Cobra's Market View

There have to be a bunch of buy stops in the 159.59-160 area. If the bulls can close this in the 158-159 area it could get really ugly for bears on a gap up open tomorrow.

FlowerGirl wrote:pBar Reading:
If I get this right, I will quite selling Bouquet
Third bar indicated to start the move upto- minimum of small bar, maximum of large bar.

SPY.png

Also notice volume spike in XIV!

XIV.png

I'm rooting for you

If there is a strong move up coming soon then we could be looking at EW pattern of waves (1)-(2) from yesterday's low with wave i-(3) as leading diagonal to today's 158.71 high and wave ii-(3) in progress to 157.4-157.8 area followed by strong move up in wave iii-(3) turning what looks like a wedge ...

Out of Bounds wrote:Does anyone else get the feeling that Cobra reads what we write and just sits back and rolls his eyes?

Cobra eye rolling = contrary indicator?

MrMiyagi wrote:Another day of rising Markets? How Shocking!!!!
The Power Hour will be moved to Opening Bell.

Any p-bars for IWM Mr.M?

Nice work. Much appreciated. AMBIGUITY • The outcome of the pattern is uncertain • Momentum and breadth indicators are suggesting that price has not completed the advance form the November lows It is still possible but it looks less likely the scenario that calls for a temporary top at the April 11 ...

More upside ahead into FOMC meeting announcement 5/1 seems likely. Predicting SPY 159-161 as the turn around area. Just the right spot for bulls to get euphoric and bears despondent. I'm still net long here, but looking towards the sideline waiting on coach Cobra to put me on the bench. SLV action l...

Out of Bounds wrote:Time to short - now we have the fear of the fear.

Good one

MrMiyagi wrote:

gld.png

I like the new p-bar snatcher avatar

bounce on neckline? or sharp breakdown. I'm positioned for the breakdown. Straight short position which I added to today and am comfortable holding. After the close outside upper BB on the daily chart it has generally been a reliable place to short XIV. GLTA better bet is VIXIES above or under thei...

fehro wrote:bounce on neckline? or sharp breakdown.

I'm positioned for the breakdown. Straight short position which I added to today and am comfortable holding. After the close outside upper BB on the daily chart it has generally been a reliable place to short XIV. GLTA

AAPL momentum looks pretty solid with not much negative divergence on my swing trade time frame. On the daily chart it has reached the middle BB and the 13 EMA with resistance at 435 area. Likely AAPL move will either fail and reverse from here or consolidate and move sideways in a range preparing f...

Looking at the tone of the discussion about long term vs day trading leaves the impression that the opinions of those with longer term perspectives are not welcome on this board. It seems to me that this attitude is rather short sighted. Day trade is self explanatory, but what is long term? Is some...

ok fine, who was long FSLR yesterday ? I was and still am long FSLR, but it is a longer term holding for me so not like I was there for the short term in and out play. ok boss :mrgreen: (u now qualify as an "official" boss) btw: what else u long? you know.... just curious.... Long CHKP, D...

Al_Dente wrote:ok fine, who was long FSLR yesterday ?

I was and still am long FSLR, but it is a longer term holding for me so not like I was there for the short term in and out play.

Cobra wrote:bulls saying I'm bearish biased.

bears saying I'm bullish biased.

all just want to hear they want to hear.

Only snake bias here

BullBear52x wrote: next stop will be SeaWorld

where's Shamu?

I find this ONLY chart from StockTiming is very useful for novice traders or investors browsing on this forum. It works quite effective to identify risk-on and risk-off while taking a long position. How to read this chart as a newbie? All I focus on is the bottom indicator . It composed of two-part...

Hi All, I know I haven't posted in a while and wanted to let yall know why. I got an offer to work back in the oil & gas industry and it was like a "Godfather" offer. It was something that I couldn't refuse. I don't have time to trade anymore but still look at the live updates as much...

SPY big volume on last 5 min candle.