Cobra's Market View

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Maybe it's 3 Push Down (Falling Wedge), so a 2 legged rebound is due which NORMALLY should fail eventually.

Weekly stock picks are here: viewtopic.php?f=10&t=1031&p=139372#p139372

members only update starts here: http://www.cobrasmarketview.com/2013/08 ... ay-update/

good morning, tough to look at being long with the Bond Vigilanti crowd hitting bids, BUT, divergence and Macd cross, here is 4 hour bar emini and Midcap (sorry smallcap minis do not trade) 4 hour bar sees divergence and cross too Gl Boardies!

Afternoon from ME

SPY 50DMA (simple) is 165.82. We just crossed back above.

Richarab wrote:Afternoon from ME

Como estas, RA. Back atcha. http://www.youtube.com/watch?v=H2xXFr0hHwA

mini target reached. this rebound shall have legs.

pBAR reading:
memberlist.php?mode=viewprofile&u=1936
Of the 4 indices QQQ to fill the gap first. Also, one of indices (possibly DOW or IWM) won't.

2nd leg up. I don't believe the target though.

gappy wrote:

Richarab wrote:Afternoon from ME

Como estas, RA. Back atcha. http://www.youtube.com/watch?v=H2xXFr0hHwA

Love this video! Really brings me back.. Reminds me of my mother.. And how she use to dance with me..as a youngster.. In the desert campsite...her and I...Just before bed

Edit, chart was not refreshed, up:dwn volume moderately bearish this morning

No new pBars to report, all still open from last week. AAPL has small down pBar to 508.77$ from 10:45am.
Play safe!

pullback too sharp, beware of making double top, wait.

SPY... Possible count...my intraday charts say sell the rally...tomorrow is a turn day...as well as Wednesday...so very choppy this week...

Partial short. No change.
Tightening stop given oversold NYMO.

My summation index signal is down.
My composite trend indicator signal is down.

Weak expirations often follow through into the following Monday.
There are some oversold conditions now.
So, a squeeze bounce to stress the bears or even a turn are possibilities this week.
If an oversold bounce in a downtrend is what we happen to get, I'll expect it to look like a turn even if it isn't. No easy for bears.
It's always possible that the selloff could intensify, but the VIX seems too low at the moment to give that high odds.

Richarab wrote:

gappy wrote:

Richarab wrote:Afternoon from ME

Como estas, RA. Back atcha. http://www.youtube.com/watch?v=H2xXFr0hHwA

Love this video! Really brings me back.. Reminds me of my mother.. And how she use to dance with me..as a youngster.. In the desert campsite...her and I...Just before bed

double top target. not sure as looks like it's range day.

NYA might give better idea of count....