Cobra's Market View

TraderGirl wrote:Apple closed gap, upper broken trendline is around 494...

TraderGirl,not aware of 14th being a big turndate,but if we turn i would think it would come from negative noise State of the Union address,maybe turn day early???

ClarkW wrote:Heck if I know. Looks like she MIGHT break up soon. BTW, just found this chart and it's labeled "SPY Harapa SPY Setup".

No wonder it looked familiar to me

Harapa wrote:

ClarkW wrote:Heck if I know. Looks like she MIGHT break up soon. BTW, just found this chart and it's labeled "SPY Harapa SPY Setup".

No wonder it looked familiar to me

Ha! Thank you Sir!

ClarkW wrote:

TraderGirl wrote:Apple closed gap, upper broken trendline is around 494...

TG I don't like your H&S target on AAPL...can you lighten that shade? It's scaring me

CLARK
nugt 60m testing ma
gap resist = pink

So is this all about printing 1520 as a medium term top? several have called for this number over the past 2 months.

Al_Dente wrote:CLARK
nugt 60m testing ma
gap resist = pink

212nugt.png

Nice! Might be good entry for DUST

"We're never going down again!!!!"

Goldman Sachs Conference - Tim Cook on right now

http://events.apple.com.edgesuite.net/1 ... index.html

Light Long.

Composite Trend Indicator signal no change...up.

Summation Index signal is down but any edge for trading has been statistically cancelled (i.e. any shorts would have been stopped by now).
The signal may ultimately play out but now provides no edge as to when a turn comes or how much drawdown may be suffered before it comes.

This is getting dull. I think I'll go back to bed. The turn will not come until I am either unavailable or not paying attention...

New hi spy
No new low vix
[reference: $VIX low @ 12.29 on 1/18/13]

ClarkW wrote:TG what's your take on UVXY?

Well, XIV has been trying to break out of this expanding wedge pattern for the last few days...but struggling...

But my weekly chart says we see a small pullback sometime this week Tues afternoon and Weds maybe but Friday looks up...

My weekly chart has not been very accurate so take with a grain of salt...but i do pay attention when it shows some sort of rally...it showed a move up, and pull back on Thurs last week, then another move up on Friday...I believe that is what we got...

Unique wrote:AAPL Review

Lots of meat potential...Must hold 473.

We're here, must hold now.

TraderGirl wrote:

ClarkW wrote:TG what's your take on UVXY?

Well, XIV has been trying to break out of this expanding wedge pattern for the last few days...but struggling...

But my weekly chart says we see a small pullback sometime this week Tues afternoon and Weds maybe but Friday looks up...

My weekly chart has not been very accurate so take with a grain of salt...but i do pay attention when it shows some sort of rally...it showed a move up, and pull back on Thurs last week, then another move up on Friday...I believe that is what we got...

Thanks TG! 4 1/2 ft Vermont Teddy Bear coming your way
Can't stand those commercials, can't believe any woman would actually want one of those!

Mr. BachNut wrote:Light Long.
Composite Trend Indicator signal no change...up.
Summation Index signal is down but any edge for trading has been statistically cancelled (i.e. any shorts would have been stopped by now).
The signal may ultimately play out but now provides no edge as to when a turn comes or how much drawdown may be suffered before it comes.
This is getting dull. I think I'll go back to bed. The turn will not come until I am either unavailable or not paying attention...

thanks mr b
can u elaborate on this """(i.e. any shorts would have been stopped by now)"""

Here is what I see on Daily ES... though I doubt the upper trendline will hold as bulls seem to never run out of steam.

johnnywa wrote:

TraderGirl wrote:Apple closed gap, upper broken trendline is around 494...

TraderGirl,not aware of 14th being a big turndate,but if we turn i would think it would come from negative noise State of the Union address,maybe turn day early???

My weekly chart shows a move up around Friday....it has been hit and miss lately...so I don't take it too seriously...but If it were to be bearish we would see a move down...so I am inclined to think that the market hold up this week...

Looks like if we get a pullback may be tomorrow or Thurs...

ClarkW wrote:

TraderGirl wrote:

ClarkW wrote:TG what's your take on UVXY?

Well, XIV has been trying to break out of this expanding wedge pattern for the last few days...but struggling...

But my weekly chart says we see a small pullback sometime this week Tues afternoon and Weds maybe but Friday looks up...

My weekly chart has not been very accurate so take with a grain of salt...but i do pay attention when it shows some sort of rally...it showed a move up, and pull back on Thurs last week, then another move up on Friday...I believe that is what we got...

Thanks TG! 4 1/2 ft Vermont Teddy Bear coming your way
Can't stand those commercials, can't believe any woman would actually want one of those!

I made fun of those things in front of my mommy's group and there was dead silence....I guess someone probably bot one for their kid.... Maybe the mommies quietly sneak in to cuddle with it...

TraderGirl wrote:

johnnywa wrote:

TraderGirl wrote:Apple closed gap, upper broken trendline is around 494...

TraderGirl,not aware of 14th being a big turndate,but if we turn i would think it would come from negative noise State of the Union address,maybe turn day early???

My weekly chart shows a move up around Friday....it has been hit and miss lately...so I don't take it too seriously...but If it were to be bearish we would see a move down...so I am inclined to think that the market hold up this week...

Looks like if we get a pullback may be tomorrow or Thurs...

Yes,Astros have not been very accurate as of this year yet

Re Sequester

Congress is not in session next week. That leaves 4 congressional days left in Feb (not counting this week) for them to address the sequester.