Cobra's Market View

Meanwhile over on the NASDAQ
The internals ratios are 2-to-1 bear
And QQQ prints lower lows

On this narrow view, the only thing holding up is banks
One day only
%

UH OH
Rally in USD/JPY could kill bears.

Out of Bounds wrote:UH OH
Rally in USD/JPY could kill bears.

maybe just a 50d SMA retest from underneath... @ 102.401 atm

wow. so bullish crosses on spy macd are market tops now? really?

“David Einhorn's hedge fund firm Greenlight Capital is out with is first quarter letter. In it, they talk about how a potential bubble in tech is forming.
As such, they've shorted a basket of momentum names in small size in order to manage risk...”
http://www.marketfolly.com/2014/04/gree ... t+Folly%29

SPX 5m.. trying to hold a base... weak bounce and turn = orange descending triangle.. other wise ... double bottom?

I don't know what to make of today.

1/TRIN was showing an unexpected bull move
SPY ignored it and continued down
Now it can’t be ignored

Earnings after the bell: $ANGI $AAPL $CTXS $ETFC $FFIV $FB $FTNT $FIO $INFN $LRCX $QCOM $NOW $TXN $ZNGA

i get a bullish setup on $ua too. er bmo tomorrow

SPX 5m

any gann guy here? i played with the code. can anybody check for me?

This is in part a CoryRosemblum study (et.al.). Looking ominous for a near future (mañana¿) down move.

I missed this 1st move but did read last night where GoldmanSachs tooted the miners, though /GC, /SI is not all that positive yet. The background indicator is TRIX. I will be looking for that next higher low on it before buying calls on GDX.