Cobra's Market View

qtipped wrote:ok, took one for the team....out of all....

nooooo...lol i just switched sides.

this market wants to fill the gap. EUR is leading this.

do we care about /ES 200 Day MA, or just $SPX 200 Day MA?

Bulls: u got yr squeeze in PG…AA…JNJ…DIS…XOM and more
U got your breakout here, and u now have one dow stock green (out of 30), and a hella wimpy tick at the moment
And u got nydec under 2000 first time all day
what more do you want….. blood?
http://stockcharts.com/h-sc/ui?s=$NYDEC ... listNum=15

jarbo456 wrote:

qtipped wrote:ok, took one for the team....out of all....

nooooo...lol i just switched sides.

this market wants to fill the gap. EUR is leading this.

now it's gonna roll over at spx 1251.

Today is weekly options expiration... Ive noticed over the past couple of months that Fridays tend to trade in a range during the day as a result. I doubt we break above or below the highs and lows made in the first 1.5 hours. My bet is we stay between 1240 and 1254 on the S&P.

last chart This EURUSD longer term view, not bullish at all, it is what it is daytrade may cause health hazard and here give my yellow line a respect.

To all those bears out there, check this chart. Look at the green trendlines/grid. Behaviour of SPX since October is different than in the previous instances, when a break of green was a sure sign of further declines. But this ain't the main reason for my bullishness - medium term momentum is still looking strong and is pointing upwards.

As to the next two weeks: If market does not improve and keeps on hanging around in the trading range 1215/1275, momentum will lose strength...

Guys, have a great weekend, I'm off.

MA200 as resistance.

plus volume surge, so could be a pullback of some kind here, then we'll see, the bias now shifts to bull.

Cobra wrote:MA200 as resistance.

Love your updates, Cobra! I consistently look for them. Bears still have hope, yes?

seekingknowledge wrote:

Cobra wrote:MA200 as resistance.

Love your updates, Cobra! I consistently look for them. Bears still have hope, yes?

Ignore my email, Cobra. It was posted after your last chart.

Cobra wrote:MA200 as resistance.

Hi Cobra. It seems bulls just can tackle every resistance or reverse every bear pattern. Are you still bearish biased now?

SPX
http://99ercharts.blogspot.com/2011/11/spx_8702.html

Patience pays.

Always.

Yesterday I said 1300 region was in play, I still see it, bull is quite strong even though I don't see where this optimism comes from. I think it is more governments pumping money into markets than mom&pop sinking their life savings.

seekingknowledge wrote:

jarbo456 wrote:ri-fucking-diculous.

bearish flag...breaks to the upside of course. cuz that makes sense.

done for the day.

have a good one fellas.

*&###@@!!! Those are all very bad swear words, just not spelled out. I echo your sentiment 100% jarbo456. Da boys are mean sons of a gun. Note: Replace sons of a gun with very bad words. I am now in the red from what should have been a perfect trade. *&##@@@!

That was a perfect short setup, it just got busted by the buy robots. Ah, you gotta love those bots. Not!!!!!!!!!!! Now we are in whipsawville, fun!!!!!!!!

Cobra wrote:MA200 as resistance.

Cobra, unless my system is screw, isnt the SPY MA200 at 127.48? I'm looking at Daily Chart -- simple moving average 200.

Still bearish -- did not break flag channel.

trader0303 wrote:

Cobra wrote:MA200 as resistance.

Cobra, unless my system is screw, isnt the SPY MA200 at 127.48? I'm looking at Daily Chart -- simple moving average 200.

cobra looking at ema

tdo722 wrote:

trader0303 wrote:

Cobra wrote:MA200 as resistance.

Cobra, unless my system is screw, isnt the SPY MA200 at 127.48? I'm looking at Daily Chart -- simple moving average 200.

cobra looking at ema

Okay thanks

Cobra wrote:plus volume surge, so could be a pullback of some kind here, then we'll see, the bias now shifts to bull.

A pullback to 1243 on ES would make an objective long intraday trade.