Cobra's Market View

Harapa wrote:

L_T wrote:

Harapa wrote:

BullBear52x wrote:one more chart for SPY, swing is sell, intraday is also sell. that's all I got to day, good luck all.

What is your take on IWM?

Uptrend still intact on a daily chart (weeks) time frame. Seasonality also favors holding Smallies here.

Overbought conditions are now burned off as well.

Thanks, but should I ignore VIXies?

Different time frame though right?

Your system seems sensitive to a shorter time frame than I'm looking at here. (I like your system by the way...)

I'm probably stating what everyone else has already noticed but retailers have been beaten up today.

Harapa wrote:

BullBear52x wrote:one more chart for SPY, swing is sell, intraday is also sell. that's all I got to day, good luck all.

What is your take on IWM?

IWM swing = sell, intraday is waiting to go sell see red arrow here. right chart.

L_T wrote: Different time frame though right?
Your system seems sensitive to a shorter time frame than I'm looking at here. (I like your system by the way...)

VIXies are bearish in all time frames, as I posted earlier along with a daily chart.

L_T wrote: Different time frame though right?
Your system seems sensitive to a shorter time frame than I'm looking at here. (I like your system by the way...)

VIXies are bearish in all time frames, as I posted earlier along with a daily chart.
Now I am looking for a scalping opportunity

MrMiyagi wrote:

BullBear52x wrote:Intraday, sell GLD, was waiting for the rip sell spot, but I guess chasing is inviting....nah...wait.

Gold and silver are pathetically weak, they are behaving like the sickly kid in grade-school that always had the flu, got better, got leukemia, got better, got attacked by a dog, got better, got shot, got bett... you get the idea.

"They're trying to steal my gold chains!!!!"

LOL

Those will comeback with a vengeance either soon, or after a washout.
They're not getting my gold that easy...... but it would be nice if metals would put in an obvious floor.

the consolidation favors bulls, so guess more rebound.

possible targets.

Is anyone else still full from last night's dinner?
I can't even think of eating.

Now for intraday, SPY and DIA suggest buy the next dip. today is a little messy. well.....it is what it is eh?

MrMiyagi wrote:Is anyone else still full from last night's dinner?
I can't even think of eating.

Rookie.

StudentBill wrote:

MrMiyagi wrote:Is anyone else still full from last night's dinner?
I can't even think of eating.

Rookie.

He doesn't have the gut that you have.

now I have to pull out Fib buy zone for SPY

Petsamo wrote:

StudentBill wrote:

MrMiyagi wrote:Is anyone else still full from last night's dinner?
I can't even think of eating.

Rookie.

He doesn't have the gut that you have.

That is most likely true.

as much as I am talking daytrade intraday here, but the bigger swing is clear, bears are in control. last chart got to go.

possible 3 push up, wait, need see more pullback to confirm.

MrMiyagi wrote:Is anyone else still full from last night's dinner?
I can't even think of eating.

No way I had leftovers for lunch!!! Spiral ham is delicious!

The case for a gap up tomorrow is my spreadsheet.
The case for a gap down is overseas markets will duplicate our red candlestick.

Yea, I said Monday we'll gap down today. But I keep saying if my spreadsheet predicts a gap down, and we gap up, there's still a chance we go red, as if we gapped down. Today is a great example.

If the gap up prediction changes, I'll let ya'll know.