Cobra's Market View

Denali92 wrote:Latest comment is here - I cover extensively the MAJOR July opex turns!

http://www.cobrasmarketview.com/2013/07 ... ay-update/

-D

Denali - I don't see your comment in the intraday comments section

The most important chart today - SPX vs NYAD Cumulative. If my charts are correct this is the first time since the March 2009 lows that the SPX has made a new high where Cumulative NYAD did not. The day is not over, however, this is a warning to the bulls to not get too complacent. NYAD Cumulative.P...

Diamond breakdown and retest. Target in the 1590-1600 area.

SPX down 20 pts and TRIN at 0.45 ????? Anyone.....Bueller??

Upward breakout in the VIX coming? Every squeeze of the bollingers has resulted in a strong move up in the VIX ever since the rally started in November.

Here is the long-term chart of the Silver/Gold Ratio (I forgot to include it in my earlier post) This is why I do not believe we are in a period similar to 1995 as some are now considering given the strong uptrend we are in.

Is the Silver/Gold ratio pointing to another deflationary wave? The last time the Silver/Gold ratio broke its upsloping support trend line was in August of 2007. Following that break the SPX rallied to a major top in October. The number of calendar days from that trend line break to the major top wa...

I'd feel better about this breakout if GE could confirm (still 5% below its highs)

Big move coming in Silver? The last time the BBs were this narrow a big move up resulted (note-I use 25ma BBs) The question is which direction will this move be. Screen Shot 2013-03-24 at 1.44.20 PM.png SLV:GLD long term trend line was recently breached to the downside Screen Shot 2013-03-24 at 1.47...

Is another cyclical period of deflation dead ahead? The following chart is a reproduction of a chart developed by Erik Swarts at marketanthology.com If one measures performance of the SPX vs the Silver:Gold ratio since the start of what many refer to as the beginning of the secular bear market in Ma...

Small Diamond Top on 15min SPX??

MrMiyagi wrote:

Kato wrote:TSX down move accelerating
Interesting divergence with SPX

TSX is heavily weighted with commodities, namely gold miners.

Agree - golds getting hit today, but other sectors also selling off

TSX down move accelerating

Interesting divergence with SPX

Potential Double Top Forming on TSX

With yesterday's doji and today's decline, the TSX may be developing a double top. A break of 12605 will be needed to confirm.

SPX divergence with CRB is getting uncomfortably large. While "this time might be different" and the divergence might get even larger (2000) the probabilities are increasing that this bull is close to exhaustion.

My JNK:SPY chart is sending out an early warning for the bulls. Remember the adage..."the stock market is the credit markets stupid little brother"

Friday's SPY gapped filled. Looks like ajvs was on to something calling for an exhaustion gap. Island reversal pattern on daily SPY also forming?

The Citi US Macro index has turned negative for the first time since early September and this has had a correlation with the market in the past. Thanks bullbear12. What this chart makes glaringly obvious is that the stockmarket has ceased to be a discounting mechanism for the economy. Notice how mo...

I like to look at OEX relative to RUT to get a sense of risk on or risk off. Outperformance of large caps vs small caps is a warning sign. Check out the similar pattern today and that of 2007 in the OEX:RUT chart. Interesting. If history repeats the market may be in for some hurt. Screen shot 2012-0...

While everyone has been focusing on the IHS targeting 1403, the market has built a smaller HS targeting 1279 if fulfilled. Hmmmm.