Cobra's Market View

at this point is anyone buying ... expecting a gap down on monday?

falling wedge, nothing to say, I'm neutral, 25 min to close.

WELLL Miyagi and Carlos,I will be holding a small position with SPY puts with you over the weekend just to make it interesting.So lets see what happens on Mon.

i m slapped pretty hard by somebody. he said i play too small. i forget the big picture. the real line "THEY" are defending is SPX 1380. THEY do that because today is the OE day. no crash allowed today

Carlos wrote:at this point is anyone buying ... expecting a gap down on monday?

I'm not sure at this point. Early today I would have said very possible but at 138 near the close I think there might be a decent amount of buys from expectations of Monday gap up into the open and sell situation.
Kind of like yesterday and today.

A finish at current levels will be ideal. The Nikkei, Hang Seng, & India will gap up a little. The DAX will gap down some but will be between support & resistance levels. It'll be up to Europe to decide if they wanna rally or drop. The DAX has a diamond shape on their daily.

Carlos wrote:at this point is anyone buying ... expecting a gap down on monday?

CHIX

well, guess that's it for today. Need dig a little for the next Monday, the feeling is not good for bulls although it might purely OE play. Thank you guys, I'll see you IN THE WEEKEND!

Cobra..Thanks for the week..See everyone Mon.Have a great weekend.

i really wish i could have endless buying power to defend the integrity of the stock market. will they call me equity spiderman or something.
i got luck this week. i won a draw to test drive a lamborghini gallardo on a race track in pa this weekend. have a nice weekend

No rally to the finish. Obama is crying.

1.25 million last buy on SPY

i think earnings will push us somewhat higher during the early part of the week.

Carlos wrote:i think earnings will push us somewhat higher during the early part of the week.

At the risk of sounding like a skipping record, I think AAPL will lead higher in anticipation of earnings. After that will depend on their numbers.
There may also be a market pump by MS in early May to plump up Facebook IPO interest in a uptrend environment rather than a downtrend.

Just throwing it out there..

The Slope of Hope.
(My take: It seems like the talking heads and chirping birds are DESPARATELY urging people [sheeple] to BUY stocks. Again. Also, take today for example. "They" [the entity with infinite buying power] GAPPED UP the market this morning and then SOLD IT OFF all day. Think it was retail who caused the gap this morning? If so, then you folks had better pull your collective head(s) out of the sand!)

Just saw this, UVXY, broke support, and TSI starting to turn down...??