Cobra's Market View

my guess.

Harapa wrote:Happy Trading

The attachment spy aadvt.png is no longer available

In this hourly rendition, only NYSE AD (Issue and volume) is lagging.

rebound as expected. first score.

We MAYBE here.

Domtar (UFS) anyone

All 50 day's regained.. and in VIX case .. lost

Darnit.

Junoon123 wrote:Guys does anyone of you think that 9/11 today will be a top and maybe we'll see a bottom at the feds meeting?
Thanks

I've Given up thinking. - licking red wounds

Here's something that might relate.

SPX 60m

HLF
Bull flag setup but weak one looks like it will continue its southbound instead of a breakout

we're here. since it's a renewed strength, so forget about the last dashed arrow. need a new plan.

MrMiyagi wrote:

Mr. T wrote:"We're never going down again!!!!"

Sure feels that way Mr T!
I have not had any pBars for a few days now, is it a HFT holiday or something?

P-Bar to SPX 18,000!!!!

It's a "Bennie Bar"

BullBear52x wrote:HLF
Bull flag setup but weak one looks like it will continue its southbound instead of a breakout

It is a buy.

$TLT: Double Bottom ?

Harapa wrote:

BullBear52x wrote:HLF
Bull flag setup but weak one looks like it will continue its southbound instead of a breakout

It is a buy.

HLF is a Ackman-Icahn battleground. I do think that it looks (feels, smells) like a pyramid scheme though!

On the DOW it seems the right shoulder is being formed !

MrMiyagi wrote:

Harapa wrote:

BullBear52x wrote:HLF
Bull flag setup but weak one looks like it will continue its southbound instead of a breakout

It is a buy.

HLF is a Ackman-Icahn battleground. I do think that it looks (feels, smells) like a pyramid scheme though!

Thanks for the info. For things like this my goal is 3-5%.

Harapa wrote:Thanks for the info. For things like this my goal is 3-5%.

I had written November puts twice, closed the last one today, both nicely profitable.

My /GC chart. Levels I'm looking at are:

Red price levels #1 would represent a larger H/S pattern, while yellow price levels #2 a slightly smaller one. I purchased at the 200MA in the 4-hour TF as that is the first level of support. Presently we have a POSSIBLE H/S reversal pattern in play intra-day. If that fails then I'm looking at #2 and #1 respectively. A bounce off the 200MA (where we are now) would argue that we are in pattern #2.... The yellow horizontal bars represent equal time (take it for what it's worth). Look at the FED meeting and debt issues in congress to coincide with turning points and plan accordingly...

We could also get a pop HERE allowing the MACD Hist to cycle to positive before turning back down to hit either #1,#2 and forming the necessary divergence to make the trade at a RS more probable... Tighten stops to break even on any strength off this 200MA (4hour) would be a good idea in any case. This is NOT a recommendation to buy or sell (observations only).

GLTA

CORN: Breakout