Cobra's Market View

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Huge gap up, so the gap might not be filled.

For Global ES, normally, the push up should have legs. A tine little problem is it leaves an unfilled gap which is very rare for ES and destined to be filled in the future.

cobra have you ever done a gap fill study on the daily and 60min? Just curious about the fill success ratio and timing (how long to fill) on SPY, global_ES, etc?

Hi cobra, happy New year.
Excuse me but sp500 is moving to New period high >1448, so for your map bull can't fail Now... But the call of New red leg to New higher lows Now is Cancelled or still live? For you what is target of this up leg? When you close your long position? Thanks

members only update starts here: http://www.cobrasmarketview.com/2013/12 ... ay-update/

Good Morning and Happy New Year.
I hope you were paying attention to VIXies
viewtopic.php?f=2&t=780&sd=d&start=60#p111682
May VIXies help you in your trading in coming days and months.

Claudio.dicorato wrote:Hi cobra, happy New year.
Excuse me but sp500 is moving to New period high >1448, so for your map bull can't fail Now... But the call of New red leg to New higher lows Now is Cancelled or still live? For you what is target of this up leg? When you close your long position? Thanks

Could you kindly ask this kind of question in members only area? Thanks. I have no up target yet, need see a pattern first. The call for revisit low may just be delayed depends if bulls can hold the gain and up huge after open.

juiceman wrote:cobra have you ever done a gap fill study on the daily and 60min? Just curious about the fill success ratio and timing (how long to fill) on SPY, global_ES, etc?

For SPY you can pretty much forget about gap fill.

For ES, the gap is rare nature because ES almost trades 24/7, so not sure if any gap will definitely be filled.

Thanks Excuse me

Looking at the ES ... my thought is when will this silliness/insanity end???

-
From Larry levin newletter:

Initially Obama said a deal was
"close" and the market exploded, but the longer Obama spoke, the kneejerk
sellers entered, recognizing that there was no deal and worse, any deal
would be just a 60 day stop-gap deal that doesn't address the debt
ceiling.

...

Monday alone was a completely insane day. The market was
like a fourteen year-old-boy being yanked around by the popular girl.

...

So we reportedly have a "deal", but this nonsense begins anew as the debt
ceiling question still needs to be addressed.

Hmmm wondering if this will be like a non-farm payroll day where we start high and go lower (sell the news).

VIXies Update:
A new VIXies M05 trading setup is almost ready and will be released in the subscriber's area within a week. Here is equity curve of trading by this setup. Data on the left of purple vertical line is based on back testing while the data on the right is from live testing. The red trend line is the best fit and is extrapolated into the future. Stay tuned for the details of this trading setup.

Harapa wrote:VIXies Update:
A new VIXies M05 trading setup is almost ready and will be released in the subscriber's area within a week. Here is equity curve of trading by this setup. Data on the left of purple vertical line is based on back testing while the data on the right is from live testing. The red trend line is the best fit and is extrapolated into the future. Stay tuned for the details of this trading setup.

Can't wait to see, great stuff Harapa

Harapa wrote:VIXies Update:
A new VIXies M05 trading setup is almost ready and will be released in the subscriber's area within a week. Here is equity curve of trading by this setup. Data on the left of purple vertical line is based on back testing while the data on the right is from live testing. The red trend line is the best fit and is extrapolated into the future. Stay tuned for the details of this trading setup.

Thanks, cannot wait!

5th year in a year we are +1% first trading day of the year http://www.bespokeinvest.com/thinkbig/2 ... again.html

daytradingES wrote:Looking at the ES ... my thought is when will this silliness/insanity end???

-
From Larry levin newletter:

Initially Obama said a deal was
"close" and the market exploded, but the longer Obama spoke, the kneejerk
sellers entered, recognizing that there was no deal and worse, any deal
would be just a 60 day stop-gap deal that doesn't address the debt
ceiling.

...

Monday alone was a completely insane day. The market was
like a fourteen year-old-boy being yanked around by the popular girl.

...

So we reportedly have a "deal", but this nonsense begins anew as the debt
ceiling question still needs to be addressed.

This market only cares what is happening today, it doesn't care about any time longer than that, so let's stay crazy with it, never try to logic with it.

the open. too stretched, so might see pullback first.

I want to post an update to a chart that I posted on Monday (31st). I'll upload it soon. It was showing a bullish falling wedge on ES.... It was bullish indeed.

skittlesmds wrote:I want to post an update to a chart that I posted on Monday (31st). I'll upload it soon. It was showing a bullish falling wedge on ES.... It was bullish indeed.

Here is the update of the chart. Posted this on Monday and it seems that it worked out at least in the short-term.

Harapa wrote:VIXies Update:
A new VIXies M05 trading setup is almost ready and will be released in the subscriber's area within a week. Here is equity curve of trading by this setup. Data on the left of purple vertical line is based on back testing while the data on the right is from live testing. The red trend line is the best fit and is extrapolated into the future. Stay tuned for the details of this trading setup.

VERY INTERESTING!!

FISCAL CLIFF DEAL: $1 IN SPENDING CUTS FOR EVERY $41 IN TAX INCREASES
Xian should be very happy.