Cobra's Market View

aite me going home. nothing sexy in market

any thoughts on SCSS, to go LONG here with a target $33 ? The price found support here at 28 area which is a prior break out level.

Should we expect more down ?

Another p-bar IWM to 81.70$.

tkvprasad wrote:any thoughts on SCSS, to go LONG here with a target $33 ? The price found support here at 28 area which is a prior break out level.

Should we expect more down ?

First of all, welcome aboard.

Secondly, use "Upload attachment" to post picture.

Thirdly, I think you can bet your luck on SCSS for 2 reasons:

It's the very 1st pullback, so I'd assume it will try to test the previous high sometimes.
Volume surge, so the pullback might need take a breath, so a rebound here could be.

Cobra wrote:

CarlosDK wrote:IF AAPL below 600$ Cobra ,, good short you think ? or You think it goes higher ?

no idea, need wait and see. AAPL daily chart looks ambiguous even bearish biased.

Cobra, it seems AAPL volume has been decreasing in the past three days. Does that imply anything?

Cobra ,, how about AAPL being in a "channel down" pattern where the next bottom in channel down is at 540-550 ? Try make a channel down since top

Ed02 wrote:

Cobra wrote:

CarlosDK wrote:IF AAPL below 600$ Cobra ,, good short you think ? or You think it goes higher ?

no idea, need wait and see. AAPL daily chart looks ambiguous even bearish biased.

Cobra, it seems AAPL volume has been decreasing in the past three days. Does that imply anything?

sometimes it implies the pullback isn't over.

I'm thinking of placing a bet for a gap up Monday by buying some F

CarlosDK wrote:Cobra ,, how about AAPL being in a "channel down" pattern where the next bottom in channel down is at 540-550 ? Try make a channel down since top

no idea. I'm neutral on aapl but the daily chart can certainly be explained as bearish biased. I'll explain why in the weekend report.

Cobra wrote:

CarlosDK wrote:Cobra ,, how about AAPL being in a "channel down" pattern where the next bottom in channel down is at 540-550 ? Try make a channel down since top

no idea. I'm neutral on aapl but the daily chart can certainly be explained as bearish biased. I'll explain why in the weekend report.

at the very least aapl action is different lately than the prior 4 months.

a possible throwaway--since . .er forever or so. . aapl has either come very close to or hit it's 200 ema daily (using stockcharts data) once a year. at this point the 200 is 455. and we are at 602. maybe it's different this time--or maybe it happens dec 31st and doesn't look quite as exciting. if we do get a strong later this year that is a pretty logical target given the past.

good luck all

Might as well do the closing statement now Cobra before we all succumb to comas.

Resistance is futile, follow DOW now SPY.

spx..below trend line now...

failed double bottom, no good, but 6 min to close now.

Cobra wrote:failed double bottom, no good, but 6 min to close now.

Game gets reset over weekends, you know that Cobra-san!

IWM/RUT is so strong today comparing to SPY, may be money started rotating back in small caps (more risk) , which is a good sign to equity markets

well, guess that's it for today. I have no idea about the next Monday, the feeling isn't good though but usually my feeling is wrong, so don't count on it. thank you guys, I'll see you the next Monday.

Ghost-san!! You need to crane kick those bears in the head.

Mr. T wrote:Ghost-san!! You need to crane kick those bears in the head.

Mr T, you have your own "pity-the-fool" ways of demanding submission (or compliance depending on how you swing..)!

MrMiyagi wrote:

Mr. T wrote:Ghost-san!! You need to crane kick those bears in the head.

Mr T, you have your own "pity-the-fool" ways of demanding submission (or compliance depending on how you swing..)!

Yeah, I throw Foo's Hella Far!!!

Those foo's try and steal my gold chains........

Have a nice Weekend man,