Cobra's Market View

Possible higher low so the low might be in for today.

If you are a bull like me you will like what you see so far. Haha

If market closed above 61.8% of my intraday chart, it will be a bullish piercing candle.
bullish reversal case is strong if so.

Goldman via zh reports that Hedge Funds got smacked
https://www.zerohedge.com/markets/hedge ... ing-it-all
YOU CAN TRACK HEDGE FUNDS USING SYMBOL GVIP ... ouch

GS: aggressive deleveraging
confirmed by BAC
While retail stock purchases rose to a new record on Tuesday of $2.2 billion
"In other words, retail investors were busy bidding up everything hedge funds had to sell."

ES five minutes. Pushing at the resistance level. Second test.

AAPL made an ATH yesterday
then puked

Cash SPX swing sell setup, there's still more room before we are entering sell the rip zone. bulls are good to push it up to that in one day, the day still young.

Apple forward guidance not so hot. With computers they are a niche player where price is not a big deal. With phones it is a different story.

Al_Dente wrote:AAPL made an ATH yesterday
then puked

Anyone buy a chart like this I don't feel bad if they loss money, they deserved a spanking.

Finally into yesterday's value area. Clearly need to hold 4,600 so seasonal bullish pattern can resume.

Tick and Trin tell the story today.

Dow leaders.

I am start my sell, if bears were to be success we should see 4562 from top here.

UBS. From a list of "value" stocks I keep, and scanned once again for a new high in the last few days. Finding support at the EMA levels. Not a recommendation. I do not hold any of this stock, but will monitor it in the next few days. Just sharing information with Cobra's Crew here.

Back later ...

The pullback for now looks like a bull flag so could be another (3rd) push up then we'll see if it's a 3 push up or not.

JFR wrote:UBS. From a list of "value" stocks I keep, and scanned once again for a new high in the last few days. Finding support at the EMA levels. Not a recommendation. I do not hold any of this stock, but will monitor it in the next few days. Just sharing information with Cobra's Crew here.

Back later ...

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Team snakeville! hope it will benefit someone. Go Snakeville!

Bears need to see below 38.2%

Breakout is more likely.