Cobra's Market View

Cobra, any ideas about the Nasdaq 100 restructuring? Taking AAPL from 20% to 12% and upping MSFT and GOOG? Do you see AAPL going down and GOOD and MSFT going up short term because of this? If AAPL close here, the the chart is not bad. I have no idea about the effect of Nasdaq 100 restructuring. The...

Cobra, any ideas about the Nasdaq 100 restructuring? Taking AAPL from 20% to 12% and upping MSFT and GOOG? Do you see AAPL going down and GOOD and MSFT going up short term because of this?

So I see all your posts about island reversals and bull flags ... what are the best ways to capitalize from these moves? How are you profiting from this? Is there a thread where we talk about the trades we are making and the stop loss / limits putting on each trade?

Anyone have reasons why AAPL is going against the market?

Is this temporary?

Should I buy AAPL or just stick with SPY? The charts are bearish on AAPL at the moment...

it gapped down slightly...

Like I said yesterday (thanks Carl)...

Today's range estimate is 1303-1319. The cash S&P closed above 1305 yesterday. This means that last week's low at 1249 in the cash (1241.25 in June ES) ended the drop from the February top. The market is now headed for 1400 and above.

Today's range estimate is 1294-1311. I now think it is likely that the cash S&P close above 1305 within the next few days. Such a close would mean that the cash low of 1249 will hold and that the market is headed for new bull market highs. Carl Futia? Yes! Good call. That is what he thinks, and...

Today's range estimate is 1294-1311. I now think it is likely that the cash S&P close above 1305 within the next few days. Such a close would mean that the cash low of 1249 will hold and that the market is headed for new bull market highs.

Hey Cobra, If you had April Calls for AAPL at 340 and 350 would you roll them over for May or June?

Do you think this is the bottom Cobra?

QE3 is on the table. Once the nuclear reactors are managed...this market is going up HUGE. Add 3 months to the bull market that was going to end in May.

This pullback is weak: Market leader AAPL down .85 Market leader CMG up 5 Market leader NFLX up 7 This pullback is based on technicals charting and day trading and that's it. Hedge funds have not moved and I'm sure because they are off today (playing golf and on their yachts) monday is going to kill...

THE START of ANOTHER 65 DAY RALLY? Ok. So today looks no different than the start of every other multi-month rally we've had since August. This looks like first trading session in January, first trading session in September, first trading session in December first trading session in February. Hell ...

This is a melt up. Support is building for the bulls. If this holds and no new bad news from Libya, expect some explosive moves upwards.

we are creeping up to my res/sup line on SPX 1328.25...watch out...one way or another.

Today's range estimate is 1313-1329. I think the market is about to drop into the 1260-70 zone but a close on Friday above 1322.25 would negate this conclusion. In any case once this reaction is complete I expect to see new highs for the bull market. That is what I'm basing this on.

Gap up, 10:30am ET new intraday high, so 90% chances today close > open. But still today doesn't feel like a strong uptrend day SO FAR. And how are you getting that "feel" Cobra? I see spx at 1325. It hasn't hit 1328. if it closes here and waits till tomorrow then breaks and closes above,...

SPX has HUGE resistance/support at 1328.25, so if it hits that and bounces down look for a 20 point drop quickly. If it hits that and closes higher, it is going to blow past its high of 1344 up to 1380.

This close is very, very bullish.

Bear flag breakdown. Let's see if OR low could hold. Normally, a pullback would bring us back to the consolidation area last Friday, i.e. below the 2nd green line. from large time frame, it looks like a bull flag., intraday, a small down channel. Normally, the rebound should be 2 legged, so I still...