Cobra's Market View

Tech hardest hit all morn
This is one day only, %performance, juice

skittlesmds wrote:Nasdaq seems very weak today.

Lots of people selling the market on TWTR IPO
When it opens much higher
they may reconsider

RUT 60m

the pullback shall have legs, NORMALLY. I'll let you know if those aggressive dip buyers are in AGAIN.

morning hourly black bar.

fehro wrote:SPX 15m... look out below

Your charts have been pretty spot-on lately. Thanks for posting them.

SPX 60m... closer filling a gap.. shakey support..

Al_Dente wrote:

Out of Bounds wrote:

Al_Dente wrote:One month sector performance
Odd that at market highs, the defensive sectors are so strong

That only means one thing to me.

hi boss how is Snogger?

Sorry, just stepped away. Contractors are here. We have failed inspection twice for a shed. Evidently a tool shed has to have a cage around its light fixtures.

Chart looks a bit different as I am on my portable computer

Nasdaq and Russell taking most of the selling.

New high couldn’t hold
Now below the iH&S neckline
Who is to blame
Dollar (faded green line behind price = inverted dollar)
Also bad japan, bad china……….

L_T wrote:

fehro wrote:SPX 15m... look out below

Your charts have been pretty spot-on lately. Thanks for posting them.

your welcome! hope it helps people make some $$$ SPX 15m

Yesterdays PB dn to 176.42 now filled..Next is 176.26 then dn to PB 175.89..Lets see who wins the charts or the dippers and Big Ben.

Short the R2K.

My summation signal is neutral for the SPX and down for the R2K.
My composite trend signal is up and holding strong.

My short survived yesterday. Stop was just out of reach.
The right shoulder of the inverse head & shoulders on the R2K chart got broken this morning.
So, maybe this thing has chances. We shall see.
The SPX has gotten clunked this morning too, but after new ATHs and well above local lows.
Things could get interesting if the Tuesday SPX low gets broken.

Cobra -- I forgot what the morning black bar portends -- please explain again. Thanks

SPX 15m.. may pause here

volume surge, biggest red bar, so might see rebound here first which likely would be sold.

SPX 15m other version.... TWTR 45-46 get it now!

Claire wrote:Cobra -- I forgot what the morning black bar portends -- please explain again. Thanks

The morning black bar chart explained already. See annotation on the top left.

SPX 60m.. says still a tad lower...