Cobra's Market View

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Gap up above yesterday's high so chances are the gap won't be filled.

I don't have anything to say on Global ES, the key to watch is whether the gap could hold and we're up and up and up the whole day. FOMC day today, so generally, the market would up to the rate announcement which usually is 2:15pm, then roller-coaster show then nobody knows up or down, usually a little down trend before close though.
AAPL is about to have 7.5%+ gap up, but usually from open to close, it would down a little bit. The following statistics is from Bespoke.

cobra could the 4.10 lows be consider part of your evil plan of the .6.5 % retracement?
personlaly I dont think so but I am wondering now .... if we maybe had our " correction" ???

"It's mind-boggling that we could do this well." [Tim Cook]

by the way, is the retest of the trendline on the spy out of the question ? we re gap up above it .. looks like we are going to the top line of the bear flag?

MBA purchase applications and durable goods orders gave bad news.
http://mam.econoday.com/
The Nikkei, Hang Seng, and India sold off from their open. The Brits are in recession. So why are we so high? AAPL?

India downgraded
C Suisse beat last night
Banco Santander (SPAIN) eps today (?)

grachu wrote:cobra could the 4.10 lows be consider part of your evil plan of the .6.5 % retracement?
personlaly I dont think so but I am wondering now .... if we maybe had our " correction" ???

Let's see how today unfolds first. Looks like a very strong day though.

Petsamo wrote:MBA purchase applications and durable goods orders gave bad news.
http://mam.econoday.com/
The Nikkei, Hang Seng, and India sold off from their open. The Brits are in recession. So why are we so high? AAPL?

Extended hype..But it dose not matter.

the open.

Cobra..Fed.announcement at 12:30..Forcast at 2:00..Press at 2;15

a little too stretched on the upside, so we might see a little pullback first.

KENA wrote:Cobra..Fed.announcement at 12:30..Forcast at 2:00..Press at 2;15

I did think it's 12:30, but I couldn't find the data to confirm, so thanks for the confirmation.

Like nicotine in the 40s & 50s cell phones are an addiction.They give them away with a plan.Dont have to plunk down $ 800 for lap top or desk top.Dont have to buy house just rent..AAPL not a true indication of economy.Appl great company
.You will have to pry away my cell phone from my dying hands before i give it up

Cobra wrote:

KENA wrote:Cobra..Fed.announcement at 12:30..Forcast at 2:00..Press at 2;15

I did think it's 12:30, but I couldn't find the data to confirm, so thanks for the confirmation.

12.30 FOMC rate decision (est 0.25%)

2.00 FOMC to Release Projections of Economy and Fed Funds Rate

2.15 FOMC press conference

aapl exceeded my rebound target: http://stockcharts.com/public/1684859/c ... /260183775;

Concept of a good-bye kiss is out...

Cobra wrote:aapl exceeded my rebound target: http://stockcharts.com/public/1684859/c ... /260183775;

do you still believe this is just a rebound and will eventually fail...?

Morning Cobra, what a grt. day Ha! So what's next for AAPL, Galaxy far far beyond?

TRIN = Bearish. what?

jarbo456 wrote:

Cobra wrote:aapl exceeded my rebound target: http://stockcharts.com/public/1684859/c ... /260183775;

do you still believe this is just a rebound and will eventually fail...?

need see a pattern first. so let's wait.