Cobra's Market View

Gap up above Friday's range so chances are the gap won't be filled, I'm not sure because now ES is testing the previous high, since anytime the retest happens, there's a chances for reversal so we need wait and see.

overnight market is pretty strong, almost no dip at all. Don't know if it is good or bad sign. Wait for regular hour to open

Good morning,

Looks pretty bullish so far

http://imageshack.us/photo/my-images/84/captureadh.png/

the open and I think there should be a pullback of some kind, don't think it'll shoot up from here.

Many people were lucky, but some got caught on the wrong foot this morning..

again, I'd be very surprised if the market could up huge here without taking a breath, that'd be like no gravity at all. we'll see.

morning gang.
1200 overhead res. most of my indicators showing topped, except price (again). es need to revisit 1180 area to verify the b-o

Cobra wrote:again, I'd be very surprised if the market could up huge here without taking a breath, that'd be like no gravity at all. we'll see.

GM, the message is DT selling here right? I still hold under water short etfs, so long <120ish bears still got a chance to get out with less pain will see the day is young.

sometimes things can defy gravity

although only for a short time...

Morning all . C&H target met on PCLN from Friday.
Exited my call for a sweet 20% gain! Long PCLN again above 516.53

bears last stand, a penny away from screaming buy.

Resistance at 1195. I'd love to see a crazy intraday pop up to 1212 (some kind of bull-trap) and to short that, but some guys are already selling at 1195. You Cobra? Or is it Mr. Bear himself, the 99er?

Nasdaq gapped open and closed the gap down to 2,488 and created a gap up to 2,486. Maybe this one does not get closed since the range is so tight. rocstocktrader.webs.com

BullBear52x wrote:bears last stand, a penny away from screaming buy.

Don't think 1212 can be cracked...

Resistance taken out, but looks a bit toppish from here..

http://img687.imageshack.us/img687/2370/capturefus.png

Exit with green. agree with Cobra, "surprised if the market could up huge here without taking a breath, that'd be like no gravity at all."

uempel wrote:

BullBear52x wrote:bears last stand, a penny away from screaming buy.

Don't think 1212 can be cracked...

DBV is strong, lot of cash since ECB intervention and now I heard BOJ is also involve in helping hand, China is not happy about this any more. currencies war is on. I hope you're right on 1212 resistance since I am on the sell side (shaky bear )

The Dallas Fed Mfg Survey seems underestimated at -0.6. Actual numbers come out at 10:30.

A look at the 60 min:

consolidation instead of a pullback is good, more likely to breakout eventually, let's see.