Cobra's Market View

Small gap up open, within Friday's range, so chances are good that the gap will be filled. The seasonality is friendly to bulls as according to Stock Trader's Almanac, Monday before expiration, Dow up 14 of last 21, down 4 of last 6 though.
Institutional actions from stocktiming.

morning.

Good morning,Mr.Cobra

Morning.
SPX: H&S target of 1312.
http://99ercharts.blogspot.com/2011/04/spx_11.html
Good luck.

/ES
Rounding top shows distribution.
http://99ercharts.blogspot.com/2011/04/es-zb_11.html
And bonds get a bid.

EURUSD
Target 1.424.
http://99ercharts.blogspot.com/2011/04/eurusd_11.html

the open.

Market turning higher right at the support level and as the MACD coil target is hit. I assume the market will now press to new highs if the trend doesn't change in the next few days.

all above are resistances.

Good morning,

Traped in mid BB inside 1std. I see weakness lots of selling coming in.

Heads Up
For our friends in Europe, a public service announcement regarding radiation.
http://www.euractiv.com/en/health/radia ... ews-503947

so far the market is lifted by a few heavy weighted stocks, it's not a broad based rally, plus QQQ and AUDJPY are weak, so I doubt how far this rebound can go.

MA on all indexes still pointing down, dont buy it. sideways to down still in the card, DOW is healthy then any so far.

Cobra,

Headfake right now? Transports, Russell, and QQQ all weaker than the S&P.

Copper
Update.
http://99ercharts.blogspot.com/2011/04/copper_11.html

This is what I see from my screen. I see huge divergence here so I still doubt the rebound. That said, you all know that I longed at Friday's close what I'm trying to say here is I see things fairly, not merely because of my position.

beside SPY and DOW everything else now trades lower than the openning.

/ES
H&S target of 1300.
http://99ercharts.blogspot.com/2011/04/es_11.html

trades obove today's high before I Buy it.

Check out the VIX, down 8%. Wow. Not too bearish though, unless prices collapse right now.