Cobra's Market View

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Normally this pullback would be bought because the previous push up was so strong.

members only update starts here: http://www.cobrasmarketview.com/2013/11 ... ay-update/

Morning Hightower blurb,and for fun... glta.

Initial jobless claims estimated at 330k came in pre-mkt at 339k (red)

Yellen’s prepared remarks (she’s scheduled at 10:00am ET) are here:
http://www.federalreserve.gov/newsevent ... 31114a.htm

If you want more rally, SPY will have to breach the upper BB:

DellGriffith wrote:If you want more rally, SPY will have to breach the upper BB:

and you think that can not happen? LOL...this market is on steroid...

DellGriffith wrote:If you want more rally, SPY will have to breach the upper BB:

It could just grind up along that band for a few days.

Looking back at the 97/98 rally. But note that the 1997/98 rally had a steeper angle than the 2013 rally.

odd no Pomo buying this am, here is VIX, I/T say do not buy stocks here, a bit short smalls, outa the TLT longs

pullback so far weak, so bias is up.

for MR daytradingES, here is some gann candy (same as a few months ago, prior today's open)

Is this anything?
The odd thing about that current bolinger piercing is that usually the bull is accompanied by an upswing of the upper bolinger band. Today’s upper bolinger band is curving downward.

wait for h2. h1 by the way worked, I just don't trade the first 30 min.

uempel wrote:Looking back at the 97/98 rally. But note that the 1997/98 rally had a steeper angle than the 2013 rally.

1998.png

2013.png

yeah, but...

Glad to know I wasn't the only one gobsmacked by this.

http://stockporn.blogspot.com

unsure what to make of Trin here (before open), Bretz rule is 5 days average=4 means sell stocks, not calculated on this chart-watch for multiple closes below .8, the ATR seems to be a medicre proxy

uempel wrote:Looking back at the 97/98 rally. But note that the 1997/98 rally had a steeper angle than the 2013 rally.

1998.png

2013.png

I'll pass on buying there.

h2 long.

GOLD GLD
CAVEAT: THIS ONLY GOES BACK FOUR (4) YEARS so the sample size is way toooo small
Nonetheless, just for fun, FIND THE 100% WIN RATE
http://paststat.com/blog/when-gld-down- ... what-next/