Cobra's Market View

If you follow cash flow on wsj.com, the last two intraday pushes at the close is where the majority of block selling takes place.

SPY's reaction to this last push is strange. It was following the EUR/USD tick by tick all day and suddenly rocked upwards. Window dressing?

Broken ascending triangle on the S&P and H&S pattern on 5 min EUR/USD. I lean bearish here. I'm looking to go long on after substantial dip.

Intermediate term is a concern for me b/c the volume of insider selling recently has been very high compared to the level of insider buying.

EUR/USD and S&P meeting strong resistance at the same time.

Cobra, do you live in the future?

I would pay good money for a blog post detailing your trade setups and your preferred methodologies.

12x normal volume selling VB small cap ETF. Game over for bulls.

Cramer of all people made a good point yesterday. He said that window dressing does not end on Friday but rather several days before b/c fund managers fear being investigated by the SEC (as if that would ever happen). I would not be surprised to see a selloff to end the week.

I'm thinking sell the news here.

http://online.wsj.com/mdc/public/page/2 ... nav_2_3022

Big time institutional money flow out of, and retail money into, SPY

Not necessarily game over for bears...this could be a temporary spike and sell-off just like the confidence vote.

Wow I'm glad that I'm all cash right now. Not worth the heart attack...lol

Market is mirroring tick by tick the EUR/USD

http://www.fxstreet.com/rates-charts/live-charts/

H&S pattern in EUR/USD

Looking more and more like a reversal day.

Doesn't matter. It all depends on the Greek vote.

Shenanigans in the market during this last hour

I just covered my shorts. Market may rally into the close b/c options max pain is generally much higher than current prices. Looks like the day might turn out just as Cobra said it would...again

Cobra,

Great call today on the open! What is the target range for the third wave down given the big open?

Also, I am very impressed with what you're doing. I would definately pay for a subscription service.

I click ads several times a day. You are a master, Cobra. Get well soon.