Cobra's Market View

Kind of looks like the mkt wants to test yesterdays close..Lets see.

mini rebound target my guess.

I see short term support a bit lower, don't quite understand the 1394 support....

the reason to be bearish see XLF

Good morning to all. Cobra, what's your feeling on the impulse system SSO buy stop recommended last night given todays early action?

UK GDP ESTIMATE...EDIT: no change 0.1

AAPL volatility charts at the cboe (the grey charts are current)
http://www.cboe.com/micro/EquityVix/VXAPL/

uempel wrote:I see short term support a bit lower, don't quite understand the 1394 support....

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1394ish is the measurement of the last leg down, the break down means trend has changed.

F has been in its wave (4) triangle a bit longer than the SPX. Clearly a corrective pattern, that looks to be completing. Of course it can turn into a complex corrective wave as the triangle is followed by another corrective pattern. But, for now it's showing strength, which provides some life for the bulls

i am kinda thinking of buy dip around es 1386-87 level. this market is stronger than i think

Don't forget the day after Easter which is MON. is bearish 80%.May be good plan to hold short over the long weekend.

IWM is the only one that wants to drop

The view of AD is a bit misleading, as
Nyadv is ~1300
Nydec is ~1300
(50/50) = range/choppy day at the moment

But whatever happens, SOME will buy the dip to make things look "good" for all the sheeple still in this crazy market..

they are: http://www.zerohedge.com/news/meet-peop ... aily-basis

IWM is the weakest link.

nothing to say, consolidation here is no good for bulls, bulls need breakout above current area as soon as possible.

torus wrote:Good morning to all. Cobra, what's your feeling on the impulse system SSO buy stop recommended last night given todays early action?

mechanical system, follow without brain, otherwise the statistics would be meaningless. The buy stop is wrong in yesterday's Trading Signals report though, should be $58.02.

melsinfo

a look at gaps, 137 makes sense but the gap from day before makes sense too.

/ES then and now