Cobra's Market View

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the pullback likely would be bought eventually.

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

Mind evening star formation .. possible NDX/COMPQ.. mind the big open gaps from Fri,and last Wed on QQQs .. buckle up

SPX key level... June highs 2453.80.. it goes look to 2435.10 20d SMA

morning hourly hollow red.

Does anyone know what happened to 'Annotate' in Stockcharts? I don't see it anymore under the Actions tab.

te_fern wrote:Does anyone know what happened to 'Annotate' in Stockcharts? I don't see it anymore under the Actions tab.

mine works fine today

te_fern wrote:Does anyone know what happened to 'Annotate' in Stockcharts? I don't see it anymore under the Actions tab.

MrMiyagi wrote:

te_fern wrote:Does anyone know what happened to 'Annotate' in Stockcharts? I don't see it anymore under the Actions tab.

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Thank you, MrMiyagi! I would have never found it! LOL!

GLD has filled its Fed day huge down gap (ca 118), and is now solidly above its 20day MA and also the 200day. Next stop 118.50, at the 50day sma?

SLV hod (+1.5%)... but overall, in the intermed timeframe, faring relatively less well than GLD. Above the 20day sma, but still well below both 50 and 200.

Will that is a plunge, need to find a new bottom...

this bear may have legs.

As expected TICK dropped....

GS the heaviest dow component is down -2.62% today
it's the biggest loser in the dow AND in the OEX today

Al_Dente wrote:GS the heaviest dow component is down -2.62% today
it's the biggest loser in the dow AND in the OEX today

yes, but it held the 50day at that lowest point, and is already coming back to a mere -2.34%!

XLF as a whole is down about the same on the day as IWM, MDY, and XLB--so thus far GS is not leading the entire sector significantly lower than other broad sectors.

AD bear bias needs to get stronger for bears, not weaker

The blue MA line seems to be resistance for now....

Can I buy SPY? The price is so high.

Down vol on NYSE is still over up by about 2/1-- but on Naz that ratio has improved to only about 1.3/1 down vol over up vol.