Cobra's Market View

now maybe too stretched on the upside (no, it's not typo) plus vol surge, so should be a pullback first then we'll see.

Unique wrote:

Unique wrote:

Unique wrote:

Unique wrote:I'm long TSLA+GOOGL shares vs morning low

Done for the day, will keep the TSLA+GOOGL shares for a few days vs today's low. Probably should had bought QQQ instead, oh well.
No need to overthink things

ES 1968 target. 6minutes until hourly close. We closed above 1890 last bar.

We're about to squeeze Leg 2 here...1h 20ema = 1936, and double confirmation bulls at 1943.75

TSLA+GOOGL doing well, might need to take some profits actually at gap fill 230 and 644 respectively. Not sure if I still want to hold a few days...

Took 25% TSLA shares off. Just protecting some gains.

Still holding 100% GOOGL and 75% TSLA

I'm retiring. Peace out. Drinks on me tonight Toronto

Al_Dente wrote:Declining stocks are 27 x advancing stocks (NYDEC/NYADV)
Declining volume is 39 x advancing volume (NYDNV/NYUPV)

Update:
Declining stocks are 10 x advancing stocks
Declining volume is 12 x advancing volume

AAPL recovers
Email from tim cook to jim cramer this morning
http://www.zerohedge.com/news/2015-08-2 ... apl-stock-

Sold another 25% TSLA shares, holding 50% left. Target 1 has been hit so I had to respect my plan.

SOLD 50% GOOGL, reached gap fill target 644. Holding 50% left.
Who was I kidding for saying I may hold a few days? Can't sit tight on hands.

Unique wrote:GOOGL target is obvious, gap fill = 644, then 658 if I get some luck

TSLA target = 230 gap fill, target 2 = 237

SPY target = 197.63 gap fill

GOOGL target 1 reached

TSLA target 1 reached

SPY not reached yet

If last week was easiest money setup week of the year, today is potentially easiest money day of the year???

BananaStand wrote:Cletus, and I've been wondering where Racer has been. He hasn't posted in forever. Some of his stuff was out there, but a lot of his insights and postings were thought provoking

Didn't Racer mention he hurt his back? Not sure, have to check tonight

NYMO hit -102 earlier, this is either the opportunity of the year to go long, or the biggest bear trap of the century.

Al_Dente wrote:

Al_Dente wrote:Declining stocks are 27 x advancing stocks (NYDEC/NYADV)
Declining volume is 39 x advancing volume (NYDNV/NYUPV)

Update:
Declining stocks are 10 x advancing stocks
Declining volume is 12 x advancing volume

Update:
Declining stocks are 5.4 x advancing stocks
Declining volume is 5.6 x advancing volume

Do we go down here?

Do we form a double bottom?

Did the P-Bar from Feb get tagged today?

TSLA sold 50%, none left

GOOGL sold 50%, none left.

Going to fix my jet lag, good luck everyone

P.S, Be interesting if ES can close above 1968 daily today though.

ALdaytrade wrote:Do we go down here?

Do we form a double bottom?

Short term per play book ES should go to ~ 1965 which would be the Inv H/S target which also coincides with the MP theory.
I cannot trade this idea however because I am not in a position to trade without stops resp very large stops.

A second idea ES forms new value at ~ 1936 indicating a green end of day.

Also possible, the market wants to suck in as many "cannot miss this V bounce" as possible before we really go down

-

Greetings everybody. Remember me? Your old friend Mr. B

Just thought I would check in on this auspicious day.
Life has had me distracted this summer, and I am kind of in my own world trading lately so not really posting or anything.

Anyhow, I used to post this NYMO study a lot here back when.
Today is a good candidate for a cycle low in NYMO.
We'll see where it closes but for awhile this morning it was below the thick green oversold line.
Historically, that has meant a low either that day or a few days later with a positive NYMO divergence.

I would like to think the low is in, but I still have one unclosed gap at SPX 1862.76 from last October.
It would tidy things up to get that closed, but it may also just serve as bait...

Today, I day traded long SPY from the open until lunch. Flat now. (probably left money on the table again...)
I am looking for some kind of push to test this mornings low (can be higher or lower) before the end of this week with a positive NYMO divergence to stalk a long worth holding.
I may not get it if some central banker opens their mouth, but that is the technical setup I would like to trade.
Once NYMO returns to the zero line, we'll just have to see about what comes next.
There is a lot of former support that is now resistance above now.

Hope you all (eumpel, Al Dente, Fehro, Miyagi, Cobra of course and everyone else) are doing great!

Good to see you Mr Bachnut!

Mr. BachNut wrote:Greetings everybody. Remember me? Your old friend Mr. B ...................
Hope you all (eumpel, Al Dente, Fehro, Miyagi, Cobra of course and everyone else) are doing great!

welcome back boss i missed you

heavy volume across the board.. Dailies