Cobra's Market View

I think the market is gonna make new highs again this week. A consolidation above 1411 is bullish. My market review today.. Also check out XLF and Dow, it needs a confirmation. Its right now in a consolidation pattern/bull flag. I think its a good setup breaking above the high on XLF.

Looks like trendline support. Honestly, we are probably gonna close around 1400 since its such an important round number. My daily market review is up.

Cobra mentioned about the end of march seasonality, we may experience a few day so chop in this ascending triangle. However, take a look at the performance of April. Again courtesy of cobra's site. We are at 52 week high and next month looks great.

wow, double bottom so fast. 8 white bars on the 5minutes.

I highly doubt we have topped today, check out this chart. When has the market topped shortly after making a new high and closed at the high of the day? I mean, it is usually with some kind of reversal or confirmation before we topped. You can find some closing comments and analysis at my blog as we...

Dips are being bought folks, refer to my chart and arrows. Although, DOW and Transport havn't confirmed this new high on the spy qqq and iwm, we'll have to see tomorrow. Chances are that these indexes will follow up with new highs. After-all the market is incredibly bullish.

hello folks, I think the market is sides to up because of a complex double bottom with a target of 1400 and 1407. My chart here:

You can find my trades on my blog as well.

I won't do a friday market overview, gonna just be a weekend up date.

trendy day, looks like market wants to fill the gap at and close the weekly at 1400 or 1404.

btran874 wrote:S&P has to come down. She got no choice. DOW put in 3rd wave down so still missing 5th. I'll be super mad if S&P don't come down.

Lets be real, market does have the choice of not coming down, whether its probable is another story. The fact that you will be mad doesn't change this.

Sir Cobra, what do you think about GG and gold here?

This is completely speculative, I think we have just completed a 2 legged pullback and we are gonna at least test the 1400 level on the S&P before heading down. Remember the last time this happened was also a 3 day pullback, dips were bought excessively. Just look at aapl, if that "index&qu...

Cobra, question about TVIX? I don't understand why it drops so much. Could you explain it ? TVIX doesn't reflect VIX futures anymore, it's on its own because it's a closed ETF now. they should really change the name for TVIX...it's no longer a 2x VIX Short Term ETN anymore... here's a decent and si...

@cobra, attract more readers, get more regular readers, they vote attract more readers repeat lol. I think its a big deal since most of your traffic are direct. btw, do u get more direct or google search.

Look like we are gonna test overnight high. We are about to break yesterday's trading range.

Cobra wrote:OK, thank you thank you thank you. I'm writing my award speech now...

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Congrats cobra, your hard work is rewarded. Hope you get more subscribers

Good morning, looks like a flat open. orcl is up 2% overnight.

Thanks for your comments yesterday regarding my report:

Here is today's trader market summary. Let me know what you guys think

From Kimble charting http://blog.kimblechartingsolutions.com/2012/03/are-gold-and-silver-safe-in-your-portfolios/ Once Gold and Silver break out of this channel, I think it could be very bullish, the question is when will this happen?? Could happen after the summer correction, maybe around Sept/Oct...

wedge on the /es, let see if this is a dip buying opportunity or if it breaks down