Cobra's Market View

Out of Bounds wrote:...that was a joke.

Seriously, If R2K going up b/c of these stocls , it is going to 2000, pass $SPX faster. look at DDD from $27 to $35.
JBLU,RFMD,RDN, DCT, I don't know some of these stocks, they are few pennies from 52Wk high.

can't short market ... dow 15,000 before any decline..spy vwap is 159.30

looks like a bull flag (clearer on 15 min chart), so the bias still is up. this market would never drop anymore.

taggard wrote:

L_T wrote:

Cobra wrote:not sure if the rebound has started. didn't see good H2 long yet. wait.

Cobra you forced me to refer back to my notes. Hopefully someone else gets value out of this.


so yeah rules are great--but seeing past the rules to what they represent and where they come is also good. as for the feeling it is quiet and maybe slightly funny that is ideal--so that is my clue i am close to where i am supposed to be.

good luck to everyone.

Can I have a copy of your notes? IIRC, you offered it a few weeks ago

here's what I mean bull flag. it's not just for today call.

No one scared about the data for tomorrow?
Producer Price Index
8:30 AM ET


Retail Sales
8:30 AM ET


Consumer Sentiment
9:55 AM ET


Business Inventories
10:00 AM ET

Ben Bernanke Speaks
12:30 PM ET

Where's TraderGirl today, was it her birthday again last night?

I'd be a little bearish biased if only bears could exceed the tinted area (the mini pullback target).

SPX 5m.. Channel support, or break...

frankthetank wrote:No one scared about the data for tomorrow?
Producer Price Index
8:30 AM ET


Retail Sales
8:30 AM ET


Consumer Sentiment
9:55 AM ET


Business Inventories
10:00 AM ET

Ben Bernanke Speaks
12:30 PM ET

Why scared? good news is good news, bad news is even better because it'd mean more money printing.

End of day ramp job coming soon? SPY 5 minutes almost oversold.

15:43 Oversold now

support. wait.

Cobra wrote:

frankthetank wrote:No one scared about the data for tomorrow?
Producer Price Index
8:30 AM ET


Retail Sales
8:30 AM ET


Consumer Sentiment
9:55 AM ET


Business Inventories
10:00 AM ET

Ben Bernanke Speaks
12:30 PM ET

Why scared? good news is good news, bad news is even better because it'd mean more money printing.

so damned right

I have shown this channel before..found support and headed higher, now at resistance...could get a pullback if the astro's that are coming up work.. but who knows..

Long term, check out this pattern in the SPX...5 wave structure on the last two tops, now it's possible we could see something similar...?? Neg d on RSI on the weekly...nothing on TSI yet..

RUT, backtesting, lagging, shooting star?

well, guess that's it for today. it's firework time (which implies 2 things, not just one thing, so don't interpret that I'm simply a bull who's having dream on luxury yacht again. I'm a snake, neither bull nor bear, please remember this), which I'll explain to members tonight. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

Cobra wrote:well, guess that's it for today. it's firework time (which implies 2 things, not just one thing, so don't interpret that I'm simply a bull who's having dream on luxury yacht again. I'm a snake, neither bull nor bear, please remember this), which I'll explain to members tonight. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

Voting for the KING COBRA is one of the first things I do when I hop in front of my computer every morning. Thanks for everything you do. Outstanding nightly reports! Awesome forum! Tremendous insight! 100% genuine, outstanding work Cobra!!!!

ClarkW wrote:

Cobra wrote:well, guess that's it for today. it's firework time (which implies 2 things, not just one thing, so don't interpret that I'm simply a bull who's having dream on luxury yacht again. I'm a snake, neither bull nor bear, please remember this), which I'll explain to members tonight. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

Voting for the KING COBRA is one of the first things I do when I hop in front of my computer every morning. Thanks for everything you do. Outstanding nightly reports! Awesome forum! Tremendous insight! 100% genuine, outstanding work Cobra!!!!

Thanks.