Cobra's Market View

Small gap up but above yesterday's range so no idea if the gap will be filled or not. The chart still looks missing one more test on the down side at least. Well, market is always right, no matter what I believe, so for now let's just believe what we see here because I see no evidences arguing the push up is over yet...

Good morning, Ban Zhang!

/cl is gaping up over yesterday's close of 97.85. usually on a inventory report day this gap will be filled ( usually around the time when the report comes out ) but today may be different. if the report is bullish like yesterdays API report i will play long with buy stop @ report time - target today is 100.74... Good luck all..

btw /cl now has THREE huge gaping gaps all the way down to 95.93.. so once things go wrong it will be a great shorting opp.

Good Morning Cobra,
What do you think of the $CPC too low? time for reversal.
I am neither bull nor bear

http://stockcharts.com/h-sc/ui?s=$CPC&p ... 5531381860

I am starting a position in $TZA today.

Thanks

Good Morning.

So honey...it's Hump Day. What should we do?
EURUSD http://99ercharts.blogspot.com/2011/07/eurusd_20.html
Let's go surfing.

You're joking.
ES http://99ercharts.blogspot.com/2011/07/es_20.html
No I'm not.

GM Cobra…I Like the moderation in your post!
I have a 1343 target, but probably not today:

Rocket_Trades wrote:Good Morning Cobra,
What do you think of the $CPC too low? time for reversal.
I am neither bull nor bear

http://stockcharts.com/h-sc/ui?s=$CPC&p ... 5531381860

I am starting a position in $TZA today.

Thanks

not extreme enough.

Thanks, for your input.
I usually scale in a little too early I will try for a better price.

GM

the open.

Cobra wrote:

Rocket_Trades wrote:Good Morning Cobra,
What do you think of the $CPC too low? time for reversal.
I am neither bull nor bear

http://stockcharts.com/h-sc/ui?s=$CPC&p ... 5531381860

I am starting a position in $TZA today.

Thanks

not extreme enough.

Not many left to squeeze it seems to me. Less violent moves up?

short crude from 98.6 for gap fill.. will cover near @ 98. stop even

EUR could be a small cup ( shaded circle) ... still defending 1.4060 and futures above 1.4055 which is bullish for Dow also so far as mentioned yesturday.But no clear direction yet

Surf's up.
SPX http://99ercharts.blogspot.com/2011/07/spx_20.html

AAPL getting sold hard. Cobra was right , good call man

GS - bad earnings, gaps down, then rallies; AAPL - good earnings: gaps up, sells off

Rising Wedge in the SPX 2 min Chart + Neg Div!

aapl is doing well. sold some 400 calls to harvest a little. my target still remains at 420 or maybe 430

agnosia wrote:short crude from 98.6 for gap fill.. will cover near @ 98. stop even

covered @ 98.15.. for +.45