Cobra's Market View

Up 2 weeks in a row, the next week has 54% chances to close up, 76% chances to make a higher high.

So more up.

ITB, Home Construction, has been doing well.

Two stocks, LEN and PHM, reflect that rise.

SPY daily.

Helluva move up since January.

Trend up, as shown by the EMA 20.

EMAs 20 50 100 all up, and in the right order.

Bollinger up.

Volume up 3 days in a row.

In a range for 6 days.

2nd hit at the top, looking for a breakout.

Very shallow pullback (a pause), then a bounce.

Lots to like.

As always it could easily go for a serious pullback.

''Let's be careful out there,'' said the roll call sergeant on Hill Street Blues.

. For now, we are back into the tight trading range

Over the weekend, please take a little time to vote for Cobra, thanks: https://stockcharts.com/public/1684859/ ... /533449377