Cobra's Market View

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Normally, this push up should have legs (i.e. the very first meaningful pullback usually would be bought).

weekly stock picks are here: http://www.cobrasmarketview.com/2013/12 ... ock-picks/

members only update starts here: http://www.cobrasmarketview.com/2013/12 ... ay-update/

AAPL up 17 points
“Apple announced a deal Sunday to bring the iPhone to China Mobile, the world's largest cellular carrier. The iPhone 5S and iPhone 5C will be available on China Mobile beginning January 17, 2014.”

Can someone explain to me what I'm seeing on the RUT?

short term oppurtunity...i hope

morning hourly black bar.

stlwater wrote:Can someone explain to me what I'm seeing on the RUT?

it is not on IWM and not on TNA

H1, but i think h2 is needed at least.

Long. Friday pulled me in. Capacity to add if prices ever go down again.

My summation signal is up.
My composite trend signal is up.

Some of my setups need a pullback to trigger. It is hard to imagine such a thing the way things have been going.
I am on holiday and don't plan to hang around the board much this week.
Have a great time everyone, and I'll see you in the new year.

One parting thought for reflection. Mr. Market has a history of testing new Fed chairmen.
Usually, it is in the form of some crisis that can be mitigated by some easing or injection of liquidity.
As our new chairperson is already known to be a dove, I wonder if Mr. Market has a different and perhaps more interesting test in store.
Perhaps Mr. Market wants to know if she has the cohones to pull away the punch bowl if the party gets out of hand. Imagine how the market might force her hand!
Just a thought. I don't know what will happen.

Cheers,

Mr.B

Heres an explaination of my method, but its wise to keep in mind ,for trading the ES im only go after very short term scalps!

fEB GOLD UPDATE:

Al_Dente wrote:

stlwater wrote:Can someone explain to me what I'm seeing on the RUT?

it is not on IWM and not on TNA

Reallocation by capitalization

possible higher low, let's see if those dip buyers come in again.

Sentiment giving us another sell signal

http://www.ise.com/market-data/isee-index/

The longer the delay the bigger the drop

i read the rebound as the 2nd test of day high, so key time. 50% chances of reversal.

SPX 60m.. possible resistance near here.. but with holiday volume, and the pro's gone.. could pop up to upper trends...

SPX 5m