Cobra's Market View

Institutional buying and selling chart from stocktiming shows more distribution than accumulation, so the trend resumes down again.

Smart money huge short, so it's case 1 below, not good for bulls.


Since there're some arguments about how to read the chart, so it's necessary for me to explain here how I use this chart:

I don't care what's the logic behind the chart. I found it works in the following two cases:

1.) When market up huge, if I see smart money huge short, best if new record short, then I know a short-term pullback is due soon.
2.) When market down, if I see smart money suddenly rises from very negative value, then I know the pullback was over.

So I only use this chart for the above 2 cases. Besides those 2 cases, it means nothing to me. i.e. the absolute value of this chart means nothing to me, I only care if it rises sharply or drops sharply.

Summary of the week's stock picks.
viewtopic.php?f=10&t=1736&p=196583#p196583

SPY: 174 targets 138 hits within 10 days, 79.31% rate. 7 open targets left, all to the upside.



sorry, i had the wrong image file.

INDEX Weekly/Daily Candles

Industry % Weeklies. Volume increasing with the down move in SPY fwiw.

T2 http://www.worden.com/TeleChartHelp/Con ... rs_T2s.htm Put/Call very elevated again. Last weeks weakness in indicators, confirmed this week.

Yields

T2 Channels % Stocks 1+2 Channels <200d Weekly <40d Daily

The weekly stock picks are for everyone.
viewtopic.php?f=10&t=1743&p=196593#p196593

last weekend I posted we would get a doji and roll-over - which has happened and we are half-way down the slide.
This video is on a longer-term view.
http://screencast.com/t/K5BunTWUG

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Source: Urban Carmel ‏@ukarlewitz July 24, 2015 1 hour ago

21-d CPCE. This is 2 1/2 year high.

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Source: Cam Hui, CFA @HumbleStudent 10:55 AM - 24 Jul 2015

Fear & Greed

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The bear case

Source: StockTwits





Source: ? not sure

Yeah Very very nice weekly candle guys, do not get to greedy with shorts as squeez time is coming Very serious squeez time for bears is coming

SPX the bears are have a very pretty set-up.. "IF" there is follow through.

Bottom Monthly candle next week will be of keen interest.

Middle chart.. bears see a re-test of a broken trend from 2009 lows, bulls see a mid channel support.

Top chart.. highly speculative, but stacked H&S... on shorter time frames... it's a favorite of mine, if you been reading this board for awhile.

All depend on price and how it plays out.. of course. But something to keep in mind. fwiw.

"Down hard on the 60"

Look at the volume 60ma red line. Some use this as a buy point, wonder if it works?

http://stockcharts.com/h-sc/ui?s=USO&p= ... 7841303351

Went Long SLV and GLD at bottom on Friday. Looking for a short term dead cat bounce.
http://stockcharts.com/h-sc/ui?s=GLD&p= ... 2608052039

USD is key to all imho
http://stockcharts.com/h-sc/ui?s=UDN&p= ... 0816291590

tsf wrote:.
Source: Urban Carmel ‏@ukarlewitz July 24, 2015 1 hour ago

21-d CPCE. This is 2 1/2 year high.

Here's the 10d ma on $CPCE: pic.twitter.com/9eHJJFDILF
Looks like it's heading higher.

The 21d has a similar breakout pattern.

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QED, thanks for the updated tweet.

QED wrote:

tsf wrote:.
Source: Urban Carmel ‏@ukarlewitz July 24, 2015 1 hour ago

21-d CPCE. This is 2 1/2 year high.

Here's the 10d ma on $CPCE: pic.twitter.com/9eHJJFDILF
Looks like it's heading higher.

The 21d has a similar breakout pattern.

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The last time that the market action was concentrated in the giant mega-cap stocks was back in October
Vote: https://stockcharts.com/public/1684859