Cobra's Market View

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no idea up or down from here. I was prepared for a huge huge gap up like in the recent past... So bulls are a little weak recently.

members only update starts here: http://www.cobrasmarketview.com/2018/02 ... ay-update/

opening near SPX 20d 2799,95 ish.. may bounce RS 60m fwiw speculative

Overnight gap down on YM, ES and NQ.

"no idea up or down from here. I was prepared for a huge huge gap up like in the recent past... So bulls are a little weak recently." -- Cobra

Bulls don't know. Bears don't know. The market has not decided yet which way to go. And some of that might have to do with ... whither goes the USA? It seems to me there is lots of uncertainty.

mind 20d SMAs all around

Good sized pullback to the EMA 20. Gonna bounce? Hmmmm ...

Some DOW leaders. Gap down. Quick fills. MCD DIS JNJ

Some leaders on the SP500. SPY itself is dragging along the bottom.

FuturesTrader71 morning bit said overnight volume was 4x and the delta of selling was 2x. When you look it was the Europeans, but why not with the ECB discussing who quickly to stop printing. Italian banks puked up Italian Sovereign debt big time. Remember over there the banks buy most of the Government debt. German rates straight up. We get through all of that and then US payrolls are red hot just shouting for the FOMC to jack up rates faster than planned.

Waiting to tag the overnight low ES 2797, then we should bounce and start to climb into yesterday's range. Maybe.

Nasdaq leading the way down. For now ...

VIX be so careful…

Bouncing on the overnight low.

Note I am back to the old version of software because a mid week update on the new stuff wiped out all my indicator files so I am more than a little miffed. Will spend time between adds this Sunday rebuilding.

Currency pairs. The dollar is doing well against the aussie and the yen.

fehro, that chart Zerohedge has up of Bitcoin verses VIX, is there something there or are they just being cute?

So much for the bounce.

Trades with cats wrote:Bouncing on the overnight low.Note I am back to the old version of software because a mid week update on the new stuff wiped out all my indicator files so I am more than a little miffed. Will spend time between adds this Sunday rebuilding.

Been there, to a degree, with update issues on various computer systems, etc. Never a massive wipeout on anything. But one lives in fear. LOL

I do hate updates. But it seems you can't stop "progress."

this bear may have legs.