Cobra wrote:
again, you forgot to check time, today's update is wrong again.
It may not be up to date but I doubt it's changed much since the market is unchanged from a few hours ago. I'm just going on what's there because there's nothing else to go on.
There might be a pullback Monday but honestly the option sentiment seems way overly bearish to me. I see ISEE (Retail option trading) at neutral levels today implying skepticism plus CPC is at 0.93. Typically good pullbacks don't happen until you see some exuberance. It will be interesting though.
let's forgot the time which obviously is wrong, but you call this too bearish? what reading you think is bullish? above 500???
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Cobra wrote:
let's forgot the time which obviously is wrong, but you call this too bearish? what reading you think is bullish? above 500???
The overall ISEE is more important, in my opinion, because individual equities might be trading lots of calls but ETFs are trading lots of puts, so really, there is healthy skepticism of the rally.
KENA wrote:Thanks for the week COBRA. I have to leave early to day. See you all Monday.
thanks, see you!
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another boring day. nowadays the market moves at night, sleeps in the day time.
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Cobra wrote:another boring day. nowadays the market moves at night, sleeps in the day time.
That's the NY Fed buying emini futures. They're the only buyers left. The only ones left are shorts covering and a few scraps from people who already aren't all in.
today's consolidation doesn't look bad, just cannot image another huge gap up the next Monday, but the consolidation patter does look like that the next move is up.
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guess that's if for today. thank you guys, I'll see you the next Monday. Have a nice long weekend!
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