Cobra's Market View

volume surge (3rd bar on right), not sure if it means pullback. if bulls could consolidate here then it's OK.

MrMiyagi wrote:

1112.png

thanks for that, i am outa some expensive puts, for now...smells like I should have stuck with yesterday's long

6 of the dow 30 are green
24 are red

joegamma wrote:thanks for that, i am outa some expensive puts, for now...smells like I should have stuck with yesterday's long

Monday markets are closed, Tuesday will be trying for 20 consecutive up Tuesdays.

too bad, it did mean pullback.I don't like this bear bar but I need see more bars.

MrMiyagi wrote:

joegamma wrote:thanks for that, i am outa some expensive puts, for now...smells like I should have stuck with yesterday's long

Monday markets are closed, Tuesday will be trying for 20 consecutive up Tuesdays.

i am placing my belief that iwmpbar 9601 is coming Tuesday, but lightened up for now

Cobra wrote:too bad, it did mean pullback.I don't like this bear bar but I need see more bars.

who just killed the bankers? or did we run out of shorts to cover and had no buyers today?

Al_Dente wrote:

Out of Bounds wrote:I leave for one day and you guys wreck the entire planet. This is why we can not have nice things.

Seriously boss, couldn’t we just have a halfway decent correction already
Say fib 38.2% to 163.18 ish
Or 50% retrace to 161.35 ish

Yep. The market owes me 163.14. That's how I read it.

Nikkei Downtrend (1982-Present)

Out of Bounds wrote:

Al_Dente wrote:

Out of Bounds wrote:I leave for one day and you guys wreck the entire planet. This is why we can not have nice things.

Seriously boss, couldn’t we just have a halfway decent correction already
Say fib 38.2% to 163.18 ish
Or 50% retrace to 161.35 ish

Yep. The market owes me 163.14. That's how I read it.

OWE OWE OWE, when I think that then I do somethin that says OW!.....thinkin IWM revists 9710/12 midday....

GUESS the author of the quote of the day:

“Today’s complex markets require sophisticated investment techniques that can enhance a traditional portfolio, and bring investors closer to their long term goals.”

http://www.howardlindzon.com/thank-you-goldman-sachs/

Al_Dente wrote:GUESS the author of the quote of the day:

“Today’s complex markets require sophisticated investment techniques that can enhance a traditional portfolio, and bring investors closer to their long term goals.”

http://www.howardlindzon.com/thank-you-goldman-sachs/

Thanks, Al. That is pretty funny. I'll take simple over complex any day.

Al_Dente wrote:GUESS the author of the quote of the day:

“Today’s complex markets require sophisticated investment techniques that can enhance a traditional portfolio, and bring investors closer to their long term goals.”

http://www.howardlindzon.com/thank-you-goldman-sachs/

I agree... Previously we used to...



Now we need...



But now and then we are more like...

quientuves wrote:

Al_Dente wrote:GUESS the author of the quote of the day:
“Today’s complex markets require sophisticated investment techniques that can enhance a traditional portfolio, and bring investors closer to their long term goals.”
http://www.howardlindzon.com/thank-you-goldman-sachs/

I agree... Previously we used to...



Now we need...



But now and then we are more like...

More on keeping it simple (aka: “macro crosscurrents” and “Stable Disequilibrium” and “haircuts”)
Notes from the PIMCO Investment Summit with Mohamed El-Erian
http://www.thereformedbroker.com/2013/0 ... -el-erian/

back to the high, since the high has been tested many times, so I think a breakout is more likely therefore finally the chart is a little bit bullish biased. tinted area are possible target for C&H and MM.

quientuves wrote:

Al_Dente wrote:GUESS the author of the quote of the day:

“Today’s complex markets require sophisticated investment techniques that can enhance a traditional portfolio, and bring investors closer to their long term goals.”

http://www.howardlindzon.com/thank-you-goldman-sachs/

I agree... Previously we used to...

Actually here is the formula that "killed Wall Street" (article link below):



http://www.wired.com/techbiz/it/magazin ... ntPage=all

breakout as expected. lunch time, will be back.

Bond traders depart 1hr early today, fwiw

As to GS: their research is always interesting and maverick. It's their sales department which is out of whack. But most banks have sales which are snake oil vendors. So let's focus on GS' research. I don't necessarily follow their ideas, I just want to know what they are saying

Here my last chart for today, suggests the bulls are safe and sound down to 1588

the market will be closed on 2:00pm?