12/10/2012 Live Update

[Cobra]

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Flat open, so any gap will be filled.

The Global ES doesn't look bad, not a strong up leg since Dec 5, as it's mostly overlapping but still it's up. FOMC on Wednesday, so guess the market would refuse to pullback until at least then?

[Cobra]

stock picks for the week:
viewtopic.php?f=10&t=758&p=108251#p108251

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2012/12 ... ay-update/

[fehro]

H&S is a bit of a stretch... but the blue channel is more interesting.

[Cobra]

oil maybe a bear flag, so a little bearish biased.

[Cobra]

the open.

[Petsamo]

The Nikkei, Hang Seng, & India sold off for a 2nd day in a row from their open. Europe doesn't want to drop yet.

[EvilTrader]

shorted for a daytrade.

[JFR]

Scalped the ES twice in the first two minutes.

[Cobra]

members only update at 10:05am
http://www.cobrasmarketview.com/2012/12 ... ay-update/

[Petsamo]

SPY & IWM are not far from busting Friday's high. If you look at the SPY daily, you could see it's at trendline resistance.

[pezhead9000]

Cisco Update: Cisco re-testing Friday's high
Cisco Systems, Inc. (NASDAQ:CSCO) is expected by Goldman to outperform during 2013 as a result of earnings upside and multiple expansion. The firm keeps its Conviction Buy rating but increased its price target to $25 from $24 on the stock

http://wallstcheatsheet.com/stocks/cisc ... -now.html/

[JFR]

Gotta go. Back later. Enjoying your service, Cobra.

[TradersF]

I see a bear flag on the XIV.

We all know that when the XIV falls as does the markets.
A bit strange to see the markets positive and the XIV negative. Maybe the XIV knows something....................

[ksd9358]

AAPL down, QQQ up, yet QQEW is down?

[Mr. BachNut]

Neutral.
Expect more up and down chop this week.
My composite trend indicator may finally cross over to bull after today's close.

[ClarkW]

AAPL down, QQQ up, yet QQEW is down?

That doesn't make sense if AAPL is roughly 20% of QQQ

[flrtrader]

Yes, there's a bullish inverse head/shoulders on $SPY daily chart.But,the fundamentals of next cliff headline could kill it in seconds.

Looking for a run to 1428 by 206:00 PM EST

Current position long spy 143's targeting 144

FWIW

[Cobra]

no comment, it's up but mostly overlap, so not a strong up but I don't know how long this overlapping up could last.

[Petsamo]

AAPL down, QQQ up, yet QQEW is down?

That doesn't make sense if AAPL is roughly 20% of QQQ

Since SPY & IWM are up, it would make sense that 80% of QQQ is rallying. Since AAPL has been getting slammed, that 20% is getting smaller day after day.