Cobra's Market View

Just excellent comments, Cletus, thanks for sharing! Don't just listen to all the news/chatters, watch the charts and act accordingly! BB

Cletus open notes: 1) Bullish cycles conclude roughly mid-week, but since there is the upcoming holiday and bullish seasonality, I would say at minimum next week is probably the first opportunity for a short (and we'll see what actually happens) 2) The SPX remains on the exact path as outlined for ...

Im really sticking my neck out with these posts and comments, but so what! I dont really care much about the long term as im retired and have no stock holdings, just cash and real estate. And note that im not always right.. for instance, remeber the 4203 high? I would have sworn that we would hit m...

AMZN Earnings today, Feb 3, after the close Thanks for all your posts, Al! I would be shocked if AMZN would go down another 10% from the current level after ER. Accordingly, I am giving NQ 14400 as the low of this week, and sold some 14400 puts (Friday exp) in last 30 min or so. I also have quite a...

Hi All.....I just had a birthday and turned 94. I still trade but on a reduced scale and not everyday. I enjoy reading all your posts and Cobras. I think Cobra is one of the best and will continue to enjoy his web site. Here is to another year. Kena :D Hi Kena, a late Happy Birthday to you!!! Wante...

well, I'd agree all the bearish calls here, but purely from chart pattern, it's very rare for a car running on 200 mile per hour reverses all of sudden. From my understanding of TA is we should trade on high odds and this basically says that we'd try our best no to think that this time is different...

First time posting here, tremendous respect for Cobra and a shout-out to many folks here posting thoughtful views and analysis! I am not surprised to see a lot of buy-dips going on considering how bullish the market has been in the last 2 weeks--as usual a lot of us are brain-washed by the short-ter...