Cobra's Market View

Al_Dente wrote:

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Wait, I see a green square, all hope is not lost!

I use an unconventional setting on the weekly full stochastic but it works for me. As you can see (although intraweek today) it is pushing the zone where turns have been made over the last 10 years, including the 2008 crash. This has a good record when the Daily stochastic makes a bull turn while th...

Could I interest anyone in a double bottom? Going once . . . going twice . . .

Action looks weak, and so I moved my stop up, and now out of the long entered on Friday for a small gain. Still leaning bullish for a swing, though. Trailing a new long entry, but obviously not a lot of conviction on my part.

(swing to intermediate trade) I just went long on Friday at 1876 (SSO) with an aggressive entry after my system generated a Buy on Thursday, and then again on Friday. 20% long, 0.5% at risk. Thanks for posting! I admit I cannot see what gives you your buy signals (altho I see the buy signals as blu...

Hey folks, I haven't posted in 18 months or more, I lurk once in awhile and have noticed the loyal crowd is still posting. That's great! I'm a swing to intermediate trader, and still in it. Included is an image with my buy signals from the past two years. In early 2014 a buy signal was followed by o...

As noted by others, today SPX is touching a 5 year rising resistance that has induced a negative reaction the last 5 times it has been touched in this year alone. The High for today, so far, is almost exactly on the TL per this calculation :

It's Spring and I've been very busy, including transitioning from a PC with XP to a Mac with OSX Mavericks. Huge change. Transitioned all Excel SS with macros, and have been having fun with Automator and Applescript automating various file, url, SS, and window sizing/scrolling functions. Here's a sc...

Editors pick if you haven't read it. Good overall analysis.
http://seekingalpha.com/article/2190083 ... ysis?ifp=0

Interesting take here. Does anyone know about Alternative Futures? Forcasts weakness this week, strength next, and then weakness for a month.
http://seekingalpha.com/article/2190263 ... -500?ifp=0

FX and VIX diverge. FXE/FXY point down, VIX points up. Who wins?

I see Mr Bachnut just noted the diamond pattern, you can see that here also. The next observation has probably been noted also, but I haven't been frequenting the board, very busy, and also changing computer platforms (pc to mac) that has entailed adjusting my Excel spreadsheet macros between the tw...

Well, call me fool, but I took out a 1/6th short at SPX 1869 (SDS), trailing another 1/6th. I think we are still in the consolidation seen over the last 6 weeks, and the 3% advance over the last 4 days is consistent with the magnitude of the swings we've been seeing. Never-the-less, I would expect t...

whoops

I just thought I'd put a few thoughts down. I got a Buy signal yesterday on SPX (swing to intermediate - about 6 signals per year), EXCEPT for 1 factor. And, normally I would have gone long this morning. What is holding me back, in fact I'm trailing a short entry under price, is that we didn't reall...

An addendum to the comments I made on fehro's chart. This chart is using OBV, a rather simple volume indicator, but others are showing a similar divergence. Comments have been added comparing the current period to the January top. This of course does not mean a reversal is imminent, the longer this ...

And SPY Daily.. needs to bounce.. or it will crack hard... could go either way. One thing to note on the SPY chart is that since the week of March 10, the red volume bars are taller than the blue. This negative divergence in volume can also be seen with an indicator such as On Balance Volume. To me...

http://www.dallasfed.org/news/speeches/fisher/2014/fs140404.cfm An exert about QE from a recent speech by Richard Fisher : This has allowed U.S. businesses to restructure their balance sheets, manage their earnings per share through share buybacks financed with bargain-basement debt issuance, bolste...

I confirmed a cycle low on my NYMO chart yesterday. I view the low as a poor quality low as an oversold condition was never achieved. Oversold lows are useful as the liquidation that occurs frees up cash to power the move of the up cycle. NYMO analogs.jpg I agree. A contrarian read of CPCI, CPCE, a...

The Monthly MACD at ~138 has never been higher. SPX is pressed up against the 5 Year rising resistance, a line it has challenged 5 times in the last 3 months. And yesterday, SPX rose above the Daily and Weekly BB intraday, closing below at the second new ATH in 2 days. After what appeared like the p...