Cobra's Market View

When VIX is at support trendline the likely direction for XIV is down...sometimes volatility beforehand...sometimes not...

2 bar reversal, the next bar is key, must be green in order to be bull friendly. come on, I want to dump something, will you give me the chance please.

Jupiter wrote:

BullBear52x wrote:Here is the proper rookie way to trade XIV this time. No Projection target but VIXies are not cheap, the pay outs are good.

You are saying first it will rebound to 20.67 before it roll over? Thx.

Neither, I'd like to see a bounce first but if it's not chase under today LOD. any ways wait for next time RSI as I shown on the last chart there to hit >70 is always a safer bet.

too bad. green line below the next support.

well, guess that's it for today. check http://www.cobrasmarketview.com top right side, the trader's calendar for tomorrow's seasonality. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me. If you can, please follow me as well, thanks. https://stockcharts.com/public/1684859/tenpp

Thanks for a great day everyone. See yall tomorrow.

Nrsimha wrote:

TraderGirl wrote:

Nrsimha wrote:Paging TraderGirl:

Any turn dates coming up. I know we recently had a new moon but that did not put a dent into this run-up.

Miyagi: Any new P-bars. Also can u see if there are any (bullish) P-bars on XLE, OIH, etc.? (oil-patch).

18th is a strong turn day +/-....also uempel has a big turn next Tues...Monday closed...

Also, if you could take a peek at the daily chart for F (Ford Motor Co.) -- it looks a bit toppy !!

In a resistance zone...was looking for a market pullback into possibly end of Feb/early March....so on the daily looks like it could end here or pullback and one more attempt for some negative divergences to develop, but hourly looks like a pullback could be coming...

Nrsimha wrote: Miyagi: Any new P-bars. Also can u see if there are any (bullish) P-bars on XLE, OIH, etc.? (oil-patch).

Nothing in that sector. Nothing elsewhere either. Everything is overbought like crazy it seems.

MrMiyagi wrote:

Nrsimha wrote: Miyagi: Any new P-bars. Also can u see if there are any (bullish) P-bars on XLE, OIH, etc.? (oil-patch).

Nothing in that sector. Nothing elsewhere either. Everything is overbought like crazy it seems.

That's all. I'm callin a top on this lipsticked pig.

This kind of price action on XIV a the end of the day usually indicates a gap down next day....

TraderGirl wrote:This kind of price action on XIV a the end of the day usually indicates a gap down next day....

Yes agree and thx for chart btw,........early bird worked again despite of nice up day she is in profit

gap up wrote:That's all. I'm callin a top on this lipsticked pig.

Yeah... I hear you... I don't know what this following chart is saying but I do find it odd;

KeiZai wrote:

TraderGirl wrote:This kind of price action on XIV a the end of the day usually indicates a gap down next day....

Yes agree and thx for chart btw,........early bird worked again despite of nice up day she is in profit

early bird or second mouse? you tell me? have a good one all,

BullBear52x wrote:

KeiZai wrote:

TraderGirl wrote:This kind of price action on XIV a the end of the day usually indicates a gap down next day....

Yes agree and thx for chart btw,........early bird worked again despite of nice up day she is in profit

early bird or second mouse? you tell me? have a good one all,

Jeez they are both dead?

What was the rule; VIX green Market green; next day down?

SPX: welcome to the jumble wave counting

The ratio is good