Cobra's Market View

Update of a chart I posted over the weekend.
Money Flow Index pump faked. Looked like a peak on Friday, but marched on up this mutual fund Monday. This is bullish as it can go higher before getting overbought.
Time Volume Accumulation still on the soft side. Mr. Market showing some price dicipline at resistance?
Visually, I have to say, it looks like prices are inclined to rise or maybe put in a pop rather than roll over.

what a day, Thanks Cobra and everyone GLTA

TA note: Da bears didn't get the last red arrow. 50/50 chance for the diehard counter trend. vix is picking up a speed that's about it.

Anyone have a guess for the close? > or < 1280 SPX?

My gut is over but I wouldn't be surprised if under. No position.

Poor GOOG, down 28 points !

Speaking of blabbing too much, here’s a POP QUIZ, circle one
Why is ag one of the strongest sectors today? (DBA)
a) because soybeans are good for you
b) because Dennis Gartman said so
c) because these market are all wacky

http://www.youtube.com/watch?v=AW6NVcqc ... re=related

99er wrote:Just woke up from a nap...

SPX http://99ercharts.blogspot.com/2012/01/spx_3342.html

Dreaming of Butterflies.

still not look bad.

Al_Dente wrote:Speaking of blabbing too much, here’s a POP QUIZ, circle one
Why is ag one of the strongest sectors today? (DBA)
a) because soybeans are good for you
b) because Dennis Gartman said so
c) because these market are all wacky

http://www.youtube.com/watch?v=AW6NVcqc ... re=related

soybeans and corn are main ingredients in the majority of animal feed. more people, more protein eating population, more fast food joints, more such ags are needed...prices go up.

and other reasons...

waverider wrote:

CognitiveDissonance wrote:I am loving the VIX dropping along with TVIX following suit

Why are you short TVIX?

I should be but not on the last wave down, don't want to risk truncation. Per TA, I think it has room to hit 40 on the first wave up. It's tough to predict how well it will correlate to the VIX exactly but the vix has another 2-3 points to go lower before it pops. The idea of getting in on TVIX in time for a correction is pretty damn exciting but I do realize that may be odd

jarbo456 wrote:

Al_Dente wrote:Speaking of blabbing too much, here’s a POP QUIZ, circle one
Why is ag one of the strongest sectors today? (DBA)
a) because soybeans are good for you
b) because Dennis Gartman said so
c) because these market are all wacky

http://www.youtube.com/watch?v=AW6NVcqc ... re=related

soybeans and corn are main ingredients in the majority of animal feed. more people, more protein eating population, more fast food joints, more such ags are needed...prices go up.

and other reasons...

i say c but there was probably a crop report or crazy weather somewhere or something this morning....

stucap wrote:

jarbo456 wrote:

Al_Dente wrote:Speaking of blabbing too much, here’s a POP QUIZ, circle one
Why is ag one of the strongest sectors today? (DBA)
a) because soybeans are good for you
b) because Dennis Gartman said so
c) because these market are all wacky

http://www.youtube.com/watch?v=AW6NVcqc ... re=related

soybeans and corn are main ingredients in the majority of animal feed. more people, more protein eating population, more fast food joints, more such ags are needed...prices go up.

and other reasons...

i say c but there was probably a crop report or crazy weather somewhere or something this morning....

sorry...totally misread your thing. i don't know but /CC was a good buy last night...

/CL

Cobra wrote:still not look bad.

Thanks Cobra, any thought on AA earnings?

Jarbo and Stucap both won $64,000.00 and a plate of soy spagetti
Do you want to try for the grand prize, a squeeze into the close???????
1 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

alright, who's holding short overnight?

jarbo456 wrote:alright, who's holding short overnight?

Silver, since last week.

Cobra wrote:still not look bad.

Today's consolidation has come on the lowest NYSE volume of the last 5 days. Amazing! SPY won't even break 100 million shares today.

Cobra wrote:still not look bad.

Today's consolidation has come on the lowest NYSE volume of the last 5 days. Amazing! SPY won't even break 100 million shares today.

the high has been tested some many times, should breakout. I'd be surprised that the market simply topped here.

jarbo456 wrote:alright, who's holding short overnight?

QQQ is super weak, Cougar hit it dead on friday. I am