Cobra's Market View

We're never going down again!!!

FYI spy hit Mr.Miyagi's p-bar from yesterday, now pullback

Both /ES and Cash spy are lining up really nice, This sell will be good on both. me thinks, well, see you all in a few hours

Tna can be counted as impulsive and corrective strucutre as well, fail here then it is 3w str.

Out of Bounds wrote:

Tabby wrote:Cash Buyers in real estate could cause another meltdown in economy down the road. The numbers of these cash buyers have significantly increased.

I am not sure I understand. How could cash buyers cause a meltdown - it would seem that without leverage there is very little risk of a meltdown since these buyers can not experience a foreclosure.

Agreed. If an all-cash buyer walks away form their property they walk away from their own money. Seems this increasing would act as a stabilizing force......

KeiZai wrote:Tna can be counted as impulsive and corrective strucutre as well, fail here then it is 3w str.

TNA.png

That's music to my ears, thanks boss, later...

Closing short

L_T wrote:

Al_Dente wrote:Dougie Short charts the LUMBER problem (limit down yesterday; down 25% In The Past 70 Days)
“Lumber is not the ‘Holy Grail’ of stock market indicators, yet often times it has paid to respect it at the top and bottom of this 20-year channel and its message for the stock market.”
http://seekingalpha.com/article/1465941 ... view&ifp=0

Does anyone what "Lumber" actually refers to? Are we talking the cost of something like X number of 2 x 4's or is it more complex? Just curious.

$LUMBER is the spot futures price for xxx board foot or something (I used to know details but my mind is blank now, sorry)
Our quote on $LUMBER is eod end-of-day only
It is famous for calling the ’07 housing top, and others
I’ve been complaining (and charting) about it for weeks
i'm sure google has plenty of stuff on it...

Out of Bounds wrote:

Tabby wrote:Cash Buyers in real estate could cause another meltdown in economy down the road. The numbers of these cash buyers have significantly increased.

I am not sure I understand. How could cash buyers cause a meltdown - it would seem that without leverage there is very little risk of a meltdown since these buyers can not experience a foreclosure.

Demand and supply. Increased the price and sell before anything goes sour to those borrowing money from banks in order to buy from these cash buyers.
Then QE ends at some point and employers either don't give raise and prices goods go up. People who owns these houses might feel burden, even though at the beginning they were qualified for purchase of these homes. Making money VS. spending will be out of proportion.
My friends putting higher bids to get the house they want it.

Out of Bounds wrote:Closing short

....and I'm out. See y'all tomorrow.

At this moment dollar etf UUP is below it's daily 20MA, and also generating a classic-MACD sell signal and ROC-12 momentum (pos to neg) basic sell signal.

Tabby wrote:

Out of Bounds wrote:

Tabby wrote:Cash Buyers in real estate could cause another meltdown in economy down the road. The numbers of these cash buyers have significantly increased.

I am not sure I understand. How could cash buyers cause a meltdown - it would seem that without leverage there is very little risk of a meltdown since these buyers can not experience a foreclosure.

Demand and supply. Increased the price and sell before anything goes sour to those borrowing money from banks in order to buy from these cash buyers.
Then QE ends at some point and employers either don't give raise and prices goods go up. People who owns these houses might feel burden, even though at the beginning they were qualified for purchase of these homes. Making money VS. spending will be out of proportion.
My friends putting higher bids to get the house they want it.

So you are saying it is borrowers who might buy in the future at higher prices are the risk if the economy turns down?

Al_Dente wrote:

L_T wrote:

Al_Dente wrote:Dougie Short charts the LUMBER problem (limit down yesterday; down 25% In The Past 70 Days)
“Lumber is not the ‘Holy Grail’ of stock market indicators, yet often times it has paid to respect it at the top and bottom of this 20-year channel and its message for the stock market.”
http://seekingalpha.com/article/1465941 ... view&ifp=0

Does anyone what "Lumber" actually refers to? Are we talking the cost of something like X number of 2 x 4's or is it more complex? Just curious.

$LUMBER is the spot futures price for xxx board foot or something (I used to know details but my mind is blank now, sorry)
Our quote on $LUMBER is eod end-of-day only
It is famous for calling the ’07 housing top, and others
I’ve been complaining (and charting) about it for weeks
i'm sure google has plenty of stuff on it...

Thanks. I know I can always Google something but I also like real peoples' descriptions as well. Sometimes the robo-font-of-all-knowledge that is the Internet gets to be dull.

pullback as expected. this should be a 2 legged pullback.

BullBear52x wrote:

KeiZai wrote:Tna can be counted as impulsive and corrective strucutre as well, fail here then it is 3w str.

The attachment TNA.png is no longer available

That's music to my ears, thanks boss, later...

hehe np let's see what happens here russell stopped where he/she should have if the structure is this one

mkt is toying with its 5dma like a cat with its toy

Out of Bounds wrote:

Tabby wrote:

Out of Bounds wrote:

Tabby wrote:Cash Buyers in real estate could cause another meltdown in economy down the road. The numbers of these cash buyers have significantly increased.

I am not sure I understand. How could cash buyers cause a meltdown - it would seem that without leverage there is very little risk of a meltdown since these buyers can not experience a foreclosure.

Demand and supply. Increased the price and sell before anything goes sour to those borrowing money from banks in order to buy from these cash buyers.
Then QE ends at some point and employers either don't give raise and prices goods go up. People who owns these houses might feel burden, even though at the beginning they were qualified for purchase of these homes. Making money VS. spending will be out of proportion.
My friends putting higher bids to get the house they want it.

So you are saying it is borrowers who might buy in the future at higher prices are the risk if the economy turns down?

I don't think those cash buyers buying for primary residency. This is part of their investment. They only target specific locations, Florida, California.
Irvine, California did not have price depreciation in housing during the housing underwater, why?
Because group investors bought those foreclosure houses to prevent their houses. We won't know for several years when we face another housing meltdown unless inflation occurs and no one sells and then price of houses go up if there is no lands left to buy.

s/t r2k, looks like a long intraday (pomo 4bln?), but short below 9840 area, with support near 9780ish
glta

hoy malloy
NUGT up 13%