Cobra's Market View

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I'm neutral, we're in range bounded by blue lines. Again, in the past, we're already up into Galaxy far far away, where are those past mad cows?

members only update starts here: http://www.cobrasmarketview.com/2015/01 ... ay-update/

SPX into possible resistance.. VIX possible support… mind the open gaps.. above and below

SPX.. still possible RS/bear flag.. should we turn and burn here

YHOO and BABA are in the news again
Most think the FED will raise rates in “June” or “Summer”
Few outliers think they’ll raise it 25 basis points today
Can you remember the last time the FED did the opposite of what we expected them to do?

INDEX .. NDX tags 50d .. yesterday NDX <20<50d vs COMPQ >20d>50d

AAPL

Cobra chart (Yong Pan)

SPY - the 50% fib retrace level is still a contested zone (ca 203.65)

QQQ near hod

Naz adv WAY off their high, just past open. Strong divergence there.

internals a tad weak.. T2104 diverging from SPX a tad

morning hourly black bar.

I don't like first black bar of the morning. Need above this dotted blue line about 117.60ish.

Xian wrote:I don't like first black bar of the morning. Need above this dotted blue line about 117.60ish.

Indeed. The contest is on.

Uempel's BPs not backing a strong move. Mixed, at best.

RSI flattening on most time frames for the fruit.

Large cap tech, and lg cap in genl is the RS leader today.

Opposite of yest... IWM, EEM are rs laggards.

K447 wrote:

Xian wrote:I don't like first black bar of the morning. Need above this dotted blue line about 117.60ish.

Indeed. The contest is on.

*

SPX red line..

Shorting AAPL $117