Cobra's Market View

Small Caps Surge To Record Highs As Spec Positioning Hits Record Short
http://www.zerohedge.com/news/2017-04-2 ... cord-short

Intraday Clockworks, need to see new LOD from here or bears are not all that sexy.

BullBear52x wrote:First short term counter trend sell. come2papa setup.

Boss can u comment on your radical bolinger band.
How do u use it here?
I’ve been eyeballing it and I find that when price overshoots the upper band, it seems to “predict” a little (temporary) sideways or down move.
Thanks in advance

Al_Dente wrote:

BullBear52x wrote:First short term counter trend sell. come2papa setup.

Boss can u comment on your radical bolinger band.
How do u use it here?
I’ve been eyeballing it and I find that when price overshoots the upper band, it seems to “predict” a little (temporary) sideways or down move.
Thanks in advance

just like any overlays or indicators I use them in conjunction with chart pattern. overshoot above BB or %B >1, I see them as overbought and very bullish, depends on the consolidation phase to follow (relief rally pull back) will determine the breakout, The move up (continuation) or Down (reversal) in trend.

Thanks boss, u ‘da man

Al_Dente wrote:Thanks boss, u ‘da man

short term trend following, last buy failed bears sense the weakness, in any case bulls are still in control unless they lose a support level of 2386.5 again then bears will be in charge to challenge support of 5 DMA last stand for da bull on short term time frame. this week should find out before weekend I hope.

BofA: "small caps now trade at Tech Bubble-like valuations"
BofA: "small caps and mid-caps currently trade at the 98th percentile of their historical valuation range"
I’m getting sick and tired of BofA's “analysis,” especially when they use their own trillions of dollars under management as a gauge.
For those following at home, they are too often wrong
If you cry wolf every day..... one of these days you’ll be right

btw: HAPPY HOUR

Several indicators on SPX daily log show the importance of this week's action. Difficult to assess what's going to happen, but most likely the rally is going to continue. Why? Looks like resistance is broken (2369 - not yet sure about resistance 2385) and Bullish Percentages are positive too. Unless CIC sends out some dumb tweets this week the move up might continue.

http://stockcharts.com/freecharts/candl ... ,$BPENER|B|

Umpel- Threats or boosters to your price point.:
Tomorrow GDP you know it will stink based on Atlanta Fed and JPM. Real question is will it be viewed as a one time'weather' related or harbinger of recession
Tuesday Apple earnings
FOMC Wednesday, no presser. But end of the week half the Fed will be speaking at the Hoover Institute at Stanford on monetary policy with Q & A.

Lots of stuff in there to move markets for sure.

uempel wrote:Several indicators on SPX daily log show the importance of this week's action. Difficult to assess what's going to happen, but most likely the rally is going to continue. Why? Looks like resistance is broken (2369 - not yet sure about resistance 2385) and Bullish Percentages are positive too. Unless CIC sends out some dumb tweets this week the move up might continue.

http://stockcharts.com/freecharts/candl ... ,$BPENER|B|

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maybe like this, R2 possible next week...after that, who knows, the world is heatin up...

Chart for the road: Show me the money. ooooh they did. Peace!

well, guess that's it for today. Friday tomorrow has been bull friendly but mixed recently. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

SPY fourth consecutive close at or above its upper (std) bollyband.

And a NR7 (narrowest-range day of the past 7 sessions)

What might this portend?

ho mama: check your after-hours screen

AMZN EPS $1.48, Exp. $1.13 Revenue $35.7BN, Exp. $35.3BN
INTC EPS $0.66, Exp. $0.65 Revenue $14.8BN, Exp. $14.81BN …INTEL BOOSTS BUYBACK PROGRAM BY $10 BLN
ALPHABET EPS $7.73, GAAP EST. $7.42
MSFT EPS $0.73, Exp. $0.70 Revenue $23.56BN, Exp. $23.62BN