Cobra's Market View

Despite the market up a lot, the strong growth stocks which is the base of our weekly stock picks are less than half of the past, so it becomes harder and harder to find stocks that fit for the base and breakout setup now. The easy money is gone. This bull is charging with its last breath.

The weekly stock picks are for members only: http://www.cobrasmarketview.com/2014/12 ... ock-picks/

Below is the preview of this week's initial picks.

LONG WATCHES:
SHORT WATCHES:

Bad week. Broad market down huge so inevitably the 2 breakouts we had, both were false. The chart patterns are not bad yet, so still can hold for the next week though. Please be noticed that the easy money might be gone, now the market is very selective. Again, it's very important to know that the stock picks don't take ER into consideration so please avoid stocks that very close to ER or close position before the ER.

Long Watches:
0 real breakout , 2 false breakouts.

0 elimination.


Short Watches:

N/A


The rest, the chart patterns not bad yet, will compete with our new scans in order to be listed in the next week's list.

Green circle means a successful breakout/breakdown, so the pick won't be in the next week's list anymore.
Red circle means a false breakout/breakdown, the pattern in this case may not go bad yet, so still could be in the next week's list.
X means the pattern is gone bad, so the pick won't be in the next week's list anymore.