Cobra's Market View

Transports at 596.83 approaching HOD and only about 30 away from the 2011 all time high.

Looks squeezy. If SPY is ascending triangle then it could run quite a bit higher.

Al_Dente wrote:Both the small cap RUT and mid cap 400 HIT NEW ALL-TIME HIGHS yesterday
oy

$TRAN on the move up again walking the upper BB on daily. Only 63 away from all time high.

$SPX 30 min the 13 MA crossed the 20 and now the 50 MA. Currently acting as support above 1460.

TWT wrote:SPX: Sideways could mean a Triangle instead of a ZZ / DZZ

I like the 4th wave triangle count as well.

Midcaps MDY hit an all time high today with some neg D, but overall looking strong. Transports at their high today are only 85 bucks away from a new all time high.

FXE, HYG, JNK are acting as if there is further upside ahead. I think we might see $SPX 1470-72 before dropping to the 1433-1444 area.

Bears need help here But bulls have only 1200 advancers…..too weak at the moment……..but squeeze alert is still on.......... 18bears needed.png The squeeze play could very well be on into AA earnings. thanks joey ps i like yr coffee :mrgreen: AAPL looks good to me for a pop and drop into earnings. I...

Al_Dente wrote:Bears need help here
But bulls have only 1200 advancers…..too weak at the moment……..but squeeze alert is still on..........

18bears needed.png

The squeeze play could very well be on into AA earnings.

Similar picture on XIV 5 min one day only 13momoxiv.png Time to take some profit on XIV long trade? I exited my XIV swing long position earlier today at 18.74. Probably there is still a bit more upside, but the best part of this big move is done for now IMO and I will look for another entry after p...

Similar picture on XIV 5 min one day only 13momoxiv.png Time to take some profit on XIV long trade? I exited my XIV swing long position earlier today at 18.74. Probably there is still a bit more upside, but the best part of this big move is done for now IMO and I will look for another entry after p...

Nice chart Miyagi... :D :D Thanks TraderGirl, I find the 10,1.9 more suited to our style of trading, where we are watching the market all the time even of we don't trade 100 times a day. It is far faster and more responsive than the 20,2.0 setting. Did you take any pictures of yourself in an elf co...

MrMiyagi wrote:

What is your BB setting? On my daily chart the 20,2 BB setting is just now trying to get through and find support at the middle BB with upper BB about 571.

MrMiyagi wrote:

joeynickels wrote:Domo arigato Mr.Miyagi. Made my money today counter trend using your SPY, QQQ p-bar info. Thanks for posting those

Doing my best Santa impression .

Cha-Ching on the cash register... Both targets hit

Domo arigato Mr.Miyagi. Made my money today counter trend using your SPY, QQQ p-bar info. Thanks for posting those

Transports look very strong on the daily chart with 7 month range break on good volume. Bullish for market longer term IMO.

http://stockcharts.com/h-sc/ui?s=$TRAN& ... =286441837

Since the sharp move up 11/19 the SPY has not closed below the 13 EMA currently at 142.65. If we get the failed black bar/BB too high pullback then I plan to add at the 13 EMA area if reached. Not a recommendation. http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=0&mn=8&dy=0&id=p58040...

SPY daily has recent bullish crossover of 13/34 EMAs and is above both 200 and 50 MA. Nearby support is significant starting with pivot support 141.5 area, the middle BB at 141.61, 34 EMA 141.62, 50 MA 141.76, 13 EMA 142.20. I am net long and looking for pullback into OPEX this week that holds suppo...

Wow, thanks for the encouragement. I feel much better now. The guy did make me think twice if I'm doing the right thing or I should be shamed. :roll: Cobra, one stupid signal is not enough to change the winning strategy, is it? Well, the most important thing I learned here on this board is to trust...

Wow, thanks for the encouragement. I feel much better now. The guy did make me think twice if I'm doing the right thing or I should be shamed. :roll: Cobra, one stupid signal is not enough to change the winning strategy, is it? Well, the most important thing I learned here on this board is to trust...