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.

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].


Flat open, so any gap will be filled.

My wild-est-est-est guess is the Global ES might have a pullback today because I see small 3 Push Up on the chart. That said as long as the blue line hold, bulls are OK. In fact, bears need a sharp pullback, any small and slow pullback only means it's just a pullback.

Weekly stock picks are here: viewtopic.php?f=10&t=822&p=117406#p117406

members only update starts here: http://www.cobrasmarketview.com/2013/02 ... ay-update/

the rebound on DAX does not look good, may resume down sometimes later, I guess.

Good morning...
Bears are welcome for some Arabic coffee and dates at my place....

Momentum Block
Global Equity Futures: US Bullish, EUR Bearish
Key Currency Pairs: Bearish (Bearish SPY)
SP500 Futures are above the trend line break out. Target for rectangle breakout is ~1530. When currency traders are on the fence, moves up in SP500 are blunted while moves down are exaggerated. Caution is warranted. Note: This is my way of gauging traders sentiment across markets. It is not a precise timing setup.

Please. Have some coffee... It's strong yet delicious ..

the open.

Richarab wrote:Please. Have some coffee... It's strong yet delicious ..

Rich Arab you still do exist

Where is the "I am here" part of your post?

Richarab wrote:Good morning...
Bears are welcome for some Arabic coffee and dates at my place....

Hope you didn't lose your shirt at Trader VIX......

Snapshot ... A sea of red ...

Just a bigger picture look at things:
Since the 2009 rally began, the SPX has moved 11.3%, 9%8.8% & as of Fridays high 6.6% away from its 12month SMA before we have seen a mean reversion to back below the 12month SMA (although the last 2 pullbacks never closed below it). It's interesting to note that as this cyclical bull has aged that the moves away from this MA have trend lower. Right now the mean sits at 9%.

L_T wrote:

Richarab wrote:Good morning...
Bears are welcome for some Arabic coffee and dates at my place....

Hope you didn't lose your shirt at Trader VIX......

yes. i did. its is well documented here.. thankfully i have a hairshirt underneath....

members only update at 10:04 am
http://www.cobrasmarketview.com/2013/02 ... day-update/

nothing new, as long as blue line hold, bulls are OK. as long as no sharp pullback, it's not bear attack.

My AAPL target has been reached. Be careful. Today determines stop at 480-485 or rocking till 495...

IWM looks relatively weaker than SPY (intraday 5 min).

This is last week's chart - resistance up at 1518 is still holding. Green cycle signal for today and March futures ran up to 1516.75 before the opening, but so far SPX doesn't show the strength to climb any higher I'm not yet sure in which direction the move will occur...

Cobra wrote:nothing new, as long as blue line hold, bulls are OK. as long as no sharp pullback, it's not bear attack.

Broken it is... Target 1200?

I'd take 1495 too...

Note the chart below..The 30 day strength is tending lower..The bottom chart the breakout direction indicator did break thru its support and is tending lower..Compare with the past months on the charts and maybe the bears might have some hope..Lets see.