Cobra's Market View

Cobra wrote:question: you really think Ukraine event is over? really not worried about news overnight?

Sorry Snake, accidentally responded on twitter. Same answer here:

When you're about to fight someone smaller than you and then suddenly you're surrounded by all his friends and you go, "Ok. Not this time. Wait 'til next time. Then you'll see." That's backing down.

Putin had a cold this week anyhow. And besides, his shoulder's really been hurting lately.

Cobra wrote:question: you really think Ukraine event is over? really not worried about news overnight?

It feels overly exuberant today.

Everybody I met today has been bullish.
Looks like Ameritrade commercial. Everybody buying stocks .... going all in ... afraid to miss the rally.

Today feels like a top to me.

fehro wrote:

Cobra wrote:question: you really think Ukraine event is over? really not worried about news overnight?

not too worried about Ukraine.. more worried about this..... http://www.ritholtz.com/blog/2014/03/sarkar-report/

We can always print more money to solve any problem, don't worry.

very small pullback then everyone rushed in, very bullish. what I worried is huge vol today, could be the largest vol recently, we'll know after close.

BullBear52x wrote:

Al_Dente wrote:XIV is back-testing her island reversal

34xiv back test_png.png

23 more pennies do or die for XIV bulls.

What you are watching there BB? You are bullish or bearish? Looks kind of alternative played out and now is ready to go after partial gap fill tmr? viewtopic.php?f=2&t=1222&p=155911#p155911

2 bar reversal, needs follow up.

Cobra wrote:

fehro wrote:

Cobra wrote:question: you really think Ukraine event is over? really not worried about news overnight?

not too worried about Ukraine.. more worried about this..... http://www.ritholtz.com/blog/2014/03/sarkar-report/

We can always print more money to solve any problem, don't worry.

<< We can always print more money to solve any problem, don't worry. >>

It is EXACTLY this type of complacent and simplistic attitude that worries me.

no follow up, guess that's it for today. Tuesday really has been very very bullish. If today close at high of the day, likely we'll have another new high tomorrow. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

Nrsimha wrote:

Cobra wrote:

fehro wrote:

Cobra wrote:question: you really think Ukraine event is over? really not worried about news overnight?

not too worried about Ukraine.. more worried about this..... http://www.ritholtz.com/blog/2014/03/sarkar-report/

We can always print more money to solve any problem, don't worry.

<< We can always print more money to solve any problem, don't worry. >>

It is EXACTLY this type of complacent and simplistic attitude that worries me.

Get drunk, buy f*** every dip, man.

I am not bearish here (but looking for at least ST weakness) and this is still possibilty so I would be cautious here http://i.imgur.com/dmEgNwc.png

ALdaytrade wrote:

TraderGirl wrote:Possible fib turn around 12 ish PST..

Could this be the start of wave three?

You got a chart to show me what wave three you could be talking about??

SPX 60m

Cobra wrote:

Nrsimha wrote:

Cobra wrote:

fehro wrote:

Cobra wrote:question: you really think Ukraine event is over? really not worried about news overnight?

not too worried about Ukraine.. more worried about this..... http://www.ritholtz.com/blog/2014/03/sarkar-report/

We can always print more money to solve any problem, don't worry.

<< We can always print more money to solve any problem, don't worry. >>

It is EXACTLY this type of complacent and simplistic attitude that worries me.

Get drunk, buy f*** every dip, man.

Update with ellipses on a long term weekly log:

Diddlin round, drew this, then followed it down to today's daily close, and got this; Crazy Daisy.

Heres a short term update heading into the opening...