Cobra's Market View

Flat open, so any gap would be filled.

Hard to describe what I see on Global ES. This is bulls 2nd time trying on the upside, so any failure is absolutely not allowed. Let's wait.

good morning Cobra

Spiraldates.com says down for the next few trading days.

My own thoughts are that the market seems frothy at these levels given the global and macro economic climate and linger storm clouds on the horizon.

GM, on average 127 now become a good floor for this run.

Bears may be encouraged if bulls can't show some strength here. Seasonality says today usually closes in the red...obviously too early to make that call.

Good Morning.

Gee honey...it's Friday.

ES http://99ercharts.blogspot.com/2012/01/es_06.html

A field day for the Bears.

TGIF and GLTA.

So what do you wanna do today?

BKX http://99ercharts.blogspot.com/2012/01/bkx.html

Let's go skiing.

Good Morning!
To confirm the $DXY breakout, today’s bar must close green:

99er wrote:Good Morning.

Gee honey...it's Friday.

ES http://99ercharts.blogspot.com/2012/01/es_06.html

A field day for the Bears.

TGIF and GLTA.

i'm ready to sell the news....eur/usd keeps dropping....something has to give....

cougar wrote:Good Morning!
To confirm the $DXY breakout, today’s bar must close green:

I like what I see on UUP, third time is a charm so far so good.

Cobra is right!
If SPY cannot break above this range, there is only one way…and that is down.

Go skiing?

AUDJPY http://99ercharts.blogspot.com/2012/01/audjpy_06.html

Okay. Lead the way.

99er wrote:So what do you wanna do today?

BKX http://99ercharts.blogspot.com/2012/01/bkx.html

Let's go skiing.

I've been after XLF/FAS, financial will have a good volatility this year me thinks, volatility is good and healthy for me I want more of it.

The “Swing Strategy” on SPX is still holding a bullish outlook with supports that worked…so far:

Morning peeps
Off to Vegas today for wild card weekend - wish me luck

PS - jobs report still counting holiday temp work for high school kids at game stop, BS in my opinion


---
I am here: http://maps.google.com/maps?ll=29.751405,-95.453231

AAPL, the perennial hope of the perma-bulls is strong on 2 daily charts:

Let the gold gurus wait for GLD = 140...
A bullish revision of the GLD short term target:

99er wrote:So what do you wanna do today?

BKX http://99ercharts.blogspot.com/2012/01/bkx.html

Let's go skiing.

Let's go Bungee Jump.banks deposited a new record amount EUR 455 bln to ECB overnight deposit .

the open. so far looks like a Cup with Handle, so not bearish.

Cobra wrote:the open. so far looks like a Cup with Handle, so not bearish.

handle is getting too long...should only be 1/3 the depth of the cup. so it's negated.

More and more SPX is for the show only, a good play is at EEM XLF and IWM

SPY will be on the bottom of my watch list soon.