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: http://stockcharts.com/public/1684859. 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: http://stockcharts.com/public/1684859, thanks!

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 newsletter services. Thanks.


Small gap down, within Friday's range, so the gap might be filled. Usually after a big range day, the next trading day tends to be a small range day. Just I hope today won't be too boring.

Global ES looks like a Bull Flag to me, so the bias is on the upside FOR NOW.

interesting...quiet morning...

gm cobra - hope you had a good weekend.

the open.

jarbo456 wrote:interesting...quiet morning...

gm cobra - hope you had a good weekend.

Thanks.

Now every morning is quiet.

GM,COBRA~

jynmax wrote:GM,COBRA~

good morning.

support. not a good start, this pullback should be 2 legged, NORMALLY.

Lol I'm an f* idiot, I accidentally posted in the weekend thread instead of here..

Unique wrote:AAPL is 10 bucks away from my 619 target from last week...looks like a nice week

I think if today holds my IHS neckline 603-604, we got a good chance of an afternoon blast off today after 1PM

Unique wrote:Lol I'm an f* idiot, I accidentally posted in the weekend thread instead of here..

Unique wrote:AAPL is 10 bucks away from my 619 target from last week...looks like a nice week

I think if today holds my IHS neckline 603-604, we got a good chance of an afternoon blast off today after 1PM

I saw quite a few other posts there. This should explain why we had an unusually quiet morning.

Have never seen it this quiet Cobra. Is everything good with your system technically?

Here is our bounce looking for next leg down to 1347 to long

Short.
Put on 1/3 position after opening spike Friday. Took it up to 1/2 at the close.
I think the trade is early (if not a loser) but the signal comes when it comes.
I may day trade the position between 1/3 and 1/2 opportunistically to try and manage this a bit.
Another push up into opex will squeeze this potentially into its stop. We shall see.
Friday's action did improve the technical picture in a lot of ways. So, this trade could get whipsawed and close red.

Interestingly, it looks like I'll get a second sell signal sometime this week (based on McClellan Summation index changes and time).
So, I may be inclined to go to a full position with good prices at new highs above Fridays high.

I have no idea what the outcome will be here, but I have technical support for a turn south probably within the next 7 trade days. The questions are how high is the high and will the dice come up craps...

Nice v-shaped recovery

Bears coming strong, but no new LOD on SPY bulls got another day to kick back.

Ok now lets go all the way and do a "W"

now the bias is up. I hope I could be right this time.

Friday's high (red line) could be the initial target.

Cobra wrote:now the bias is up. I hope I could be right this time.

Possible target?

plan is still valid (new high underway)

Someone is lying, see TLT????double top or break out?