Cobra's Market View

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I feel a little bit uncomfortable today, so may not comment a lot. Usually after a big up day the next day tends to be a small range day anyway.


Small gap down, within yesterday's range, so the gap might be filled.

The Global ES has another overlap so it doesn't look the current rally is something that would bring us to the Galaxy far far away. The feeling is could be another try on the new high though. If such an attempt cannot make a decisive new high or even lower high then the rally is over. So let's wait and see.

1425-28 high then correct down 1405 to start last leg up.Maybe not enough energy to get that high...

Cobra, could you please comment on what is the statistics for FOMC releasing Days? Thx.

Cobra wrote:If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list here: http://stockcharts.com/public/1684859/tenpp. You need "follow" only once but vote can be done every 24 hours, so whenever you have time, please vote for me, thanks!

If you're not StockCharts member, you can also help boosting my rank by clicking the link once: http://stockcharts.com/public/1684859/tenpp, thanks!


I feel a little bit uncomfortable today, so may not comment a lot. Usually after a big up day the next day tends to be a small range day anyway.


Small gap down, within yesterday's range, so the gap might be filled.

The Global ES has another overlap so it doesn't look the current rally is something that would bring us to the Galaxy far far away. The feeling is could be another try on the new high though. If such an attempt cannot make a decisive new high or even lower high then the rally is over. So let's wait and see.

The most important thing is the feel better soon!

AAPL up big pre-market. This market ain't going down until we pop that bubble.

Cobra wrote:If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list here: http://stockcharts.com/public/1684859/tenpp. You need "follow" only once but vote can be done every 24 hours, so whenever you have time, please vote for me, thanks!

If you're not StockCharts member, you can also help boosting my rank by clicking the link once: http://stockcharts.com/public/1684859/tenpp, thanks!


I feel a little bit uncomfortable today, so may not comment a lot. Usually after a big up day the next day tends to be a small range day anyway.


Small gap down, within yesterday's range, so the gap might be filled.

The Global ES has another overlap so it doesn't look the current rally is something that would bring us to the Galaxy far far away. The feeling is could be another try on the new high though. If such an attempt cannot make a decisive new high or even lower high then the rally is over. So let's wait and see.

Cobra milestone...10000 posts by tomorrow

Ed02 wrote:Cobra, could you please comment on what is the statistics for FOMC releasing Days? Thx.

You mean FOMC minutes? No statistics.

Good morning Cobra,

I'd be interested to know if there if there's any statistics regarding the Monday after Easter.

Thanks very much in advance!

GM All,

Yesterday I had to do manual labor and a day job. I sold POT and SLV during the day for the first time ever from my cellphone. As the Master, I feel VERY uncomfortable here being long and have a plan today to buy some MOS puts around $56. I think if the RUT shows any weakness this week, it will spill over into the rest. GLTA jimme

the open.

Xian wrote:Good morning Cobra,

I'd be interested to know if there if there's any statistics regarding the Monday after Easter.

Thanks very much in advance!

go to main site, under seasonality menu, check holiday seasonality.

stucap wrote:AAPL up big pre-market. This market ain't going down until we pop that bubble.

Just curious why you feel it's a bubble? Seem's like the P/E is very reasonable compared to some other companies. It's a very dangerous stock to short (believe me I tried many times and got burned). In addition to the lower P/E than their competitors they also have a recurring revenue stream on every product they sell via the App store. This far outweigh's the value of selling the hardware in my opinion. I'm afraid If Apple did a 2/1 split you would see this thing take off much higher.

Is there a holiday on April 6? Settlement day is April 9 if you trade today.

Petsamo wrote:Is there a holiday on April 6? Settlement day is April 9 if you trade today.

Good Friday. Market closed.

dumamay wrote:

Petsamo wrote:Is there a holiday on April 6? Settlement day is April 9 if you trade today.

Good Friday. Market closed.

OK thanks. It's been a while since I went to church.

AAPL update, see for yourself: http://stockcharts.com/public/1684859/c ... /260183775;

If reading right,seasonality is strong going into Good Friday

Cobra wrote:

Xian wrote:Good morning Cobra,

I'd be interested to know if there if there's any statistics regarding the Monday after Easter.

Thanks very much in advance!

go to main site, under seasonality menu, check holiday seasonality.

Thanks!

SPY leads down, not QQQ nor IWM, so might nothing serious.

Only for today, Per DeMark: short at L1, price target L2, or short at H2, price target not defined