Cobra's Market View

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Huge gap up, but within yesterday's range, so I have no idea whether the gap will be filled or not.

Nothing to say about Global ES, other than it's facing resistance now. Double Bottom? Well, it has to breakout above blue line first, otherwise it's just a imaginary pattern.

Lucky I covered half yesterday. Now wait 1hr and see with this big gap up.

Me XMan wrote:Lucky I covered half yesterday. Now wait 1hr and see with this big gap up.

TNA up 6.5% from yesterday's purchase at the close. I don't want to say "I told you" but....santa is here.

Same exact pattern over the last month as March - April - and in mid April up up and away.

My chart from Thursday:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=1

I'm happy for you my friend.

Eagle_Eye wrote:

Me XMan wrote:Lucky I covered half yesterday. Now wait 1hr and see with this big gap up.

TNA up 6.5% from yesterday's purchase at the close. I don't want to say "I told you" but....santa is here.

Same exact pattern over the last month as March - April - and in mid April up up and away.

My chart from Thursday:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=1

If the pattern from March - April holds true and continues, the S&P highs should be tested. Maybe 100 S&P points in 2 weeks? Bulls can have a X-mas wish I guess . I know Cobra doesn't adhere to front-running, though interesting to see what develops the next 2 weeks. Blow off top I think. good shorting opp in a few weeks IMO.

Me XMan wrote:Lucky I covered half yesterday. Now wait 1hr and see with this big gap up.

Stops got ran while I was sleeping, still made some money...what can I say. Overnight market is a roll the dice situation. We now have 4 straight gaps higher.

Good Morning.

Honey...

http://99ercharts.blogspot.com/2011/12/honey.html

I'm home.

If market want to attack SPX 1225 then I'm there to short it.

So what's for breakfast?

EURUSD http://99ercharts.blogspot.com/2011/12/eurusd_20.html

Besides a Butterfly.

So what should we do today?

ES http://99ercharts.blogspot.com/2011/12/es_20.html

Surf or ski?

Shorts gonna get run over by a reindeer next two weeks IMO.

What does Dr. Copper say?

HG http://99ercharts.blogspot.com/2011/12/copper_20.html

"Ruby Tuesday."

GLTA.

Morning Cobra, could you pls comment on VIX? It gaps down to a lower low after several dojis........I am worried since I hold heavy positions, seems santa rally is coming....thanks!

SB73 wrote:

Me XMan wrote:Lucky I covered half yesterday. Now wait 1hr and see with this big gap up.

Stops got ran while I was sleeping, still made some money...what can I say. Overnight market is a roll the dice situation. We now have 4 straight gaps higher.

I guess I should be paying attention 4 straight gaps higher should be roll with loaded dice

Potential megaphone continuation setup in bonds, but I don't have much confidence in it. Strong bonds don't seem to go with weak dollar.

Good morning!
Three consecutive days with similar patterns.
It's time for a CHANGE!

cobrA I GOT THE app for the phone but there is no way of knowing all the foes.... so we need a list from you so we can put it in there. I just want to see your posts otherwise Is hard to see your updateds it gets crowded..

the open. way too stretched, so could see a pullback of some kind here.

Is this similar to Hope and Change?

cougar wrote:Good morning!
Three consecutive days with similar patterns.
It's time for a CHANGE!

Only Grandma got run over by reindeers

Eagle_Eye wrote:Shorts gonna get run over by a reindeer next two weeks IMO.