Cobra's Market View

Hedge funds are near-record leveraged long “…once the market starts to retreat, a potential rush by hedge funds to cut positions would strongly amplify the sell-off.” http://www.reuters.com/article/2014/04/04/us-hedgefunds-stocks-idUSBREA330YP20140404 Wait for 10% pullback and then Buy :mrgreen: Re...

Al_Dente wrote:Hedge funds are near-record leveraged long
“…once the market starts to retreat, a potential rush by hedge funds to cut positions would strongly amplify the sell-off.”
http://www.reuters.com/article/2014/04/ ... YP20140404

Wait for 10% pullback and then Buy

http://finance.yahoo.com/news/holder-u- ... oAvkuTmYlQ. Look who was running the Trade commission and what he is doing now. Maybe some of his buddies are still there.

http://wallstcheatsheet.com/business/aa ... ml/?ref=YF

Should stay under 1862 - Line from Last peak last month to latest peak.

Today- It Looks like Yellen saved her ammo for the next Bear scare

doji dough today Yellen time or http://www.youtube.com/watch?v=WxnOjxarNYA

I will state the obvious. We had a double top formation last month (Second peak higher than first-barely). This month we have another top almost fully formed, which is currently slightly lower than the last months top (see BullBear's chart above). It looks like the bounce was to quick/high to be sus...

What do others think about shorting UNG as the use of natural gas should be less going forward? The chart looks pretty overbought. Average daily UNG gain in each month over 1500 days. Short on Wed Close if history mean anything :lol: Month 1 = -0.16% Month 2 = 0.06% Month 3 = -0.25% Month 4 = 0.09%...

Bounce Point = 50dma = 1813.6. Lower channel (2day) = 1819. Good support line at 1815 from 1-13-14 low. GLTA

Approaching a strong resistance line and record High.

Top 50 drops over the last few years(grouped into years). see cc column.

Todays high based upon good low on 1-6 (1823). Small gap opened at 1800 today. Next resistance at 1833, an old gap from 12-26.

To me it looks at though resistance around SPX 1803 is crucial. If SPX manages to break that ceiling and to close higher once or twice we can assume that higher prices lie ahead... 50d SMA = 1809ish. 20d SMA = 1804.25 so a little extra wiggle room? I have 1806.21 for a gap and 1-13 has a good low o...

Al_Dente wrote:http://www.youtube.com/watch?v=dK9eLe8EQps

23daily signals.png

What is the "cutting" about. I looked it up on YouTube and found some twisted stuff.

The CCI-10 is speaking to me.

An add to Gappy's input.

The Market went past my top line, which I thought was the bottom rail of our current channel(overshot = bounce friendly). 200 MA = 1710ish is another bounce point.. That line is closer to 1730 than 1725 (as I indicated in the chart).

Based upon my S&P chart, there is very good support at 1755: three line intersection on tomorrows date: 1) Line based upon the low of the last two trading days. 2) Line based upon 12-18 low and 11-20 low 3) Line based upon 9-19 high and 10-18 and 10-17 gap :) GLTA :mrgreen: Upper resistance has ...

Where is Waldo? Long term differences in trends (SPY vs S&P) make a difference

Support-bounce :?: As oversold as it is, I am expecting a dead cat bounce and with the line you drawn it will be more of a reason to think so. buying here is counter trend on my read in any time frames, it is the work of professional traders. I will watch the futures trade overnight to guide my mov...