Cobra's Market View

Gap up (again, cannot believe it, the market trending down but we gap up every day and no gaps are small!) but within yesterday's range so chances are the gap will be filled. Global ES looks like just a rebound so eventually would go down and since the support below has been tested more than 3 times, so if indeed it eventually comes down to test the support, I don't think it's gonna hold.

Thanks for your clear direction

will be a boring OE day?

hey cobra. i have this strange feeling we are going to have a huge squeeze today. someone is protecting that 1300 /es level with all their might.

Cobraaaaa!!!!!!!!!!!!!!!!!!

Just to let you know I bought the GOOG 565 call expiring next friday and its going to be worth $35-$40 ! I paid only $5!!!!! IM SOOOOO HAPPPYYY

Thanks for helping me out as alwayssss!!!

Good morning! Above yesterday highs would be very bullish. Let's wait and see what market do!

1320/22 good short spot?

Good Morning.

So honey...what's on for the weekend?
EURUSD http://99ercharts.blogspot.com/2011/07/eurusd_15.html
Shall we try Channel surfing?

TGIF.

How's the temperature?
ES http://99ercharts.blogspot.com/2011/07/es_15.html
1264.

Hey look...it's Ben on his long board.
30Y http://99ercharts.blogspot.com/2011/07/30y_15.html
He's Hanging Ten!

Watching GS with increased interest - particularly now after it completed the 4th touch of a “Gann 4” level. According to its illustrious author, a bounce here should have a follow-up. First target = 132.50 (MM 4/8 mid octave pivot).

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For the first time in many months, I am now long GS, for a swing.

Paris and Madrid are too weak these days.... normally these Index give first sinal.

60 min
7 to 5 central time

euro bank stress test results will be released at noon, could this be the market mover?

cougar wrote:Watching GS with increased interest - particularly now after it completed the 4th touch of a “Gann 4” level. According to its illustrious author, a bounce here should have a follow-up. First target = 132.50 (MM 4/8 mid octave pivot).

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For the first time in many months, I am now long GS, for a swing.

I went long GS yesterday. please keep posting on GS.

1296 was Cheech's target! Congrats Cheech. Looks like you are going to get it. I think he was counting on it happening by today though. I am thinking maybe not until Monday due to Opex

In the badly beaten OIL sector, WLL(Whiting Petroleum) is worth watching.
If 55.26 support level holds, w3 could start here. Money Flow is unusually strong and Empir. Mode only needs a small push to become bullish.
They just announced the release of 2nd quarter financial and operating results for July 27, after market closes.

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I am long WLL, for a long swing.

A lot of tech stocks I follow have great looking charts! I try to trade what I see so I will be posting charts this weekend.

Right now, LNKD (stop at 98) , AMZN, SINA , BIDU , ISRG all look good to the upside.

ANF is one of those stocks in a holding pattern.....Could double top around the 80 $ level so wait and watch......target would be around 55 ......if it blows thru earnings and pops then of course follow the direction.

CMG comes out with earnings Tuesday and while I think they will be great, the reaction to the stock may be muted unlike past quarters (NFLX has vertically run up and approching the 161.8 fib level )

Good Luck!

would be strange if a third gap up is sold ... we shall see

the open.

short squeeze has begun in /cl