Cobra's Market View

anyone getting a good read on this market? short term indicators show us oversold but in a downtrend intraday. 3/5 minute indicators show us at a good retrace and potentially ready for another bullish run. not so fast jar. declining issues $DECN hit 2227. If it can hold above 2000, the bears have t...

heavenskrow wrote:Today is a sad day. My data provider realized I was getting realtime data for free and unglitched it...

Now I have no more realtime unless I pay.....

freestockcharts dot com is pretty darn good (after the hellacious learning curve)

The freefall in Germany continues, bringing the $DAX index (and EWG) back down below it’s ’09 and ’10 correction levels. That is not so good, as DAX is highly correlated with SPX, and suggests that 1154 SPX may need to re-align too. http://stockcharts.com/h-sc/ui?s=$DAX&p=W&yr=3&mn=5&...

agnosia wrote:

bushwaffle wrote:agnosia: what is "/cl"?

crude oil futures

just needs refreshing

http://finviz.com/futures_charts.ashx?t=CL&p=m5

"made of paper" i like that.
Did spy just open at double bottom with 6 sep low.
Advancing issues racing up but still only 900 zone.
Decliners 1670, not the >2000 we would need to see for a strong bear, not good enough for bear yet

Ouch, VIX 42, but she couldn't hold above 40 last week.
I do see that strength in djussc but also the banks bkx

Cobra: You are in highly esteemed company. Libor and the Ted Spread are also showing signs indicating further downside in SPX (intermediate term). That hasn’t happened in a while. They’ve both been pretty quiet since May last year, when they signaled the SPX sell-off, and then they gave the all-clea...

CPC will likely close to the recent high, 1.45 now uka: thanks for your trin alert. but it does have room to go quite higher. just one example may '10 went >35 and a few other notable times. I recall Bernie Schaeffer calling it his favorite bottom-finder, then the market dead-cat-bounces and SPY go...

qtipped wrote:not sure if anybody's reading my messages...but i just covered my spy. closed my shorts. done for now. good luck all. not a bad first trade in 5 months. i don't think it'll go lower today.

we are reading, just seldom responding
congrats on your great trade

May be near time to cover. Bloomberg is now chirping about how the mrkt is "going to break down here."

Ginormous bull tick hit >1300 on stockcharts (or >1051 on schwab, or >1145 on freestockcharts, etc). Point is it's hefty buying, maybe just a few program trades, maybe more. Declining issues are holding strong in the 2500 zone (BEAR), but don't let nydec break too much more (last chance cover on nyd...

Everything internally is obviously strong bear. But there is a glimmer of something in the VERY SHORT TERM VIX/VXX divergence. VXX higher high. VIX says no way, double topped, neg diverg. VIX is already at a monster 40, and maybe just needs a breather, and is so fickle it can turn in the time it tak...

Okay BB52X: you called the top yest within 15 minutes of the high on day. So, can you call a VERY SHORT TERM bottom here yet?
(pos diverg, big fat red volume capitulation sticks.....)

Okay then, maybe champix is here today.

CHAMPIX: Veuillez montrer le CL si vous pourriez. Merci a l'avance.

agnosia wrote:

agnosia wrote:86.15 and 86.02 critical on /cl . i am long 86.5, stop 85.99.... looking for some retrace this afternoon.

looking to sell at 87.45 pivot

Can you post cl chart. Our erx very strong but hitting strong resistance at the moment

BullBear52x wrote:entertainment only

Did a UFO just land on your target?

Paging Champix: Would you post your CL chart again, sil vous plait. Thanks in advance. I am at home right now (it's 9:50 pm here), using another config so chart is a little bit different. big support @ 88,65 and first target still 90,48. I am in a wait and see mode Merci beaucoup. Was looking for h...

Paging Champix:

Would you post your CL chart again, sil vous plait.
Thanks in advance.

Dear Cobra:
You called it yesterday. Whenever you say Chi Oscillator is too high on 60min, I wake up.
You da man.... again

Okay, you’ve all had time to digest it. Someone please post what ben just said. FOUR SENTENCES ONLY. Plain English (no “Twist” analysis allowed). more tools more times. economy worst then thought int. @ zero until 2013 bad jobs number will be with us longer This is not Ben usually says. It should b...