Cobra's Market View

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Flat open so any gap will be filled.

Global ES touched the Fib confluences area I mentioned yesterday and have a strong coming back, I don't have any evidences but my guess is this rebound may have 2nd leg because the push down could be seen as 3 Push Down, so now it's time for 2 legged up?

members only update starts here: http://www.cobrasmarketview.com/2012/10 ... ay-update/

Weak dollar = strong stocks. 4th quarter earnings looking better. Just saying. Good morning and Good Trading.

An interesting article that is projecting a market top by the end of this month.
http://seekingalpha.com/article/912501- ... urce=yahoo

GM folks

I was right with DAX rising wedge, 5 waves down are completed looking to resell 3 waves back to 50fib or 61.8 EURO tested 21 MA so far is holding but daily sell signal was issued today (long until MA holds) Crude oil : watching possible falling wedge ASIA : I am interested in this one for swing (with tight SL) One more thing market is not my priority today http://www.redbullstratos.com/live

Harapa wrote:An interesting article that is projecting a market top by the end of this month.
http://seekingalpha.com/article/912501- ... urce=yahoo

I thought i was looking at one now.

the open. visiting yesterday's low.

An Article;
One Algorithm Made Up 4% Of All Trading Last Week, And No One Knows Where It Came From
No one knows where it came from, or what it was meant to do, but 4% of all trading in the U.S. stock market last week was executed by one algorithm, CNBC reports.

Nanex, a market data firm, told CNBC that the algorithm was placing orders once every 25 milliseconds and then canceling them. The orders went out in bursts of 200, then 400, and then 1,000 orders.

Then suddenly, around 10:30 AM on Friday, the algorithm stopped entirely.

So why would someone put out fake orders like this?

A trader explained to us that this is a high frequency trading firm's way of baiting buyers interested in purchasing a specific stock and forcing them to reveal their positions. Once the potential buyer has put out their bid, the HFT cancels the order and the buyer is left out in the open. Usually, its a set-up for another trading strategy the HFT is about to execute.

It didn't take long for SPY to bust yesterday's low

PHK's getting slammed

unbelievably strong gap support.

Anyone have a high dividend (income) stock (ETF) they like ?

Did we just get bad news ?
IWM is close to busting yesterday's low, if it hasn't busted it already

Petsamo wrote:Anyone have a high dividend (income) stock (ETF) they like ?

DVY isn't bad.

gap not filled yet.

stucap wrote:

Petsamo wrote:Anyone have a high dividend (income) stock (ETF) they like ?

DVY isn't bad.

Thanks
If PHK does one more dip, I'll play it

XIV wedge support

XIV long term support line..a fall below would be very bearish when we get to that point...

members only update: http://www.cobrasmarketview.com/2012/10 ... ay-update/

Petsamo wrote:

stucap wrote:

Petsamo wrote:Anyone have a high dividend (income) stock (ETF) they like ?

DVY isn't bad.

Thanks
If PHK does one more dip, I'll play it

Make sure you research it's NAV too. I just did a quick search and it looks like it's NAV is $8.38 but market value as of this second is $12.95. That's quite a premium.