Cobra's Market View

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].

========================================================================================================================================================================

Head and Shoulders Top? As usual, I'm not sure about any bear patterns...

Weekly stock picks are here: http://www.cobrasmarketview.com/2014/07 ... ock-picks/

members only update starts here: http://www.cobrasmarketview.com/2014/07 ... ay-update/

GM all!

My system says this month's high is behind us, i closed my long position friday after the close and opened a short position as friday could have been the second chance (lower high). We'll see what will unfold this week, we might get a correction today and tommorrow and probably higher than usual volatility wednesday, thursday and friday with lower bias for wednesday and friday and thursday the week's high.

Vote Cobra. gltaWe will see.

SPX 15m .. trip back to the bottom of the triangle?.. mind the open gaps...

5 minute.

morning hourly hollow red.

Short. Closed and reloaded Friday.

My summation signal is down. It didn't flinch with Friday's action.
My composite trend signal held neutral but is in flux. New highs could turn it back up. New lows could turn it down.

I want to own trends, but that is not what Mr. Market is delivering. Chop is on the menu.
I have been eating short on a tight leash. Twice loaded. Twice closed on a rally for some $ and now twice reloaded higher.
My signals have a bearish bias but the summation signal suggests a low may be near, which seems funny so close to all time highs.
I guess I'll stick to the same tactics, but I have been lucky and that usually doesn't last. Unless things break down I don't expect much for this campaign.

5 minute.

SPX 15m... possible wedge.. if it holds here.. and does a proper test of the upper triangle.. as the market waits for it's juice?

Was worried I would see the dreaded double arrows to stop the drop.
Not yet!

INDEX dailies

07 20 14 - Macro Analytics - TAR PIT That is FINANCIAL REPRESSION w/ John Rubino

https://www.youtube.com/watch?v=QRfYtsDPcgs

Odd lot block trade reading suggests a market turning point around 12:00 EST

Out of Bounds wrote:Was worried I would see the dreaded double arrows to stop the drop.
Not yet!

as per your link yesterday.... just by chance on another board.. this link was offered... check this 24hr market clock!!!

http://market24hclock.com/24inch.html

fehro wrote:

Out of Bounds wrote:Was worried I would see the dreaded double arrows to stop the drop.
Not yet!

as per your link yesterday.... just by chance on another board.. this link was offered... check this 24hr market clock!!!

http://market24hclock.com/24inch.html

I like that one.

possible double bottom. break blue line to confirm.

Damn those arrows.