Cobra's Market View

OK, indeed nowadays every first OR breakout failed. now let's see this reversed OR breakout (the 2nd try) can fill the gap or not. so far not bad.

ClarkW wrote:$BKX at HoD

tdo722 wrote:

BullBear52x wrote:

ClarkW wrote:While SPY -0.58% today, $BKX quietly +0.27% and appears to be starting 2nd leg up today imo

I am shorting FAS, so long I still get LL I wouldn't bet anything will change soon, without financial help today SPX would have been with RUT/IWM already.

Follow the money.

Went long at 10:20AM after bkx broke above yesterday trading range.

bull flag, one more push up to 1290? Oct highs

Cobra, what the hell is this?

Al_Dente wrote:

TraderGirl wrote:Looking at sp, they are made up of a lot of financials, which are holding up compared to Euro banks, Credit Suisse, Deutsche Bank and Banco Santander all down 6-7% today, and have all broken their triangle support, while US Banks have held up, wonder if that is a sign of things to come, thinking of some FAZ...

http://stockcharts.com/h-sc/ui?s=$BKX&p ... =252469497

Thanks Al! Great chart...

waverider wrote:

Al_Dente wrote:Three greens on my index board: $SOX, $BKX, CHINA $HXC
Tick beeping high on day
NYDEC is under <2000 again

Thanks Al, big short interest here? http://online.wsj.com/mdc/public/page/2 ... 022#shortB

which one?

Did Europe markets close

The Hook wrote:Hi Cobra

Does HD look like three push?

Many thanks

No, I don't read that way. HD seems OK.

BlondU wrote:Cobra how come INDU is so weak and the others indexes are not? isn't INDU supposed to lead the market?

One day doesn't mean much, so don't read too much over it.

Updates

Copper http://99ercharts.blogspot.com/2012/01/copper_05.html
Crude http://99ercharts.blogspot.com/2012/01/crude_05.html

Updates

Gold http://99ercharts.blogspot.com/2012/01/gold_05.html
Silver http://99ercharts.blogspot.com/2012/01/silver_05.html

Hey Guys,

My Primary count has it likely we ended the correction today and will head WAY higher with a big NFP day tomorrow. On the flip side we could have one more leg down to fool Bulls and trap Bears before we try much higher.

I like the way individual stocks are moving now that volatility has settled in the low 20s. There are a lot of great opportunities out there both long and short so I suggest whatever index analysis you believe strongly in use it to trade a stock over the index. My guess is the S&P will stay between my blue and green lines the rest of the day with a bias to the upside.

Trade well.

Updates

Dollar http://99ercharts.blogspot.com/2012/01/dollar_05.html
30-Year http://99ercharts.blogspot.com/2012/01/30y_05.html

which one?[/quote]

lol. Looks like we have to use the "ignor" button when noobs try to tell people who have been trading for years how to trade. Had to say it. Thanks for updates chartists.

there are many goodnews in today so it must be good for bull...

1 min internals, aka WOW
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

http://www.youtube.com/watch?v=I62uwbyD ... re=related

Update

SPX http://99ercharts.blogspot.com/2012/01/spx_279.html

The gondola's here.

99er wrote:Update

SPX http://99ercharts.blogspot.com/2012/01/spx_279.html

The gondola's here.

looks like the gondola goes higher up the mountain than you think!

waverider wrote:which one?

lol. Looks like .... Had to say it. Thanks for updates chartists.[/quote]
BTW
Look at % increase in PLW laddered treasury shorts. WTF?
Can u explain that?
That thing is thinner than a model
Your link
http://online.wsj.com/mdc/public/page/2 ... 022#shortB

There is a Gondola and a Gondola Lift? Isnt a Gondola a flat bottom type boat?