Cobra's Market View

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Gap up above yesterday's high so the gap might not be filled.

I see Ascending Triangle breakout on the Global ES, mini target is 1557.49. Cannot see where the 100% target is as of now,

AAPL, Dow Jones, SPY and NFLX Update

BTW, AAPL breaking out in premarket with volume.

members only update starts here: http://www.cobrasmarketview.com/2013/03 ... ay-update/

Morning Take
Bullish for US equities.

Good morning traders

Finally my time has come

DAX older Eurostoxx


SPX Dollar index

DAX is on the way to the 100% C&H target.

Liking the US/JPY and Eur/JPY looking bullish for risk assets today.

the open.

Long.
Shorts were stopped out yesterday for small profit.
Gave the corrective move a chance, but it never got going to its potential, which says something.

Composite trend signal is up.
Summation signal is up.

At this point, I'll leave the longs alone and won't revisit equities until tomorrow's close.
There should be some profit taking and OPEX volatility at some point, but the trend remains up.

ERX
(paging apple: pls post your update chart)

Today could be the exhaustion gap reversal if we close lower, MACD for short term swing still negative and over bought so bears are not totally out just yet, not in a good shape but walking still

I haven't logged a lot of posts since I joined in 2011 since the rally got underway. I've been busy and haven't really hung out here either. Check out my old posts to back-test...

I want to point out something that, so far, nobody seems to be talking about in gold. The chart should speak for itself and I've attached it below. Please let me know how it strikes you. I've attached another chart which should give you that splash of cold water that is so needed right now in both the market and in gold.
P.S. There are far too many cat people around here...

stlwater wrote:I haven't logged a lot of posts since I joined in 2011 since the rally got underway. I've been busy and haven't really hung out here either. Check out my old posts to back-test...

I want to point out something that, so far, nobody seems to be talking about in gold. The chart should speak for itself and I've attached it below. Please let me know how it strikes you. I've attached another chart which should give you that splash of cold water that is so needed right now in both the market and in gold.

gldweekly.png

sentiment_cycles.jpg

P.S. There are far too many cat people around here...

Nice chart and welcome back, ever heard of 3rd time is a charm?

This chart is on top of my worry list
Ratio of SPHB (High Beta) to SPLV (low volatility), a measure of investor's appetite for high risk assets.
Ratio with a declining trend while market makes a new all time high warrants some caution.

stlwater wrote:I haven't logged a lot of posts since I joined in 2011 since the rally got underway. I've been busy and haven't really hung out here either. Check out my old posts to back-test...

I want to point out something that, so far, nobody seems to be talking about in gold. The chart should speak for itself and I've attached it below. Please let me know how it strikes you. I've attached another chart which should give you that splash of cold water that is so needed right now in both the market and in gold.

gldweekly.png

sentiment_cycles.jpg

P.S. There are far too many cat people around here...

Sorry I haven't had my coffee this morning. You are long-term bullish on gold right?

stlwater wrote:I haven't logged a lot of posts since I joined in 2011 since the rally got underway. I've been busy and haven't really hung out here either. Check out my old posts to back-test...

I want to point out something that, so far, nobody seems to be talking about in gold. The chart should speak for itself and I've attached it below. Please let me know how it strikes you. I've attached another chart which should give you that splash of cold water that is so needed right now in both the market and in gold.

gldweekly.png

sentiment_cycles.jpg

P.S. There are far too many cat people around here...

Out of criosity, who are the nations that you are refereing to as stockpiling gold?

BullBear52x wrote:

stlwater wrote:I haven't logged a lot of posts since I joined in 2011 since the rally got underway. I've been busy and haven't really hung out here either. Check out my old posts to back-test...

I want to point out something that, so far, nobody seems to be talking about in gold. The chart should speak for itself and I've attached it below. Please let me know how it strikes you. I've attached another chart which should give you that splash of cold water that is so needed right now in both the market and in gold.

gldweekly.png

sentiment_cycles.jpg

P.S. There are far too many cat people around here...

Nice chart and welcome back, ever heard of 3rd time is a charm?

I have, but I still have the fundamentals to comfort me. Also, it's low risk/reward ratio taking a position here. A bounce at minimum (or a few)... I've been wrong before