Cobra's Market View

SPX

Xian wrote:Another "no icar" piece:
http://www.mondaynote.com/2015/02/22/ap ... -thoughts/

(There's enough "They're building a car!" articles out there)

Ultimately for me:

Pro: CarPlay is like when they built that iTunes for Motorola phone a couple years before iPhone came out. Make a car contract out manufacturing. Same as iPhone.

Con: Why build one car and change brake pads, etc, when you can build the software for all cars and never change a break pad?

(From that Onion piece a few days back: when the iCar stalls, the rims become spinning rainbows. Also liked the one about "windshield cracks easily, but car will still function normally.")

They could just acquire TSLA. The relationships are in place, they have the cash and they get up the curve that much quicker...

little pop in USO.. tagging 20d

Xian wrote:

Out of Bounds wrote:

FlowerGirl wrote: SPY morning gap filled ...as expected...
You know where to find these predictions...and for nothing...save your money

You really are just full of yourself. You come to a board that is paid for by Cobra that he offers for free to encourage people to pay for his business and tell people to just use your advice for free and save their money.

You are affecting his business and have no regard for the consequences... Narcissist.

Let's review, shall we?

Cobra, a seasoned pro with a proven track record posted on his free board (though some may be stupid enough to think it's a pay board) "Double Bottom? wow, gap bought again? Wow." this morning, page 1.

24 yr old poser wannabe posted on twitter this morning "Chance SPY will fill morning gap? Fair."

Yeah, big difference. In your face Cobra! End zone dance. Chest beating.

"Save your money"? More like save your breath.

Cobra has not said a word regarding this, it shows his class other might be lacking

100% mm

Out of Bounds wrote:13:31 News Bot: Financial Times writes that OPEC may hold an extraordinary summit due to the slide in crude oil prices

Saw spikes on Oil SPY/ES and GLD, must for this news.
GS is for Oil 38. Last year for GLD 1100.

Double top?
\/ \/

fehro wrote:

Mr. BachNut wrote:The currency tell is at resistance in a consolidation.
There may be an ascending triangle forming in it.
A clear break up would suggest more highs for equities.
If it swings back down and breaks the bottom, it would suggest something else.

GLD near key support.. depends on the dollars next move? watch for a possible inverted hammer?.. GOLD a hammer

Agree. In a support zone now. The zone extends a bit lower (maybe $10/oz below today's low), but this is a good area for the barbarous relic to find some buyers.
I'm holding a short from the beginning of the month with a stop that is ratcheting down.
If it gets taken out (tomorrow? this week?), I'll swing long if the setup comes but look to reload short at higher prices.

There was a big weekly triangle (magenta) that completed around Labor Day weekend that never got to target (roughly $1025). Unfinished business?
The rally into January died at the meridian of that triangle (so I think it may still be relevant as a chart matter).
I have no idea what will happen, as usual, but I am working a thesis that gold may have started a trend series to make a final lower low (back up the truck) some time this year.

Out of Bounds wrote:Double top?
\/ \/

drop below 2106 this time I will take my 5 handles and run.

looking to buy at 2101 if it comes sooner before end of day.

q2model wrote:

Xian wrote:

Out of Bounds wrote:

FlowerGirl wrote: SPY morning gap filled ...as expected...
You know where to find these predictions...and for nothing...save your money

You really are just full of yourself. You come to a board that is paid for by Cobra that he offers for free to encourage people to pay for his business and tell people to just use your advice for free and save their money.

You are affecting his business and have no regard for the consequences... Narcissist.

Let's review, shall we?

Cobra, a seasoned pro with a proven track record posted on his free board (though some may be stupid enough to think it's a pay board) "Double Bottom? wow, gap bought again? Wow." this morning, page 1.

24 yr old poser wannabe posted on twitter this morning "Chance SPY will fill morning gap? Fair."

Yeah, big difference. In your face Cobra! End zone dance. Chest beating.

"Save your money"? More like save your breath.

Cobra has not said a word regarding this, it shows his class other might be lacking

Re class: um yeah, she's a guest in Cobra's house. She's basically coming into his house and having a piss on his floor. Classy indeed.

I'm going to make her look stupid a couple more times, then I'm going to leave it alone. Anyone follows a 24yr old guru marketing themselves as infallible gets what they deserve.

Bullish Percentages have been continuously pointing upwards, I can hardly remember them gapping down ... As long as BPSPX and BPNYA are pointing upwards shorting doesn't make sense (except for those who are happy to make 2 or 3 handles).

http://stockcharts.com/freecharts/candl ... BPENER|B|0

Freaking unbelievable! So the Nigerian oil minister, who's currency is collapsing, says "I may have to call an emergency meeting". Well why not President Manduro or any other member in good standing. They could spike the market every hour for a couple of days.

Call me when Putin meets with the Saudi King. Until then it is nothing. All of the rest of these clowns "spent" (ok stole from their people) every dime and never put anything into the rainy day fund. They are in the same kettle of fish as the shale drillers and they also will go down before this is over. Does anyone doubt that the peoples paradise of Venezuela will be defaulting sometime this summer? How about Mr Hamm selling off all of Continentals hedges so he could write a check for 1 billion to get ride of his wife. Same thing, isn't it.

uempel wrote:Bullish Percentages have been continuously pointing upwards, I can hardly remember them gapping down ... As long as BPSPX and BPNYA are pointing upwards shorting doesn't make sense (except for those who are happy to make 2 or 3 handles).

http://stockcharts.com/freecharts/candl ... BPENER|B|0

Boss one handle can buy a whole case of beer.

Xian wrote:

q2model wrote:

Xian wrote:

Out of Bounds wrote:

FlowerGirl wrote: SPY morning gap filled ...as expected...
You know where to find these predictions...and for nothing...save your money

You really are just full of yourself. You come to a board that is paid for by Cobra that he offers for free to encourage people to pay for his business and tell people to just use your advice for free and save their money.

You are affecting his business and have no regard for the consequences... Narcissist.

Let's review, shall we?

Cobra, a seasoned pro with a proven track record posted on his free board (though some may be stupid enough to think it's a pay board) "Double Bottom? wow, gap bought again? Wow." this morning, page 1.

24 yr old poser wannabe posted on twitter this morning "Chance SPY will fill morning gap? Fair."

Yeah, big difference. In your face Cobra! End zone dance. Chest beating.

"Save your money"? More like save your breath.

Cobra has not said a word regarding this, it shows his class other might be lacking

Re class: um yeah, she's a guest in Cobra's house. She's basically coming into his house and having a piss on his floor. Classy indeed.

I'm going to make her look stupid a couple more times, then I'm going to leave it alone. Anyone follows a 24yr old guru marketing themselves as infallible gets what they deserve.

Actually, no I'm not. I just missed a trade paying attention to this stupid shit. Damn. Let that be a lesson to me.

Go ahead, follow her right off a cliff.

thank you guys for defending me. Those who seriously read my comments (whether free or paid) should know my value and accuracy which I'm very confident, period.

I checked this flowergirl comments, seems to me in the morning she said ST top, she didn't say gap filled. Also SPY gap is not filled by the time when she said. I don't understand what's to brag? Anyway, no need waste time to argue. I've spent lots of time on the Internet in the past years to argue, only realize one thing: Even you offer everyone, say 10K dollars for free, someone somewhere who took the money would still jump out saying something bad about you, so you just cannot make everyone love you. Eventually I stopped being upset about those bad comments instead focusing on the joy that always someone would jump out defending me, knowing at least still someone likes me. So, thanks again, really appreciate!

BullBear52x wrote:

uempel wrote:Bullish Percentages have been continuously pointing upwards, I can hardly remember them gapping down ... As long as BPSPX and BPNYA are pointing upwards shorting doesn't make sense (except for those who are happy to make 2 or 3 handles).

http://stockcharts.com/freecharts/candl ... BPENER|B|0

Boss one handle can buy a whole case of beer.

Right. But I'm not only thirsty, I like to eat too

Going to keep on rising? To the moon? Or is it time to head back down, take a bit of a breather?

I am not in it for the long run play. Swing trades and day trades only, so the question is mostly academic to me.

Some profit taking would not be a surprise. Double top? But there is also lots of positive talk. Euphoria talk? Don't think so.

Quiet day.

From the respected John Murphy ...

DOW JOINS S&P 500 IN RECORD HIGH -- NASDAQ NEARS TEST OF ITS 2000 HIGH -- GERMAN DAX HITS NEW RECORD -- BRITAIN MAY BE NEXT -- JAPAN REACHES 15-YEAR HIGH -- DOLLAR INDEX TESTS 20-YEAR RESISTANCE LINE -- EAFE ISHARES BREAK OUT TO UPSIDE ON GOOD VOLUME-- VANGUARD TOTAL WORLD STOCK INDEX HITS NEW HIGH -- THE VT OFFERS FOREIGN STOCK AND CURRENCY DIVERSIFICATION

Cobra wrote:thank you guys for defending me. Those who seriously read my comments (whether free or paid) should know my value and accuracy which I'm very confident, period.

I checked this flowergirl comments, seems to me in the morning she said ST top, she didn't say gap filled. Also SPY gap is not filled by the time when she said. I don't understand what's to brag? Anyway, no need waste time to argue. I've spent lots of time on the Internet in the past years to argue, only realize one thing: Even you offer everyone, say 10K dollars for free, someone somewhere who took the money would still jump out saying something bad about you, so you just cannot make everyone love you. Eventually I stopped being upset about those bad comments instead focusing on the joy that always someone would jump out defending me, knowing at least still someone likes me. So, thanks again, really appreciate!

Cobra, you can remove her ID or IP address. why not.