Cobra's Market View

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Gap up along yesterday's high so the gap might be filled.

I don't see anything wrong on Global ES other than a small 3 Push Up could be in the forming, which for now is just a slight possibility, so cannot say it's bearish yet, need wait and see.

Mornning, Cobra. do you use indicators like stoch or RSI ?

Good morning, buying some more puts today

Those who missed it yesterday - my new found wisdom.
Expect 5 to finish around 140.40 on SPY which is about 1402 on SPX and 1397-8 on ES. Then it should be a ride down to tap the red line.

the open.

BlackThought wrote:Good morning, buying some more puts today

me too. shorting IYT

knock wrote:Mornning, Cobra. do you use indicators like stoch or RSI ?

Only RSI a little to watch divergence.

FWIW - Attached is a graph of the WSJ Money flow for DJIA (http://online.wsj.com/mdc/public/page/2 ... yflow.html
Blue line - DJIA close
green line - Cumulative block MF
red line - Cumulative total MF

Cobra: I am waiting for your decision to enter spy put.

oldpigwang wrote:Cobra: I am waiting for your decision to enter spy put.

let me toss a coin first. You want head or tail?

Correction. shorting QQQ on next turn down

The clock chimes the hour. Time to turn around.

oldpigwang wrote:Cobra: I am waiting for your decision to enter spy put.

Consider shorting Spain (EWP).

Cobra wrote:

oldpigwang wrote:Cobra: I am waiting for your decision to enter spy put.

let me toss a coin first. You want head or tail?

Cobra,
You're THE MAN!

About a month ago someone recommended a web site called "BB Finance" for good dailey updates on the mkt.I have read them about 2 times a week and I am not to impressed and now find it a waste of time.Am I missing something..What are some other comments.

Perhaps this market has also landed on Mars ?

PAGING AUSSIE
http://www.bloomberg.com/news/2012-08-0 ... rooms.html

PAGING COBRA
Just sent you @hotmail
For after the close when u have time

nothing to say, wait for OR breakout first, seems strong.

jdow wrote:Correction. shorting QQQ on next turn down

note aapl holding the breakout area (easy to see on daily) first hit--this is to be expected.

Al_Dente wrote:Perhaps this market has also landed on Mars ?

PAGING AUSSIE
http://www.bloomberg.com/news/2012-08-0 ... rooms.html

PAGING COBRA
Just sent you @hotmail
For after the close when u have time

I replied you. Let me know if you'd like to take the bait.

2 min internals TWO MIN (adjusted accordingly)
nyadv gave up its 2000, now 1900 but trying again