Cobra's Market View

2nd pivoting time of the day for /TF. Out of longs for intraday trade for now and watch if a correction materialize at this point.

ChiOsc still high, volume keep decreasing, way too stretched above EMA, hardly believe all those don't matter and we're back to those QE days.

Hi, Cobra, I am a new bee here, and first post in the board. Wanted to thank you for this excellent board.

Currently out of long position this morning, and got a little bit short here as my goal was reached and didn't see the stock moving for a while. Watch closely.

uempel wrote:Went short now (don't copy, this is high risk!)

SPX7.png

good call!!!!
Thx for sharing

Cobra wrote:ChiOsc still high, volume keep decreasing, way too stretched above EMA, hardly believe all those don't matter and we're back to those QE days.

Great, got the message... Thanks.

little piggy wrote:

Cobra wrote:ChiOsc still high, volume keep decreasing, way too stretched above EMA, hardly believe all those don't matter and we're back to those QE days.

Great, got the message... Thanks.

Thanks and welcome aboard.

It's been 2 years when in most times nothing matters, the market simply up and up and up, so I just said normally, should be a pause around here but no guarantee and that's why I never front run the market.

S&P 500 trying to get over 1,204 resistance level. If it does the move should be taken with a grain of salt because volume is very thin. rocstocktrader.webs.com

KENA wrote:

KENA wrote:IMHO..I don't see the mkt going up much from here..Some of the leaders have topped out and are having Lots of Res. on the dn trend line.None have broken it yet.These are..VMW,LULU,CMG,BIDU,NFLX..N ow we wait and see.

PS..Forgot GMCR also.

Talking of stocks: how about LGND, PPO & AGN?

Unless we start seeing some downticks (NYSE TICK), or some selling volume, have to go with a pullback in a Bull Trend Day, until a reversal is confirmed.

http://stockcharts.com/h-sc/ui?s=SPY&p= ... =242657854

Yes those are good also.I just don't have them on my radar. I used to watch LGND but not PPO&AGN.

When it pulls back?
SPX big divergence

KENA: They are less obvious and therfore less manipulated and crowded...

ddd wrote:2nd pivoting time of the day for /TF. Out of longs for intraday trade for now and watch if a correction materialize at this point.

Good job, "ddd"!

Cobra - any indicators suggesting short covering?

light volume today.

Mongoose wrote:Cobra - any indicators suggesting short covering?

up huge on tiny volume, most likely it's short covering. other than that I don't know.

Gold down stock up, deflation or inflation?

ddd,

just curious. which indicator on your price chart is generating those red and green arrows? Also what is that wide dots? Is that a moving average?

Thanks

ddd wrote:2nd pivoting time of the day for /TF. Out of longs for intraday trade for now and watch if a correction materialize at this point.

Having a MAD again...

I'll consider the target has been reached.