Cobra's Market View

Donald J. Trump@realDonaldTrump
We will NOT stand for looting, arson, violence, and lawlessness on American streets.

Does this mean that The Donald will send his Storm Troopers into the West Wing of the White House, where pickings are rich?

I went shopping for some retail stocks to short (bear call spreads) and was surprised to see that many of the worst consumer cyclicals have "Buy" ratings by Ned Davis. And he has given them Buy ratings for some time. For example, Guess (GES) - it has been in a steady decline for 6 years, l...

Mexico and Trump. This is just one of many disasters that will attend the election of a psycopath as President. It will impact the stock market at some point - but when?

Thank you for that, Al Dente.

kongen wrote:Very elaborate fantasy!

(Referring to Trades w Cats discussion of Janet, President, etc.)

Very elaborate fantasy!

Filled gap, then pulled back.

BullBear52x wrote:short term setup is now bullish bias, what's for bears? stops are in.....emotions are out!

What's for bulls? lets pray.

Pray to Odin - he's better at this than the other gods.

icman wrote:cup & handle?

Yes it is. Target 197.72

The VIX response is very muted. considering the downdraft. Any ideas why that should be so?

BullBear52x wrote: You wondered how TSI works in trending? just like RSI, sell rips buy dips once trend is identified. next sell the rip on overbought >20(TSI) peace out.

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BullBear, I have no idea what TSI stands for or how it's composed. Can you enlighten me? Thank you.

Daniel wrote:What is up with the solars? Huge multiday run.

For eg. FSLR went from 53 to 66 in four days, other leading issues similarly.

Was there a bad harvest of photons this past week? Shortage panic?

Democrats negotiated continuation of tax credits, which were set to expire.

Thanks, Cobra, and thanks to AlDente, Uempel, Mr Miyagi, Unique, BullBear, OOB, Dell ... each of you makes this site enjoyable and useful.

ALdaytrade wrote:Building a H&S on the one minute $SPX?

2007 target?

That is, indeed a beautiful H&S. However, these are more useful in a topping market, much less so in a declining mkt.

Breadths have rolled over (again). Chris Ciovacco, on SA, discussed this today: Market breadth as of December 7, 2015 does not look significantly different than similar periods after the S&P 500 bottomed in 2010 and 2011. In some cases, market breadth in 2015 looks better than at similar points...

DellGriffith wrote:I'm looking for wave C down. More likely than a V correction. This may be the start.

Are we not in wave C down?

DellGriffith wrote:the entire day now looks like a van gogh style cup and handle, and were drawing the handle. do those work?

Yes, they often work. This C&H is classic, with declining volume in the handle. Target 215.92.

DellGriffith wrote:bears decloaking and attacking with photon torpedos. will they win?

decloaking?

Follow-up on yesterday's comment about the 2 30 min H&S targets. The first (209.7) was hit yesterday, followed by a big bounce. The second (207.54) hasn't been hit yet.

I've been watching the 2 H&S on 30 min timeframe. The shoulder of the first is at 209.70 (Tgt 209.04). We bounced off and are now back at this level.