Cobra's Market View

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Big gap down but within yesterday's range, so not sure if the gap will be filled or not.

Hard to call Global ES at the current stage. Could be the 2nd leg down has started (red), or it's just the pullback before the 2nd rebound leg up (orange), so we wait.

members only update starts here: http://www.cobrasmarketview.com/2013/04 ... ay-update/

Cobra wrote: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].

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

Big gap down but within yesterday's range, so not sure if the gap will be filled or not.

Hard to call Global ES at the current stage. Could be the 2nd leg down has started (red), or it's just the pullback before the 2nd rebound leg up (orange), so we wait.

What's the confirmation you're looking for?

$XLF: An ending pattern that could pan out

616 am

ES down 10.50

SPY down 1.13

Good Morning, here is a little Dax chart, we had a small flash crash this morning, and look where it stopped, for now
I think, the Dax could run for huge trouble this year, 7537 is the pivot it tries to defend today ,

Stockckarts.com will update after close so I just put the arrow to show where we are trading

Cobra, does USD look like a double bottom and a bull flag? Also a dip below the 50 DMA to trap the dollar bears?
Also the last two time $VIX moved out of the upper BB, the next few days it fell. Third time is a charm?
Ain't time for the bears to get creative?

AAPL finally broke 419, short the market

Cobra should we buy here or short?

should be an inside day breakdown on spy...means more down ahead. no?

jarbo456 wrote:should be an inside day breakdown on spy...means more down ahead. no?

Final add shorts confirmation would be break below 155.12. Fingers crossed bears

closed short around 155.76

Out of Bounds wrote:closed short around 155.76

This approximate - the trade was all over the place and the market is flipping so fast it took 10 fills to cpmlete the order - use caution.

jarbo456 wrote:should be an inside day breakdown on spy...means more down ahead. no?

That is the statistical edge at this point. Stop at yesterday's high.

anyone having trouble with freestockcharts or is it just me?

jarbo456 wrote:anyone having trouble with freestockcharts or is it just me?

Me too. What kind of garbage is that? A free tool not working well?

jarbo456 wrote:anyone having trouble with freestockcharts or is it just me?

mine is okay

SPY 1 minute ... for scalping ...

L_T wrote:

jarbo456 wrote:anyone having trouble with freestockcharts or is it just me?

Me too. What kind of garbage is that? A free tool not working well?

no biggie. i'm not complaining - just wondering if it's me. i like how easy it is to manipulate the chart, but i have other charts to use.

Out of Bounds wrote:

Out of Bounds wrote:closed short around 155.76

This approximate - the trade was all over the place and the market is flipping so fast it took 10 fills to cpmlete the order - use caution.

Limit order saved my ass, phew. That was a pretty quick short with AAPL and XOM trending lower. Praying bears get some action today, or else range day(inside day) again.