If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.
Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.
Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.
Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.
I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.
3 push up, probably another push up then pullback?
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Interesting that that the McCllellan Osc. for the NYA poped above 0 Tues and up to 80 on Wed. while the Mcl Osc. on the SPX, INDU and XLF are are all still below 0 despite the recent rally...are the Generals getting tired (GE and GS)...fyi IWM NDX and the Comp McC Osc. did pop above 0 on Tues and still remain there. IYT poped above 0 on Tuesday but dipped below again Wed.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Small cap futures bumping their head at a level last seen on Tuesday the 21st. Stopped the Asian session last night so if this fails I am not sure if it counts as a double top due to the very low overnight volume.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
The “Big W”
IWM is riding the higher lows up the food chain
Even junk HYG (top panel) is “risk on,” but it must hold above
AD (not seen here) is flat 1-to-1 at the moment, chop, not helpful for the bulls…
15 min
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
To me the small caps are like a Parson Russell Terrier always rushing around so 30 minutes stuck in a consolidation at the high for over a week looks like a problem. Maybe if the ES can move through it's resistance, wait and see.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Longer view, 60min
If IWM is going to fail, it can do so right near here, at the top of the red channel
Else bull
Longer STO momentum isn’t even overbought yet
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.