Cobra's Market View

Begin with Algo from StockTiming.

Algo really is overbought, so a pullback is due. However since there's no negative divergence yet, so the pullback next week will be shallow and bought and there'll be a new high and then if Algo cannot make a new high then a real pullback is then due. So in short, at least there's still new high ahead.

Institutional buying and selling from stocktiming shows institutional accumulation down a little bit and distribution up a little bit, but no real threat to bulls yet.

Smart money still 2nd record short.

II and AAII. II still mostly bullish.

Cobra;

I remember couple of weeks you mentioned starting a separate thread for longterm equity/etf opportunities; Can you start from this week?

Summary of the week's stock picks. good week, cannot believe not many people interested. It's just a simple buy stop.
viewtopic.php?f=10&t=917&p=130902#p130902

tkvprasad wrote:Cobra;

I remember couple of weeks you mentioned starting a separate thread for longterm equity/etf opportunities; Can you start from this week?

Sure, what's the forum name you'd like to have?

Stock picks for the next week: viewtopic.php?f=10&t=924&p=130905#p130905

This market is crazy, pullbacks are very shallow

Cobra do u still utilize the RSI(2) method

BlackThought wrote:Cobra do u still utilize the RSI(2) method

Yes. but only use RSI(2) buy dip.

Cobra wrote:Summary of the week's stock picks. good week, cannot believe not many people interested. It's just a simple buy stop.
viewtopic.php?f=10&t=917&p=130902#p130902

I think they are fantastic. 25 stocks for this week is quite a few though, hard to wait with a buy stop on all of them? My account size might not be large enough for that

Wish there was a way to do buy stops through options.

Check out this long term SPX numerical, suggests that SPX came to a halt at a pivot. I'm not expecting a huge sell-off on Monday, SPX might linger in the 1645/1660 area and wait for Bernanke's speech next Wednesday 10:00 a.m.

A sample trading strategy for my weekly stock picks: viewtopic.php?f=10&t=924&p=130912#p130912

vikasrao wrote:

Cobra wrote:Summary of the week's stock picks. good week, cannot believe not many people interested. It's just a simple buy stop.
viewtopic.php?f=10&t=917&p=130902#p130902

I think they are fantastic. 25 stocks for this week is quite a few though, hard to wait with a buy stop on all of them? My account size might not be large enough for that

Wish there was a way to do buy stops through options.

It's intentional. Explained here in the last paragraph. Select many candidates can help prevent too many buy stops are placed on the same stock. viewtopic.php?f=10&t=924&p=130912#p130912

uempel wrote:Check out this long term SPX numerical, suggests that SPX came to a halt at a pivot. I'm not expecting a huge sell-off on Monday, SPX might linger in the 1645/1660 area and wait for Bernanke's speech next Wednesday 10:00 a.m.

The attachment Pivot1667.png is no longer available

To confirm the findings on the numerical I checked out the significance of SPX 1667 on the log chart - looks good

uempel wrote:

uempel wrote:Check out this long term SPX numerical, suggests that SPX came to a halt at a pivot. I'm not expecting a huge sell-off on Monday, SPX might linger in the 1645/1660 area and wait for Bernanke's speech next Wednesday 10:00 a.m.

The attachment Pivot1667.png is no longer available

To confirm the findings on the numerical I checked out the significance of SPX 1667 on the log chart - looks good

The attachment Pivot 1667Log.png is no longer available

Another view

Hello Investors

"Rimm" is back on my radar, bigger move is coming soon....up or down not important wait for the breakout...easy

O: viewtopic.php?f=2&t=809&p=115555#p115555

I personally prefer up, looks Cup&Handlish to me
Thanks Cobra, GDOT's setup looks good, daily/weekly chart is terrible but a scalp above 61.8 for at least 19.90 is very possible
Here is another one for scalpers, looks flaggish and potential neckline backtest could be good entry point with strong support so nice R/R there imo

uempel wrote:

uempel wrote:Check out this long term SPX numerical, suggests that SPX came to a halt at a pivot. I'm not expecting a huge sell-off on Monday, SPX might linger in the 1645/1660 area and wait for Bernanke's speech next Wednesday 10:00 a.m.

The attachment Pivot1667.png is no longer available

To confirm the findings on the numerical I checked out the significance of SPX 1667 on the log chart - looks good

The attachment Pivot 1667Log.png is no longer available

Thanks uempel nice chart, I went evil on fridays close too but elsewhere I like the R/R

FTSE : Target was +- reached at the close and it's the only short I have atm: viewtopic.php?f=2&t=920&p=130629#p130629

FTSE monthly = so far bullish, consolidation before big breakout would be healthy tho R2K: I took the profit on friday, 100%MM is slightly higher...so why I took the profit? Because I don't like weekly close outside of BB - it can mean something or not...we will see but R/R is not good here for me

O: viewtopic.php?f=2&t=919&p=130474#p130474
SPX-BB laters

Broad generalization and oversimplification:
Chasing hi-beta stocks is bull-spy (until it gets too frothy and overheated)
Chasing dividend-paying stocks is bear-spy (until it gets too over-extended and reverts)
(see bottom two panels) Top panel:
Ratio of aggressive-to-defensive stocks:
At this point, this ratio should have broken out to a new high, instead of approaching a double top…
(if you look at it on the weekly, not on this chart, it is nearing a long-term-triple top)

Bottom panel:
Ratio of cyclical-to-consumer sectors
At this point in the economic cycle, the “experts” contend that the cyclicals should be stronger….. they are really trying to catch up….