Cobra's Market View

DJT, XBD lod

Levered small caps are also about to hit support pivot 2, have to watch and see if it slows it down.....

te_fern wrote:Pasta Boss, meant to tell you that I pick up another year plus 3 free months from stockcharts, but I don't think the data feeds were on sale. Does look like you can toggle them on and off which is good for traveling etc. Thanks for the reminder!

My view of the smalls looks like they have stopped the bleeding for now as the indicators I follow move into the chop zone.

Zerohedge retweeting Wall Street Journal Senator Corker says probably have the votes
2 minutes ago

Like Pavlov's dogs here we go into the green.

XLK had spent not a minute under its 20day MA for two months.. until the last couple days. It's below now, just barely...

I hope they save a little buying power for the actual vote. 2660 isn't that far away

Trades with cats wrote:Like Pavlov's dogs here we go into the green.

BTFD

seatbelts.

Pretty clear Coker is no match for McCain as far as Wall Street is concerned.

My big issue with the small caps is the number of contracts on the bid/ask. Rarely is it in double digits so while the smalls show a huge appeal as a trader the volume just isn't there to trade more than a couple of contracts. On the ES FuturesTrader 71 tracts large traders separately defined as 29 or more contracts per trade.That is 3.75 million dollars notational with an overnight margin requirement of $160,000.
So it is what it is.

NY advancing stocks = 1.1 x declining stocks
NY advancing volume = 1.8 x declining volume
Narrow: lots of volume moving into not-very-many stocks

okay then, here's those "not-very-many stocks," all OEX, large caps, intraday, sorted by greens

This is free. http://blogs.marketwatch.com/capitolrep ... e-updates/

Speaking of "not very many", Advance/Decline on NYSE continues to narrow. The bullish plurality is lessening.

Trades with cats wrote:This is free.

Thx

Al_Dente wrote:okay then, here's those "not-very-many stocks," all OEX, large caps, intraday, sorted by greens

121oex.png.png

Wow, looks like an energy day...

Someone said something...

GLD, SLV hod
Mkt breadth continues to weaken.