Cobra's Market View

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Happy New Year!

Flat open, so any gap will be filled.

Global ES had a 2nd test of the Friday's low and rebounding, so there're chances the current rebound would last (2 legged?). Key time now as ES now is fighting the resistance.

members only update starts here: http://www.cobrasmarketview.com/2012/12 ... ay-update/

This week's stock picks: viewtopic.php?f=10&t=779&p=111508#p111508

2013, yeah! Bring it! Peace and prosperity this year to you Maestro Cobra and esteemed board members. May the sea be smooth and the wind in the sails. http://www.youtube.com/watch?v=oNx2rH6hHog

the open.

SPY YTD return is currently 13.91%. That's too high.

Does anyone remember seeing VXX and XIV having this much disparity before?

I have not noticed delta this much over the last year or so..

Darn, the stock market has regular hours today ?

you would think that with computers that they would be open 24 / 7 / 365 !

SPY has been trading since about 0100 am Pacific Time, with a 24 hour broker/feed.

jademann wrote:you would think that with computers that they would be open 24 / 7 / 365 !

I like having 17.5 hours break between trading sessions. If you want more hours for trading, there's futures trading.

I have never seen UVXY/SVXY trade like this. they seem BROKEN.
UVXY is usually double the percentage move of SVXY, today its HALF. And the same for VXX / XIV. Dont know what to make of it, so I am flat.. any thoughts?

Now UVXY is down 4% and SVXY is down 2% !!! and same for for VXX/XIV..

resistance.

That was a pretty wild close on Friday.

JFR wrote:That was a pretty wild close on Friday.

Yea, one guy saw blood in the streets

trend line resistance.

Petsamo wrote:

JFR wrote:That was a pretty wild close on Friday.

Yea, one guy saw blood in the streets

Show a chart. Rather than make a nothing comment.

From the Business Insider;
The Two Sides Are Now Absurdly Close On A Fiscal Cliff Deal — Here's The Latest Offer
http://www.businessinsider.com/fiscal-c ... al-2012-12