Cobra's Market View

It doesn't look good, bulls. According to my timing indicators the bear market is starting here! S&P moved below the moving average that was the best support in the last 10-15 years, SMA 375 on daily chart or SMA 75 on weekly. This is usually a bad omen for stocks. even more the pair of EMAs tha...

I can see the bear market from my "backyard". It's really scary (if you are a bull, of course).

http://babaro22.blogspot.com/

I have reasons to believe that the current mini-rally is going to stop around 1,215

http://babaro22.blogspot.com/

dollar gives signs of bottoming, no new low in the last 5 months. It looks like the market is not counting on a new QE.

http://babaro22.blogspot.com/

Huge rally but I am not very impressed. Today SMA 50 crossed SMA 200 generating so called "death cross".

http://babaro22.blogspot.com/

It doesn't look good, bulls. SPX slipped bellow it's 20 years MA support. Details on my blog.

http://babaro22.blogspot.com/

Yesterday reversal was a bad omen for stocks. Next stop around 1250. If that fails brace for 1215 the level where I am pretty sure this bull market will turn in a bear market for good.

http://babaro22.blogspot.com/

Weekly DMI has turned positive! Correction is over!

http://babaro22.blogspot.com/

Daily DMI has turned positive, BUY signal on intermediate time frame, but "death cross" still possible. Bears are not done yet on longer time frames.

http://babaro22.blogspot.com/

market needs to rise today. otherwise it will slip below SMA 200

http://babaro22.blogspot.com/

BBFinance: "for non TA person" As recommended here by uempel, John J. Murphy's Technical Analysis of the Financial Markets might be a good read. Buy it at Amazon but use the link at Cobra's. 99er, in some cases the charts are painfully obvious on direction, and then there is really no nee...

The most important resistance level is 1265. Anything bellow this level will trigger a huge sell-off. Here are the reasons:

http://babaro22.blogspot.com/

market at another cross road. Overall is bearish but is also very close to one of the most important support levels.

http://babaro22.blogspot.com/

Market dangerously close to SMA 200

http://babaro22.blogspot.com/

Bulls are trying something but I am not very impressed. Resistance levels at 1,293 and 1,296 on 60 minutes chart, 1,298and 1,305 on daily chart. DMI continues to be negative on every time frame

http://babaro22.blogspot.com/

Maybe not a double dip but market is going to see a big drop from here. One of the major technical indicators has turned negative for the first time since September 2010.

http://babaro22.blogspot.com/

market is plunging further down but UNG looks like is getting close to the bottom:

http://babaro22.blogspot.com/

bulls did it again, a pretty impressive 25 points rally from 1295 yesterday low to 1320 today. Still the resistance at 1320 (SMA 120 on hourly chart according to my timing system) did function well. I do expect another "visit" to 1300 next week but I am ready to cover if bulls decide to pu...

Market continues to be bearish but i must say I didn't like the 15 points rally in SPX at the end of the day. This should remind bears that this whole correction is due to to the price of the oil and it may turn around over night.

http://babaro22.blogspot.com/

sell signal confirmed by daily DMI that turned red today. The sell signal on SPX was confirmed by DOW.

http://babaro22.blogspot.com/