Cobra's Market View

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Flat open so any gap will be filled.

Could be a Symmetrical Triangle in the forming on the Global ES, which, since the prior trend is down, is a little bit bearish biased.

members only update starts here: http://www.cobrasmarketview.com/2012/11 ... ay-update/

DAX: Consolidates along the neckline generally is not good.

FWIW - not relevant for today. However, Call-over-Put volume marked the top for Tech. Massive call writing at the top.

Looking for the board's help on Dir 30
This is an indicator (a switch) I use as part of my spreadsheet.
This morning was a difficult choice.


Looking for help on Dir 30
http://screencast.com/t/rjYS9Yc6kT

Yesterday, we helped the DAX rally big from their lows. Do we get to do the opposite today ?

“Has Germany Taken a Turn for the Worse”
Ned Davis Research
one page
http://screencast.com/t/XB8avOyhv4

the open.

I wonder why they downgraded POT & MOS

Pets,
A few beat down stock you might checkout
HGSH, APPY

Will the trendline hold for GDX?

Was working on same chart....trying to head below wedge....

DUST breaking out of channel....will upper resistance hold??

SPX: Time is running out for the bulls. The sideways move could result in a continuation pattern

Market Neutral
I did have a long XIV setup trigger yesterday. So, I am not completely neutral.

My trend composite signal remains bearish.
My summation index signal remains bearish.

I did have a mildly oversold MO read at the close yesterday (could get more oversold).
Combined with the RSI divergence Cobra noted, there is some evidence for a bounce (yesterday's horrible close notwithstanding).

If yesterday's low holds, there may be an inverse H&S shaping. It's ugly but it is there.
So, if yesterday's high could get broken, the SPY could go for a bit of a run.
The trend is still down however.

The “analysts” weigh in on AAPL

http://tech.fortune.cnn.com/2012/11/14/ ... Markets%29

nothing to say, wait for range breakout. looks like it might be on the downside.

10:00 am : Equities have shown little reaction to the latest business inventory data. The S&P 500 is currently flat.

During September, inventories rose by 0.7%, which is slightly above the 0.6% increase that had been expected by the Briefing.com consensus. This follows prior month's reading of a 0.6% increase.DJ30 -4.65 NASDAQ +7.38 SP500 +0.52 NASDAQ Adv/Vol/Dec 1002/294.9 mln/1017 NYSE Adv/Vol/Dec 1206/84.3 mln/1530