04/12/2013 Live Update

[Cobra]

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Gap down open along yesterday's low, so not sure if the gap will be filled or not.

For now, I read the Global as forming a Bull Flag, therefore still is bullish biased.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/04 ... ay-update/

[jademann]

something for the bears, the DAX is down 1.5% today. Also we are painfully close to "sell in may and go away". Just an FYI.

[johnnywa]

Pullback to 1540-50 ,then up to 1610-25 eom,and down 8-10% in sell in May???

[gappy]

The beatdown to turn sidewinder until QEinfinity is eased. COT considered here, though I think it to be white noise in today's modern market manipulations vs past hedge use. GLTA today.

Capture.PNG

[Out of Bounds]

Closing shorts in the AM since 8:45 and only have 1/2 my position filled. Busy morning.

[JFR]

Markets down a bit ...

[L_T]

Commodities down across the board and here is oil via USO.

[Out of Bounds]

Closing shorts in the AM since 8:45 and only have 1/2 my position filled. Busy morning.

Out - neutral

[Denali92]

Last two times the fireworks set up occurred before opex?

Sept 2012 and July 2011....

could make for some interesting trading next week...

-D

[Cobra]

people may see this as a buy opportunity. let's see.

[jademann]

cobra how do you know this is a buying opportunity? What are you seeing?

[gappy]

Last two times the fireworks set up occurred before opex?

Sept 2012 and July 2011....

could make for some interesting trading next week...

-D

[BullBear52x]

Sell at resistance here, will see, looking at 1577.68

[BullBear52x]

a trade below 1580, it will be a bear day. a support above bull will run hard. /ES proc

[flrtrader]

Sell at resistance here, will see, looking at 1577.68

Good Eye Im looking for a test of 77.62 and a failure. Targeting 1563

Short the close yesterday. But also have targets of 1598 if the 88 does not hold it.

Sitting on hands here

[flrtrader]

I also see Gold at 1519 possibly 1509

[BullBear52x]

Sell at resistance here, will see, looking at 1577.68

Good Eye Im looking for a test of 77.62 and a failure. Targeting 1563

Short the close yesterday. But also have targets of 1598 if the 88 does not hold it.

Sitting on hands here

I will not feel good for bears until <1580.04

[gappy]

Sell at resistance here, will see, looking at 1577.68

I'll see your 1577.36 and raise you a 1551.11.

spx.png

[L_T]

Cobra please tell us this bear has legs!