Cobra's Market View

stlwater wrote:STZ Breakout immanent... me thinks

After a quickie look at the chart I agree.

There is resistance here on FAS....

looking forward to 12 noon signal for better clarity on hourly (sigh)

Where is Harapa?

ISRG, buying the oversold bargain

Risking 2 bucks for 10 bucks

TraderGirl wrote:There is resistance here on FAS....

Same with Citi, USB.
I have no idea which way it will go

Greece's ETF has been coming down the past few days, although bond yields have been improving over there.
If banks also turn here when the 30yr bonds are near support...it could propel a downturn but vice versa.

MrMiyagi wrote:Closer look on SPY, a small downbar popped up (down?).

Thorns into the hide of the bull?

L_T wrote:Where is Harapa?

I was wondering where he went. His blog is gone, too

johnnywa wrote:Mr Miyagi,so which ones are most likely to be hit

My crystal ball only works in "hindsight" mode...

Both sides are well within reach, I didn't think the downbars from yesterday would get first blood but they did with the gap down.

Still negative (using SSO) Pretty good turn also so I remain bearish.

Not saying it can't go higher, but my weekly chart indicated down today into next tues...this pattern is bearish...

ascending broadening wedge...

pullback weak, still bullish biased.

Scratchymoku wrote:

L_T wrote:Where is Harapa?

I was wondering where he went. His blog is gone, too

He left because this forum is full of bickering people on small issues

Well, no one can accuse this board of having a hive mind. I actually like that here, it certainly sparks debate.

5min SSO renko hasn’t turned bear…. yet….

Unique wrote:

Scratchymoku wrote:

L_T wrote:Where is Harapa?

I was wondering where he went. His blog is gone, too

He left because this forum is full of bickering people

I thought Al was kidding around......

Out of Bounds wrote:Well, no one can accuse this board of having a hive mind. I actually like that here, it certainly sparks debate.

Definitely agree. However I liked his contributions too.

TraderGirl wrote:Not saying it can't go higher, but my weekly chart indicated down today into next tues...this pattern is bearish...

Just for you TG, not the most reliable pBar action, nor stocks that I look at all the time. I do check FAS FAZ XLF daily though.

TraderGirl wrote:There is resistance here on FAS....

XLF long term, fwiw.

L_T wrote:

Out of Bounds wrote:Well, no one can accuse this board of having a hive mind. I actually like that here, it certainly sparks debate.

Definitely agree. However I liked his contributions too.

I don't think we know the whole story.