Cobra's Market View

Yesterday's low goes......

Al_Dente wrote:

te_fern wrote:As AD said, its moving down. Also, just broke BB52's MA line.....

hi fern
yup, i use a lot of bb52x stuff without crediting him, my bad

Between you and him, its about everything I follow now!! Getting me to follow what's important!! Thx!!

Started down on March 2 using Al_Ds moving average lines.... This is Bearish RUT....

Just broke a double bottom. MA lines are negative too. Stay patient.....

As AD said, its moving down. Also, just broke BB52's MA line.....

Will it fill the gap??

Watching the moving averages, down for now!

Al_Dente wrote:

te_fern wrote:Got stopped out this morning, still not moving much considering the rally in the S&P.....

boss there's not much volume for trading that one
SMH is not as sexy but all the volume is there

Yes, you're right, I'll have to watch that going forward..... Thx Boss!

Should have played the biotechs, would have had nice move today with a nice setup around 12:30 to 1:00.....

Got stopped out this morning, still not moving much considering the rally in the S&P.....

Still holding, but SOXL has been going sideways this afternoon! May need to move my stop up to the low of today from the low of yesterday.....

Bought the Semi's today on the pull-back. Don't seem to be moving as much as they usually do. We will see!

Stopped out..

Playing from the long side for a quick trip....tight stop....

To avoid any bias that may be present in my last post, just note that we are painting an inside day so far today. Mr. Market may just as easily decide to break that up rather than down tomorrow. My setup has little predictive value. Thanks Boss, appreciate your posts. Have fun down here in Florida ...

Looking for a pullback to fill the gap and push down to around 100.....

Looks like traders took the day off after the super bowl.....

Conclusion [grain of salt]: Google Trends tell us that there isn’t enough attention focused on the US stock market to be worried that we are in a “Bubble”.[/quote]

Interesting.....thanks!!

Tick is starting to move higher off the MA. This is a 1 minute chart. BB52, do you use a 233 MA on your tick chart? I think I got this from you! LOL!

Two days of rolling down with the 5 day MA.....