10/19/2012 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, 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 everyday.

Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].


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

The pullback so far is within the "not worry" range, so NORMALLY this pullback would be bought somewhere, at least yesterday's high will be revisited, either with lower high or higher high.

[Cobra]

Members only update starts from here: http://www.cobrasmarketview.com/2012/10 ... ay-update/

[quientuves]

Good morning Master Cobra. Don't you think ES has made a 3 legs down in the overnight? The last has been quite short, would this mean to you a sharp 2 legs up?

[daytradingES]

Off-topic
I am looking for books with stories of divine healings, that is people who prayed to be healed and were.
many thanks in advance,

[Cobra]

Good morning Master Cobra. Don't you think ES has made a 3 legs down in the overnight? The last has been quite short, would this mean to you a sharp 2 legs up?

Let's see how the first hour goes first.

[TraderJoe]

Good morning all;
on the 17th I mentioned that According to GS, SNDK should report a blowout earnings tomorrow and the stock COULD bounce up to 8%, I bought some calls..
It is up about 8% in pre-market!!! Good call by GS..

In the same report to their customers, they said CREE would bounce, it was up 12% on the 16th.

Here are a few more of their calls;
FCX to bounce up to 5% after earing is reported on the 22nd.
GLW they believe will report strong on the 24th and could bounce up to 7%.

[daytradingES]

ge reported earnings at 8:30

[Cobra]

the open.

[Petsamo]

I don't understand why IWM is down so much

[Cobra]

possible target. not sure.

[Mr. BachNut]

Market Neutral.
This type of pattern is typically described as a broadening "top".

[Cobra]

target is clear on 15 min chart, right at gap support.

[Petsamo]

Market Neutral.
This type of pattern is typically described as a broadening "top".

Broadening Top.jpg

IWM is down so much. Maybe it's time I play TNA. Friday's are typically not bearish.

[Me XMan]

You know they want to fill that gap before another Dead Cat Bounce (DCB).

target is clear on 15 min chart, right at gap support.

[Cobra]

members only update at 10:05am: http://www.cobrasmarketview.com/2012/10 ... ay-update/

[Cobra]

weak rebound so far, not good sign.

[Harapa]

VIXies Update
VIXies 5 minute setup remain firmly with the bears.
Considering OPEX days tendency to be volatile taking some profits at the moment may not be a bad idea.

[Al_Dente]

relative strength

[Out of Bounds]

No buy signal yet

[TradersF]

Had a great week as a swing trader. Bought TNA @ 59,60 on Monday. Sold yesterday around 3pm for a nice profit and went short with TZA @ 14,76.
Seems to be my lucky week. XIV just when to a sell according to my swing signal.

Good luck everybody!