Cobra's Market View

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the pullback was sharp, some chances it's a vacuum which means it will test the previous low, just some chances.

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

Put/Call nears extreme 0.56/0.38 .. too many bulls.. be careful

GM

---- key for the day(if)

bias is up.

Cobra wrote:bias is up.

SPY spent most of Friday banging up against its (flatlining) 15min 200ema. It's currently hovering right there now. (ca242.25)

SPX 20d key today.. 2431. just 3 points higher… /CL ding ding 20d SMA.. oil rally index rally IWM weak,near LOD red… QQQs near 8week neckline.. key time… QQQs stall and head down with AAPL breaking 143.00 (as per last week) ..look for some serious pain .. index wise.

Daniel wrote:SPY spent most of Friday banging up against its (flatlining) 15min 200ema. It's currently hovering right there now. (ca242.25)

..and now one close above. Next stop, perhaps 20day SMA? (242.60 per StockCharts)

SPX key time .. upper channel, 20d 2432.00 .. dabble short.. may be a tad early AAPL and oil at 20d too

No London/Frankfurt closing ramp so far.

From Fri close:

Some strong dogs..
EWZ, XOP, EEM,
Moderate dogs.. XLB, XLK/QQQ

Weak dogs.. KRE, IWM

Interesting comparison of of the new bogey man versus the S&P from Stock Board Assets.

AQRIX is the Bridgewater type equal risk fund in blue with the S&P in red

SPY 5 fwiw .. descending wedge "possible"

yellen plan starts now , (sell the tdouble top)

TECH fwiw

bias is up.

yellen plan first

XLF still near double top resistance
Note the resistance from 2007 (this is a WEEKLY chart)
Ccatalyst may be Friday, when earnings season kicks off with four banks - C, JPM, WFC and PNC - reporting results,
accounting for roughly 5% of the S&P 500 by market cap.