Cobra's Market View

From the WTF department
Testing testing one two three ….. just for fun….I wonder what Doctor Copper has to say INTRADAY
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =251625803

But folks, these days when everything on the planet seems to correlate unnaturally high, we could probably put ANYTHING behind spy for a wake-up call, no?

Michigan sentiment due at 9:55. Consensus estimate 68%, prior was 67%

Leading indicators due at 10:00. Consensus estimate 0.3%, prior was 0.9%

Al_Dente wrote:

CognitiveDissonance wrote:a clearer picture

cog: is that renko or straight up candles?

It's Heikin Ashi, but I'm still trying out different varieties to see what works best.

BullBear52x wrote:

GreedyKojiro wrote:Sold all TNA at $45.50 and loaded a small batch of TZA at $26.33 (11 cents shy from 52-week low) on premarket.

I shorted TZA yesterday let see

at what price did you sell?

Al_Dente wrote:From the WTF department
Testing testing one two three ….. just for fun….I wonder what Doctor Copper has to say INTRADAY
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =251625803

But folks, these days when everything on the planet seems to correlate unnaturally high, we could probably put ANYTHING behind spy for a wake-up call, no?

lots of mixed signals in this light volume market.

EUR/USD aka /DX resilience and /GC weakness is most concerning...

but i'm still long...until the market decides it's enough. I think that if /ES can't break above 1245 and sustain itself above it, then i'll downsize my longs. it's been hanging out under 1244/45 since the euro open...it really needs to start making moves.

forming a blue channel? or pink inverse H&S? ... pullback to 1230ish?

OMG where is Cougar?
VIX is 20.73
What were we yakking about yest?

covered TZA, TNX is weaker than usual, something is not right.

I've got a signal at 11 am. I guess (it's a guess) SPX will be at 1255 and then it will show acceleration or it will tank...

CognitiveDissonance wrote:

Al_Dente wrote:

CognitiveDissonance wrote:a clearer picture

cog: is that renko or straight up candles?

It's Heikin Ashi, but I'm still trying out different varieties to see what works best.

i like that heikin, please keep us posted

Almost ready honey?

SPX http://99ercharts.blogspot.com/2011/12/spx_22.html

Where's my bikini?

or maybe just a little higher 1255? or just explode up?

OMG. What a good day for the bulls!

1st red flag iwm very weak

Intraday
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250028427

fehro wrote:or maybe just a little higher 1255? or just explode up?

You've been posting some pretty good charts for awhile now, keep them coming!

This is /ES chart, bulls need to take out my pink ball today, or Bears will take over soon.

johnnywa wrote:1st red flag iwm very weak

I wouldn't call +0.9% weak

Petsamo wrote:

johnnywa wrote:1st red flag iwm very weak

I wouldn't call +0.9% weak

IWM might be lagging marginally, but RSP is leading the strength.

i'm more concerned with /DX and /ZB strength.

equities are up...but so is the dollar and bonds today.