Cobra's Market View

Any one else shorting the nice downward trend line on XLE? Seems the stocks aren't following oil prices down with the same velocity. Seems weird as the earnings are going to be extra bad for energy companies this first quarter. 10 day % straight no juice some sectors plus junk bonds (lime dots) Oil ...

JPM came out and said SPY too 1710 in 2013. THis is the highest analyst prediction of the major brokerages and banks in the US. So time to stampede into the SPY we've got 2-3 percent left in the 2013 bull market.

TINA- there is no alternative TOO US STOCKS

Margin debt hitting records. Thank you fed reserve for rigging this leveraged market. Will it have a bad outcome?
http://advisorperspectives.com/dshort/g ... Update.php

Consumer confidence came out above expectations at 10 am.

Gold just got punched in the face. Any reasons besides technical reasons?

no right shoulder on the spy here and the bears are dead (1581 on spy is very important to hold). BTFD lives forever and were never going down.

Couple bearish indicators. Money managers are overly bullish so less chance of breakout.
http://online.barrons.com/article/SB500 ... rticle%3D1

SPY potential left shoulder developing on SPY chart

Last time flash crash occurred the market went lower then the flash crash 3 months later. Is this a sign to come about the stability of this rally?

Some guys in this forum are very opinonated in regard to Fed policy, gold, US-economy, Cyprus... Great to have an opinion, but if would be even better if these guys had done a bit more reasearch on the issues they are talking about. Superficial knowledge and ignorance doesn't help us much in life, ...

Yup. I agree. I think this is a commodity issue that the gov't and central bankers are looking to kill the commodity bull. THis way they can have suppressed prices for commodites for many years so that they can keep corporate profits higher. In my oppinion this was part of reducing the limits at COM...

"It's not Cyprus. It's global slowdown. Oil, Copper, Silver and Gold are all down." Out of Bounds If this was the case then you would see large cap. global blue chips in the US way down. US dollar is up which is bad for large international companies and slow down in global econoomy. Which ...

For long term investors one of the most dangerous times to invest. Ok guys time to buy some johnson and johnson at 22 times PE and P&G at 22 times earning. NOthing like a cheap market to grab some blue chip stocks at cheap prices. THis market is going to have one massive correction this summer. ...

No one scared about the data for tomorrow?
Producer Price Index
8:30 AM ET


Retail Sales
8:30 AM ET


Consumer Sentiment
9:55 AM ET


Business Inventories
10:00 AM ET

Ben Bernanke Speaks
12:30 PM ET

thanks

I do but don't know how attach freestockcharts on to the forum. I tried there. Couple things that stand out as short term bottom. VOlume this week was blow off bottom. Last two days 70 million shares traded hands one third of float. Every other bottom has had weekly hammer with skinny wick. RSI thir...

GDX looking like a bottom download/file.php?mode=view&id=42107&si ... df900797ae a bottom

#1 on selling on strength SPY

http://online.wsj.com/mdc/public/page/2 ... yflow.html

TG: At this pace GDX will reach the trendline by Friday :o Hi ClarkW, I agree with you that at this pace it will smash through it by Friday. My thoughts are that GLD is getting closer to bottoming around 1500-1525 support zone. At this time GDX should lead the charge higher. This will be the swing ...

Except for GDX it only goes down!!