Cobra's Market View

PUT/CALL w/SPY fwiw

5min
Bottom panel is QQQ
That’s WEAK

Crap I was about to short on my own signal the bottom fell out before I could order.

SPX nears support and the 20w SMA 2151ish

Al_Dente, your system with moving averages of Bullish Percentages will soon be on a buy - only INDU is not playing along Is it a prerequisite that all 3 indcators (SPX, NYA and INDU) are on a buy? Thanks

maybe pullback has small legs?

uempel wrote:Al_Dente, your system with moving averages of Bullish Percentages will soon be on a buy - only INDU is not playing along
Is it a prerequisite that all 3 indcators (SPX, NYA and INDU) are on a buy? NO Thanks

Hi Boss that’s my least favorite indicator these days
My best is anything VIX
Here’s my BP on the daily

fehro wrote:

fehro wrote:SPX filling gaps.. mind the morning gap

morning gap almost filled.. mind 20w 1253ish.. if we drift down lower

20w SMA holds 2151.83 .. and channel.. 5m.. so far

Update:

First test of highs on IWM and SPY failed; they will try again
Those up angles are a bit too steep….. needed to fan out...
QQQ is falling to the bottom line of the box
Dip buyers need to come in and Make QQQ Great Again
Two hour chart

Thanks Al_Dente

zh has an aggregate symbol to see all the FANGs using one symbol
DOES ANYONE HAVE SUCH SYMBOL in stockcharts?

uempel wrote:Bullish Percentages shooting to the sky:

http://stockcharts.com/freecharts/candl ... ,$BPFINA|B|

uempel wrote:Should Bullish Percentages keep on moving up today an SPX good-bye kiss at 2135/50 might be a good swing long on SPY or ES (no guarantee that there will be a kiss...)

The attachment sss.png is no longer available

Looks as though SPX kissed the channel at 2151.17 ...

uempel wrote:Thanks Al_Dente

'U 'da man boss
As you well know, BP only gives us % participation. When many stocks are not participating in the love fest, it can be a frustrating measure for me.
We’ve seen it so many times before: weak participation, zoom upward nonetheless, then BPs catch up...

double bottom?

Trump/Pence are at the White House for Transition Process
I don’t think there will be a press conference
We’ll just have to check his tweets to see if he goes vile again or if he can start acting presidential

READ the legendary DRUCKENMILLER:
[Spoiler alert: he’s long equities, out of gold, short all bonds]
http://www.zerohedge.com/news/2016-11-1 ... t-election

SPX possible bear flag.. minor H&S 5m but still in channel.. holding 20w SMA

"No dream is too big, no challenge is too great. Nothing we want for our future is beyond our reach." -D Trump

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