Cobra's Market View

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3rd test of range high, likely will break it.

Did you see how the Yen & Dollar popped on the Jobs number this morning?? WoW!

members only update starts here: http://www.cobrasmarketview.com/2015/02 ... ay-update/

LuvToChart wrote:Did you see how the Yen & Dollar popped on the Jobs number this morning?? WoW!

Seems a little overdone. Daily. We will see.Vote Cobra. glta

I am shorting Nasdaq 100 at this level, it failed to advance further after data this a.m., plus it went to far to fast, market is due for major pull back.
It's about at the same level as when it crashed last time.
Just another opinion.

Baker Hughes rig count at noon eastern. Last week that was a catalyst to move oil, and the market decided to follow.

Gold trade did not work at all for now. Only hope is a falling wedge pattern, but gold has to rally hard next week for it to work.

I think oil is likely not to rise too much over the next few weeks due to seasonality and also some bearish looking short term patterns. For that I have a small put position on USO.

Bullish rising wedge in financials has worked to perfection, our our way to at least touching the previous high

mozart wrote:I am shorting Nasdaq 100 at this level, it failed to advance further after data this a.m., plus it went to far to fast, market is due for major pull back.
It's about at the same level as when it crashed last time.
Just another opinion.

Good trade.

SPX.. mind the wedge..

Out of Bounds wrote:

mozart wrote:I am shorting Nasdaq 100 at this level, it failed to advance further after data this a.m., plus it went to far to fast, market is due for major pull back.
It's about at the same level as when it crashed last time.
Just another opinion.

Good trade.

tx!

Hilsenrath, the Fed Whisperer at the Wall Street Journal writes this morning that the jobs number means the fed will rase rates at the June meeting. Plossner, who is retiring next month said the same thing on CNBC. Gotta love it, the best jobs numbers in years are bad news for multinationals.

SPY daily… is volume telling a different story?

cletus wrote:Bullish rising wedge in financials has worked to perfection, our our way to at least touching the previous high

BPFINA up 9.43% today ...

morning hourly black bar.

BPs look good - and as I wrote a second ago, BPFINA up 9.43%.

http://stockcharts.com/freecharts/candl ... BPENER|B|0

Bearish wedge?

Internals of to a slow start..

Update BPFINA. Normally financials tend to guide the market and this move is quite impressive