Cobra's Market View

The institutional buying and selling chart (courtesy of stocktiming) shows a little more distribution than accumulation, that might be helping on bear case, because technically we're in range, but you can see from the chart that even when rebounds from range low to range high, the distribution is mostly larger than accumulation, so the chart I read as bearish biased.

summary of the week's stock picks.
viewtopic.php?f=10&t=1560&p=182951#p182951

Have a good weekend everyone, I'll be super annoyed hearing nothing but Superbowl crap (nah.. not a sports fan..)

Candles Monthly/Weekly/Daily

T2 /Yields

Industry Indexes % Weekly

another Yield chart fwiw.. longer term.. 5/10/30.. all I can plot on TC2000.. anyhow… bottom charts same scale. 30yr … new multi-year lows… lower than 2008 spike lows.

fehro wrote:Industry Indexes % Weekly

Seems a lot of red on those boards… below Industry Indexes in no particular order.. with less <10/20/50/200 etc..

preview of the next week's stock picks.
viewtopic.php?f=10&t=1567

Someone posted this relationship a while back. USB:SPX

This chart is screaming to get long. Either that, or something really bad is about to happen. An implosion of great magnitude. I'm building longs for the bullish case.

http://stockcharts.com/h-sc/ui?s=$USB:$ ... 2937292665

Copy pasting from what I posted on cobrasmarketview:

Here's the daily/weekly/monthly SPY charts. Easy money bears? Yeah.

Daily candles show Jan 28 large bear close on lows, Jan 29 was stick save at support, today bear engulfing continuation. Thus, Monday/Tuesday high probability of red/breakdown.
This is even more apparent on the Weekly SPY chart, bear engulfing week. Continuation next week bears or bust.
Gallery link: http://imgur.com/a/VAhDS

In addition to what was posted previously.
It's important to note that for those unprepared this time if 200DMA breaks convincingly on the daily scale then the momentum for weekly and monthly scale hinders significantly. It would open up a bloodbath for short/intermediate-term bulls(this is 7th year bull market already). Eh, more volatility the better - easier to make money.

Chart album: http://imgur.com/a/fYo4S

JTrader wrote:Someone posted this relationship a while back. USB:SPX
This chart is screaming to get long. Either that, or something really bad is about to happen. An implosion of great magnitude. I'm building longs for the bullish case.
http://stockcharts.com/h-sc/ui?s=$USB:$ ... 2937292665

very interesting… couple different looks on another chart longer time frames... $USB:$SPX vs $SPX.. log scale, and arithmetic… and same deal with GOLD/USD/WTIC/FED RATES… Arithmetic top / log scale bottom..

seems the curve up in the pink area is a little concerning… more noticeable top chart bottom panel.. log scale.

love the fact that bears are looking for a SELL off or CRASH here.

Do not be surprised if we see them get hung out to dry in FEB, just a guess.

So, crash on monday?

It sure seems like it.

The powerful close at the lows says to expect more down. More down will push past resistance at the lower bb and open the floodgates. Right at monday's open.

It seems all bloggers are expecting the trading range to break down, and a correction to ensue. The fact that so many people are expecting it simply makes me wonder if Mr. Market might have tricks up his sleeve.

We are screwed guys... just saw this on my FB:

DellGriffith wrote:So, crash on monday?

It sure seems like it.

The powerful close at the lows says to expect more down. More down will push past resistance at the lower bb and open the floodgates. Right at monday's open.

Del ,gap down to 1973 bounce from there then test around 1900?

added 5 waves down ABCDE. Basically that is the bull case. That we now have ABCDE and the drop on monday will be the capitulation low, followed immediately by a roaring rally.

brucekeller wrote:We are screwed guys... just saw this on my FB:

Being a trader is a lot like being an Air Force test pilot. There are moves to make that are highly profitable, but most people avoid them because they require a strong constitution to prevent vomiting.