Cobra's Market View

Was going to ask, but it sounded snarky at the time, now not so much, FANGS are in serious danger until it is clear Asia has gone back to work. Retailers with no product to sell are not going to buy advertising or cloud computer space. Currently popular comment on Twitter today for getting things ou...

ES 3350 is the magic options number. VWAP sitting just below the overnight low. Zerolag oscillator heading for zero, kinda dicey for the bulls here.

And here they go making a run for it.

Decision time. Bulls really need to break through as this is the third time today stopped just below ES 3350.

Yea no euro zone hedge funds selling hard into the close today.

- that is what day of the month do they do their monthly buying for the passive index fund investing? Don't forget that the perma bears have been forecasting Armageddon for etf investors when the market hits a real correction. They claim that the sponsors are under zero obligation to provide a mark...

Charting Software- Lots of people love Think or Swim charting. I know for a fact that Schwab doesn't care if you have a low balance account (don't ask me how I know). People were setting up accounts with essentially zero balance to get access to the charting functions. I do know that they are a hot ...

ES 3337 being a lump with 616 buy offers.

ES 03-20 (2000 Tick) 2020_02_21 (8_27_59 AM).png Chart degraded. Computer video keeps getting hot flashes. Dumped everything that wasn't factory or Lizard indicators. Hasn't helped. Could be all the software updates. Suspecting my gamer keyboard software that controls the LED's on the keys. Probabl...

Into the congestion zone around VWAP ES 3965 area.

Looking like ES 75 is too far away. Ready to drop into the close.

Jim Bianco on twitter says this Global Times article is the cause of the selling-fear that the rest of the country will shut down. "A central Beijing hospital reported 36 novel coronavirus cases as of Thursday, a sharp increase from nine cases from two weeks earlier, leading many to fear a pote...

Coolbiz tweeting in real time today. Says watch out for RYFO (rip your face off rallies) over the next couple of weeks.

ES 3350 has been widley touted on twitter as the options floor for this months cycle.

In our little town we go to the silent movies around valentines. Restored 1920's movie palace with original organ and digitally remastered slapstick. This was a rug pull for sure. Wonder how many billions of options premium on calls just evaporated. Oh! They stop trading at the NY open tomorrow, wha...

I was thinking a small drop to ES 3385 going int the close. Clearly I was thinking wrong. I like 85 because as of yesterday it was the options pain level. But tomorrow is when it counts.

Someone commented on twitter someone who is paid to write- that this market has nothing to do with economics or anything related to business. Totally driven by central bank handouts and stock buybacks. Thus the response to China shutting down, because bad news means more fed printing. And now we hav...

"With the surge in call buying, their total outlay has exceeded more than $7 billion in premiums paid each of the last two weeks . That’s far beyond anything we’ve seen in the past 20 years." https://sentimentrader.com/blog/options-traders-spend-billions-betting-that-this-rally-wont-end/ ...

Once again we hit the high just as the European time zone cash markets close.
An hour to pull back and retest the high, then 30 minutes to add 3 points. I can hardly contain my excitement.

Finally got there by creeping. As you would expect lots of sell orders at 3990