Cobra's Market View

Honey?
SPX http://99ercharts.blogspot.com/2011/11/spx_5196.html

Start the car.

98.99 gap filled on /cl. looks like a bull flag to me.. gap above at 99.59 and next magic gap is 100.74... i am long against the open and holding for the ride to 100.

once we get though /es 1256 resistance we are headed for the moon?

Cobra wrote:

Dow Trader wrote:Cup !!!

this is market is amazingly bullish biased, finding any excuse to be up.

i guess it's easy to be bullish when the markets are so correlated to the euro and Europe wants a stronger euro and the US wants a weaker dollar......

Cobra wrote:gap filled. must be some very good news.

and here the chart for the bulls if they can follow through:

She looks toppy to me...short with stop at today's high

stucap wrote:

Cobra wrote:

Dow Trader wrote:Cup !!!

this is market is amazingly bullish biased, finding any excuse to be up.

i guess it's easy to be bullish when the markets are so correlated to the euro and Europe wants a stronger euro and the US wants a weaker dollar......

no, us wants weak dollar but wants euro gone, so it can print as much dollar as it likes. the rest of the world doesn't want euro gone.

I just sold into this rally

Any news pushed the market up so quick?
EU is almost green too... weird.

Update:

5 dma and mid BB saving the fall right now, not going to take long, it will fail today I can smell it.

that 78 dollar line seems to be magic, no bull until she falls below....

Cobra wrote:

stucap wrote:

Cobra wrote:

Dow Trader wrote:Cup !!!

this is market is amazingly bullish biased, finding any excuse to be up.

i guess it's easy to be bullish when the markets are so correlated to the euro and Europe wants a stronger euro and the US wants a weaker dollar......

no, us wants weak dollar but wants euro gone, so it can print as much dollar as it likes. the rest of the world doesn't want euro gone.

Morning Cobra and all.
You are right, if euro is gone, nobody can fight with usd, and fed(and the super rich) will smile and the rest of the world (including us people) will cry...

AAPL swing target,on 60 min ~ 391

Al_Dente wrote:Early four musketeers update. VERY SHORT TERM (intraday)
China and Germany broke out of their downtrend line
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =248748719

That's a great one Al, looking to buy on a push up from a lower low, let's see...

Internals
IMHO kool-aid: I don’t see bias bull, I see bias lobster but red
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592

Honey...I gotta change.
RUT http://99ercharts.blogspot.com/2011/11/rut_15.html

Why? Skiing moguls in your bikini should be great!

Petsamo wrote:I just sold into this rally

Me too. 125.5 short. Swing trade to 1200.

20 DMA is at 1247.68 - many consider this an important reference point for their positions

look at DIA RSI here, daily, once 50 line breached the bears will have it for few more days.

SB73 wrote:She looks toppy to me...short with stop at today's high

I will be looking at closing out most short positions today and tomorrow with a long bias through Thanksgiving. Hard to argue with the season statistics.