Cobra's Market View

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Small gap up but above yesterday's high, so not sure if the gap will be filled.

The Global ES is testing the previous high, so kind of key time today. Let's wait and see.

I see channel support on the ES at around 69. My gut tells me that bears need to show their cards really quick or else they'll get blown out of the water today.

the open.

We're overdue for a red candlestick. Japan & India were flat.

Good morning
Another double top, this one on XIV (as of yesterday’s close)

Petsamo wrote:We're overdue for a red candlestick. Japan & India were flat.

Bulls looking pretty strong off the gate. 1369 held with just a nibble at 69.50. Bears hibernating.

G M guys, please comment on this gold daily chart, it should go more down but this night action confused me... Thanks. http://www.pmbull.com/gold-price/daily/

Squeeze em all baby !!

This early in the morning ??

Lets see if this is a fake breakout.

Potential double top on IWM

GM, FAS/FAZ guys!

just wanted to say that i love EBAY and i love pyramiding strong positions...

have been holding EBAY for the past 3 months prior to its last earnings for a return of 30% on a 3x's levered average position.

if you guys swing trade and don't know how to pyramid a position, it's def something to learn.

Yep, I have that same chart, continuation triangle downward. Smaller yellow triangle is the recent trend, and larger triangle with the lower yellow line is your longer term triangle.

victorm wrote:G M guys, please comment on this gold daily chart, it should go more down but this night action confused me... Thanks. http://www.pmbull.com/gold-price/daily/

IWM doesn't know what direction up is

Mkt chilling out waiting for Philly Fed data at 10

Data does not matter anymore, bad data=Qe3 so in any case market going up!

kamukak wrote:Data does not matter anymore, bad data=Qe3 so in any case market going up!

Yea, the bad jobs numbers doesn't matter

Now we have 4 pieces of data that are bad

after a bad data i am looking to btfd at 1st support. bad is good!

kamukak wrote:Data does not matter anymore, bad data=Qe3 so in any case market going up!

http://www.youtube.com/watch?v=RBA-xi8WuCU

KBE, the other bank ETF, matched yesterday's low. XLF is close