Back to www.cobrasmarketview.com

04/25/2011 Intraday Watering

User avatar
Cobra
Site Admin
Posts: 58334
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/25/2011 Intraday Watering

Post by Cobra »

Jennyahwu wrote:Cobra, I remember you say it should close red in this Monday, how about the rest of days in the week? thanks ad.
if bears want to fight back, it's this week especially after 04/27 FOMC announcement. All I can say now are bears have better chances to fight back than the next week.

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
StrikePrice
Posts: 770
Joined: Wed Mar 30, 2011 1:27 pm

Re: 04/25/2011 Intraday Watering

Post by StrikePrice »

Cobra wrote:
jde77tex wrote:Cobra... can you comment on what your thoughts are currently on VXX? The VIX is up 7% and yet the VXX is down 1.7%??
Thanks for any input.
don't trade VXX, it's nothing to do with VIX. If you can short VXX, maybe that's a good idea, just hold it and let it drop to zero.
I agree with Cobra, only trade VXX is you understand everything about the VIX, do you know what contango is?. Otherwise don't hold it for long unless you're shorting it, like Cobra says.

This spike in the VIX with VXX trading down could be a buy setup. VXX looks to be ending it's down cycle around now but any attempt to trade this is highly speculative and short-term only.

I do wonder what this sort of a set up, VIX spike and VXX w/ RSI(2) < 10 has done in the past?
User avatar
BullBear52x
Posts: 29512
Joined: Tue Feb 22, 2011 3:47 pm

Re: 04/25/2011 Intraday Watering

Post by BullBear52x »

MACD 1 hour developments:

$SOX bearish crossed
XLF few more minutes to tell
TYP bullish crossed
QQQ bearish crossed
IWM beraish crossed

Party time for bears soon?
My comments are for entertainment/educational purpose only. NOT a trade advice.
bbc
Posts: 168
Joined: Mon Apr 04, 2011 10:18 am

Re: 04/25/2011 Intraday Watering

Post by bbc »

I use the VWAP for intraday trades. It serves as confirmation – as long as SPY is trading above the VWAP, I usually give the rally the benefit of the doubt. If it crosses the VWAP to the downside, I will short with a stop at the VWAP (it’s amazing used as support/resistance).

Use it on an intraday 1 minute time frame. It is a powerful compliment to traditional chart reading.[/quote]

do you understand why?
User avatar
Cobra
Site Admin
Posts: 58334
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/25/2011 Intraday Watering

Post by Cobra »

tough call here. let's wait and see.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
bbc
Posts: 168
Joined: Mon Apr 04, 2011 10:18 am

Re: 04/25/2011 Intraday Watering

Post by bbc »

I agree with Cobra, only trade VXX is you understand everything about the VIX, do you know what contango is?. Otherwise don't hold it for long unless you're shorting it, like Cobra says.

This spike in the VIX with VXX trading down could be a buy setup. VXX looks to be ending it's down cycle around now but any attempt to trade this is highly speculative and short-term only.

I do wonder what this sort of a set up, VIX spike and VXX w/ RSI(2) < 10 has done in the past?[/quote]

contango has little affect on VIX futures.

the test you suggest, what is the timeframe?
User avatar
Cobra
Site Admin
Posts: 58334
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/25/2011 Intraday Watering

Post by Cobra »

a little bigger picture is not bearish.
Attachments
2.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
bbc
Posts: 168
Joined: Mon Apr 04, 2011 10:18 am

Re: 04/25/2011 Intraday Watering

Post by bbc »


a small ETF shop suffered similar story two weeks ago. like $xx to cents.
User avatar
soku
Posts: 1893
Joined: Fri Mar 25, 2011 10:02 am

Re: 04/25/2011 Intraday Watering

Post by soku »

any important er after close?
i feel like the market is waiting for something. or it could just be easter

call me permabear, i think es is posed to go down
The goal is not uniformity. It is understanding and idea exchange.
User avatar
Cobra
Site Admin
Posts: 58334
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/25/2011 Intraday Watering

Post by Cobra »

hmm, this kind of close could mean more weakness tomorrow morning assume there's no miracle in the last 8 minutes. I see 2 legged down here, this is the 2nd leg down and that's why I think we may see more weakness tomorrow morning.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58334
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/25/2011 Intraday Watering

Post by Cobra »

well, I guess that's it for today, another boring day, but the overall picture still looks bullish to me. Thank you guys, I'll see you tomorrow!
Attachments
2.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
ocassional observer
Posts: 145
Joined: Wed Apr 06, 2011 12:07 pm

Re: 04/25/2011 Intraday Watering

Post by ocassional observer »

yoku wrote:any important er after close?
i feel like the market is waiting for something. or it could just be easter

call me permabear, i think es is posed to go down
NFLX. but the market awaits his drug dealer bernaneke.
WesMantooth
Posts: 9
Joined: Mon Apr 25, 2011 10:49 am

Re: 04/25/2011 Intraday Watering

Post by WesMantooth »

bbc wrote:I use the VWAP for intraday trades. It serves as confirmation – as long as SPY is trading above the VWAP, I usually give the rally the benefit of the doubt. If it crosses the VWAP to the downside, I will short with a stop at the VWAP (it’s amazing used as support/resistance).

Use it on an intraday 1 minute time frame. It is a powerful compliment to traditional chart reading.
do you understand why?[/quote]

No - I learned this technique from Craig when he used to moderate the Stocktock.com board. Could you share your thoughts? :)
User avatar
DaWay
Posts: 57
Joined: Fri Feb 25, 2011 4:47 pm

Re: 04/25/2011 Intraday Watering

Post by DaWay »

So let me share my 2 cents:
As dubious as a snake can be:
(bulls and bears co-existing = snake)

More: http://iloliway.blogspot.com/
Attachments
SPX
SPX
ES
ES
To see my intraday/daily updates: http://iloliway.blogspot.com/
User avatar
Cobra
Site Admin
Posts: 58334
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/25/2011 Intraday Watering

Post by Cobra »

DaWay wrote:So let me share my 2 cents:
As dubious as a snake can be:
(bulls and bears co-existing = snake)

More: http://iloliway.blogspot.com/
:lol:

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
jannypan
Posts: 3
Joined: Wed Apr 27, 2011 1:31 am

Re: 04/25/2011 Intraday Watering

Post by jannypan »

HAHAH, GOOD.
Post Reply