Cobra's Market View

Small gap up, so I guess the gap will be filled.

Global ES looks not bad, a consolidation overnight, then a breakout, so bullish biased. The key to watch, of course is how it tests the previous highs.

Cobra said, "of course is how it testes the previous highs"

So, the SPX is a male, it's been acting more feminine of late not making up its mind; but if Cobra says so, then it must be so

Bears have no chance. Even if (stress if) this thing reverses this morning, VWAP is sitting pretty at the overnight low 1363ish ready for the JBTFD.

Party on Garth!

http://tradingchumps.blogspot.com/2012/ ... riday.html

stucap wrote:Bears have no chance. Even if (stress if) this thing reverses this morning, VWAP is sitting pretty at the overnight low 1363ish ready for the JBTFD.

Party on Garth!

http://tradingchumps.blogspot.com/2012/ ... riday.html

FOMC on March 13, so hardly can market drop before that. I guess.

Good Morning Cobra and everyone, wish everyone a successful trading !!!

strange, commodities ftrs, oil are going down

Interesting article on gold and silver:

http://bit.ly/zDNQNO

the open, a little overshot, so might pullback to fill the gap.

GM All,

My take on this market is we are in a trading range between 1385 and 1340 and if broken 1300 in a 2 - 6 week timeframe. So I am short the market here. I am here to make money for me. I am not here to convince you to join me but to listen to your expertise in many areas. The people who participate here are the greatest with the owner being the best. I am short SMH 34's and feeling it is correct. Good luck to all. jimme

Cobra wrote:

stucap wrote:Bears have no chance. Even if (stress if) this thing reverses this morning, VWAP is sitting pretty at the overnight low 1363ish ready for the JBTFD.

Party on Garth!

http://tradingchumps.blogspot.com/2012/ ... riday.html

FOMC on March 13, so hardly can market drop before that. I guess.

EUO,UUP and $SPX are all open in green. It is kind of hard to believe that we are going all in the direction.

Tabby wrote:

Cobra wrote:

stucap wrote:Bears have no chance. Even if (stress if) this thing reverses this morning, VWAP is sitting pretty at the overnight low 1363ish ready for the JBTFD.

Party on Garth!

http://tradingchumps.blogspot.com/2012/ ... riday.html

FOMC on March 13, so hardly can market drop before that. I guess.

EUO,UUP and $SPX are all open in green. It is kind of hard to believe that we are going all in the direction.

Not really hard to believe --- Market no longer cares about the time-tested indicators --- just watch AAPL and don't forget to buy the dip.

Senor Al,

Was up 6% on NUGT ended up getting 2%. Awfully hard to let winners run. Waiting to pounce on something today.

Hi all,
BIG NFP so USD big up... and so are commo down...

By the way, here is the last Greece update :

LONDON, March 9, 2012 – The International Swaps and Derivatives Association, Inc. (ISDA), as secretary to the Determinations Committees (the DCs), today announced that a question relating to a potential credit event with respect to the Hellenic Republic (Greece) has been submitted to, and subsequently accepted for consideration by, the EMEA Determinations Committee.
The ISDA EMEA Determinations Committee will meet at 1PM GMT on Friday, March 9 to discuss the question and to determine whether a credit event has occurred.

--> ISDA is cmposed by bankers, so not a big chance to see CDS activated.... but keep in mind, never know...

SB73 wrote:Senor Al,
Was up 6% on NUGT ended up getting 2%. Awfully hard to let winners run. Waiting to pounce on something today.

Senor
However, even u have 2 admit how smart u were yest
In and out tvix
Nice face

stucap wrote:

Tabby wrote:

Cobra wrote:

stucap wrote:Bears have no chance. Even if (stress if) this thing reverses this morning, VWAP is sitting pretty at the overnight low 1363ish ready for the JBTFD.

Party on Garth!

http://tradingchumps.blogspot.com/2012/ ... riday.html

FOMC on March 13, so hardly can market drop before that. I guess.

EUO,UUP and $SPX are all open in green. It is kind of hard to believe that we are going all in the direction.

Not really hard to believe --- Market no longer cares about the time-tested indicators --- just watch AAPL and don't forget to buy the dip.

Well said, but also don't forget to book profits once in awhile.

UCO 5min

Gap fill was denied...could be very interesting today as we are rushing right back to the previous high.

stucap wrote:

Tabby wrote:

Cobra wrote:

stucap wrote:Bears have no chance. Even if (stress if) this thing reverses this morning, VWAP is sitting pretty at the overnight low 1363ish ready for the JBTFD.

Party on Garth!

http://tradingchumps.blogspot.com/2012/ ... riday.html

FOMC on March 13, so hardly can market drop before that. I guess.

EUO,UUP and $SPX are all open in green. It is kind of hard to believe that we are going all in the direction.

Not really hard to believe --- Market no longer cares about the time-tested indicators --- just watch AAPL and don't forget to buy the dip.

Jesus, you're like the most bullish person on this board.

I am bullish long term over the next couple of years but right now it's the time to be scared.

Dorsey Wright P & F charts show that the NYSEBP Dn .01..Option BP Dn .05.. NYSE HiLo Dn 1.38..OTC HiLo Dn 2..World BP Dn 1.09..Also the BPNDX reversed to the "0"'s..This all happend yesterday when the Mkt was UP..It appears the mkt tech's are starting to break dn..We will have to wait and see..

champix wrote:Hi all,
BIG NFP so USD big up... and so are commo down...

By the way, here is the last Greece update :

LONDON, March 9, 2012 – The International Swaps and Derivatives Association, Inc. (ISDA), as secretary to the Determinations Committees (the DCs), today announced that a question relating to a potential credit event with respect to the Hellenic Republic (Greece) has been submitted to, and subsequently accepted for consideration by, the EMEA Determinations Committee.
The ISDA EMEA Determinations Committee will meet at 1PM GMT on Friday, March 9 to discuss the question and to determine whether a credit event has occurred.

--> ISDA is cmposed by bankers, so not a big chance to see CDS activated.... but keep in mind, never know...

Yes they wouldn't want to pay CDS. Well, unless there's a Lehman in the room then that could be different.