Cobra's Market View

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the rebound may have legs.

members only update starts here: http://www.cobrasmarketview.com/2018/02 ... ay-update/

/ES SPX SPY retesting neckline /ES oLOD goes.. target is 2659

mind SPX gap fill yLOD

Overnight gap up on YM, ES and NQ.

TLT hod, and encountering former support/now resistance at 117.50

XOP, IYR, ILF hod
XBD, KRE lod (XLF close to lod)

Most sectors are mid-range

QQQ, IWM testing their (downslope) 15min 20ema.
SPY not there yet. [UPDATE: SPY there]

SPY and IWM are at their daily VWAP, QQQ holding well above it.

a little resistance here.

fehro wrote:/ES SPX SPY retesting neckline /ES oLOD goes.. target is 2659

mind SPX gap fill yLOD

Try again? .. thanks to oil report.. indexes got juiced

fehro wrote:thanks to oil report.. indexes got juiced

Indeed. XLE up >2% today, XOP up >3%... most of those gains after the Open.

fehro wrote:

fehro wrote:/ES SPX SPY retesting neckline /ES oLOD goes.. target is 2659

mind SPX gap fill yLOD

Try again? .. thanks to oil report.. indexes got juiced

20d/50d 2730/32 .. soo close

fehro wrote:

fehro wrote:

fehro wrote:/ES SPX SPY retesting neckline /ES oLOD goes.. target is 2659

mind SPX gap fill yLOD

Try again? .. thanks to oil report.. indexes got juiced

20d/50d 2730/32 .. soo close

SPY 20d/50d here

dabble short SPX 2728ish 20d/50d tagged ish.. 0.80 short of 20d

May still be a tad early to set index shorts. Most of the sectors I track are still in the upper half of their daily range.

Daniel wrote:TLT hod, and encountering former support/now resistance at 117.50

TLT still struggling w this level. Now below, around the daily VWAP at 117.25

Much middling-ness on my trackers. RVX and VXN are well off their hod. Financials are hovering near their lod. QQQ is not showing intraday relative strength. Yet no clear internals are saying that the strong bounce from the waterfall selloff is over...

Daniel wrote:

Daniel wrote:TLT hod, and encountering former support/now resistance at 117.50

TLT still struggling w this level. Now below, around the daily VWAP at 117.25

fwiw 115.84 MAJOR level.

SPY poss lower high, recently, around the 272 level..?