Cobra's Market View

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This rebound may have legs.

weekly stock picks are here: http://www.cobrasmarketview.com/2014/09 ... ock-picks/

members only update starts here: http://www.cobrasmarketview.com/2014/09 ... ay-update/

Long SPY 198.89 - looking for a bounce. Love how the overnight breakdown failed, so I'm looking for a bit of a rally.

Update:

SPX 15m

INDEX dailies.... RUT <50d testing 200d SMA

SPX 15m.. red line first support... but entering a thin zone, so "could" see a rapid fall..should support fail... mind the lower open gaps..

Update:

mini rebound target. exceeds it then this bull shall have legs.

SPX 15m.. red support holding, minor divg on MacD, mind upper trends for resistance

No position.

My summation signal is down. Approaching oversold.
My composite trend signal is up. Approaching neutral or perhaps even down.

Big week this week with events loaded Wednesday to Thursday.
FOMC, Scottish Independence Vote, Alibaba, OPEX

Once again, the bull appears to be stepping close to a technical precipice.
The pattern since QE got going has been for the bull to always step away from the edge and proceed higher.
QE though looks set to end in a few weeks...

I have an open to sell based on my summation signal but need a rally to sell.
Win rate on these has not been good lately.
I am interested to see what happens with my trend signal this week.

this rebound may have legs.

who writes these things?
in what country?
in the Ukraine
in the countryside? outside paris?
In Iraq?
In Russia?

daytradingES wrote:who writes these things?
in what country?
in the Ukraine
in the countryside? outside paris?
In Iraq?
In Russia?

I would guess France countryside. It is more picturesque.

vol surge, might be a little pullback here then we'll see, probably would be bought.

Mr. BachNut wrote:No position.

My summation signal is down. Approaching oversold.
My composite trend signal is up. Approaching neutral or perhaps even down.

For newbies could you please clarify what is the each signal for? Are they of equal importance?

here's 2nd leg up. watch to see if it can make a new rebound high.

Is the Dow going rogue? Its up, SPX is down, NAZ is down even more.