Cobra's Market View

Yes that is what he is talking about.

TICK still above their MA lines.....

Need a break of the blue line....

Frankfurt/London trying to close at the days high which was just before Payrolls report came out, within a handle with 12 minutes to go.

More ATHs! SPY, QQQ

this bull shall have legs.

Ding Ding Ding
Now will it hold?

Interesting that VIX is climbing...

Check this table of “jobs added”
Black is December
Check retail at the bottom, ouch, and that was holiday season
https://www.zerohedge.com/sites/default ... 0where.jpg

Small caps threatening to go below yesterday's low. ES can't hold the overnight high. Tech looking good at new highs above overnight and opening range. Bonds are flat, energy red and bitcoin is over 16,000. A mixed bag.

Handful of JUICE 2 day %
I only keep 2x oil (pink) in there because if oil is up, spy likes that.
Smalls can barely hold the 2 day red line, but look at XIV (lime), it can’t either, which means that VIX options traders are not nearly as bullish-spy as spy is.
Best are semis and tech (gray and black).
2 days INTRADAY changes quickly [edit: corrected typos]

the pullback might still likely be bought.

There’s a great line at the end of “Molly’s Game,” the new movie loosely based on the life of Molly Blum, an Olympics-class skier who nearly broke her back in a fall, and went on to become the host of the largest poker game in the United States, until she was busted in a midnight raid by 17 FBI agents.
She refused to give up the names of all her players (which was the only thing the FBI wanted), and hence pleaded guilty in a lower Manhattan court. The judge’s determination was priceless: (paraphrasing:)
“” In 10 years the defendant did less than the traders on Wall Street do before lunch, and I know that because we’re in spitting distance of Wall Street, and I’ve spit down there many many times.””

Cobra wrote:... might still likely ...

Not sure how to parse that

Anybody else have an account with Interactive Brokers? They are having technical difficulties today.

TNA is vulnerable to a squeeze here, if the shorts keep covering, but they may go for a third push down… not sure… they all see that MINI higher low ...

Got my line break, now if we can push through resistance pivot 1.....

ES working on a triple top. If it holds then it is written across the sky in fire for everybody. But the wave counters are calling for only 25 to 30 points before resuming the march to new highs (Coolbizone) or and extended fifth that could go quite a bit higher before we complete a pattern at the fractal level (Pretzel Logic).

Dr. Hussman (Hussman Funds) who's stuff I skim because he writes like what he is a PhD Econ Prof (at least as Nassim Taleb would say," He has skin in the game") has a longish weekend reading piece out that is a must read. He shows with charts how consumer sentiment polling ties in with long term market results, some real insight into how emotions make the market go higher or lower than it should based on long term value concepts. He admits on a regular basis how his funds got collbered in the early part of this recovery because he didn't take behavioral economics into consideration. He has fixed that and he shows us how.

I think he has a real chance of being the king of long term investing 20 years from now.

bias is up.