Cobra's Market View

Al_Dente wrote:SMALL
Near enough to a multiple bottom to call it such
Instead of long for a bounce, I’m waiting, and looking for a good spot to short (near here), until more proof develops that bulls can hold water….
1min

The attachment 13one.png.png is no longer available

IWM is weighted about 18% small financials (eg: PSCF) and about 18% small tech (eg: PSCT)
So I’m thinking it’s not the end of the world until these two give up (PSCF is still barely in long territory),
or until IWM breaks that bottom line decisively
60min

The attachment 13sixty.png.png is no longer available

old timer.

BullBear52x wrote:

Al_Dente wrote:SMALL...

13sixty.png.png

old timer.

Thanks boss
Whipsaw
I want a trend boss, not whipsaw, I want a trend already
Smalls need a break downward, else it’s a declining triangle, and up-ish…

bigger triangle, no clear direction.

Happy hour?

HAPPY HOUR

New Fed Policy tool.

Build that wall and “Make America White Again”
LEAKED TO REUTERS:
NOTE: not just mexico, but “along the U.S.-Canada border, where new fencing could be erected…”
http://www.reuters.com/article/us-usa-b ... SKBN14N0TY

last sell failed, chase up.

VWAP is within easy reach with an hour to go ES VWAP I have at 47.75 and for the TF 64.1 and of course both are slowly falling.

Chart for the road: Daily first dip buying is legit. now we need to see HH from here. while the mid term setup sell hasn't give up, but wind is now on bulls back. Peace!

Oil narrative going negative right on schedule. Oilprice. com has a pretty chart up claiming shale producers are cash flow neutral for the first time in several years so expect big production increases. ( chart doesn't show debt or equity dilution used to cover all those negative quarters) . And now Zerohedge is repeating that Iraq is accusing the Kurds of cheating on their quotas. Plus we had Bloomberg earlier on Libyan production as well as headlines about higher dollar crushing oil.

SPX 20d 2252.39 trying to test it. .bulls want a close above.

TLT nHOD, higher high than last week… bonds bouncy bounce.

Lots of good technical reasons for the 3:30 ramp today if they expect to set the table for turn around Tuesday.

Today another new high on junk HYG
Suggests “risk on”

[quote="Al_Dente"]SMALL
Near enough to a multiple bottom to call it such
Instead of long for a bounce, I’m waiting, and looking for a good spot to short (near here), until more proof develops that bulls can hold water….
1min

Watching too! Thanks Boss!

te_fern wrote:Watching too! Thanks Boss!

well, once again, it proves nowadays triangle is reversal pattern. from now on, I'll treat triangle as reversal pattern. low might be for today.

My VWAP is not dead on but ES is there on my chart (47.50). Funny how that seems to work out into the close, or at least I remember when it happens. Santa left me Michael Lewis new book "The Undoing Project" about the Israeli psychologists who proved people can't trust their own minds to make decisions. Makes you think hard about little predictions like reaching VWAP before the close on a downish day.