Cobra's Market View

**************** TRADE ALERT **************** I have closed out my COW calls for a 25% gain. This trade took forever but paid off as it had painted a clear 5 waves down. I remember someone saying you shouldn't trade options on this because it's not liquid. Liquidity was fine as I was able to liquid...

cletus wrote:A breakout in IWM has been, but on weak volume, not sure about it. I am still long this via call options.

Hi Cletus,

Do you think there is resistance line from iwm 5/2/ till now (daily chart)? thanks

cletus wrote:Buying some ZSL here. I'm not at a full position yet on shorting silver but will be by the end of the day.

Hi Cletus, how high you think ZSL could go? thank you

Cobra wrote:I see snake here. Are there male and female snakes? if so, I think it's female.

Hi Cobra,

does this means sym triangle, will continue uptrend?

thank you

Hi, SMH hitting new high, but seems RSI is weekening, what's your thoughts about shorting it? thanks

99er wrote:RUT
Update of 60-minute chart.
http://99ercharts.blogspot.com/2011/05/rut_02.html
Back test complete.

meaning go back up from here? thanks

Bond traders, "the smartest guys in the room", are buying Ten Year Treasuries. So, they may see equities as over bought here. http://stockcharts.com/c-sc/sc?s=$TNX&p=60&yr=0&mn=6&dy=0&i=p63081935372&a=232672859&r=3964 Also, The Smart Money commercials are shift...

cletus wrote:Remember that huge volume spike I mentioned in DRV yesterday? Take a look at DRV today.

yes, so yesterday is accumulation?

cletus wrote:Massive intraday volume spike in DRV.

what does that indicate?

but IYR has low volume.

cletus wrote:No comment

Hi Cletus,

what is the reason you wach IYR so closely? currently it seems it performed the best compared with other index, and RSI pretty high. Do you think buy DRV too early? thanks