Cobra's Market View

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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.

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.


Gap down within yesterday's range so the gap might be filled.

Global ES indeed is 3 Push Up. The overnight rebound failed to make a new high so the pullback completed the 2nd leg down. Now whether there's a 3rd leg down, we'll have to watch if bears can break the thick blue line below.

Momentum Block
Global Equity Futures: Bullish
Key Currency Pairs: Neutral (2/2 bullish/bearish)
If SP500 futures breakdown next support is ~1479

Cobra wrote: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.

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.


Gap down within yesterday's range so the gap might be filled.

Global ES indeed is 3 Push Up. The overnight rebound failed to make a new high so the pullback completed the 2nd leg down. Now whether there's a 3rd leg down, we'll have to watch if bears can break the thick blue line below.

Very nice demonstration of 3-pushups

members only updates starts here: http://www.cobrasmarketview.com/2013/01 ... ay-update/

please be noticed, I've revised the weekly stock picks last night. A narrow range consolidation is now a must, this can give you a closer stop loss, therefore allowing a better gain lose ratio. Please check the revised picks here: viewtopic.php?f=10&t=808&p=115600#p115600

The QE cabbage diet is killing inner bear.

618 am

ES down 3.50

SPY down .36

Harapa wrote: Momentum Block
Global Equity Futures: Bullish
Key Currency Pairs: Neutral (2/2 bullish/bearish)
If SP500 futures breakdown next support is ~1479

Ha, my breakdown target is 1472 but I'm not in the bearish camp, I'm in the Wait-and-See camp. Is SPX going to break above 1503? - that would be bullish

[save for later….this is really long]

“How Bond Trading On Wall Street Really Works”
It’s an absolute certainty that the author of this article was a derivatives trader on Wall St
(Tyler was? Or is he linking an anonymous author?)
http://www.zerohedge.com/news/2013-01-2 ... ally-works

If u hate zh, you can read the cursory Bloomberg version:
“Ex-Jefferies Trader Litvak Arrested [yesterday] for Securities Fraud”
http://www.bloomberg.com/news/2013-01-2 ... fraud.html

If you get through all that, I encourage you to read the entire text of the lawsuit, linked in both articles.
We so seldom get to “lift the kimono” to peek at the opaque-derivatives market. This is a rare disclosure.

"We Are Doneski Gorgeous!"

AAPL $455 target reached. Now the question remains, will SPXU get 10% or 2% this week

open below neckline, so possible double top and tinted area the text book target.

Cobra wrote:please be noticed, I've revised the weekly stock picks last night. A narrow range consolidation is now a must, this can give you a closer stop loss, therefore allowing a better gain lose ratio. Please check the revised picks here: viewtopic.php?f=10&t=808&p=115600#p115600

I like the new tighter ranges. Note LVS and EMN both report this week (LVS after close tomorrow and EMN Thursday).

AAPL update since target reached

http://www.youtube.com/watch?feature=pl ... 4Y1ip7vmJU#! Mr. Rule on the miners, about 14 minutes in. http://www.youtube.com/watch?v=3R7l7nDuj1o

$TLT still is not out of danger, consolidate above the support is bad for $TLT bulls. need sharp rebound here.
https://stockcharts.com/public/1684859/ ... /132765947;

Cobra wrote:open below neckline, so possible double top and tinted area the text book target.

Approx. where is that target 149.35ish

Counterpoint to the treasury bears, yesterday
“Bull Market in Treasurys Far From Over…”
http://blogs.wsj.com/marketbeat/2013/01 ... economics/

dr659 wrote:

Cobra wrote:open below neckline, so possible double top and tinted area the text book target.

Approx. where is that target 149.35ish

not a valid breakdown yet, but no harm to know the target.

Nice gap up in GDX today, we shall see if she holds.

ClarkW wrote:Nice gap up in GDX today, we shall see if she holds.

i was just going to page you
nice call