Cobra's Market View

Breadth WSJ TSM Block Money Flow : Bullish trend NYSE Cumulative AD line : Bullish trend NYSE Cumulative Volume : Bullish trend Market Analysis "Market Analysis: earnings season has been better than expected. According to Zacks, with most of the S&P 500 companies reporting, revenues are do...

Breadth is non-stop
July block money flow is +41B
WSJ Block Money flow is trending up

Econ report: This report is really about an investment slowdown. Household spending, which accounts for 70% of US growth, was strong and rebounded from a weak 1Q : All three categories of spending -- durable goods, non-durable goods and services -- increased at their strongest Q/Q pace in 4 quarters...

I can do even better than that.... SPX 3665! :shock: http://paststat.com/blog/costas-minimal-surface-and-its-applicability-for-spx-year-end-projection/ (not my work, just posting for the sheer insanity of it...) What-if the past year was a basing pattern? Wyckoff calculates a break-out target by us...

What-if the past year was a basing pattern?

Wyckoff calculates a break-out target by using PnF...>> ~3200

Breadth Indicators still positive.

Cumulative NYAD: positive

WSJ TSM Block Money Flow: positive block money flow

Wall Street Examiner "Negative rates in Europe and Japan and a growing maelstrom in Europe continue to drive foreign capital to the US. This has put the US bond market in a position to break out and possibly drive yields even lower. It has also driven a recurring bid for US stocks that shows up...

WSJ TSM Block Money Flow: From bullish to questionable
Lst week flow:
M: +1191
T: -2779
W: -553
TH: -1280
F: -3649

More bullish signals

Cobra wrote:

pezhead9000 wrote:WSJ TSM Block Money flow is trending up

Very bullish?

Yes - It would appear that way in the near term.

Longer-term, not so sure. Attached TSM Block money flow since 2010 & SPX with PE.

WSJ TSM Block Money flow is trending up

Tech is worrisome. AD Line is very weak.

SnP500 Tick trend is positive

WSJ TSM Block MF - crosses over 20d SMA.

Tuesday's flow +10B

WSJ TSM Block Money Flow w/ 20d SMA: Trending down

SnP500 Composite Up - Down volume: 20d SMA still above 0 (barely)

SnP500 Composite tick: 20d SMA still above 0 (barely)

Earnings & SPX
http://realinvestmentadvice.com/still-l ... -04-29-16/

Economic Report: "Real gross domestic product -- the value of the goods and services produced by the nation’s economy less the value of the goods and services used up in production, adjusted for price changes -- increased at an annual rate of 0.5 percent in the first quarter of 2016, according ...

WSJ TSM Block Sales data
Cumulative graph: crossing under the 20d SMA
20d SMA w/0 line graph: 20d SMA going negative