Cobra's Market View

Cobra, what are your thoughts on gold ST, IT & LT. Thanks in advance.

Another black candle on SPY daily

Glad I made only one trade today otherwise would have been handing cash over to the broker. QQQ's look weak. Maybe a gap above this resistance will come tomorrow when the $DAX and $FTSE are up, but this is a very precarious spot right here either way and a lot of blood is on the battlefield.

$SOX +1.98% today, $BKX +1.15%

waverider wrote:

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

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

Me too. I am tempted to take it off because I don't like what I am seeing at the moment, but I kind of want the bulls to stop me out and prove themselves. They have been rather limp so far during what is typically a favorable time of year.

well, guess that's it for today. as I said, I'd be surprised that the market simply topped here without breakout first (the previous high has been tested so many times, should not hold). Thank you guys, I'll see you tomorrow.

Me too. I am tempted to take it off because I don't like what I am seeing at the moment, but I kind of want the bulls to stop me out and prove themselves. They have been rather limp so far during what is typically a favorable time of year.[/quote]

Yeah, check this link, QID is top bullish on the upper right, lol!

http://www.ise.com/WebForm/viewPage.aspx?categoryId=126

260k volume last buy QID, big spike

waverider wrote:Me too. I am tempted to take it off because I don't like what I am seeing at the moment, but I kind of want the bulls to stop me out and prove themselves. They have been rather limp so far during what is typically a favorable time of year.

Yeah, check this link, QID is top bullish on the upper right, lol!

http://www.ise.com/WebForm/viewPage.aspx?categoryId=126

260k volume last buy QID, big spike[/quote]
SPY gets a lot of CPR, but is still confined to this tired octave:

after hours market is reacting to AA bad earnings
I’m seeing trades between $9.17 ish and $9.75 ish, and SPY down

why can't the market reverse then if not enuff momo to pop up pls?

So honey...disco?

ES http://99ercharts.blogspot.com/2012/01/es_2358.html

"Get down tonight..."

Morning Update

ES http://99ercharts.blogspot.com/2012/01/es_10.html

A top.

cougar wrote:

waverider wrote:Me too. I am tempted to take it off because I don't like what I am seeing at the moment, but I kind of want the bulls to stop me out and prove themselves. They have been rather limp so far during what is typically a favorable time of year.

Yeah, check this link, QID is top bullish on the upper right, lol!

http://www.ise.com/WebForm/viewPage.aspx?categoryId=126

260k volume last buy QID, big spike

SPY gets a lot of CPR, but is still confined to this tired octave:[/quote]
A clarification for our Canadian colleagues: CPR in this case is “cardio-pulmonary resuscitation” …and not “Canadian Pacific Railway”…

Haha, thanks for the update Al, Cougar, have a good one.

Copper (CU) formed a very strong nuetral wedge on past 4 months. It looks like it could break hard either way over the next few days. having issues posting image.

SPX: My preferred count calls for an Ending Diagonal wave (C)

XLE: An interesting Triangle break out could be in the cards

TraderGirl wrote:

TWT wrote:USO: I am expecting more upside given the corrective look of the current pullback

Where have you been TWT? Do you have any thoughts on SLV/AGQ? Looking for a big move in the next day or two....

Wish I would have bot more AGQ yesterday....