Cobra's Market View

small phantom bar 115.5333, dunno if it matters as much since low of the day so far is below that bar.

Petsamo wrote:Bad tick on EWZ on the 1 min chart, pointing down. Anyone else see it?

69.29. ouch.

agnosia wrote:euro getting clobbered. no idea why... i am long crude 94.95, stop even

dollar strength across the board, with maybe gold flipflopping.

P-bar target reached.It seems any P-bar is always reached regardless of good or bad news. The Phantom Bar strikes again! This one was particularly impressive for the size of the move given the open. Those phantom bars are really quite scary. I can't even begin to come up with why that works as a ta...

was this a strong bull bar? good enough to knock bears out for today?

edwindes wrote:any body know what made the market pop?

*ARIZONA REPUBLICAN FLAKE TO SUPPORT DEBT BILL, OPPOSED EARLIER

Flake was one of the main people that killed the vote last night...so big reversal

they were 5 short last night, so supposedly this would help

anyone else see phantom bar down to 128 in SPY?

market also expects some sort of resolution from european union tomorrow

Cobra wrote:the next resistance, with multiple fibs. although I'm now ready to be bull but still the market is lifted by just a few heavy weighted stocks, so I'm cautious here. Never heard SPY leads RSP. Apparently RSP is lagging now.

What about the last half of 2006?

1. macro funds are not involved in equities, but you can be sure they are short treasuries and have been getting trashed. How long before they figure out that being long equities becomes a hedge for them? 2. internals look like crap, breadth tells me to sell, industrials unable to outperform, emergi...

I know, I remember. I bot nas ~ that time. bot some yest too.

AAPL ytd high

moon cycle day?

copper getting slammed

what is going on, mkt breadth spiked and EUR just bounced off 1.40??

SAN - Banco Santander
BNP - BNP Paribas
DBK - Deutsche Bank

looks like the mkt bounced them from major support levels dating back to early this year/late last year.

China rumored to be asking the ECB on pricing for euroland bonds. If they become bid for bonds, then this effectively kicks the euroland issue down the road again. Also european banks are UP on the day, and clients are coming in to unwind hedges.

tomorrow, the vote is on whether to vote on the austerity package. That vote occurs on thursday.
at 3amEST, (10am local time) will start the session, but there is no fixed time for the occurence of the vote.

FXI is much more correlated with the Hang Seng Index, as these are H-shares trading on the Hong Kong stock exchange.

DJ Greece Agrees With IMF, EU On 5-Year Austerity Plan -Reuters


the parliment still needs to vote on this tho, so is not really news