Cobra's Market View

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Kind of consolidation pattern so the bias is up? I'm neutral.

the week's stock picks are here: http://www.cobrasmarketview.com/2013/11 ... ock-picks/

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

Not much action overnite.. so far, so good

No charts necessary: in every time frame across all major averages (SPY, DIA, QQQ, IWM) it's buy mode/be long/momo is at your back/don't be short.

Turkey rally in full attack mode!

Pending home sales at 10:00 ET, estimate is +1.3% vs prior -5.6%

Ellipses suggest resistance at 1812

note copper JJC

Al_Dente wrote:Pending home sales at 10:00 ET, estimate is +1.3% vs prior -5.6%

Meh...! At this point don't know if that's right or wrong, bad or good...

Looks like Pre mkt PB dn to 180.81 may be filled

Update Fib fans:

http:/

Pending home sales just came in red at -0.6%
estimate was +1.3% and prior was -5.6%

morning dip, let's wait to see if those aggressive dip buyers once again come in.

SPX 60m... top trendline.. has a little wiggle room.. as it depends on how you connect the dots..

Watch the Banking index. Trying for a double top??? It may break above this time....If not it may be a good short. Lets see.

Update Fib fans:

Liquidity back up to high max..Bears can't win .(yet.But wait it's getting close)

Neutral.

My summation signal turned up for the S&P overnight. It is neutral for the R2K but could turn up with fresh highs.
My composite trend signal is up.

I wasn't willing to trade the turn of my S&P summation signal in a Sunday night after-hours market up here in this thin air.
The potential reward to risk arrangement does not look attractive here.
I'll watch how today's session goes and use discretion here.

Remember this 10 min chart is very short term, mostly for daytrades, but be advised the 30 min is positive ,but weak...