Cobra's Market View

Flat open, gap if any will be filled. I have a setup with winning rate over 80% that was failed yesterday (remember I gave the target and stated that's my secret in yesterday watering thread?). Well, that setup isn't over yet, as I checked again last night, most failed setups in the past, the yesterday's low would get revisited in just a few days. Of course, there's always exception for every setup so although I'm not convinced by yesterday's later day rally and kind think the last couple of 60 min bars are exhaustion bar but if the market simply keeps up today, I'd be with bulls. The market is always right, the only thing I say to it is for sure: Yes master; Certainly master; As you wish master.
Institutional actions, not bad.

Good Morning Cobra!!!!!!

Good Morning Cobra! Hope the market goes as you wish!

good morning.

good morning guys.

GM,
From my read Bears fear not. this bounce will be sold. well, short term momentum is strong but the level of resistances are so great, just take a look at the BB, this time mid BB will be very important for the Bulls to move forward, on top of that we have Fib fan and FIb retracements resistance to name a few. it could just well be a gap filled be fore a continue trade down, daily vix is still stay above 200 dma.

trades under 5 dma, sell the rally is still on, VIX long date MACD sell the rally still on

ORCL earnings came out positive yesterday, yet pre-market trading is down. Let see how the nasdaq fare with this.

Good morning, Cobra. I noticed you adjusted your stop of SSO for the short-term trade. Do you have the list of rules posted somewhere for the new readers like me to start with as well when following the short-term signals? Thanks!

I do not see much cost building between 1280 and 1292, thus little resistance. Market can move up or down easily in between. Actually, we saw that happening recent days..

Cobra wrote:Flat open, gap if any will be filled. I have a setup with winning rate over 80% that was failed yesterday (remember I gave the target and stated that's my secret in yesterday watering thread?). Well, that setup isn't over yet, as I checked again last night, most failed setups in the past, the yesterday's low would get revisited in just a few days. Of course, there's always exception for every setup so although I'm not convinced by yesterday's later day rally and kind think the last couple of 60 min bars are exhaustion bar but if the market simply keeps up today, I'd be with bulls. The market is always right, the only thing I say to it is for sure: Yes master; Certainly master; As you wish master.

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Institutional actions, not bad.

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Yes Cobra; Certainly Cobra; As you wish Cobra.

The NYSEBP Point and Figure charts turned back dn yesterday Showing we are still in dn trend.The nysi also shows a turn dn.I think the lows will be tested.Have good trading up or dn....PS I bet some one made big bucks on that pop up yesterday.

up666 wrote:Good morning, Cobra. I noticed you adjusted your stop of SSO for the short-term trade. Do you have the list of rules posted somewhere for the new readers like me to start with as well when following the short-term signals? Thanks!

huge gap down/up, I usually use 15 min or 30 min open range breakout to confirm the stop loss, that requires some experiences. The yesterday's case was actually I put wrong stop loss value in the table, it should be the 06/16 lows so shouldn't be stopped out. I'm now thinking of using 2*ATR(10) as the stop loss as the current stop loss is way too subjective.

Whereeeeeee is Clitus ?

the open. I think it's not a good open, seems overshot here therefore should see pullback of some kind...

BullBear52x wrote:GM,
From my read Bears fear not. this bounce will be sold. well, short term momentum is strong but the level of resistances are so great, just take a look at the BB, this time mid BB will be very important for the Bulls to move forward, on top of that we have Fib fan and FIb retracements resistance to name a few. it could just well be a gap filled be fore a continue trade down, daily vix is still stay above 200 dma.

I never think TA on vix is a good idea, VIX itself is calculated based on IVs of a chain of SPX options.
Traders won't refer to VIX MA to be more aggressive or less on SPX options.

so does DX, I think trade DX on TA is not a good idea. I'd rather refer to TA on EUR, as it has over 1/3 weighting.

bbc wrote:

Cobra wrote:Flat open, gap if any will be filled. I have a setup with winning rate over 80% that was failed yesterday (remember I gave the target and stated that's my secret in yesterday watering thread?). Well, that setup isn't over yet, as I checked again last night, most failed setups in the past, the yesterday's low would get revisited in just a few days. Of course, there's always exception for every setup so although I'm not convinced by yesterday's later day rally and kind think the last couple of 60 min bars are exhaustion bar but if the market simply keeps up today, I'd be with bulls. The market is always right, the only thing I say to it is for sure: Yes master; Certainly master; As you wish master.

1.png

Institutional actions, not bad.

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Yes Cobra; Certainly Cobra; As you wish Cobra.

Gap filled already?

Neg D

Look where 60 min ChiOsc is now...