Small gap up, so the gap will be filled and good chances a range day today. The Global ES looks not bad, had a higher low and higher high although the 2 push up overlaps so probably just a rebound not a strong push up ahead? Oil continue higher. And by the way, I've changed the URL of this board from http://www.cobrasmarketview.com to bbs.cobrasmarketview.com, so if you have a bookmark, please change it as well. The original http://www.cobrasmarketview.com is now doing auto redirect but the auto redirect will be removed soon.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Sorry, if price continue higher from here, then there'll be no overlapping.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
New week...FYI stocktiming.com for this morning says Institutions are neutral i n there buy/sell. ...Dollar is on a danger low point and must hold...Banking index down slightly...Use caution in trading...Not much new
greenback wrote:Saudi Arabia stock index has been up the third day ... the fear of instability is going away?
TASI 5,950.74 188.24 3.27% 2011/03/07 17:03:14
The index made a new 52 weeks low and broke the 6000 level then bounced. last week the index lost 13% so it is volatility there now. and the goverment announced yesturday that they will buy some stocks so the index went up 6%. But the real reason for last week decline and yesturday's advance was to calm the expected unrest in that country which rumers says it could start in March,11
Measured move, could go as high asES 1330+. Oil is down now, if can close like now, it'll pullback for a day or two which is good for stocks.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.