Cobra's Market View

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I'm neutral. kind of stuck in a range between two blue lines. Breakout would be Double Bottom.

members only update starts here: http://www.cobrasmarketview.com/2014/01 ... ay-update/

Cobra and major board members made us good coin yesterday per usual. Thanks and vote Cobra. glta.[attachment=2]Flux.gif[/attachment][attachment=2]Flux.gif[/attachment][attachment=0]fx.PNG[/attachment]

russl stuck 11340/60 to 11440/60 watch pink and green fans

I/T vix uncertain

new hgh to advancers says bounce / consoldate a few days But trickentrindicator says I/T down for a while, Good lucka all boardies and THANKS KINGSNAKE!

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POMO Time! - Based on the schedule (appr $9 billion over the next 4 days), it should hold the market up and then some since it's over $2 billion / day.

Tue, Jan 07, 2014 Wed, Jan 08, 2014 Outright Treasury Coupon Purchases 02/15/2021 - 11/15/2023 $2.25 - $3.00 billion
Wed, Jan 08, 2014 Thu, Jan 09, 2014 Outright Treasury Coupon Purchases 02/15/2036 - 11/15/2043 $1.00 - $1.50 billion
Thu, Jan 09, 2014 Fri, Jan 10, 2014 Outright Treasury Coupon Purchases 11/15/2024 - 02/15/2031 $0.60 - $0.90 billion
Fri, Jan 10, 2014 Mon, Jan 13, 2014 Outright Treasury Coupon Purchases 10/31/2019 - 12/31/2020 $2.50 - $3.50 billion

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PB up to 183.47 now met..marvelous how these work out

That was more exaggerated than what I drew yesterday...but still the same direction....

There is a long term resistance line at 1830-1840 on SPX...has been trying to break out, but wondering if it could end up being resistance for a while??

good start, so this bull might have legs.

range top, expect consolidation here. a direct breakout usually would be fake.

SPX 15m, broken H&S .. reacts as violent as the pattern itself as usual... possible channel resistance near here

Neutral.

My summation signal is up but could go neutral for the R2K today depending on how things go.
My composite trend signal is up.

I have been looking to long but waiting for a nice price perhaps with some oversold conditions.
With the rally back to the top of the recent rectangle, perhaps the low is in and a little oversold is not to be.
One thing about this bull is that it has consistently undershot downside corrective potential.
So, I am on the sideline for now and will see how things develop.
The market will tell me what to do in due course (my twitchy mouse finger notwithstanding).

Off Topic but good enough to share:

http://www.linkedin.com/today/post/arti ... -stupidity

SPX 60m

VIX 60m... filled the Dec 31 gap this morning and reversed back up sharply

"We're never going down again!!!"

Option sentiment overbought and overvalued = Time to sell
http://www.ise.com/market-data/isee-index/ …

this pullback might have small legs, so dip buyer might want to wait for h2 at least.