Cobra's Market View

MrMiyagi wrote:NYDEC and NYAD saying a bounce tomorrow is likely. NYMO should concur at the end of the day.
PRESENT LEVELS OR CLOSE TO.

chart?

Past couple days, bullish 20day SMA crosses over the 50 SMA in several key indexes, such as SOX, XBD, Tran, MID; a few others are close to it.

MrMiyagi wrote:NYAD saying that at present levels NYMO should be below the BBand at EOD which would set up a bounce.

Present levels or slightly higher.

Indeed. Good point.
Looks like NYMO could be back to just about the zero line already. Hmmm....

TWT wrote:SPX: Watching the lower trend line of the channel

You do mean 1405 correct? there's a turn date for DEC.14 up or down?
Looks like it found support but...needs to turn now

TG, Just a follow up on your ERY. See what happen last time SLO Stoch (144,1)moved above 20 (green circle) small intraday break of couple hours before heading higher. Will monitor. Holding onto ERY for now.
As always not trading advice

Mr. BachNut wrote:

MrMiyagi wrote:NYAD saying that at present levels NYMO should be below the BBand at EOD which would set up a bounce.

Present levels or slightly higher.

Indeed. Good point.
Looks like NYMO could be back to just about the zero line already. Hmmm....

not convincing, but hourly is over sold now. so...Hmmmmm or waiting.....

toddymc wrote:

TWT wrote:SPX: Watching the lower trend line of the channel

You do mean 1405 correct? there's a turn date for DEC.14 up or down?
Looks like it found support but...needs to turn now

ES FIBs.jpg

the lower trend line is at 1415

20 d ma = 1404.45

ClarkW wrote:TG, Just a follow up on your ERY. See what happen last time SLO Stoch (144,1)moved above 20 (green circle) small intraday break of couple hours before heading higher. Will monitor. Holding onto ERY for now.
As always not trading advice

Clark...I chose ERY because Energy has been underperforming, so it seemed low risk to go short....but looking at SCO...I am feeling that on the next rally energy or oil may have some nice performance...your thoughts? Your charts are more fancy shmancy than mine....
Edit: SCO is looking negative...btw..

TraderGirl wrote:

MrMiyagi wrote:NYDEC and NYAD saying a bounce tomorrow is likely. NYMO should concur at the end of the day.
PRESENT LEVELS OR CLOSE TO.

chart?

NYDEC link
NYAD link with MACD line in chart showing where NYMO would end today. If you check out the NYMO chart, you can figure out that it should end below the BBand at this level. NYMO has bounced off BBands up to now every time.

I have to go but here is one more chart;

tomorrow bounce supported by apple?

Apple cleared of infringement in Alcatel Lucent case.

TraderLady and Miyagi, I've got a signal for the opening tomorrow...

KeiZai wrote:tomorrow bounce supported by apple?

aapl.png

KeiZai,
Do you think that sometime soon (the next couple of months) Apple will close the gap on the daily around $425?

Cobra we are AT target of blue retracment , ready for Bounce off ?

BullBear52x wrote:

Mr. BachNut wrote:

MrMiyagi wrote:NYAD saying that at present levels NYMO should be below the BBand at EOD which would set up a bounce.

Present levels or slightly higher.

Indeed. Good point.
Looks like NYMO could be back to just about the zero line already. Hmmm....

not convincing, but hourly is over sold now. so...Hmmmmm or waiting.....

Harvested some shorts for profit.
Holding runners.
Guessing there is a slug of stops below today's low.
So, gonna take a crack at 'em but I don't think it happens today.

i see small ascending triangle so the bias is up.

This is what my chart looks like in terms of the pullback...just don't know what leg we are on...a considerable bounce tomorrow will let us know that the end of the pullback may not be far from here....

Intraday gap down!

Decided to sell DUST for 7.25% from late yesterday. Just too good not to lock in. I was due that one
Might look at buying back tomorrow or next week