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].

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

Kind of Ascending Triangle or Pennant, so bias is up.

members only update starts here: http://www.cobrasmarketview.com/2015/10 ... ay-update/

SPX mind the open gaps, 20d 1957ish for a retest, 20w 2041 to the upside
VIX still in a bullish falling wedge.. mind a break of the downtrend
/ES 30m.. nice H&S neckline 1998.. holds a higher low "RS" target 1983

Let's see:

Long SPY 201.20

uempel wrote:Let's see:

The attachment kj.png is no longer available

Out of Bounds wrote:Long SPY 201.20

Yeah, at the moment the move down is kind of jammed.

QQQ p-bars at $106.83 met

Unfulfilled QQQ at $106.95 next target ?

OoB:

I guess the market is waiting for some kind of signal from Washington, Oil, Brussels, Moscow, Syria or whatever. I'm in wait and see mode

The DAX is blocked too, same story as SPX ...

Weakening… a tad.. VIX pressing downtrend.. AAPL HOD stopped at 50d/20d convergence.. 112.73/112.55. dabble small short here. Add with /ES break of 1998

If SPX manages to break daily MA 377 by the close today and stay up for the whole week the bulls might party up to SPX 2060ish ...

TLT green, strongish.. RUT/COMPQ testing 50d, kinda slipping.. time will tell

Breadths are OK, not great but I don't see a reason to worry about my long (except that it is down). Holding.

Out of Bounds wrote:Breadths are OK, not great but I don't see a reason to worry about my long (except that it is down). Holding.

Glad you are back! Where have you been?

TRIN a tad hot... >2

Mrs. OOB and I have been busy (minor fire in a house and renovating another). Plus I bought BBRY and have been busy as heel trading in and out of it to recoup losses - stupid strategy, I know.

I've been lurking but unwilling to enter into any real conversation because I can't always stay to continue it.

BUT I HAVE BEEN WATCHING YOU ALL!

QQQ heaviest-weighted single stocks (these represent 38% of total holdings):
AAPL 13%
GOOG and GOOGL together 8.2%
MSFT 7.3%
AMZN 5%
FB 4.2%

Inside QQQ is this sector breakdown (90% of total holdings):
Tech 54%
Consumer Cyclical 14%
Healthcare 14%
Consumer Defensives 8%

So the weakness in AAPL and IBB is weighing heavy on QQQ
Nonetheless QQQ is attempting to breakout here at double/triple top, and is struggling at the moment…
latest view of the new apple campus:
https://www.youtube.com/watch?v=uj5zSun ... eD68f9s14-

Out of Bounds wrote:...BUT I HAVE BEEN WATCHING YOU ALL!

gald 2 c u back again boss