Cobra
Site Admin
Posts: 58508 Joined: Sat Feb 12, 2011 10:29 pm
Post
by Cobra » Fri Jan 06, 2012 10:01 am
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.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report .
Subscribers can find all the members only posts HERE .
StockCharts members, please vote for me HERE , thanks.
finman66
Posts: 320 Joined: Mon Jun 13, 2011 11:41 pm
Post
by finman66 » Fri Jan 06, 2012 10:08 am
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.
BullBear52x
Posts: 29584 Joined: Tue Feb 22, 2011 3:47 pm
Post
by BullBear52x » Fri Jan 06, 2012 10:08 am
GM, on average 127 now become a good floor for this run.
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.
SB73
Posts: 1265 Joined: Wed Sep 14, 2011 12:20 pm
Post
by SB73 » Fri Jan 06, 2012 10:09 am
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.
cougar
Posts: 1914 Joined: Fri May 20, 2011 9:25 am
Post
by cougar » Fri Jan 06, 2012 10:13 am
Good Morning!
To confirm the $DXY breakout, today’s bar must close green:
Attachments
stucap
Posts: 994 Joined: Thu Jul 14, 2011 12:25 pm
Post
by stucap » Fri Jan 06, 2012 10:13 am
i'm ready to sell the news....eur/usd keeps dropping....something has to give....
BullBear52x
Posts: 29584 Joined: Tue Feb 22, 2011 3:47 pm
Post
by BullBear52x » Fri Jan 06, 2012 10:16 am
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.
My comments are for entertainment/educational purpose only. NOT a trade advice.
cougar
Posts: 1914 Joined: Fri May 20, 2011 9:25 am
Post
by cougar » Fri Jan 06, 2012 10:16 am
Cobra is right!
If SPY cannot break above this range, there is only one way…and that is down.
Attachments
99er
Posts: 3686 Joined: Mon Feb 14, 2011 3:43 pm
Contact:
Post
by 99er » Fri Jan 06, 2012 10:19 am
BullBear52x
Posts: 29584 Joined: Tue Feb 22, 2011 3:47 pm
Post
by BullBear52x » Fri Jan 06, 2012 10:19 am
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.
My comments are for entertainment/educational purpose only. NOT a trade advice.
cougar
Posts: 1914 Joined: Fri May 20, 2011 9:25 am
Post
by cougar » Fri Jan 06, 2012 10:20 am
The “Swing Strategy” on SPX is still holding a bullish outlook with supports that worked…so far:
Attachments
cougar
Posts: 1914 Joined: Fri May 20, 2011 9:25 am
Post
by cougar » Fri Jan 06, 2012 10:24 am
AAPL, the perennial hope of the perma-bulls is strong on 2 daily charts:
Attachments
cougar
Posts: 1914 Joined: Fri May 20, 2011 9:25 am
Post
by cougar » Fri Jan 06, 2012 10:28 am
Let the gold gurus wait for GLD = 140...
A bullish revision of the GLD short term target:
Attachments
Tabby
Posts: 924 Joined: Tue Feb 15, 2011 5:09 pm
Post
by Tabby » Fri Jan 06, 2012 10:30 am
Let's go Bungee Jump.banks deposited a new record amount EUR 455 bln to ECB overnight deposit .
Cobra
Site Admin
Posts: 58508 Joined: Sat Feb 12, 2011 10:29 pm
Post
by Cobra » Fri Jan 06, 2012 10:31 am
the open. so far looks like a Cup with Handle, so not bearish.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report .
Subscribers can find all the members only posts HERE .
StockCharts members, please vote for me HERE , thanks.
jarbo456
Posts: 2218 Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY
Post
by jarbo456 » Fri Jan 06, 2012 10:34 am
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.
BullBear52x
Posts: 29584 Joined: Tue Feb 22, 2011 3:47 pm
Post
by BullBear52x » Fri Jan 06, 2012 10:34 am
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.
My comments are for entertainment/educational purpose only. NOT a trade advice.