Cobra's Market View

POT has a bounce. It's underbought

soku wrote:it's happening!!!
trying to def 1340 area which was the peak before the break out. i don't think it can hold. a better support is at 1330 area. (all points in es)

i am looking for the gap filled .. maybe not today but soon

Petsamo wrote:IWM leading the way down

interesting huh?

IWM near yesterday's low

taggard wrote:

Petsamo wrote:IWM leading the way down

interesting huh?

EWZ (Brazil) & ILF (Latin America) are not taking the sell off seriously

"ECB not sure yet whether to contribute to the Greek debt restructuring"-Eurozone sources

waverider wrote:

BullBear52x wrote:

jimme wrote:

BullBear52x wrote:SONC fans http://bullbear52x.blogspot.com/

An event like this usually marks a market top.

I will keep shorting and be nimble until bears can take out 133 (SPY) if not a good swing set up will have to wait.

BB, putting DBV on elders system is an excellent idea, indeud!

TVIX is ripping, I'm back in the money

Thanks, high pressure on VIX, I don't trade TVIX but two legs down from 110 to 14 yike!

However, early in U.S. trading, Dow Jones Newswires reported that the ECB may hold off on helping Greece until after other key elements of its ongoing debt negotiations fall into place.

”The market gets a bit ahead of itself each time a ‘breakthrough’ seems nigh, only to be disappointed, as the discussions are likely exceptionally messy with many moving parts,” said David Watt senior fixed income and currency strategist at RBC Capital Markets “However, the market does sense that something is going to be done and the euro is holding above $1.3234.

TraderGirl wrote:

Cobra wrote:

TraderGirl wrote:

Cobra wrote:the open.

Cobra, looks like we will sell the news today, what do you think??

I don't see sell yet. What's the news?

I guess it is a sell the news kind of day...Europe news?? Have we heard it yet? Or did we just meet time and price objectives...

The news is that the ECB is indecisive on whether or not to contribute to Greece's debt or not. SOS...

knurbs wrote:"ECB not sure yet whether to contribute to the Greek debt restructuring"-Eurozone sources

it depends from germans, next week they will try to approve it in parliament of course only in case that greece will agree with bailout

waverider wrote:

TraderGirl wrote:

Cobra wrote:

TraderGirl wrote:

Cobra wrote:the open.

Cobra, looks like we will sell the news today, what do you think??

I don't see sell yet. What's the news?

I guess it is a sell the news kind of day...Europe news?? Have we heard it yet? Or did we just meet time and price objectives...

The news is that the ECB is indecisive on whether or not to contribute to Greece's debt or not. SOS...

do they have choice not to contribute!? it just imply default-possible for me if they saying that ...

I've got enough shorts now. Gonna sit and watch how low they gonna drop this market.

UNG, the contra-SPX

Be nimble bears, I see TRIN action is not so bearish, weird!

Thanks, high pressure on VIX, I don't trade TVIX but two legs down from 110 to 14 yike![/quote]

Yep, will be shocked if it can bang through that gap @ $15

so far looks like a small bear flag.

I see 134, but there will be a good bounce there, 5dma + fresh bearish STO crossed. dip buyers will show up at that point me thinks.

Chart of UCO...

CL, from one fork to another....

BTFD now?