Cobra's Market View

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Bear Flag?

members only update starts here: http://www.cobrasmarketview.com/2014/08 ... ay-update/

With one more push up in the flag?

http://blog.yardeni.com/ From Dr. Ed's blog. (Market don't care this a.m.) Vote Cobra. glta

out of synch big time, another volatile day. nothing align as far as indicators go.

BullBear52x wrote:out of synch big time, another volatile day. nothing align as far as indicators go.

Are those charts reflecting the EXACT same time? If so I see what you mean by out of synch......

IWM 5 minute.

Stuck between 20 EMA (red) and uempel's line (purple).

L_T wrote:

BullBear52x wrote:out of synch big time, another volatile day. nothing align as far as indicators go.

Are those charts reflecting the EXACT same time? If so I see what you mean by out of synch......

yes, but no after market data on cash SPX. just my personal reason not to include them.

Brutal silver smackdown this morning.Don't know if inverted fractals mean anything, but...there it is.

While the broader market has been weak certain charts have stayed strong. Check INTC, WDC, EMC, X, STLD, HPQ, BRCM. I'm sure there are others but I can only follow so many.

SPX 5m.. bottom of flag..

L_T, Look at CENX.

merryme wrote:L_T, Look at CENX.

Mmmm aluminum like AA. Definitely strong.

/ES >1925.75 is key number for bulls to make it out.

Short. Starter position. Sell price was hit late yesterday.
Could have been bigger but I was golfing when the execution hit...

My summation signal is down but flirting with neutral in the R2K.
My composite trend signal is down.

If the rally continues, I may profit stop and try to reload position higher or just hold.
If we get higher highs above yesterday, I'll add to position provided technicals don't show all out reversal. No clue if they'll come.
Perhaps the low is in, which would turn this campaign into a loser. I haven't a clue as usual.
However, at the moment, I have the trend as down.

vol surge, may see pullback here first but this rebound may have legs.

INDEX dailies... UUP strong

I have observed that when NYMO spends more than two days in oversold territory as it has now,
a pattern of making a lower price low later with a positive NYMO divergence is more common than a V price bottom.

Mr. Market can obviously do whatever he wants. The recent bull move was not common...

I have not fixed my cycle chart for recent action other than to note a bull trap and provide some directional arrows on likely future edits.

Given the strength of the recent decline, tagging the lower Keltner band should be in the realm of possibility assuming the down trend continues.
There is some resistance above that could prove salient assuming the current moves are corrective.
Target circles are on the chart. These are not predictions, just possibilities. I don't know what will happen.

If the trend ends... nevermind.