Cobra's Market View

xfradnex wrote:jef full recovered from 20% dip today and trading stops. could be exhaustion spike now.

.

now broke lower support from yesterday. Should have been on board. No stock should recover so quickly from such bad new that quickly.

I did see on cnbc the Government regulator, working the MF global bankruptcy, smile in a knowing way when asked if there were any other companies in trouble (in hallways after a MF global bankruptcy meeting), he said nothing and walked away. Maybe more to come. Is JEF still in the crosshairs?

Down 10% from vol exhaustion sign.

tdo722... 1500 shares of spy eh... damn! care to spare 1k so I can actually trade more than 45 shares of $ERY? ahaha.

My account blow up looks like a joke compared to your account size GL

pady wrote:

uempel wrote:Update:

11.png

@uempel...

How do you come to trading conclusions based on your chart ? All I see is the MAs ( for fibo numbers ). Do you trade just using these ?

No no, but they give me additional information. If I see a bundle of resistance somewhere (not only MAs) I tend to close intraday longs resp. cover intraday shorts. I closed intraday longs at 144 because I've been targeting this area since yesterday. But nota bene: I'm not short.

Thanks! I still think it is, it came up to fill the gap, but as you said, the pushup is overlapping so still feel weak. Any reason in particular why you don't think it's a bear flag any more? Thanks.

Cobra wrote:

noob wrote:Cobra, do you still see it as a bear flag? Thanks.

no

waverider wrote:

Al_Dente wrote:Update
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592
http://www.youtube.com/watch?v=IlRF43-x ... re=related

If this continues up today/gaps up tomorrow I'm screwed. R.I.P. Amy.

watch yr tick, watch a turn??? u may not be screwed at all... i'm out of longs (early)
loved amy

Cat ( short)is now back on my radar for a day or two scalp trade.It could be good a SHORT trade

careful of a bull flag - though it looks too weak for that. need a solid break below 125.50 on spy to negate the pattern.

jarbo456 wrote:

tdo722 wrote:

Dow Trader wrote:Closed all longs

why? what do you see?

haha...what the heck?! i thought you didn't see anything bearish until at least 1265/1270...and or 12090 for the C&H pattern you put up earlier...lol

yes, the target still valid " as long ES above today's low, then target is 1280 " and YM 12090 but that on the chart, I lways remember trading is art and exit is more important than the entry, I ahve a nice day and I have to be flat to be ready for Monday and I saw a clear shift in Dow bid contract that might turn my nice gain to a small one, so I decided to close the positions. Also this trade ( long 1223.50 ) took more than 10 hours from me and I am tired now.. with + 30 poits ES I can be happy and ready for next week.

Why Is Today’s Market Close Important?

http://stk.ly/pCSpgf

another run at the HOD, damn u bulls.

Hi Cobra, this morning you called the opening stretched and voiced the expectation of a pullback which happened as predicted.
What is your definition of stretched? Is it the absolute size of the gap or in relation to a previous pattern?

Thank you,
Dutchy

jarbo456 wrote:careful of a bull flag - though it looks too weak for that. need a solid break below 125.50 on spy to negate the pattern.

I think yr number spot on

http://www.youtube.com/watch?v=RV-Z1YwaOiw&ob=av2e

xfradnex wrote:

xfradnex wrote:jef full recovered from 20% dip today and trading stops. could be exhaustion spike now.

.

now broke lower support from yesterday. Should have been on board. No stock should recover so quickly from such bad new that quickly.

I did see on cnbc the Government regulator, working the MF global bankruptcy, smile in a knowing way when asked if there were any other companies in trouble (in hallways after a MF global bankruptcy meeting), he said nothing and walked away. Maybe more to come. Is JEF still in the crosshairs?

Down 10% from vol exhaustion sign.

It is not about what is on the balance sheet but the garbage pushed off balance sheet.

$NFLX continues to trend up, call option volume going crazy. There was a huge 200k call option buy at the low 2 days ago.

closed short, breakeven, god damn it. will wait for HOD to confirm.

a

Al_Dente wrote:

jarbo456 wrote:careful of a bull flag - though it looks too weak for that. need a solid break below 125.50 on spy to negate the pattern.

I think yr number spot on

http://www.youtube.com/watch?v=RV-Z1YwaOiw&ob=av2e

yeah too right...-_- bull flag breakout.

guess we'll have a run up into the close today.

flight23 wrote:$NFLX continues to trend up, call option volume going crazy. There was a huge 200k call option buy at the low 2 days ago.

yeah...if you can't catch this run up, i think it's a short between 103-107.

Al_Dente wrote:

waverider wrote:

Al_Dente wrote:Update
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592
http://www.youtube.com/watch?v=IlRF43-x ... re=related

If this continues up today/gaps up tomorrow I'm screwed. R.I.P. Amy.

watch yr tick, watch a turn??? u may not be screwed at all... i'm out of longs (early)
loved amy

Al - we've got the same girl:

http://www.youtube.com/watch?v=GgfrxZlr ... ed&search=

Hi Cobra and anyone:
The price of TNA and TZA up down proportion are often a difference of 0.2-0.5 percent . When TZA down it down more percentage than TNA's up. How do they compare to IWM , I know it is 3 times of IWM , do MMs of TNA TZA IWM interact to each other? Do IWM RUT price actually reflect the Russel 2000 stock's price?