Back to www.cobrasmarketview.com

04/07/2011 Intraday Watering

Post Reply
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

04/07/2011 Intraday Watering

Post by Cobra »

Small gap down open so chances are good that the gap will be filled. I just hope today is not another range day. Just a reminder, oil keeps rising, well, guess it's not a big deal anyway.
1.png
Institutional actions from stocktiming.
2.png
2.png (28 KiB) Viewed 26910 times
3.png
3.png (32.26 KiB) Viewed 26910 times

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
99er
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm
Contact:

Re: 04/07/2011 Intraday Watering

Post by 99er »

User avatar
99er
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm
Contact:

Re: 04/07/2011 Intraday Watering

Post by 99er »

EkOnkaar
Posts: 53
Joined: Wed Mar 02, 2011 9:58 am

Re: 04/07/2011 Intraday Watering

Post by EkOnkaar »

Given higher oil, ECB rate increase, there will be some negative sentiment, while better unemployment, retail sales will get bulls in..sounds like a range day..let's see.
Ek
User avatar
KENA
Posts: 2996
Joined: Tue Feb 15, 2011 1:54 pm

Re: 04/07/2011 Intraday Watering

Post by KENA »

The Banking index is slowly creeping up so is looking better.Institutions were in accumulation yesterday.Liquidity in the Mkt is high.This mkt may just keep creeping up without any major correction until Big Ben gets out of the Mkt.
User avatar
99er
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm
Contact:

Re: 04/07/2011 Intraday Watering

Post by 99er »

SPX
If this thing doesn't fall, I'm taking my marbles home.
http://99ercharts.blogspot.com/2011/04/spx_07.html
cletus
Posts: 1445
Joined: Wed Feb 16, 2011 10:45 am

Re: 04/07/2011 Intraday Watering

Post by cletus »

Financials and REITs are flat on the open while the SPY gaps down, so it's slightly more bullish than bearish, but financials are overbought. We're set up for a trend type move in one direction or the other, and it is a little more likely to be down than up given the volume recently, but it will have to happen today. If the VIX is up huge on this tiny gap down, consider it very bullish.
cletus
Posts: 1445
Joined: Wed Feb 16, 2011 10:45 am

Re: 04/07/2011 Intraday Watering

Post by cletus »

Today we will probably find out if this is a valid bull wedge or if they just press the lower boundary and make it invalid.
Attachments
Untitled.png
agnosia
Posts: 1491
Joined: Fri Mar 11, 2011 10:59 am

Re: 04/07/2011 Intraday Watering

Post by agnosia »

good morning. it's really unfortunate that oil is rising because the fundamentals don't justify this lofty price. last month gasoline demand was down over 1% ... also the excuse has been weak dollar but today the dollar is rising???
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 04/07/2011 Intraday Watering

Post by BullBear52x »

cletus wrote:Today we will probably find out if this is a valid bull wedge or if they just press the lower boundary and make it invalid.
it's getting close for the financial
Attachments
Finance.JPG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/07/2011 Intraday Watering

Post by Cobra »

The open.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
cletus
Posts: 1445
Joined: Wed Feb 16, 2011 10:45 am

Re: 04/07/2011 Intraday Watering

Post by cletus »

REITS weak today, DRV up, that favors the bears. Financials are led by the REITS, not vice versa, in my experience.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 04/07/2011 Intraday Watering

Post by BullBear52x »

sso and spy fibo targets
Attachments
spy.JPG
My comments are for entertainment/educational purpose only. NOT a trade advice.
cletus
Posts: 1445
Joined: Wed Feb 16, 2011 10:45 am

Re: 04/07/2011 Intraday Watering

Post by cletus »

Descending triangle breakdown in REITs?
Attachments
sc.png
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/07/2011 Intraday Watering

Post by Cobra »

I won't hope this is a kiss channel goodbye. Instead, I instinctively think that we're going very very high from here. :mrgreen:
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
cletus
Posts: 1445
Joined: Wed Feb 16, 2011 10:45 am

Re: 04/07/2011 Intraday Watering

Post by cletus »

REITs are collapsing. Even if the market is firm today, if REITs are down huge today and the market is not, the S&P will collapse probably tomorrow. I've seen it happen before. Pay attention to whether REITs can rally back or if they keep selling off. REITs are a bit oversold though.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 04/07/2011 Intraday Watering

Post by BullBear52x »

Wow! SPY 133.71 now become a support, let see how this support hold up, if so BUY BUY BUY.
My comments are for entertainment/educational purpose only. NOT a trade advice.
stocksage
Posts: 134
Joined: Thu Mar 10, 2011 11:01 am

Re: 04/07/2011 Intraday Watering

Post by stocksage »

Market is not going down substantially til late May. Bears hear just keep losing capital.
Dow Trader
Posts: 733
Joined: Thu Feb 17, 2011 11:59 am

Re: 04/07/2011 Intraday Watering

Post by Dow Trader »

Shorted Dow (not for a day trade)
vix below 16.60 :ugeek:
User avatar
KENA
Posts: 2996
Joined: Tue Feb 15, 2011 1:54 pm

Re: 04/07/2011 Intraday Watering

Post by KENA »

stocksage wrote:Market is not going down substantially til late May. Bears hear just keep losing capital.
YES... but we may have a pull back befor going much higher. The NYSI now is about at its max if the negitive div. Holds true as it has for the last 1 1/2 yrs.
Post Reply