Cobra's Market View

Flat open, so any gap will be filled. The Global ES doesn't look bad, a breakout yesterday then pullback overnight to kiss the breakout point goodbye so may continue pushing up from here.

good morning!

Morning Cobra!

Cobra,

The futures were down about 10 points this morning but since recovered after durable goods order. My question for you is will CI buy the dip today and should we do the same? Or do you have a bad feeling about this long as you did a couple of days ago when CI got stopped out ?

Thanks so much!

GM Cobra...Yes...a tame opening!
QLD yesterday: nice 1...2...3...BUY!

My target is at 1172 on the /es futures. If we tank like what cobra explained in his report last night before moving up, 1144.

AK84 wrote:Cobra,

The futures were down about 10 points this morning but since recovered after durable goods order. My question for you is will CI buy the dip today and should we do the same? Or do you have a bad feeling about this long as you did a couple of days ago when CI got stopped out ?

Thanks so much!

This long will be OK.

QLD today: waiting for confirmation, to keep for a swing:

I thought you expected a small green if not red today, now you think longs are safe? thanx

Good Morning.

So honey...what about Italy?
EURUSD http://99ercharts.blogspot.com/2011/08/eurusd_24.html

What...so we can get 40% on a two-year bill?

So stay at home?
YM http://99ercharts.blogspot.com/2011/08/ym_24.html

And admire butterflies?

the open.

And why not?
ES http://99ercharts.blogspot.com/2011/08/es_24.html

We can always go surfing.

Let's do both!
SPX http://99ercharts.blogspot.com/2011/08/spx_24.html

multiple resistances here.

BAC led rally. can we really believe this?

testing all those resistance. may or may not work. let's see.

another resistance here, again may or may not work.

SPX
78.6% retracement.

AUDJPY and Euro dont seem to be too excited about this move