Cobra's Market View

Twitter dead? I cannot send anything out.

Equal weighted Qs (QQEW) much weaker than AAPL and Q
1 min

Cobra wrote:volume surge, might see rebound but the rebound would fail.

Yes...rebound for IWM here also...but (as Cobra said for SPY)... rebound should fail!

Cobra wrote:Twitter dead? I cannot send anything out.

Yep, twitter is down

Potential double bottom on SPY, IWM, and others

CognitiveDissonance wrote:

Cobra wrote:Twitter dead? I cannot send anything out.

Yep, twitter is down

Same here: twitter down!

CognitiveDissonance wrote:

Cobra wrote:Twitter dead? I cannot send anything out.

Yep, twitter is down

CNBC confirms this

cougar wrote:

CognitiveDissonance wrote:

Cobra wrote:Twitter dead? I cannot send anything out.

Yep, twitter is down

Same here: twitter down!

good, at least saves me some "repost time". every post here, I have to re-post two more time. now only one more time needed.

OH NOOOOES!!!!
WHAT WILL WE DO WITHOUT TWITTER!!!

Anyway.. small pbar to 134.26 on SPY

Looks (to me) like weak support in the yellow volume zone 5 min
But still

trend line resistance. still not looking good. rebound should at least exceed tint area before bigger rebound is possible.

Some daily perspective on gold. #1 I believe this is final corrective stage. Invest for summer bull run after this (and this in part I state from CaseyResearch subscription newsletter-will post a study chart from them later).
If my golden 'M' pattern holds true, target around $1525. (orange rectangles)
If Wolfwave is true here, target also around $1525.
Presently silver nearing fib fab 100% retracement...gold should follow suit? Well, at least she's done passed under the 23.6%.
Wasn't yest. a messy bloody little battle!
Lot 'o folk pinned the tail on a bunch of donkeys ( miner stocks) only to get kicked.
Casey's list of what they ~# like #~:
AEM, EGO, GG, KGC, GOLD, AUY, RGLD, SLW, SVM, (near complete list).

Gap fill on XLF.

watch bonds
TLT
TBT

damn i am buy and hope now. shd not buy anything before lunch
what is twitter? does it do anything good?

lunch time, will be back. touch EMA20 would be a short (L2), normally.

The RSI's and the STOH's for the IWM,COMP,and SPX are all dn in reversal area and the indexes are now in very strong support area..It may be time to sell the shorts..But only the mkt knows.

IWM new low

KENA wrote:The RSI's and the STOH's for the IWM,COMP,and SPX are all dn in reversal area and the indexes are now in very strong support area..It may be time to sell the shorts..But only the mkt knows.

it's hard to tell. rumor says couple major banks will be downgraded after hour. market is pricing it in

SPX: The internal structure of the current pullback is corrective