Cobra's Market View

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Small Gap up above Friday's high, so not sure if the gap will be filled.

I see Double Bottom breakout on the Global ES chart, text book target at 1432. It's also 3 Push Down, which means the current rebound should be at least 2 legged. So all in all, not be for bulls in the short-term.

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

oil and gold may have more selling ahead.

Disney is paying $4.05 billion to buy Lucasfilm Ltd… It's also making a seventh movie in the Star Wars series
http://www.thestockmasters.com/Walt-Dis ... 0302012-01

the open.

My ScottradeELITE intraday charts are so screwed up ...

“…very few people seem to be operating normally, regardless of where they live. Lots of quote issues, Bloomberg not running normally, connectivity problems. This is not remotely an ideal set of conditions for trading….”
http://www.ritholtz.com/blog/2012/10/ma ... Picture%29

I'm not trading today. Maybe not this week.

Does anyone know why Russells and Nas are lagging the Dow and S&P

Out of Bounds wrote:I'm not trading today. Maybe not this week.

We're suppose to bounce and rally to SPX 1600. You should go long on something. Make it small if you want.

Good Morning, nice to have you all back sound and save. Wish you a good start

trend line resistance.

relative strength
note aapl

Petsamo wrote:

Out of Bounds wrote:I'm not trading today. Maybe not this week.

We're suppose to bounce and rally to SPX 1600. You should go long on something. Make it small if you want.

I have my core longs and if we do, I'll be happy enough!

Speculation that HD and LOW will benefit from rebuilding

the 3rd hourly black bar in a row, the previous two were all sold off but this is the 3rd time, could be the charm?

Al_Dente wrote:Speculation that HD and LOW will benefit from rebuilding

OC might be another one

GDX having a big day today, wow! I'd say overextended but who knows what "overextended" means with everything going on

TradersF wrote:Does anyone know why Russells and Nas are lagging the Dow and S&P

Well i guess no one can help me. Thanks anyway.
BTW. I'm long TNA since late on Friday.