01/13/2016 Live Update

[Unique]

ES: Bears must break the channel support here or else the countertrend bulls will be looking for a BTFD trade here

[Unique]

FWIW, I set shorts to BE stop of 1926.75. Good luck

Breakeven? not sure what you mean by your action.

Set breakeven stop for 1910 target....we're at a delicate channel support here so don't want the BTFD crowd to ruin trade and protecting capital

[Tutti]

Tutti, I'm using the standard settings. Monthly Coppock has only given two bearish and two bullish signals these last 20 years. All four of them were very rewarding.

I know, there are other ways to apply the indicator. I considered myself very smart and developed an own monthly model. After a few very good signals it gave a sell signal in January 2014 So I'm back to basics

Tutti, I've played around with Coppock in weekly and even daily charts showing US and European indices - and in my view it's useless. As the original designers correctly found out: the only time frame which seems to show a flawless performance is the monthly chart.

It's hard to argue with you on this. In fact I agree.

I keep it in a file of charts for longer term looks - if you notice its on a monthly. Even then it's far from flawless. in the few signals it has produced (using my setting for it) there have been 2 false ones. The latest triggering just a bit ago. It's the reason I paired it with a weekly cross to see if there was something else I could take from it. There are too few actual signals to confidently state that it provides any type of statistical edge.

I wont trade to it, but mentioned it only because the forum was chatting about it.

-Tutti

Take a look at the setting I've used (14:11:10). I believe they are out of the stock charts series on how to use Coppock (I could also have been playing around, I don't recall). You can see we just had a poor signal (meaning the index failed to decline >=10%). Additionally in all of these years such a small quantity of signals, by my count 5, makes it very hard (for me) to say that there is an absolute edge. I guess it's more about how you trade it in terms of time and what one wants take out of the trade.

Just my opinion...

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[Cobra]

members only update at 12:18 pm
http://www.cobrasmarketview.com/2016/01 ... ay-update/

[Unique]

Weekly options portfolio:

The next week's IWM 115 calls got stopped out @ 0.55 from yesterday's 0.93 entry.

Looks like I got too greedy for the gap up today.

Unique2X

[Darkmatter]

It's not a Ponzi scheme, it's a buy the dip scheme.

https://youtu.be/0akBdQa55b4

Somehow this vid seems different than it did 2 years ago.

[Unique]

Reduced ES shorts to half at 1921. Not liking this sticksave potential

[MrMiyagi]

spx

[josephli]

2190.png

Depends on how you draw your line, i got spx 1900-ish.

[MrMiyagi]

Reduced ES shorts to half at 1921. Not liking this sticksave potential

NYDEC keeps chugging up, day high 2142 now.

I don't think a save of any sort is in the works here, mentally though we've been brainwashed into thinking "HERE COMES FED!!".

[MrMiyagi]

Depends on how you draw your line, i got spx 1900-ish.

Drew the line at the low tide marks.

[josephli]

2190.png

looks like p-bar 192.09 is tagged.

[fehro]

SPX looks weak.. not sure she'll hold..

[Unique]

ES: Out all shorts @ 1913.75

If Below 1910 target...then yesterday's sticksave low = 1905.75 as support then 1900-1899. Be back later. Good luck.

[MrMiyagi]

looks like p-bar 192.09 is tagged.

Also tagged $194.41 on the upside this morning.

[josephli]

looks like p-bar 192.09 is tagged.

Also tagged $194.41 on the upside this morning.

any new p-bar today, MR.M?

[MrMiyagi]

any new p-bar today, MR.M?

spy

[Cobra]

exceeds 100% mm, so this bear may still have legs.

[Al_Dente]

PAGING UEMPEL
Thanks for your comments last night
My stats show that the U.S. is still a 77% consumption/consumer society
But yes, we do consume goods AND SERVICES
Please tell me what ticker symbol you would use to measure the SERVICES part of it

[Wallstreetrader]

time to reverse shorts