11/11/2011 Intraday Watering

[jimme]

SPY Wrong 200 day EMA. Who's right? http://wp.me/p1jbrN-hi

Is your SPY 200 day EMA 122.92 or 123.86??

Hi Cobra! My first post here with my congrats on a Quality Product! One comment on the 200 day moving average. It is always from a daily chart. Again, Thank you for a Great Site.

[MrMiyagi]

TZA looks like it could hit 29.55$ range in the next 20 minutes or so. This one I am not too sure of, 40% chance?

[cougar]

Here are some levels that I watch, for SPY.
--------------------------------
Interesting to notice: at this point in time (and at this VIX) there is very limited interest for SPY and IWM at the money Dec calls.
In contrast, “smart money” is selling (…probably: to open) lots of overvalued SPY Nov 125 puts…

[jarbo456]

is anyone concerned by the nearly 3% divergence in APPL and the rest of the market?

[Dow Trader]

XEU ( EURO ) hourly update

[Cobra]

SPY Wrong 200 day EMA. Who's right? http://wp.me/p1jbrN-hi

Is your SPY 200 day EMA 122.92 or 123.86??

Hi Cobra! My first post here with my congrats on a Quality Product! One comment on the 200 day moving average. It is always from a daily chart. Again, Thank you for a Great Site.

Thanks and welcome aboard!

[PRI]

Hi Cobra,
Thanks as always for the great analysis. I have a question regarding the huge gap up. Earlier, you stated that it was too stretched, which I took to mean that
it was unsustainable. What made you no longer see that as relevant? Thanks

[Cobra]

Cobra,

Is this rally too strong? Does it nullify the start of downtrend call and instead this wednesday just a countertrend correction? Thanks

I think it's ranged market. Neither bull nor bear.

[Al_Dente]

is anyone concerned by the nearly 3% divergence in APPL and the rest of the market?

no sweat man, pre-market showed footage of 3,000 lined up (hong kong??) to buy iphone.... they ran out

[soku]

i am in sell mode again. will sell to 1268ish. targeting 1240s

[Petsamo]

is anyone concerned by the nearly 3% divergence in APPL and the rest of the market?

AAPL is not representative of the stock market. I don't own a single AAPL product.

Did you notice the triangle on the 1 min?

[Ed02]

sorry, wrong target.

Cobra LD, in terms of percentage, it seems the stop loss price for the TZA position entered in your portfolio yesterday is 26.92. Do you or the model adjust this number or always keep it the same until the position is closed?

Thanks.

[MrMiyagi]

I think it's ranged market. Neither bull nor bear.

More like an arranged market.

[KENA]

All I can say today is I'm glad my hedges are saving the day.Not trading yet but will later. This is a casino not a trading mkt.Lets what happens at 1270.

[Cobra]

Hi Cobra,
Thanks as always for the great analysis. I have a question regarding the huge gap up. Earlier, you stated that it was too stretched, which I took to mean that
it was unsustainable. What made you no longer see that as relevant? Thanks

No, you didn't understand me correctly.

too stretched means just a consolidation or small pullback. that problem was fixed with 2 red 5 min bars.
later I gave the target, that's the one you should listen.
too stretched is not a sign of weakness.

[99er]

SPX
78.6% retracement.

Go Bears!

[jarbo456]

Hi Cobra,
Thanks as always for the great analysis. I have a question regarding the huge gap up. Earlier, you stated that it was too stretched, which I took to mean that
it was unsustainable. What made you no longer see that as relevant? Thanks

bottom line these days, gap ups, even huge gap ups have showed a nature to continue to be stretched, even though normal TA would advise that a pullback of some sort would be apparent.

[99er]

So honey...what should we do for New Year's?

Occupy the Rose Parade?

http://occupytheroseparade.org/

[HighRev]

I'm watching that same symmetrical triangle that Dow Trader has been posting.

[Cobra]

almost at the target now. it should be 126.89. Too bad, I didn't listen to my tinted area, I calculated the wrong target where I exited half at 126.70.