Cobra's Market View

Small gap down so my guess is the gap will be filled.

Purely feelings, the Global ES may need test the overnight low at least, such a test may break the low a little bit.

Good morning, Cobra!

Morning Boss
Retail sales, empire mfg, and producer prices all slightly bull.

PAGING APPLE WATCHERS
New iPhone app that the net-auction boards are chattering about
http://www.auctionbytes.com/cab/abn/y11/m11/i14/s05

GM Cobra!
$DXY trade already started.
Yesterday it bounced from MM2/8.
Today’s resistance is a zone between 78.43 and 78.93.
Here is the updated $DXY Square:

Seems SPX is still in range trading for a while. Prices are limited by the slants of the pennant/triangles. Because the range is becoming narrower and narrower, I think bear safely counts to 2 to close their positions.

SPX 60 min. undecided:

AAPL yesterday:

well guys this is it.. my predictions so far are coming to fruition.

break below triangle - check.
smash through the other side in a strong counter move - soon to happen?

today is bullish opex day. my money is on the bull late day rally or overnight squeeze. good luck. gap below at 1237.25 /es

Good Morning.

Gee honey...what's happening with the Occupy movement?

http://99ercharts.blogspot.com/2011/11/occupy.html

So things are looking up?
EURUSD http://99ercharts.blogspot.com/2011/11/eurusd_15.html

Doesn't look like it.

So should we go to the beach?
ES http://99ercharts.blogspot.com/2011/11/es_15.html

Let's wait and see.

Com'on...should we or not?
YM http://99ercharts.blogspot.com/2011/11/ym_15.html

Okay...let's go. Bikini?

agnosia wrote:well guys this is it.. my predictions so far are coming to fruition.

break below triangle - check.
smash through the other side in a strong counter move - soon to happen?

today is bullish opex day. my money is on the bull late day rally or overnight squeeze. good luck. gap below at 1237.25 /es

Good morning all

it seems some powerful forces desperately try to hold the magic 1244 level upright against all attacks:

agnosia wrote:well guys this is it.. my predictions so far are coming to fruition.

break below triangle - check.
smash through the other side in a strong counter move - soon to happen?

today is bullish opex day. my money is on the bull late day rally or overnight squeeze. good luck. gap below at 1237.25 /es

Are we looking at the same triangle?
If yes, they will have to drop significantly more, after opening, to fulfill your prediction.
I’ll be watching too…
GL!

Anyone showing a ghost candle on SPY for yesterday, my strategy desk is showing one at around 9:40 going up to the 127.40 area.

Dorsey Wright P & F Charts show triangle has formed..The CONFIRMED break must be 1280 for move into the 1320 area or 1220 for a move dn into 1190 and below.Must have a confirmed move befor either up/dn targets are good so remember 1280/1220..DW charts are ususlly right..When will it happen who knows but watch for it.

The DAX looks like it may be forming an H&S. I'd like to see several days of pullback. It's been a while since we saw such an event.

For any bank bulls on board ?
From copyright Credit Suisse’s Traders Forum [kool-aid] this morning.
[Recall that regionals KRE are the “strongest” in the weak banking sector]
“Regional Banks…Bottom Line: Regulatory filings indicates strong loan growth in 4Q11; Reiterate OP [outperform] on FITB
As of 11/2/11, industry loan balances were up 1.8% y/y and 1.7% over the last three months, which compares to 1.1% and 1.7% on 9/28/11 according to the Fed's H8 data. This is led mostly by strong C&I loan growth (large case) and residential mortgage. The large and mid cap US Regional Banks are wellpositioned for this trend, as C&I loans compose 23% of assets. FITB is among the best positioned for loan growth given its loan mix (and geography).”

GM,
Here is where we are since Yesturday's high

IMO here are the current support and resistance levels for oil, gold, and silver.

http://rocstockmarketlevels.blogspot.co ... il_15.html
http://rocstockmarketlevels.blogspot.co ... ld_15.html
http://rocstockmarketlevels.blogspot.co ... er_15.html