11/09/2012 Live Update

[Cobra]

members only update at 11:22am
http://www.cobrasmarketview.com/2012/11 ... ay-update/

[gappy]

i'm struggling with if i should raise cash (aka sell some shit) before the weekend, or wait until monday.

anyone have an opinion.

*i know this is a very general question.

Always have dry powder to gamble on a "can't miss" swing. Follow as many tickers on daily basis as you can, treat em as friends and family, get to know their moods so as to profit from their actions. General answer.

[Petsamo]

i'm struggling with if i should raise cash (aka sell some shit) before the weekend, or wait until monday.

anyone have an opinion.

*i know this is a very general question.

It depends on what you're holding. This morning, I sold whatever went green (USO, CLF, AMD). EWZ (Brazil) is the most beat up country that I know of. I reduced my EWZ exposure, but this is what I'm comfortable holding. Coal, oil, and maybe mining, are falling knives.

[L_T]

i'm struggling with if i should raise cash (aka sell some shit) before the weekend, or wait until monday.

anyone have an opinion.

*i know this is a very general question.

From just some guy who spends too much time looking at charts my gut says we are due for a bounce. I'm thinking of going long (for just a few days probably) where we have seen some relative strength.

For example, on weekly charts both FCX and NUE are showing nice patterns above various EMA's and look like they want to go higher if we see any strength in the markets overall. Just one momentum follower's opinion!

[Al_Dente]

KEIZAI
that youtube panda TOTALLY cracked me up

[gappy]

i'm struggling with if i should raise cash (aka sell some shit) before the weekend, or wait until monday.

anyone have an opinion.

*i know this is a very general question.

It depends on what you're holding. This morning, I sold whatever went green (USO, CLF, AMD). EWZ (Brazil) is the most beat up country that I know of. I reduced my EWZ exposure, but this is what I'm comfortable holding. Coal, oil, and maybe mining, are falling knives.

PETR4:BR Petroleo Brasileiro Petrobras SA 9.22%
VALE5:BR Vale SA 7.90%
ITUB4:BR Itau Unibanco Holding SA 7.18%
PETR3:BR Petroleo Brasileiro Petrobras SA 6.77%
BBDC4 Banco Bradesco SA 6.41%
AMBV4 Companhia de Bebidas das Americas Ambev 6.33%
VALE3:BR Vale SA 3.88%
PRGA3:BR BRF Brasil Foods SA 2.67%
BVMF3 BM&F Bovespa SA Bolsa de Valores Mercadorias e Futuros 2.62%
ITSA4 Itausa Investimentos Itau SA 2.53%
EWZ holdings. Some goodens in there. No posistion.

[Al_Dente]

YESTERDAY

“VIX And VXX Fall As The Markets Fall: Confused?”

http://seekingalpha.com/article/992741- ... itle&ifp=0

“The VIX is heavily weighted toward the December S&P index options, and after …[today]… it will roll into January as the next-term option structure….The options market is not expressing high anxiety relative to the degree of selling that we've witnessed …. Part of this is due to seasonal factors, but part of it is also probably due to …”

[Petsamo]

OMG !!

MCP reported -5 yesterday after-hours, which is better than expected. For the first few hours, MCP was trading +7%, then they slammed it. They stopped the trading at -12.79%. My last sell on MCP was 9.35.

Just started trading again.

[johnnywa]

i'm struggling with if i should raise cash (aka sell some shit) before the weekend, or wait until monday.

anyone have an opinion.

*i know this is a very general question.

From just some guy who spends too much time looking at charts my gut says we are due for a bounce. I'm thinking of going long (for just a few days probably) where we have seen some relative strength.

For example, on weekly charts both FCX and NUE are showing nice patterns above various EMA's and look like they want to go higher if we see any strength in the markets overall. Just one momentum follower's opinion!

If Obama dosent tank market at 1:00 i will stay long until tuesday new moon/eclipse,if market tanks i am out

[TraderJoe]

I received this info this am;
Note that VIX was halted yesterday for a while because of "system problems." Once again, when 70% of daily average volume in all asset classes is driven by HFTs and their algos, I have no idea what is cooking behind the door. VIX did not respond today, but for all we know VIX could go parabolic tomorrow without much of a corresponding sell off in S&P and we will all be trying to explain what the heck happened.

[uempel]

This system suggests SPX will come down to 1340ish, and if we consider the H&S formation it makes sense

[Al_Dente]

AAPL flag

[uempel]

Jarbo, why do you have sh... in your portfolio? I try to focus on trades/investements I believe in - and if my ideas are not confirmed I sell, I sell immediately.

[Petsamo]

PETR4:BR Petroleo Brasileiro Petrobras SA 9.22%
VALE5:BR Vale SA 7.90%
ITUB4:BR Itau Unibanco Holding SA 7.18%
PETR3:BR Petroleo Brasileiro Petrobras SA 6.77%
BBDC4 Banco Bradesco SA 6.41%
AMBV4 Companhia de Bebidas das Americas Ambev 6.33%
VALE3:BR Vale SA 3.88%
PRGA3:BR BRF Brasil Foods SA 2.67%
BVMF3 BM&F Bovespa SA Bolsa de Valores Mercadorias e Futuros 2.62%
ITSA4 Itausa Investimentos Itau SA 2.53%
EWZ holdings. Some goodens in there. No posistion.

I follow Germany, Italy, Spain, SPY, China, Russia, India, Canada, Mexico, Chile, Latin America, emerging markets, Japan, Turkey ...
Brazil used to be a magnificent ETF, now it is the weakest.

[KeiZai]

Enjoy your weekend guys I am done already will let it fly I am curious how far this bounce will go


see u in WW

[Al_Dente]

Up volume to down volume ratio is 1.88 to 1
Volume supports rally but nyadv says 1600 CHOP at the moment

[gappy]

PETR4:BR Petroleo Brasileiro Petrobras SA 9.22%
VALE5:BR Vale SA 7.90%
ITUB4:BR Itau Unibanco Holding SA 7.18%
PETR3:BR Petroleo Brasileiro Petrobras SA 6.77%
BBDC4 Banco Bradesco SA 6.41%
AMBV4 Companhia de Bebidas das Americas Ambev 6.33%
VALE3:BR Vale SA 3.88%
PRGA3:BR BRF Brasil Foods SA 2.67%
BVMF3 BM&F Bovespa SA Bolsa de Valores Mercadorias e Futuros 2.62%
ITSA4 Itausa Investimentos Itau SA 2.53%
EWZ holdings. Some goodens in there. No posistion.

I follow Germany, Italy, Spain, SPY, China, Russia, India, Canada, Mexico, Chile, Latin America, emerging markets, Japan, Turkey ...
Brazil used to be a magnificent ETF, now it is the weakest.

If the worm don't turn, it don't get to turn again.

[Cobra]

lots of overlaps so I still don't read this rebound as strong, FOR NOW.

[jarbo456]

thanks for all your opinions. all duly noted and considered.

i don't have 'shit', i just meant "shiet". i'm about 10% away from the cash level i feel comfortable with in this market. i should've sold some winners and cut some losers a few days ago, but as we all know hindsight is 20/20.

plus i think your 1340 is pretty accurate - i'm looking at 1320/40 at some point in the near term - just trying to maximize my exits to raise cash. i'll reenter opportunities around 1320/40.

[alvian33]

cobra, can you comment on gold please, thanks