Cobra's Market View

IWM lod so far 101.61 prints a lower low on weekly going back more than a year and at the 200 weekly MA support area.

Rarely sighted. A large furry animal with claws and LEGS...

MrMiyagi wrote:

1546.png

1545.png

Thanks. Anything for IWM?

fehro wrote:$BTK biotechs weekly.. a tad ugly

Nice chart. Like.

A little into trading psychology about the week I had and thought it could help others that are in similar situations: Today, I just realized I missed out on a riding 1000% gain on GOOGL and settled for a double earlier this week. Context: I longed both AMZN and GOOGL around 9:40 on Monday and took...

Bears need to put a lid on this right here... Otherwise heavy short squeeze in the offing.

fehro wrote:the paint is going to come in the last 20m... hammer it? then OEW next week = up into the confluence of 20d/50d/20w.. then go short

Daily close above 2079-2080 above 13 EMA and 150 SMA could mean a retest of 50 SMA at 2100.

ALdaytrade wrote:

ALdaytrade wrote:STOCK CHARTS BACK UP!

STOCK CHARTS BACK DOWN!

Just like the market

Some items supporting longer view bear case..

http://seekingalpha.com/article/3263615 ... ighs?ifp=0

Yesterday, XIV hit seven cents shy of an all-time-high. What’s next? Since forever on XIV, the Vortex Indicator (top panel) has a perfect record of calling tops. Sometimes it’s a minor top, sometimes it’s a major top. As this is a WEEKLY CHART, it can take a while to work out 612xiv vortex.png.png ...

This should be bothersome for bulls. Negative divergences in the $NYAD - broader market on the new highs...

Paging Bachnut: re your post yesterday here's a link to an article on decision fatigue I posted a while back: http://www.nytimes.com/2011/08/21/magazine/do-you-suffer-from-decision-fatigue.html?pagewanted=all&_r=0 Decision fatigue is something you don't realize is happening, but will lead to em...

Out of Bounds wrote:A friend just posted this "lost" Talking Heads concert from the 1980. Enjoy!
http://dangerousminds.net/comments/hous ... king_heads

+ infinity

Cobra wrote:this should not happen on a strong uptrend day. no good.

Maybe not so good for action on 5 min chart, but on longer time frames like 30-60 min looks like bullish consolidation above support at 205.46 and waiting for MA/EMAs to catch up.

Well there you are. Nice chart. Welcome back.

MrMiyagi wrote:

uempel wrote:Miyagi, are there any SPX P-Bars which have not been met

Just these ones from yesterday:

2628.png

Anything for QQQ, IWM?

TWT wrote:$SPX: Too many options We don´t even know if a s/t bottom is in place yet Triangle ?

Excellent. This is how I picture the inside of everyone's head right now. No clear direction. Deer in the headlights moment for sure.

Closed GDX call position and 1/3 of NUGT long position with no changes to GDX long position. GLTA.