Cobra's Market View

ClarkW wrote:

bullbear12 wrote:JPM is strong so no worries

Why is it up with XLF down so much?

Didn't they take a vig of $200 million from some commodity firm's customers?

ClarkW wrote:

bullbear12 wrote:JPM is strong so no worries

Why is it up with XLF down so much?

It's only one piece, a big piece 8%, but only one piece. WFC is down over 1% --- it's over 10% of the XLF.

ClarkW wrote:

bullbear12 wrote:JPM is strong so no worries

Why is it up with XLF down so much?

JPM is very oversold relative to the ETF that carries it, KBE, the other bank ETF

TNA broke support on hourly TSI, big gap down to 49ish, will gap be support, or will we fall right through...??

Broken TSI indicates further weakness ahead...

MrMiyagi wrote:
Turbo button is in the shop, not much hope for it..

Oh no!!! Call the Geek Squad....... oh wait, they were laid off last week...... we"re doomed....DOOMED!!!

MrMiyagi wrote:!!!!!!POWER HOUR!!!!!!
!!!!!!!!!SPX 1500!!!!!!!!!

I think in respect for Fearless Leader that should be amended to 1600 as in PA Avenue

Lebensraum for everyone....with no voter ID.

stucap wrote:

ClarkW wrote:

bullbear12 wrote:JPM is strong so no worries

Why is it up with XLF down so much?

It's only one piece, a big piece 8%, but only one piece. WFC is down over 1% --- it's over 10% of the XLF.

Sorry, my question isn't technically because XLF is down but because all other major financials are down (I was being lazy and just said XLF down, instead of listing. Sorry)
GS -1.07%
MS -2.3%
BAC -1.98%
WFC -1.38%
Even USB is -.62%

SWalsh wrote: I think in respect for Fearless Leader that should be amended to 1600 as in PA Avenue

Lebensraum for everyone....with no voter ID.

!!!!!!SPX 1600!!!!!!

I get the impression that very few people on this board have lived through a real bear market.

Bottom Finder chart
Selling volume is not extreme enough to call this a temporary bottom (pink circle)
$NYDEC (lower panel) decliners are not extreme enough to call this a temporary bottom (pink circle)
This implies that we could go lower (unless we get massive profit-taking, short-covering from bears)

XIV also indicating further weakness....

? STFR

snakehead wrote:I get the impression that very few people on this board have lived through a real bear market.

2008 felt a little bearish to me

TSM Moneyflow is positive
http://online.wsj.com/mdc/public/page/2 ... stcalendar

Spy Block trades is positive
http://finance.avafin.com/blockTrades?t ... dustryId=0

[quote="MrMiyagi"][/quote]

Selling Exhaustion??

ClarkW wrote:

snakehead wrote:I get the impression that very few people on this board have lived through a real bear market.

2008 felt a little bearish to me

replace little with very

They are covering and trying to hold it here from my read of the tape:

(anyone else feel like their eyes ache and are burning like heck from looking at this most of the day? I have to close my eyes with drops at times for 10-15 minutes...I should see an ophthalmologist, I think )

ClarkW wrote:

snakehead wrote:I get the impression that very few people on this board have lived through a real bear market.

2008 felt a little bearish to me

1987 for me

This mini rally will hopefully ensure a gap down tomorrow