Cobra's Market View

Happy Holidays all. I'm going to take some time off from charting during the holidays. (Will still be reading though in an effort to stay up-to-date.) Have a great, and hopefully profitable as well, holiday season, and I'll see you around next year.

Good morning to everyone on the U.S. side of the pond. Cobra, I asked you a question about the Hindenburg late last night/early this morning in Market Outlook that you may have missed. http://www.cobrasmarketview.com/2011/12142011-market-outlook-more-selling-ahead/#comment-387145325 Thanks for gett...

Good morning to everyone on the U.S. side of the pond. Cobra, I asked you a question about the Hindenburg late last night/early this morning in Market Outlook that you may have missed. http://www.cobrasmarketview.com/2011/12142011-market-outlook-more-selling-ahead/#comment-387145325 Thanks for getti...

The only member voting against supported *additional* policy accommodation.

That's a change.

Everyone ready for FOMC fireworks?

michelangelo wrote:VIX AND SPX are both down about 1.5%. Anyone with numbers on this?

Not me, but I think I know who does and that you're in the right place.

See you in Trading Signals.

I'm noticing slowness too.

TA sidenote: SPX hourly is oversold with possible class b divergences building on the MACD and RSI (we need a bounce to confirm).

Chart

Cobra wrote:ok, the target I gave in the morning was met.

I was going to ask why not this target which lines up fairly well with this morning's target?

Let's see if a break of last week's lows can perk VIX up a bit.

Seven 5 minute bars withOUT a close below the 50% retrace of the last move higher. Just above the 200 sma . . .

. . . could be a bear flag too.

When referring to patterns, like a triangle for example, I might say breakout when it breaks down, but normally I'll say breakdown out of a triangle. When referring to support and resistance, a breakout for me is a break higher through resistance, and a breakdown is a break lower below support. I'm ...

The EOW looks normal to me. Profit taking into the weekend after an almost 8% run-up (at the all import 200dma none-the-less). :ugeek: When looking at things from the weekly standpoint, a new bar that opens more or less unchanged, that trades lower putting in a small lower shadow, to, let's say 1225...

If the equity world was only limited to the DOW, I'd say things are looking very constructive for the bulls with a possible consolidation above the 200dma. But, unfortunately, things aren't so simple. Good thing the bulls had a very constructive day in Europe. Using the most basic of TA metrics, a l...

SPX Monthly Provisional

Dow Industrials and Dow Transports both currently sporting GREEN monthly candlesticks with long tails down to support.

Provisionals of course as we'll have to wait until the close.

Thanks!

Ouch! Market on close orders!

Add: Marubozo on the weeklies with a gap at the top. Ain't a pretty sight.

Earth people bears selling (or shorting?) the low volume, holiday hole.

Inverted hammer on the daily.

uempel, how do you duplicate objects in StockCharts?