Cobra's Market View

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Another possible double bottom, wait and see, I'm neutral.

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

Hightower. glta.

Retail sales reported at 0.4% (green) vs estimates of 0.1%
10:00 am ET Existing home sales expected at 5.13M

Something for the bulls

zh reported a “gold slamdown” hours ago
http://www.zerohedge.com/news/2013-11-2 ... arket-halt

and something fot the bitcoins' lovers ! -50%

SPX 60m... possible bearish rising wedge as we wait for the FED minutes 2:00pm EST http://mam.econoday.com/
Mind the cyan levels of relatively strong support.

SPX 15m

Liquidity is still high but did drop a little yesterday..It is what it is bears. Until liquidity starts coming dn the up trend will continue. Stocktiming has been saying we are at a danger level in mkt but most of us know that. IMO we could have a drop anytime.Time wise next week should be bullish. So we wait and see.

my guess.

Double top JPM

updated 60m $RUT

Notice the July/Aug area of the chart and compare to Oct/Nov and you can see that a dn move may be soon.(days or weeks??)

haven't looked at AAPL in a bit.. 60m. also a possible bearish rising wedge.

Existing home sales = 5.12M
soft
expected at 5.13M; prior was 5.29M

we might be here.

Nyadv 1500
Nydec 1200
Up/down volume ratio 1.6 to 1
Range day with bull advantage at the moment

messy VIX 15m... cyan bullish falling wedge target hit... need to clean up this chart.