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].

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

Gap down open along yesterday's low, so not sure if the gap will be filled or not.

For now, I read the Global as forming a Bull Flag, therefore still is bullish biased.

members only update starts here: http://www.cobrasmarketview.com/2013/04 ... ay-update/

something for the bears, the DAX is down 1.5% today. Also we are painfully close to "sell in may and go away". Just an FYI.

Pullback to 1540-50 ,then up to 1610-25 eom,and down 8-10% in sell in May???

The beatdown to turn sidewinder until QEinfinity is eased. COT considered here, though I think it to be white noise in today's modern market manipulations vs past hedge use. GLTA today.

Closing shorts in the AM since 8:45 and only have 1/2 my position filled. Busy morning.

Markets down a bit ...

Commodities down across the board and here is oil via USO.

Out of Bounds wrote:Closing shorts in the AM since 8:45 and only have 1/2 my position filled. Busy morning.

Out - neutral

Last two times the fireworks set up occurred before opex?

Sept 2012 and July 2011....

could make for some interesting trading next week...

-D

people may see this as a buy opportunity. let's see.

cobra how do you know this is a buying opportunity? What are you seeing?

Denali92 wrote:Last two times the fireworks set up occurred before opex?

Sept 2012 and July 2011....

could make for some interesting trading next week...

-D

Sell at resistance here, will see, looking at 1577.68

a trade below 1580, it will be a bear day. a support above bull will run hard. /ES proc

BullBear52x wrote:Sell at resistance here, will see, looking at 1577.68

Good Eye Im looking for a test of 77.62 and a failure. Targeting 1563

Short the close yesterday. But also have targets of 1598 if the 88 does not hold it.

Sitting on hands here

I also see Gold at 1519 possibly 1509

flrtrader wrote:

BullBear52x wrote:Sell at resistance here, will see, looking at 1577.68

Good Eye Im looking for a test of 77.62 and a failure. Targeting 1563

Short the close yesterday. But also have targets of 1598 if the 88 does not hold it.

Sitting on hands here

I will not feel good for bears until <1580.04

BullBear52x wrote:Sell at resistance here, will see, looking at 1577.68

I'll see your 1577.36 and raise you a 1551.11.

Cobra please tell us this bear has legs!