Cobra's Market View

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.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• 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].

===============================================================================================================================

Generally the rebound (the last 5 bars) should be sold.

Easy start of the day. swing setup: new buy, new box. make or break. first thing first.

Intraday: inside day, anything goes, gap filled, this could be top good bye kiss, if so we should pull back to where we start. anyhow, choppy Monday is to be expected.

Cup with handle, bias is up.

Stalled at 7,000 again.

I was not happy with my charts so I added Perry Kaufman's Efficiency ratio down at the bottom. This is the Lizard Trading version and Fat Tails added the ability to have it color price bars. I decided to gray out bars when it was showing chop. So a strong hint to "Sit on Hands".

I also dropped the linear regression lines and went to the FAMA Adjustable Moving Average. It does a better job of staying above or below price and I did not use the normal paring of the MAMA average because the standard 21n EMA is very similar so I have stayed with it.

Six points short. Need a third push.

The five times slower version with volume helps to explain the straight up and down moves.

The pullback probably will be bought

45 minutes of nothing. The tick bars have gone from 30 seconds to 2 minutes while the ATR has trended water. Very much a watching paint dry move so far. Tomorrow we get CPI then Wednesday PPI that could break things loose.

Melt up, don't short a dull market they said. LOL

Testing the all time high, let's see whether bears can make a double top. I think maybe bias is up.

Vix were up all morning, but not much. no fear no bear. hanging on the border line. a lot of overlapping, so, the push up is not impressive but fear and rotation around.

May not be large enough for Cobra standards but I did get the third move up, finally.

Generally the pullback should be bought. However it's near the close and the recent trend has been selling into the close.

I am counting four similar moves. No idea what it means but hey, slow day, what can I say.

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449374