Cobra's Market View

Mr. B reporting in... The NYMO cycle is down. The last up cycle was only good enough for a corrective move to the middle keltner band, which held as resistance. Not good. The 200 MA is on deck, and the month low lurks a little below it. Bulls should mount a defense in this neighborhood. If they don'...

Some news after my post two days ago. Price tagged the lower keltner band at SPX 4242.07 yesterday. For me, this means bears have reclaimed the ball, and I will have a bear bias until the upper keltner gets tagged. Seasonality turns bullish in the coming weeks, so we'll see what happens into year en...

Good Morning from Mr. B! The NYMO cycle is down. At the open today it hit the lower Turn Zone and has since bounced. Let's see how the week unfolds as it is month/quarter-end. I am checking in this morning, because we came very close to curing a stranded NYMO benchmark at SPX 4299.19 as well as clos...

Mr. B here with an increasingly rare check-in. I have altered my trading to free up time for other things. Historically, I have taken bigger positions and scaled out profit units pretty quickly to leave a comfortable runner with protective stops. It worked well. Lately, I have been taking smaller po...

A long lost BachNut reporting in after a long while in the wilderness... The NYMO cycle is up. However, last three days have been declines in positive territory. My data provider is FUBAR so I don't know what NYMO is doing today. In any case, if it doesn't make new highs, we have a negative divergen...

Mr. B reporting in... The NYMO cycle is DOWN! Interestingly, we are making lower lows in the Turn Zone this morning. We dipped to the Turn Zone end of January did a corrective bounce to the zero line and have come back down. Double dipping the Turn Zone like this is funky. Maybe but not necessarily ...

Mr. BachNut wrote: Pricewise, we have an open down gap at SPX 4017.77 that is close enough to be a magnet for closure.
We also have a benchmark for this NYMO cycle at SPX 3997.76.

Gap closed. Let's see if we can tag that benchmark...

The NYMO cycle is DOWN! However, as I write, it is dipping into the lower Turn Zone. So, some kind of inflection could be near unless it decides to proceed to Oversold. Pricewise, we have an open down gap at SPX 4017.77 that is close enough to be a magnet for closure. We also have a benchmark for th...

Mr. B checking in. Been awhile... been busy on other matters. The NYMO cycle is DOWN! We have a benchmark price of SPX 3997.76 set at the high of the last NYMO up cycle. NYMO has been bouncing up last few days, which may be a corrective move to the zero line or the start of a new up cycle. Time will...

No time for usual blah blah today. The NYMO cycle is UP and deep in the Upper Turn Zone. We hit the upper Turn Zone last week and price response was to continue up. Breadth has been very bullish consistent with a breadth thrust move. That said the NYMO high may be in. So, further gains may be given ...

Watch the US$ index. ebbs and flows seem to be correlating with it this morning.

The NYMO cycle is UP! In fact, we are up in the upper Turn Zone. As noted before, this is a signal to watch for a change in character. That is look for reversal, consolidation or confirmation of up trend in days ahead. It is just a time pivot not a price tell. It looks like the 200MA may have reject...

The NYMO cycle is UP! A low was put in on 12/19, and we have been making higher highs and lows since. Price has been range-bound ever since the NYMO low on 12/19. Perhaps this is a bear flag as price consolidates through this up cycle. I don't know. Price did make higher highs and higher lows in bot...

Mr. BachNut wrote:
Short SPX runner with BE stop.

Flat.

No time for usual bla bla post today.

Just want to point out that NYMO closed in the lower Turn Zone yesterday.
Can go lower, but time to be watchful for direction change.

Short SPX runner with BE stop.

Last week I posted a VIX chart suggesting that folks watch for a channel break which we got. Perhaps we are in a VIX Up cycle implying a bearish future for SPX, but there is a fly in the ointment. While the VIX has popped (opening up two down gaps by the way), the next month (January) VIX future doe...

The NYMO cycle remains DOWN. We continue to post lower highs and lower lows. Price has closed all nearby down gaps. Price has also returned to the middle Keltner band. Now what?... The 200 MA and the declining tops line continue to offer resistance. Interestingly, the rising middle keltner and falli...

JFR wrote:
Ha ha. Yes, back to work.

But here is a favorite, Gould playing Beethoven's Bagatelle Op 126, No. 3 ...

https://www.dailymotion.com/video/x6mkpa

And one from Brahms ...

https://www.youtube.com/watch?v=Rze5jtKLJTY

Back to work.

Right on! Righteous tempo. Wonderful. Thank you.

OK. Two more and then back to work!

https://www.youtube.com/watch?v=ZWwkrgms3KM

https://www.youtube.com/watch?v=JDhv2f2mweE

Going a little BachNutty today... TGIF.

By the way, I never truly appreciated Bach until I heard Yo-Yo Ma play Bach's Cello Suite No. 1 in G Major. And that captured me. Also Glenn Gould playing the Goldberg Variations. Oh Yeah. Good stuff. Yo Yo rings my bell. Gould is amazing, but I feel like he often played too fast, perhaps to demons...