest double bottom in and HIGHER we go https://www.ise.com/market-data/isee-index/ Heck, I thought % under 100% meant down? ... and where do you get the &...

US had the 'expected' below expectations miss on retail sales this a.m. which led to the drop on the S&P futures below 2000 to 1990. Based on the predictions I've seen for the USD/JPY pair, I'm expecting both to go down today. USD/JPY pair is said to find support at the last low of 115.55 (right...

Thanks!

Out of Bounds wrote:Shorted again

Nice timing there. What was your trigger? (if you wish to share, no worries if not).

Gold market appears to have been waiting on the FOMC minutes release this week. Trend is bearish already. Just had the first 5 minute move. Bear. Gold COMEX and GLD both made biggest down move starting at 12:35, nothing too huge, but a bit down. Gold COMEX is now under 1260 which is its lowest since...

GDX

Anyone else see the Sell Ask order at 23.71 of 272,100 (now down to 167,100) sitting on the direct edge exchange?

Why such a big order there?