Cobra's Market View

ES Futures prior to Open!
Quite a negative divergence on hourly chart.

“Each day in 2012, as well as in these early days of 2013 … the Standard & Poor’s 500-stock index has closed in positive territory for the calendar year.
Here’s another way of putting it: In 2012, the index never had a daily close below the closing level for 2011. And despite endless worries … the streak lives on.
How unusual is this?
‘Going back to 1928, there have only been eight other years where the index went an entire year of trading up year-to-date every single day’
…. The last time was in 1979.
The odds that the current streak will be sustained through a second calendar year are quite low. Since 1928, it’s happened only once ….”

http://www.nytimes.com/2013/01/06/your- ... 30106&_r=0

[original source is Bespoke]


http://www.youtube.com/watch?v=fxEmnxiUz8w

Posted this chart here few months ago, now we are right at trendline although this move up looks very corrective (e) is often shortest...if break through trendline then I think this long lasting consolidation is done

Thanks everyone for great charts this weekend

Al_Dente wrote:“Each day in 2012, as well as in these early days of 2013 … the Standard & Poor’s 500-stock index has closed in positive territory for the calendar year.
Here’s another way of putting it: In 2012, the index never had a daily close below the closing level for 2011. And despite endless worries … the streak lives on.
How unusual is this?
‘Going back to 1928, there have only been eight other years where the index went an entire year of trading up year-to-date every single day’
…. The last time was in 1979.
The odds that the current streak will be sustained through a second calendar year are quite low. Since 1928, it’s happened only once ….”

http://www.nytimes.com/2013/01/06/your- ... 30106&_r=0

[original source is Bespoke]


http://www.youtube.com/watch?v=fxEmnxiUz8w

Interesting, so sometimes during 2013, all the gains would be erased, we dip into annual red for at least one day.

Cobra wrote:

Al_Dente wrote:“Each day in 2012, as well as in these early days of 2013 … the Standard & Poor’s 500-stock index has closed in positive territory for the calendar year.
Here’s another way of putting it: In 2012, the index never had a daily close below the closing level for 2011. And despite endless worries … the streak lives on.
How unusual is this?
‘Going back to 1928, there have only been eight other years where the index went an entire year of trading up year-to-date every single day’
…. The last time was in 1979.
The odds that the current streak will be sustained through a second calendar year are quite low. Since 1928, it’s happened only once ….”
http://www.nytimes.com/2013/01/06/your- ... 30106&_r=0
[original source is Bespoke]
http://www.youtube.com/watch?v=fxEmnxiUz8w

Interesting, so sometimes during 2013, all the gains would be erased, we dip into annual red for at least one day.

Si Senor
ps: for some reason, i often forget to vote for u on sundays: https://stockcharts.com/public/1684859
but i never forget Etta: http://www.youtube.com/watch?v=H8gjyS-QEVs

Al_Dente wrote:

Cobra wrote:

Al_Dente wrote:“Each day in 2012, as well as in these early days of 2013 … the Standard & Poor’s 500-stock index has closed in positive territory for the calendar year.
Here’s another way of putting it: In 2012, the index never had a daily close below the closing level for 2011. And despite endless worries … the streak lives on.
How unusual is this?
‘Going back to 1928, there have only been eight other years where the index went an entire year of trading up year-to-date every single day’
…. The last time was in 1979.
The odds that the current streak will be sustained through a second calendar year are quite low. Since 1928, it’s happened only once ….”
http://www.nytimes.com/2013/01/06/your- ... 30106&_r=0
[original source is Bespoke]
http://www.youtube.com/watch?v=fxEmnxiUz8w

Interesting, so sometimes during 2013, all the gains would be erased, we dip into annual red for at least one day.

Si Senor
ps: for some reason, i often forget to vote for u on sundays: https://stockcharts.com/public/1684859
but i never forget Etta: http://www.youtube.com/watch?v=H8gjyS-QEVs

Thanks.