Cobra's Market View

Louise Yamada's technical analysis of the market as we go into 2016 from Bloomberg radio earlier this week:

http://media.bloomberg.com/bb/avfile/vEi.ki5.jgyg.mp3

How can this be good news? I am sure there are other such (and probably much worse news items) that will be released by media controlled by "smart money" once the market starts to go down next year. http://finance.yahoo.com/news/federal-reserve-will-pay-banks--12-billion-in-2016-165253054....

BTW, TSF, this chart has already accomplished a blue vertical line (2 out of 3 are aligned) and that seems to have also worked out for at least a small bounce in the past with a perfect record. It aligns with the likelihood of Santa rally call in Cobra's weekend edition. https://twitter.com/HumbleSt...

Nice charts. I doubt we will get OBOS too much lower than where it is right now as the market has been correcting for a while. The ratio of SPXA50 and SPXA150 may not go much lower from here because most stocks have been lower for a while. If we get a severe spike down in the stock market, then it w...

Thanks Mr. B. Happy holidays and happy new year! OK. Flat now. Stops were hit. Perhaps the campaign is over, but I am inclined to reload on a capitulation flush or clear technical turn. The NYMO cycle is up. This will be my last post for the year. I wish for everybody the happiest of holidays. Ho Ho...

Uempel, thanks for this chart. Just framing my opinion on this chart and the channel that SPX fell out of and further made a lower low earlier this week compared to last week, makes me think that Santa rally might not happen (or might just be a weak bounce) this year. Monthly chart is a great tool f...

Your picture already looks like an H&S top. Bears are ready to pounce all over it. well, if bull want a santa rally, then it should hold around LOD. No, must hold ES 2021 and tomorrow is monthly Opex. Only early next week matters for Santa Rally setup The reason i am saying this is 55-EMA (I use...

Thanks Unique. Unique, how does one get ready for it. Is there a trade that works for the shakefest because the move is in both directions? Thanks. Friendly reminder, get ready for tomorrow's shakefest. 3AM EST Non-monetary policy's ECB meeting 2PM EST Fed Interest Rate Decision Generally, on Fed da...

Unique, how does one get ready for it. Is there a trade that works for the shakefest because the move is in both directions? Thanks.

Unique wrote:Friendly reminder, get ready for tomorrow's shakefest.

3AM EST Non-monetary policy's ECB meeting

2PM EST Fed Interest Rate Decision

Gappy, 40-80 points up from here? 40 points maybe, but 80 points seems implausible. Hourly. Capture.PNG Hopefully a 4-8 handle pump this week leading to new Santa rally highs to be faded w/ the gap below as a target early next year. Or the opposite. a) Reward has to be > risk b) $ is accrued by hold...

I never care too much about who wins, but this time I am definitely voting to make sure I do my bit to help anyone but the demagogue win.

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Do you mean December 16? I posted this very long term chart one month ago - and so far it's suggesting a move down. Should the ellipses be correct (and the time signal not be a dud) there is much more downside to come. Difficult to assess. But as long as market breadth is so weak the bullish outcome...

Mr. B, thanks for this update on NYMO. Now that NYMO made a new LOW today (-139) below last Thursday's low, according to your explanation the entire UP move from 11/13 renders itself as just a corrective move. Tomorrow or day after seems to be turn date (courtesy Uempel) so what does your indicators...

Hi AndrasGy, I did not follow what the conclusion is from this table. Are you saying that going LONG on Friday's close was not a bad proposition as the market was DOWN only a maximum of 2 (or 3 or 4) bars? But that is not true in the last 3 instances that you present. For e.g., on 2014/10/08 (Octobe...

Thanks Mr. BachNut. Your analysis makes a lot of sense to me. I appreciate your taking the time to explain it. A couple of things Nikman: I don't expect anything. I don't predict anything. I haven't a clue what will happen. However, I trade possibilities and look for technical levels to which trade ...

Mr. BackNut, Am I reading your chart correctly? You're expecting a corrective pullback to 2042 or even lower to 2020? Especially because everyone is saying that we are now cleared for the retest of the all time high. Thanks in advance for the clarification. Mr. B here. I have marked 11/13 as the NYM...

Wow! You nailed it again, Uempel. Now the question is: does it break up or down from here. A test of how strong these resistances are.

uempel wrote:Update:

SPX1.png

Where is Marcueus?

daytradingES wrote:for Marcueus

shaping up a little like 28 Oct 2015

They are giving much higher weight to employment and inflation for this December rate hike. So I don't think these numbers derail the rate hike -- otherwise the FED will look too weak. There is no better leading indicator than housing and construction for the economy. This is terrible news. (Unless ...

Thanks Unique.

Unique wrote:ES: Previous close line = 2048.75. 1HR 20EMA +100SMA support = 2047.72