Cobra's Market View

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Small gap up above yesterday's high, so not sure if the gap will be filled or not.

The Global ES maybe forming a small Bearish Rising Wedge, so hopefully a pullback of some kind here which NORMALLY would be bought at some point.

members only update starts from here: http://www.cobrasmarketview.com/2012/12 ... ay-update/

Trading the Seasonal Strength.
Table below shows performance of investing for ~ 30 trading days in the 4th quarter of each year since 1995. This is an adaptation of strategy proposed by Dr. Minton of Alpha Research. Buy for the third and last power period for this year will be at the close of trading today. Performance for 2012 include the first two power trades.
GL2U.

Harapa wrote:Trading the Seasonal Strength.
Table below shows performance of investing for ~ 30 trading days in the 4th quarter of each year since 1995. This is an adaptation of strategy proposed by Dr. Minton of Alpha Research. Buy for the third and last power period for this year will be at the close of trading today. Performance for 2012 include the first two power trades.
GL2U.

So we should buy at today's close, right?

the open.

Snoggy says it's a good time to book the profits from those longs.

IWM's ex-dividend must be today. It's price is adjusted down 76 cents

dollar drops below support toward 100% MM target.
https://stockcharts.com/public/1684859/ ... /276865556;

gold on MA200 and here's the 100% MM target.
https://stockcharts.com/public/1684859/ ... /124844123;

Cobra wrote:gold on MA200 and here's the 100% MM target.
https://stockcharts.com/public/1684859/ ... /124844123;

I find the GDX part of that chart interesting. I think it's going to bust down through the triangle you drew. If it's performing this poorly in a strong market how is it going to do when we get a few sideways or down days? Also see GDXJ which is weak as well.

not sure if it's 3 push up, wait.

ES fall off the rising wedge as expected, hard to say target as the wedge text book target mostly don't work.

VIX spiking +6.5% this am.

Cobra wrote:

Harapa wrote:Trading the Seasonal Strength.
Table below shows performance of investing for ~ 30 trading days in the 4th quarter of each year since 1995. This is an adaptation of strategy proposed by Dr. Minton of Alpha Research. Buy for the third and last power period for this year will be at the close of trading today. Performance for 2012 include the first two power trades.
GL2U.

So we should buy at today's close, right?

Per this strategy you go long at the close of today.

L_T wrote:

Cobra wrote:gold on MA200 and here's the 100% MM target.
https://stockcharts.com/public/1684859/ ... /124844123;

I find the GDX part of that chart interesting. I think it's going to bust down through the triangle you drew. If it's performing this poorly in a strong market how is it going to do when we get a few sideways or down days? Also see GDXJ which is weak as well.

That was fast GDX has already moved to the bottom of the triangle.

Long.

My trend and summation signals remain bulls.

We are on day 1 of an ARMs sell warning.
I am looking to layer on a tactical short to honor it.

THANKS for the heads up - they do not have a consistent time for doing it which is irritating. I like the SPY and MDY doing in on quarterly opex Friday - so much cleaner!

-D

Petsamo wrote:IWM's ex-dividend must be today. It's price is adjusted down 76 cents

green line below might be a good target.

Denali92 wrote:THANKS for the heads up - they do not have a consistent time for doing it which is irritating. I like the SPY and MDY doing in on quarterly opex Friday - so much cleaner!

-D

Petsamo wrote:IWM's ex-dividend must be today. It's price is adjusted down 76 cents

Dividends typically get distributed in June & December. So, I think they're consistent enough. If you research iShares' website or Google it, they'll probably give dates.