Cobra's Market View

The big boys are having a conference, no wonder the market is so quiet today

http://www.reuters.com/article/us-funds ... SKCN0XV2E7

Jim Chanos the legendary unicorn slayer, who isn't in the habit of being wrong, just took the punch bowl away from Elon Musk. Major short positions in Elon's two publicly traded companies. He better have a real spellbinder of a new product story tonight at his earnings call. probably this http://ww...

Out of Bounds wrote:

BullBear52x wrote:finally see the strength I was looking for, well first baby step anyhow.

Still holding my 45.75 and still looking for a move to 53

Crude? thought you mentioned you don't trade crude.

Like many of you, we have business accounts that have debit cards attached to them. Our bank just called and questioned us about a couple of transactions associated with those cards. They were fraudulent transactions. We were then informed that there is NO protection against fraud for debit cards a...

http://www.bloomberg.com/news/articles/ ... egade-blog

interesting about zh. sounds like the authors do know some sht

Junior Buffett wrote:

fehro wrote:VIX strangely quiet… SPX/NDX both new lower lows.. than yesterday.. RUT/TRANSports at HOD.. VIX no new higher high today.. diversion techniques.. hold us up..

Agree, VIX not buying this sell off..will have late day market surge...

I worried the correlation could be off again.

checking in. my view is that the magatechs are building a major top. today could be the confirmation. fundamentally, goog & fb have a lot in common in their revenue stream, msft and amzn are similar too (amzn's consumer side is not a major source of profit as yet). both msft and goog results are...

USDJPY strong. The market is weird in that in only couple with bullish intermarket play.

OPEC, NON-OPEC MINISTERS FINISH OIL TALKS IN DOHA, NO AGREEMENT - RTRS OIL PRODUCERS END DOHA TALKS: OMAN MINISTER - BBG DOHA OIL TALKS FINISH WITHOUT FREEZE DEAL: NIGERIAN MINISTER - BBG OMAN MINISTER SAYS OIL PRODUCERS NEED MORE TIME TO REACH DEAL Today: Saudi stocks have fallen by the most in th...

the opec has been on a roller coaster. yesterday the news said agreement in the pipeline, ministers very optimistic

but the latest: http://www.bloomberg.com/news/articles/ ... -over-iran

Good preview of Sunday’s OPEC meeting: Scroll down to “Bloomberg Q&A” http://www.zerohedge.com/news/2016-04-15/if-no-agreement-expect-sharp-selloff-all-you-need-know-about-doha 13 members of OPEC are: Algeria Angola Ecuador Indonesia Iran Iraq Kuwait Libya Nigeria Quatar Saudi Arabia UAE Venezu...

I have a dream. bears have no dream at all What happened to that H & S? The patterns in the market do not work anymore. I have an idea that we might reach 2100 next week or higher. As I reviewed some of the stats on the indicators I followed, it seems non-pattern becomes more and more common, i...

I take a long weekend and oil goes through the roof while Aunt Janet has three secret meeting in a row. You people want some real excitement just wait for me to go on a weeklong vacation in May! Waiting for EIA to confirm large build at 10:30. Question is will it be like last week and set off a sec...

from here market should go up and up till EOD. bull needs to break SPX 2068 intraday

crude up, but.... http://www.reuters.com/article/us-oil-tankers-congestion-insight-idUSKCN0X91E4 OPEC meeting this week, maybe sell the news? maybe, but if, big if, they come up with a real deal, oil could rocket, and take markets with it....... oh well, even if they have the deal, it does not nece...

crude up, but....
http://www.reuters.com/article/us-oil-t ... SKCN0X91E4

OPEC meeting this week, maybe sell the news?

again, for the short term, it seems there is some space to run to test ES high of 2071

Intraday, we have entered a phase of non-pattern. Supposedly a big rally of USDJPY and crude will help the bull, we have seen in the last couple of days these correlation could decoupled fast. there is no significant edge here either trend following or counter trend, though it is still profitable wi...

it seems as if market try to decouple from crude but recouple with USDJPY. BOJ has made it clear that it will intervene at some point. gotta be interesting.

"..yet another point about how different this market has been this year..." -D An echo of the several comments on this by Denali can be found in the writings of Jeff Hirsh, master of seasonality, on the odd nature of 8th years of presidencies, the proverbial "lame duck" year. If...