Cobra's Market View

well, finally, double bottom or 2 legged up as I hoped. let's see if rebound could last until the close.

Semi's (SMH) making a little run into the close

heavenskrow wrote:WOW UUPT IS ONE OF THE WORST leveraged ETFs I have EVER HELD. although im up on it, I think something fishy is going on.....

It does not track the UUP at all and there are wild price swings up and down...

Heaven: I don't understand
how UUP meandering
and UUPT (3x) crazy squeeze up?

div everywhere. expecting a small reb. may last to tomorrow

the credit suisse fear barometer comfirmed a breakdown on friday:
http://www.bloomberg.com/apps/quote?ticker=CSFB:IND

Al_Dente wrote:

heavenskrow wrote:WOW UUPT IS ONE OF THE WORST leveraged ETFs I have EVER HELD. although im up on it, I think something fishy is going on.....

It does not track the UUP at all and there are wild price swings up and down...

Heaven: I don't understand
how UUP meandering
and UUPT (3x) crazy squeeze up?

thats what i dont understand either!!
thats why i think its kind of shady...but its the only long dollar 3x leverage etf....=[

damn. bears are strong. -_- thought we were in for that rebound. totally erased and plus some.

2 bar reversal, I'm disappointed. only 5 min left...

Bear flexing muscles...trying to catch a few pennies might rip your face off.

heavenskrow wrote:

Al_Dente wrote:

heavenskrow wrote:WOW UUPT IS ONE OF THE WORST leveraged ETFs I have EVER HELD. although im up on it, I think something fishy is going on.....

It does not track the UUP at all and there are wild price swings up and down...

Heaven: I don't understand
how UUP meandering
and UUPT (3x) crazy squeeze up?

thats what i dont understand either!!
thats why i think its kind of shady...but its the only long dollar 3x leverage etf....=[

got it from [edit: clark & ultra]; low volume; too thin

Looks like we close on all major sectors/indices with a lower low on light volume.... we can go lower....1070 area

heavenskrow wrote:

Al_Dente wrote:

heavenskrow wrote:WOW UUPT IS ONE OF THE WORST leveraged ETFs I have EVER HELD. although im up on it, I think something fishy is going on.....

It does not track the UUP at all and there are wild price swings up and down...

Heaven: I don't understand
how UUP meandering
and UUPT (3x) crazy squeeze up?

thats what i dont understand either!!
thats why i think its kind of shady...but its the only long dollar 3x leverage etf....=[

UUP is up 0.83% and UUPT is up 2.5%. Makes sense.

Al_Dente wrote:

heavenskrow wrote:

Al_Dente wrote:

heavenskrow wrote:WOW UUPT IS ONE OF THE WORST leveraged ETFs I have EVER HELD. although im up on it, I think something fishy is going on.....

It does not track the UUP at all and there are wild price swings up and down...

Heaven: I don't understand
how UUP meandering
and UUPT (3x) crazy squeeze up?

thats what i dont understand either!!
thats why i think its kind of shady...but its the only long dollar 3x leverage etf....=[

got it from [edit: clark & ultra]; low volume; too thin

Yup. This is how I got stopped out 10 days back. I swore off of it forever. Even at-the-money options on UUP are *less* volatile.

wow. new LOD on spy.

Cobra wrote:

Mongoose wrote:

Cobra wrote:hmm, weak, I was a little bullish biased today, kept thinking of 2 legged rebound.

Do your indicators suggest further downside tomorrow?

strong sell off like today means lower low ahead. but since it's 3 MDD, so most like a rebound of some kind is close, maybe turnaround Tuesday after a sharp morning dip?

That sounds likely.
Based on the way the indicators are reading now, no big gap up tomorrow morning before the bell.
(Sarah Bloom Raskin speaks -- that will be an eye closer. And Bernanke. What more can he say he hasnt already?)

Thanks Cobra. You da snake.

well, guess that's it for today, it looks like a breakdown then consolidation below the breakdown area therefore the big picture doesn't look good. thank you ladies and guys, I'll see you tomorrow.

What a close!!!

soku wrote:div everywhere. expecting a small reb. may last to tomorrow

wow not sure what's going on. i see tons of sell orders cross the board. something is going on. play safe people.
cash is king. preserve capital

Maybe a good time to go long is when we get two surprise gap ups.

I expected 1050, but it looks like this doesnt even want to wait until friday.
Thanks cobra for your hard work.

Cobra wrote:well, guess that's it for today, it looks like a breakdown then consolidation below the breakdown area therefore the big picture doesn't look good. thank you ladies and guys, I'll see you tomorrow.