01/05/2013 Weekend Update

[Cobra]

Institutional accumulation and distribution from stocktiming shows a little divergence, as NYA made a new high but the institutional distribution isn't at new low yet. This is just minor problem for now.

[Cobra]

II and AAII.

[Cobra]

The chart I'd like your attention this week is here: https://stockcharts.com/public/1684859/ ... /271279804

[vikasrao]

Cobra, thoughts on the euro here? It made a new low and then closed green above yesterday's close on higher volume - interpret that as a possible reversal candle?

Thanks! Hope you're enjoying your weekend.

[wayne0708]

The chart I'd like your attention this week is here: https://stockcharts.com/public/1684859/ ... /271279804

After seeing the chart, I immediately voted for you again
Again thanks for your amazing TA skills!

[wayne0708]

The chart I'd like your attention this week is here: https://stockcharts.com/public/1684859/ ... /271279804

Just one comment regarding this chart. this indicator didn't work that well in the past, e.g. between 2003-2007. I did not check other time frames.
Cobra: your thought?

[ClarkW]

Inverse H&S on $BKX weekly? But daily looks a little extended (RSI and MFI)

[Harapa]

If you are interested in Gold as long term (beyond few weeks/months) investment, here is one way to identify buying opportunity in gold.
Per author, a buy signal is possible in next days and weeks
http://advisorperspectives.com/dshort/g ... -Again.php

[Cobra]

The chart I'd like your attention this week is here: https://stockcharts.com/public/1684859/ ... /271279804

Just one comment regarding this chart. this indicator didn't work that well in the past, e.g. between 2003-2007. I did not check other time frames.
Cobra: your thought?

I knew but I think it's more important that it worked recently.

[Cobra]

Cobra, thoughts on the euro here? It made a new low and then closed green above yesterday's close on higher volume - interpret that as a possible reversal candle?

Thanks! Hope you're enjoying your weekend.

Short-term rebound first, then we'll see.

I now have gold, oil, bond and dollar update regularly in my public chart list in the first page, be sure to check them frequently.

[Cobra]

The chart I'd like your attention this week is here: https://stockcharts.com/public/1684859/ ... /271279804

After seeing the chart, I immediately voted for you again
Again thanks for your amazing TA skills!

[Mr. BachNut]

Update on my big picture chart:

The trend is up.
New trend highs (dark green horizontal) have been made.
The lavender ascending wedge has been pierced to the upside. It could be an overthrow before a move down.
It does look like the NYA wants to make a new bull market high (the light green horizontal line), and I think it may do so next week.
We are also close to the upper end of the rising channel. So, positive but the air is getting a bit thin.
As Cobra says, revisit to old highs is important. So, key time.
The Elliott wave barrier to signal new all-time highs (or not) is coming into view and probably heralds some resistance/turbulance.
The dangerous rising red third fan line is not a factor at the moment.

Bottom line for me is that the action is bullish but reward/risk ratios are getting questionable.
I can see rising resistance above and plenty of room below even with the trend staying intact.

[Wallstreetrader]

My view at these moment, with some possibility of an minor correction ahead before making new highs

[nightlyhawk]

This add-on mid-term chart to Cobra's excellent weekend update has some credibility during the past. My trading systems for short-term and mid-term also show at least several days of pull-back starting early next week.

[Cobra]

Summary of the week's stock picks. All had a breakout, no surprise though as market was up huge.
viewtopic.php?f=10&t=779&p=112322#p112322

[Cobra]

Stock picks for the next week: viewtopic.php?f=10&t=787&p=112324#p112324

[BullBear52x]

Fear spike look

[BullBear52x]

many people are looking for the dip of 470, well, what about 333.3?

see the neck line highlighted here.

and this TA 101

[jademann]

Dont know if it is intentional but one two of the charts have indicators which arent named and so dont mean much to me.

edit ok I found this one:
http://stockcharts.com/h-sc/ui?s=$USHL5 ... 2768701632

[ClarkW]

Fear spike look

Thank you Sir! As always, great stuff!