Cobra's Market View

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double top and lower high, so bears might have chances, say 51%.

members only update starts here: http://www.cobrasmarketview.com/2017/07 ... ay-update/

5min bar sectors:
Top of intraday range/hod: SMH, QQQ, IBB, GLD
Bottom of range/lod: XLF, KRE, Lat.Am

10min bar:
..most sectors hitting LOD. Precious metals are red but near their HODs.

GM

Key for today 2320/1 (if)

Cobra wrote:double top and lower high, so bears might have chances, say 51%.

At the half hour mark, SPY is down a nickel.

I'd say that's about a 51% type outcome!

Another great call by the Cobra...

XLE, XLB, IBB, FXI lod

morning hourly black bar.

testing June 20 lows now.

GLD, FXY hod
Most sectors LOD or at least lower half of daily range.

TICK heading lower....

Took a stab at FAS since its been strong lately. Probably should have waited for a more positive day. We'll see..... NTA

looks like it's a vacuum to day high.

Need to SPX to pull its moving average lines back positive!!

Levered smalls are struggling to get anything going!!

Now I reverse here has to be high risk be shorting !!!

5m. is doing inverting HS my stops are tight because these is here a big R but but ..., move below 2425 ihs is invalidated open door for new lows let's see ...

Chatter today about how the S&P has over 1/3 ETF ownership.So when the retirement contributions come in it should go up. Just like when the public decides to get out it will be forced down. Either way it will be less representative of what professional money managers see and more reflective of the attitude of those who are not involved who have traditionally been labeled 'dumb money'.

Almost stopped out. Keeping a tight stop on this one...

pullback will be bought if not already bought.

/CL transfers the baton to tech.. it's tech's turn to try to keep this market up.. RUT ugly, VIX/TLT green, wit SPY/QQQ IWM red ,near LOD

dabbling short /ES