Back to www.cobrasmarketview.com

04/12/2012 Live Update

Post Reply
User avatar
xfradnex
Posts: 632
Joined: Fri Sep 09, 2011 12:14 pm

04/12/2012 Live Update

Post by xfradnex »

Cobra,
Sorry, I did not want to steal your thunder by making a first post, but I was looking at your long term TSX S&P chart last night, and I thought I would do a different comparison. As you generally note, Toronto usually leads S&P and from what I can see throughout many years, S&P and TSX follow each other closely. Looking at the chart below, I see a Big Fn 20% Bubble Now :shock: . TSX is on it's way down already. Should we look at going short S&P and long TSX equally or something else, old wise one?
Attachments
Untitled.png
Flip that coin.

Legal note:Don't believe anything I say above. You may lose yourA$$..
My chart has Daily Elders (Close, High, and Low), MA-2, CCI, and ATR for each stock; all color coded.
User avatar
Cobra
Site Admin
Posts: 58337
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/12/2012 Live Update

Post by Cobra »

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list here: http://stockcharts.com/public/1684859/tenpp. You need "follow" only once but vote can be done every 24 hours, 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: http://stockcharts.com/public/1684859/tenpp, thanks!



Flat open, so any gap will be filled.

The Global ES doesn't look good, the overnight attempt on the upside failed. You Earth people may or may not try one more time unless this try makes a huge huge up otherwise, this is pretty much just a rebound, the overall direction is down.
Attachments
1.png

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.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 04/12/2012 Live Update

Post by Al_Dente »

Good morning
“Investors retreat from stock mutual funds in March”
“Bond mutual funds continued to attract cash last month”
:o :o :o
http://news.ino.com/headlines/?newsid=68985285658404
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
stucap
Posts: 994
Joined: Thu Jul 14, 2011 12:25 pm

Re: 04/12/2012 Live Update

Post by stucap »

Doesn't seem to want to roll over, yet. Lots of buying pressure into the bell.
User avatar
Cobra
Site Admin
Posts: 58337
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/12/2012 Live Update

Post by Cobra »

xfradnex wrote:Cobra,
Sorry, I did not want to steal your thunder by making a first post, but I was looking at your long term TSX S&P chart last night, and I thought I would do a different comparison. As you generally note, Toronto usually leads S&P and from what I can see throughout many years, S&P and TSX follow each other closely. Looking at the chart below, I see a Big Fn 20% Bubble Now :shock: . TSX is on it's way down already. Should we look at going short S&P and long TSX equally or something else, old wise one?
TSX represents commodity market, so TSX lags means the commodity market isn't doing good. The question is can the stock market rises alone without commodity market? Can gasoline price keep falling while stock market keep rising? Maybe Fed need new QE rule. I can give you free money but you must by stocks and sell oil. :mrgreen:

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.
User avatar
Cobra
Site Admin
Posts: 58337
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/12/2012 Live Update

Post by Cobra »

the open.
Attachments
1.png

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.
User avatar
pidge66
Posts: 166
Joined: Mon Jun 06, 2011 1:05 pm

Re: 04/12/2012 Live Update

Post by pidge66 »

stucap wrote:Doesn't seem to want to roll over, yet. Lots of buying pressure into the bell.
Any Chinese gamers? PWRD cup and handle... http://goo.gl/g2lqY
stucap
Posts: 994
Joined: Thu Jul 14, 2011 12:25 pm

Re: 04/12/2012 Live Update

Post by stucap »

Cobra wrote:the open.
Looks like earthlings don't control the market today, yet.
davegordon14
Posts: 9
Joined: Fri Mar 16, 2012 12:56 pm

Re: 04/12/2012 Live Update

Post by davegordon14 »

Any thoughts on the bullish falling wedge on AAPL right now? Looks like it hit the bottom trend line at $621.50, bounced off and touched the top of the wedge at $627 (and bounced off again). Any thoughts on this pattern from those with more experience in TA (I'm still pretty new to this)?
SB73
Posts: 1265
Joined: Wed Sep 14, 2011 12:20 pm

Re: 04/12/2012 Live Update

Post by SB73 »

squeeze on GDX...
stucap
Posts: 994
Joined: Thu Jul 14, 2011 12:25 pm

Re: 04/12/2012 Live Update

Post by stucap »

SB73 wrote:squeeze on GDX...
squeeze in everything? WTF?
User avatar
KENA
Posts: 2996
Joined: Tue Feb 15, 2011 1:54 pm

Re: 04/12/2012 Live Update

Post by KENA »

Liquidity had a slight up tick yesterday..The DW NYSEBP and others all were in the red yesterday while the mkt was up.this does not speek well of the mkt.Vix is at 19.17,the closer we get to 20 the better for the bears.Now lets see how things go.
User avatar
Harapa
Posts: 1236
Joined: Mon Oct 24, 2011 1:33 pm

Re: 04/12/2012 Live Update

Post by Harapa »

Per Tom DeMark for today short at H2 or L1.
Attachments
Today's PR.png
Above is provided for informational purposes only and shouldn't be considered an investment advice or recommendation to buy or sell anything.
User avatar
Cobra
Site Admin
Posts: 58337
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/12/2012 Live Update

Post by Cobra »

volume surge, biggest bar, so might be a pullback here, then we'll see, should be more up.
Attachments
1.png

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.
User avatar
KENA
Posts: 2996
Joined: Tue Feb 15, 2011 1:54 pm

Re: 04/12/2012 Live Update

Post by KENA »

This is what the VIX is doing.
vix.png
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 04/12/2012 Live Update

Post by Al_Dente »

stucap wrote:
SB73 wrote:squeeze on GDX...
squeeze in everything? WTF?
yup
even little MOO
:o :o
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Mr. BachNut
Posts: 2688
Joined: Thu Feb 24, 2011 2:28 pm

Re: 04/12/2012 Live Update

Post by Mr. BachNut »

Have initiated a long position.
Setup is driven by McClellan Oscillator rebounding from over-extension on the downside.
Tuesday's low should hold. Will add on a pull back or test of yesterday's low.
Gulp.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 04/12/2012 Live Update

Post by Al_Dente »

(narrow board view)

Looks like materials lead
$DJUSBM is +2%
China $HXC up 1.7%
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
soku
Posts: 1893
Joined: Fri Mar 25, 2011 10:02 am

Re: 04/12/2012 Live Update

Post by soku »

rumor says some hf is covering shorts. the 10 point rally is tricky. be cautious people.
The goal is not uniformity. It is understanding and idea exchange.
User avatar
Cobra
Site Admin
Posts: 58337
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/12/2012 Live Update

Post by Cobra »

some resistances here.
Attachments
1.png

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.
Post Reply