Cobra's Market View

Politico discusses meeting between House leaders (Republicans and Democrats); Boehner has refused to comment on details of meeting.

By the way, ISE sentiment index was reported ten year low reading last Thursday. http://www.ise.com/market-data/isee-index/ During last ten years, the reading hasn't previously been less than 50, so it might be a good contrarian point of view if option traders are even more bearish than during 2003 ...

stats do not favor longs this week http://www.thewholestreet.com/cgi-bin/r ... UCQG0TXBQP As an statistician, I see it very dangerous and misleading to make such "statistical" interpretations based on only 15 observations... Why the market instead wouldn't do the opposite and converge int...

For those who are interested how Dax performs, I have a collection of indicators which are mostly pointing down. Although some short term indicators could indicate short term rebound and overbought condition, there could be more down ahead. Dax cannot have a bigger rebound before at least some of th...

Cobra, have you been watching money flow? I noticed that cumulative money flow from the last two weeks already turned negative. Previously this hasn't been positive for the stock market. http://3.bp.blogspot.com/-klz-gB6_mFU/TzPQTMm8NII/AAAAAAAABTs/Bzkc9aJWATU/s1600/US+money+flow.jpg I took the data...

Nyse Trin has been over 1.1 all the day. Now it is standing at 1.3. Thus, the volume has been more behind declining stocks and the overall sentiment a little bit negative.

Lately I have had quite many meetings with different professional asset managers in Europe. They have been surprisingly bullish and at the moment their approach have been very naive and straightforward. Everybody seems to believe that the stock market will keep going up simply because there are no a...

Hi Cobra, I have noticed that you have drawn quite much trendlines lately, even you don't believe them. Why is that, or do you think that character of the market is a little bit difficult to read at the moment? First of all, welcome aboard. I always draw trend line. I just use them to judge the mov...

Hi Cobra, I have noticed that you have drawn quite much trendlines lately, even you don't believe them. Why is that, or do you think that character of the market is a little bit difficult to read at the moment?