Cobra's Market View

Strong stocks consolidating before breakout. In addition CTRX, CHK, KOG, PRKR, LCC are stocks that rebound from pullback forming consolidation area before breakout.

• The main idea is to scan very strong stocks forming possible buy setup. All stocks must have 3 month average volume above 500K and the current day volume above 200K.

• Will try to avoid bio tech or pharmaceutical related stocks as risks are high for those kind of stocks.

• No consideration of the broad market trend, the ER time. Those strong stock would sell off hard if the broad market corrects.

• It's auto scan. Not a stock recommendation, trade with your own risks!

Thanks Cobra, I did not see this post last week.

I like CTRX, GET...

CHK is hitting 200ma..lot of resistance.

lazytrader wrote:Thanks Cobra, I did not see this post last week.

I like CTRX, GET...

CHK is hitting 200ma..lot of resistance.

I actually like CHK.

Be cautious with CHK; the CEO had been using it as his own personal ATM for a few years until they finally informed the stockholders.

Cobra wrote:

lazytrader wrote:Thanks Cobra, I did not see this post last week.

I like CTRX, GET...

CHK is hitting 200ma..lot of resistance.

I actually like CHK.

WOW!! Stock picks by my Main Man. I actually bought ENTR calls last Thursday and JBLU calls similar to your LCC. I watch everyday but can't post. The contributions by ALL are remarkable and thanks for taking the time to comment during each day. The market is going to grind around for awhile but some of these stocks will do much better. Thanks again for the nice list! Carry on. GLTA Jimme

MrMiyagi wrote:Be cautious with CHK; the CEO had been using it as his own personal ATM for a few years until they finally informed the stockholders.

Old news

jimme wrote:

Cobra wrote:

lazytrader wrote:Thanks Cobra, I did not see this post last week.

I like CTRX, GET...

CHK is hitting 200ma..lot of resistance.

I actually like CHK.

WOW!! Stock picks by my Main Man. I actually bought ENTR calls last Thursday and JBLU calls similar to your LCC. I watch everyday but can't post. The contributions by ALL are remarkable and thanks for taking the time to comment during each day. The market is going to grind around for awhile but some of these stocks will do much better. Thanks again for the nice list! Carry on. GLTA Jimme

Thanks.

A few more breakout today in addition to yesterday.

4 more breakouts today (red cycles). The rest still not looking bad so can still remain in the buy watch list. FOMC tomorrow, experienced traders would book profit today or tomorrow morning.

the final results of this weeks pick, not bad but not as good as I hoped considering the broad market up huge. So the question might be: Is broad market really as strong as it appears? All the stocks pick here are strong stocks, should up huge with the broad market.

Anyway, among 7 left not breakout, I pick 5 into the next week watch list. SMBL is eliminated from the list but the stock actually doesn't look bad, it's just not a consolidation before breakout pattern anymore, so I prefer to kick it out.