Cobra's Market View

KENA wrote:Interesting chart of the Vix and SPX..The complete article can be seen on Sssking Alpha.

saupload_0107-21_thumb1.jpg

Typo..Sssking should be Seeking..Sorry..Just my typing.

KeiZai wrote:

BullBear52x wrote: yo same to u, I think indexes can go little higher but not sure in XIV so I am rather early this time
million of people ready the fund for VXX, are you ready to be one of them? I know it's almost too easy that's the scary part.

No they are either insolvent after fiscal cliff crap or they are shorting it entry price is good in worst case I will close it flat

But maybe u are right I will close it before close (or part of it) everywhere where I look is VIX...VIX...VIX

This is when the TA guy go hmm....really? JPM another leader per se

KeiZai wrote:

KeiZai wrote:

BullBear52x wrote: yo same to u, I think indexes can go little higher but not sure in XIV so I am rather early this time
million of people ready the fund for VXX, are you ready to be one of them? I know it's almost too easy that's the scary part.

No they are either insolvent after fiscal cliff crap or they are shorting it entry price is good in worst case I will close it flat

But maybe u are right I will close it before close (or part of it) everywhere where I look is VIX...VIX...VIX

I think even you do nothing with your position, you will make money in 3 months for sure nothing is a sure thing in stock market, but this one is almost 99.9%

My charts indicate a top of some kind here.....it should not be "THE" top, but a top of some kind...

XLF is in a place where we have seen two tops of some kind...news on financials is getting more negative...

Here's an article on the Portugal thing.

EUR/USD holds up after comments from Portugal

The Portuguese secretary of state, reacting to a report from the IMF, says that the Portuguese state is not sustainable as it is currently. In addition:
■We need to build a state that doesn’t weigh as much
■Reform of the state is crucial for sustainability

EUR/USD has taken the comments in stride and trades a shade firmer in the mid1.3050s.

_____________________


Here's more detail on the IMF report mentioned.

http://news.ph.msn.com/business/imf-say ... h-report-2

Darkmatter wrote:Bit of news -- Portugeuse minister says country is not sustainable as is.

I think it means he was saying the debt is not sustainable. Not able to find exact quote yet.

support. breakdown would be bad, the high might be in for today.

BullBear52x wrote:

KeiZai wrote:

KeiZai wrote:

BullBear52x wrote: yo same to u, I think indexes can go little higher but not sure in XIV so I am rather early this time
million of people ready the fund for VXX, are you ready to be one of them? I know it's almost too easy that's the scary part.

No they are either insolvent after fiscal cliff crap or they are shorting it entry price is good in worst case I will close it flat

But maybe u are right I will close it before close (or part of it) everywhere where I look is VIX...VIX...VIX

I think even you do nothing with your position, you will make money in 3 months for sure nothing is a sure thing in stock market, but this one is almost 99.9%

I hope for it too but fully loaded I want to be at around 21.80

FXE, HYG, JNK are acting as if there is further upside ahead. I think we might see $SPX 1470-72 before dropping to the 1433-1444 area.

consolidate above the support, not good, might not hold.

Since AAPL is having consolidation week.

FAZ and SPXU looks good for a swing trade very soon...

SPX: Key time as as one more higher high would deny a larger correction

not a valid breakdown yet, but here're two possible targets. Not sure as looks like today's a range day so no pattern could last long.

KeiZai wrote:

BullBear52x wrote:

KeiZai wrote:

KeiZai wrote:

BullBear52x wrote: yo same to u, I think indexes can go little higher but not sure in XIV so I am rather early this time
million of people ready the fund for VXX, are you ready to be one of them? I know it's almost too easy that's the scary part.

No they are either insolvent after fiscal cliff crap or they are shorting it entry price is good in worst case I will close it flat

But maybe u are right I will close it before close (or part of it) everywhere where I look is VIX...VIX...VIX

I think even you do nothing with your position, you will make money in 3 months for sure nothing is a sure thing in stock market, but this one is almost 99.9%

I hope for it too but fully loaded I want to be at around 21.80

Unique wrote:Since AAPL is having consolidation week.

FAZ and SPXU looks good for a swing trade very soon...

FAZ above to confirm when above previous close, good for intraday easy money

breakdown indeed, morning low is the next support.

What good is a bull with only one leg anyway. Nothing left but led to slaughter.

Hey TraderGirl - 10yr treasury is reallying pretty strong here into today's auction. I wonder if we'll get some dip buyers in bonds at some point...?

Darkmatter wrote:What good is a bull with only one leg anyway. Nothing left but led to slaughter.

I will tone down on that part because there are group of good guys with unlimitted access of cash to take out the evil genius

one target met. this bear may have legs, not sure.