Cobra's Market View

btw FOMC minute on Wednesday.

A close look at the USD helps me understand what's going on. Yellen wants to weaken the $$$. If the Fed manages to push the US-Dollar further down (to levels seen in 2007 - 2011) the equity markets will rally like crazy - and so might inflation :shock: USD1.png USDEUR.png on the closer look https:/...

A close look at the USD helps me understand what's going on. Yellen wants to weaken the $$$. If the Fed manages to push the US-Dollar further down (to levels seen in 2007 - 2011) the equity markets will rally like crazy - and so might inflation :shock: USD1.png USDEUR.png not going to happen unless...

meanwhile, for the short term now that friday has make another high then the market has a chance to reach 209-211 area.

It seems that for the long term the trend may have changed. we might be in similar scenario of 94-95 or 2010. really did not see that coming. Of course, there is possibility that we can a very quick reverse to the bear side, like a inverse of 2014 Oct scenario. Would that happen? meanwhile, Friday's...

Checking Dax and S&P500, story is not really the same :geek: indeed, that puzzled me too. hmm seems a couple of correlation has lost . Too much correlation too often is not market healthy. Perhaps there is game now in whipsawing those who depend too much on broad or frequent correlations. the c...

champix wrote:Checking Dax and S&P500, story is not really the same

indeed, that puzzled me too. hmm seems a couple of correlation has lost.

“Beginning on February 29, 2016, NYSE and NYSE MKT will reject any order larger than 1 million shares that is marketable on arrival. NYSE and NYSE MKT will continue to accept orders up to 99,000,000 shares into the Broker systems and orders up to 25,000,000 shares sent electronically to the book pr...

IWM penny away from new weekly high.

IWM, SPY not far off from week high.

K447 wrote:

josephli wrote:as for intraday, i have no clues what has happened from intermarket point of view...

Sometimes the correlation charts must trend negative, no?

it could. but it is a rarity that BOTH crude and USD down market still trend strong.

QQQ indeed new high as speculated.

as for intraday, i have no clues what has happened from intermarket point of view. USD has reversed from morning high, crude big down, TLT big U

QQQ penny away from wednesday high. if SPX would run higher till the end of day, then long term trend might have changed.

fehro wrote:SPX opening around 2047… mind the morning gap.. VIX possible wedge breakout 60m.. Island top … with Wed and this morning gap.. SPX 5m

island top seems rare for spx, i.e. the gap like this get filled more often?

2537.png 2535.png thank u like that target level as short term imp level, guessing we get a breather next week preferred play after employment ,then if pbar target holds, int. term slower grind up, gonna take time, so much resistance here and above...descending broadening wedge target gets to last ...

Megatechs are retreating. Msft still strong

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Pattern wise rising triangle looking.

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Crude has reversed. Lets see what it will do. End of quarter, odd things can happen

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wanteasymoney wrote:(NYSE:PBR) Petroleo Brasileiro SA Petrobras is cheap at these value should be a god bet, anyone on these ?

you have no idea about what happened to petrobras right?