Cobra's Market View

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I was expecting a huge down this morning but the Futures so far holds well, so this market is very resilient.

members only update starts here: http://www.cobrasmarketview.com/2015/02 ... ay-update/

H/L est 2012.00 1985.75 26.25

NORMALLY, this rebound shall fail, but nowadays trading bulls needs nothing but imagination, so let's see.

Short SPY 199.70

I'm on the 1 yard line and I'm going to run it in.

It's difficult for the bears to press when the crash in crude has already taken place, the S&P is 5% off the highs and now crude is coming alive. What reason will remain for this hyperinflating market not to rise then?

You know something is wrong about bull when King Cobra starts to make fun on it every week.

cletus wrote:It's difficult for the bears to press when the crash in crude has already taken place, the S&P is 5% off the highs and now crude is coming alive. What reason will remain for this hyperinflating market not to rise then?

"hyperinflating market"? I don't understand what you are referring to.

Out of Bounds wrote:Short SPY 199.70

I'm on the 1 yard line and I'm going to run it in.

Making the rounds via @MrLXC: Should I hand this to you, or step back 8 yards and throw it for no reason?

Xian wrote:

Out of Bounds wrote:Short SPY 199.70

I'm on the 1 yard line and I'm going to run it in.

Making the rounds via @MrLXC: Should I hand this to you, or step back 8 yards and throw it for no reason?

Bwhahahaha ............... "You Mad Bro ?"

Covered SPY 199.22

finman66 wrote:

Xian wrote:

Out of Bounds wrote:Short SPY 199.70

I'm on the 1 yard line and I'm going to run it in.

Making the rounds via @MrLXC: Should I hand this to you, or step back 8 yards and throw it for no reason?

Bwhahahaha ............... "You Mad Bro ?"

I'm only mad that the Dolphins didn't play...

Out of Bounds wrote:

finman66 wrote:

Xian wrote:

Out of Bounds wrote:Short SPY 199.70

I'm on the 1 yard line and I'm going to run it in.

Making the rounds via @MrLXC: Should I hand this to you, or step back 8 yards and throw it for no reason?

Bwhahahaha ............... "You Mad Bro ?"

I'm only mad that the Dolphins didn't play...

I wasn't dissing Xian or anyone ..... just commenting/reminding on the Richard Sherman-Tom Brady exchange from a couple years ago.

ooops!

Breakdown= 1975.75
for me this means if it trades below this level then short side only today.

so it now in place
timber

NYMO completed a lower high lower low sequence on Friday.
So, I have marked 1/26 as the end of the latest up cycle, and I now have us in a down cycle.
I have marked some possible price targets.

Candidly, as we have been joggling in a volatile range, I am not sure how much edge NYMO cycle can provide here.
Neither the most recent up cycle or the prior down cycle got to overbought or oversold. So, the current cycle may not get extreme either. Unclear.

We're pretty close to the 200 day MA here. So, I am inclined to anticipate it will get a test at some point.
Failure could provide some confidence for deeper downside targets.

At the moment I am flat equities and focused on other markets that are behaving a little easier to trade.
I am watching what may be a diamond pattern in the R2K as well as my currency tell (GBP/Yen which also has been noisy lately) for guidance on an equity trade.

finman66 wrote:

Out of Bounds wrote:

finman66 wrote:

Xian wrote:

Out of Bounds wrote:Short SPY 199.70

I'm on the 1 yard line and I'm going to run it in.

Making the rounds via @MrLXC: Should I hand this to you, or step back 8 yards and throw it for no reason?

Bwhahahaha ............... "You Mad Bro ?"

I'm only mad that the Dolphins didn't play...

I wasn't dissing Xian or anyone ..... just commenting/reminding on the Richard Sherman-Tom Brady exchange from a couple years ago.

Hey guys, I don't really follow football. Family went to the snow this weekend. Didn't watch the game. It just seemed like a funny joke. Actually feel bad for the guy. Talk about sh*t you're never gonna hear the end of EVER.

Anyhow, seems like a short kinda market and I always have trouble with the short side. Think I'll take my kid to school.

Everyone have a good day. (As soon as I sign off, the market'll run up 30 handles.)

Is ThinkorSwim data feed misbehaving for others this morning?
I am getting delayed data, and at the moment no data at all.

iPad data feed seems OK, but cant use that for much in terms of actual trading

SPX .mind open gap.. 200d 1975ish

K447 wrote:Is ThinkorSwim data feed misbehaving for others this morning?
I am getting delayed data, and at the moment no data at all.

iPad data feed seems OK, but cant use that for much in terms of actual trading

I had to close it and restart. That worked.