Cobra's Market View

shumushu wrote:breadth are strong, aapl and the nasdaq is not making new highs today. Very strange.

When did you get in on your long cobra? At the morning gap down?

Just to follow signal, nothing special.

Some support here.

EvilTrader wrote:I don´t know, but failing to convincingly take the highs should be bearish.

A strong push up like this would be at least 3 legs, now we're on the 2nd leg.

A little consolidation is welcome here. Rember the market simply won't crash if VIX keeps going high while the market is up.

Well, I'm much reliefed as I partial out at the high. My morning buy stop was filled almost at the highest point of the day far far above my buy stop price, such kind of thing happens rarely but sometimes it does happen!

Told you. Now let's watch yesterday's high, how market tests there.

I'd say this kind of consolidation doesn't look bearish though.

Nothing to say. A boring range day, we need know where the range high is first.
A little bigger picture, well, nothing, still in wedge if you still hope this is a wedge.

Possible 2 bar reversal, careful.

ContangoKid wrote:Cobra - Given your recent comments, have you spent any time looking into the mechanics of your ST Model and identified how it can be improved?

Need time.

A little overnight high resistance here.

Anyone know why CL april contract rose huge while CL March contract doesn't move at all?

cletus wrote:What is going on with the VIX? LOL!!!

Just a common rule: before a real correction, the VIX may one day suddenly collapse (kind like everyone gives up). For now, VIX is simply too high.

Just remember this chart, ES is pretty much above an important support.

Opening, initial support/resistance etc etc.

Gap down but within yesterday's range, so the gap may get filled and most likely a range day. Just a reminder, tomorrow suppose to be bearish as according to Stock Trader's Almanac, day before Presidents Day weekend, SPX down 16 of last 19 and February Expiration Day, Dow down 7 of last 11. Hmm, off...

Volume surge and a bear bar, let's see if any further pullback here. Nowadays simply every bull reversal is one legged V reversal, no 2nd leg to test low, speechless. Cobra, do u have time to say something " I want to know how to trade when you observe 5 mins bar? does it mean when you see 3 b...

OK, I guess that's it for today. The trendline still held at least have to wait until tomorrow to see if it's a real break. Surprisingly today is another range day, the best trade is in the morning and I'm totally out of syn in the afternoon as I was once OR breakout trader so not used to comment al...

Another double top pullback if you understand what I said before. Doesn't matter, normally, we don't need take those trade. The best trade today, I've already said this morning: 30 min OR breakout, that should earn enough for today for a day trader.

Trendline still held...