Cobra's Market View

I would follow RSI closely here. SPY and DIA failed break out, and they need all the help from Qs and IWM and Tran to gain a colorful strength, so far I haven't seen it.

Shorts that got magin calls last Friday must done covering so now here we go, this weekend it will be Longs margin calls been there done that.

Look at my bottom green line, Bulls last stand. Tran giving up already.

KENA wrote:Are we going dn or is this just a blip.

Looks like a Bull trap.

Ooopsss. houston! DOW is still a buy until MA turns back down. VIX is strong.

Here how I see it right now if market can not push higher to break the bears, soon short term MA and RSI and MACD will turn negative, we will have trend down day tomorrow, but lets not guessing let see how it plays out right now.

Tabby wrote:Bullbear,

Do you have any evil Direxion etfs in mind?

All the ones I posted earlier are my main play, not looking so good on FAZ, FAZ is the only one may be experiencing sell signal again today, that means to buy FAS in reverse but not yet.

I got buy on DOW.

Intraday looks topy, Vix intraday is buy, so, bearish for general market.

If you want to buy. DOW is leading right now. no buy yet.

With all the push Short term MA is still favor Evil side.

$VIX, where are we? short term maybe trade down next week but DIP buy signal is still on. see my imaginary of last push up measurement channel in green. O.K I see what I need to see for the week to come. Trade plan is in with the hope for another kick ass week, good luck to all.

Short term trend change evident, I am convinced we have trend change. Monday until monday morning.

Thanks everyone, I reluctantly to take shorts over the weekend, but I bought some FAZ. on my short term trading system I got sell all of the major indexes. Last week was little over 10% up on my account, thanks to all of you, I slow down my trading speed quite a bit from your insights had improve my...

Another "strong trend day" in this "powerful bull trend". I'm very impressed bulls! Now with the VIX back down in the teens, where will you get firepower for a huge push higher? Are you expecting the VIX to drop to 5 or 6? LOL Assume we close here with no miracle huge down, then...

Another "strong trend day" in this "powerful bull trend". I'm very impressed bulls! Now with the VIX back down in the teens, where will you get firepower for a huge push higher? Are you expecting the VIX to drop to 5 or 6? LOL I see little fears on 1h MACD, No worry, no one buy ...

TZA got beat down so much, now clawing back a little, same as FAZ still too weak.

There's life in FAZ, Hourly under mid BB not good, daily under 5dma not good.

Magic market time

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