Back to www.cobrasmarketview.com

01/22/2022 Weekend Update

Post Reply
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

01/22/2022 Weekend Update

Post by Cobra »

Down 3 weeks in a row, the next week has 54% chances to close up.
Attachments
2.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
JFR
Posts: 10120
Joined: Sun Dec 02, 2012 7:24 pm

Re: 01/22/2022 Weekend Update

Post by JFR »

SPY daily. 3 Line Break. Pushing the outside of the envelope of the lower Bollinger Band.

2022-01-21_15-22-59.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/22/2022 Weekend Update

Post by Al_Dente »

"SILVER CROSS"
20/50ma
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/22/2022 Weekend Update

Post by Al_Dente »

Two signals that worked well at the 1987 crash were:
CCI-125
200sma
Here they are in 1987, where the breach of the 200sma was the last straw
Screenshot 2022-01-22 113111.jpg
And here are the same signals today... not good....
Screenshot 2022-01-22 113355.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 01/22/2022 Weekend Update

Post by Cobra »

$AAII bull - $AAII - bear almost yelling for a bottom now, almost.
7.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/22/2022 Weekend Update

Post by Al_Dente »

Compare those charts with 2008-2009, where there was no radical gap down -22% like in 1987, but just a slow and steady burn down.
This is weekly, so consider the 45 or 50sma to be the equivalent of 200sma on the daily

https://stockcharts.com/public/1684859
Screenshot 2022-01-22 115129.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/22/2022 Weekend Update

Post by Al_Dente »

MORE ON 200sma:
The 200sma on the daily $SPX (and SPY) was breached Friday, a feat not seen since late Feb/early March 2020,
when it bounced above and below 200sma for a few days before ultimately plunging.

I think of the 200sma as the bell to Pavlov's Dog.
First the dogs salivated in response to the bell... as they knew the food would come soon after the bell.
Stimulus Response.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/22/2022 Weekend Update

Post by Al_Dente »

A few of the cleanest dirty shirts, daily, 20/50
Screenshot 2022-01-22 122232.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/22/2022 Weekend Update

Post by BullBear52x »

From It is what it is department" SPX -8.8% CPC = 1.26 panic level, it's ugly out there that's for sure. but look at where we came from, it's not all that bad. Look at past S/R lines it will tell me what to expected as a short term trader.
1.PNG
Look at Fib extension it is well beyond 1.618% very bearish. or throw in some E-wave we have a crystal ball number laying out some where. for /ES lots of calls to 4345-58.
2.PNG
Short term trade there is no end in sight. Friday's price action continue to print negative. By Monday if we can not trade above 61.8% there will be no reversal in my view.
4.PNG
for some of us who use higher degree of time frame, Hourly EIS bar will be a good start, look for color to change from red to Bue or Green.
3.PNG
Money management/ Position sizing is more important than any of this. keep it simple. Peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/22/2022 Weekend Update

Post by BullBear52x »

/ES cheat sheet for day trade.
1.PNG
S/R in real time day trade 5 min.
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
jademann
Posts: 1032
Joined: Wed Aug 22, 2012 10:49 am

Re: 01/22/2022 Weekend Update

Post by jademann »

We closed right at the 200 ema in case anyone missed..
https://schrts.co/mTbmMRxA
Last edited by jademann on Sun Jan 23, 2022 8:42 am, edited 1 time in total.
My comments were dictated to me by homie the clown
User avatar
JFR
Posts: 10120
Joined: Sun Dec 02, 2012 7:24 pm

Re: 01/22/2022 Weekend Update

Post by JFR »

SPY daily. Point and Figure. A decline of not quite 9% thus far, by my calculation. Significant. It has our attention. There is no sleeping at the switch on Cobra's site. Not much in the market slips past all the eyes on here that are watching.

For day traders, the decline is not a big deal. Make plays long or short.

One good thing about a strong pullback: It sets up value plays, with reduced price/earnings ratios.

As noted, the move down has our attention.

Screenshot_20220122_190306.jpg
Charts posted are not recommendations. They are just a sharing of information.
Post Reply