04/09/2013 Live Update

[MrMiyagi]

[Cobra]

well, guess that's it for today. the easy call for the next day was broken today, well, at least it made me a good time in the past 13 trading days.

I need dig a little before blah blah about tomorrow, overall, not bad for bulls, the guess was over. Members should now remember what I said last night that "the surprise is always with the trend" so trading should be with bias no matter how technically the indicators are on your side. You know how I traded those days. Thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[stlwater]

Welp that RSI closed on the trendline SPY daily.. works for me.

[Al_Dente]

THANK YOU COBRA
u 'da snake

thank u cobra.png (214.38 KiB) Viewed 2658 times

[Out of Bounds]

See y'all tomorrow.

[johnnywa]

ok 1555-57 tomorrow,see how far we bounce up,than nasty downturn

[joeynickels]

ok fine, who was long FSLR yesterday ?

I was and still am long FSLR, but it is a longer term holding for me so not like I was there for the short term in and out play.

ok boss
(u now qualify as an "official" boss)
btw: what else u long?
you know.... just curious....

Long CHKP, DSX, EBAY, UGL (reduced position size after taking profits today and sold all of my AGQ today).
Also long TZA so really short IWM and I shorted XIV at 24.44 today and was happy to see that it did close outside of the upper BB which has been a good trade past few times on close outside upper BB.

[Unique]

Guys, 40.5% of JCP float traded today.

89M/219.75M

[Unique]

Al that "Afraid to Trade" link you posted earlier was good stuff. I like when bloggers have at least some free content. Not everyone can have a paywall blocking everything.
So having said that---thanks to Cobra for this forum!

Corey's a long-term FOP (friend of pasta)
he used to be ALL free...... now he's a big shot

His paid reports are very good BTW.

[Al_Dente]

ok fine, who was long FSLR yesterday ?

I was and still am long FSLR, but it is a longer term holding for me so not like I was there for the short term in and out play.

ok boss
(u now qualify as an "official" boss)
btw: what else u long?
you know.... just curious....

Long CHKP, DSX, EBAY, UGL (reduced position size after taking profits today and sold all of my AGQ today).
Also long TZA so really short IWM and I shorted XIV at 24.44 today and was happy to see that it did close outside of the upper BB which has been a good trade past few times on close outside upper BB.

Cool, thanks
ps: how's the new job, boss?

[KeiZai]

The Dow just made a new all time high.

I'm panicked in my SPY call leaps which are up nicely as the buy the dip strategy works perpetually so far in 2013 (no trading losses). But, what to do?

WAS THAT THE TOP?????

Hahaa go buy the dip mate I just made the opposite : viewtopic.php?f=2&t=879&p=125650#p125650


sorry no GL to u

This guy is a real putz! Needs to have someone bitch slap him... Saw a comment yesterday hounding Cobra (edit: and this comment above is a continuation of the slurs against Cobra)...don't like that...next time I see this I will not keep my mouth shut...

Yeah I see, he sounds like yahoo finance guy and he comes to save us ...he probably don't know here are mostly experienced traders

Here is DOW update how I see it : viewtopic.php?f=2&t=879&p=125650#p125650

In EU : DAX and EX have completed ST structure and bounced big today but I am not sure if this is just a bounce or trend renewal (so far I am playing the bounce but I am leaning toward FLAT till it become clear)

O: viewtopic.php?f=2&t=878&p=125412#p125412

is at the upper yellow line atm (wedge) so kind of key time

Euro index not looking bad too