10/26/2012 Live Update

[Al_Dente]

my stockcharts is jumpy today
like it's stuttering ...........

[Cobra]

rebound from support, let's see how this rebound goes, no failure allowed for bulls here, otherwise it'd confirm the 3 push up pattern.

[Petsamo]

Good Morning, I just wanted to post this video. This guy was on CNBC Europe yesterday. I know him for a long time, he is a really smart guy. I know reading Cobra Blog is certainly better than watching CNBC. I dont like this talking head tv. But I have a lot of respect for this guy. He raised his equity exposure over 83 % in before Summer. Look what he is saying now.

http://www.frequency.com/video/lakefiel ... 798/-/CNBC

They like showing the chick's leg, but they didn't show her face until the final seconds. Her face wasn't bad at all.

[ClarkW]

my stockcharts is jumpy today
like it's stuttering ...........

Mine as well. Showing a different price on chart vs. the "last price" above

[uempel]

Good Morning, I just wanted to post this video. This guy was on CNBC Europe yesterday. I know him for a long time, he is a really smart guy. I know reading Cobra Blog is certainly better than watching CNBC. I dont like this talking head tv. But I have a lot of respect for this guy. He raised his equity exposure over 83 % in before Summer. Look what he is saying now.

http://www.frequency.com/video/lakefiel ... 798/-/CNBC

Hubon, I saw him too, in the very early morning. Not sure if he's so exceptional I saw a "market buy" recommondation on June 5th from a well known IB, and the same guys issued a short term "sell" recommendation in the week after September 14th... I guess that note went to thousands and thousands of clients

[BigChief]

Big turn south, any news?

Michigan Consumer Confidence lower than expected and maybe people are remembering that GDP is not forward looking and that government buying is not good enough for real GDP growth either.

[Cobra]

members only update at 10:11 am
http://www.cobrasmarketview.com/2012/10 ... ay-update/

[ClarkW]

Nat Gas is continuing lower today. Still holding KOLD but there's some positive D with RSI9 and lil bit for RSI14 on 60 min chart.

[KeiZai]

Pretty mixed signals dollar is weak indexes too? Who is lying?

[TraderGirl]

Good Morning, I just wanted to post this video. This guy was on CNBC Europe yesterday. I know him for a long time, he is a really smart guy. I know reading Cobra Blog is certainly better than watching CNBC. I dont like this talking head tv. But I have a lot of respect for this guy. He raised his equity exposure over 83 % in before Summer. Look what he is saying now.

http://www.frequency.com/video/lakefiel ... 798/-/CNBC

Money Managers here in the states will not tell you that they have gone to cash....I think they are afraid to cause a panic in the market...

[uempel]

KeiZai: as to DAX, daily stochastics had a crossover and the index tends to react quite well to sto. Gained 100 points from 7155 up to 7255 (just a moment ago). Problematic are weekly sto and macd, which don't look good. If DAX continues to rise today I'll be shorting in the 7280 area...

[KeiZai]

KeiZai: as to DAX, daily stochastics had a crossover and the index tends to react quite well to sto. Gained 100 points from 7155 up to 7255 (just a moment ago). Problem are the weekly sto and macd, which don't look good. If DAX continues to rise today I'll be shorting in the 7280 area...

Agree I have ABC to +-7300

[BigChief]

I like to call this my little bearish "steeple" pattern...lets see

[TraderGirl]

VIX back above 200dma...

[ClarkW]

DR. AL Great chart on GDX last night in member's section. Added to my Al folder!

[uempel]

Good Morning, I just wanted to post this video. This guy was on CNBC Europe yesterday. I know him for a long time, he is a really smart guy. I know reading Cobra Blog is certainly better than watching CNBC. I dont like this talking head tv. But I have a lot of respect for this guy. He raised his equity exposure over 83 % in before Summer. Look what he is saying now.

http://www.frequency.com/video/lakefiel ... 798/-/CNBC

Money Managers here in the states will not tell you that they have gone to cash....I think they are afraid to cause a panic in the market...

TraderLady, I think it's also the US regulatory framework. If you manage to pick up good analysis and recommendations in Europe it's often earmarked: UNITED STATES: NEITHER THIS REPORT NOR ANY COPY THEREOF MAY BE SENT, TAKEN INTO OR DISTRIBUTED IN THE UNITED STATES OR TO ANY US PERSON.

It's kind of funny, because the teams who write the reports might include US citizens and the bank itself might be incorporated in the US....

[Hubon]

I can not judge this. What I can say is that 99 % of PM's have mandates, and their asset allocation has to be fullfilled within that mandate the client is giving them. So they just follow asset allocation rules set up by client

The PM's of Funds I am working with can not have high cash exposure because they are benchmarket followers. If they have too much cash they underperform, so highest cash holdings may be 7 %


There are very view asset managers who have the freedom to allocate by themselve.... Bruno is one of them

[uempel]

DR. AL Great chart on GDX last night in member's section. Added to my Al folder!

So you have an Al folder Do you also have binders full of women

[Al_Dente]

relative strength
banks were the strong link; not today

[TraderJoe]

From BusinessInsider;
Barry Ritholtz, who has made some excellent timing calls in the past, says he's paring back on stock holdings.
I have cut back on some major holdings, and raised our cash levels to 25% in the asset allocation model I manage. I removed half of our energy positions, eliminated our emerging markets exposure. The biggest move was cutting S&P500 exposure by 50%. A handful of clients who had outsized Apple exposure saw those positions reduced by a third. We maintain a heavy bias in long portfolios in health care and in consumer staples. I have no desire to reduce treasuries or munis, which will become a safe harbor if and when things get choppy. (I have NOT added inverse ETFs, but that is something I may consider in the future).
Note that these portfolio moves have nothing to do with the upcoming elections or the fiscal cliff. I agree with what Michael Belkin said at the Big Picture conference: “People should forget the Fiscal Cliff, this market is all about the Earnings cliff.”
He goes onto put a 60% chance of a recession in the next 18 months.