Cobra's Market View

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Flat open relative to the Friday's close, so any gap will be filled.

The Global ES may be a 3 Push Up pattern (or widely as rising wedge), the mini target could be 1467.25, I'm not sure, say 51% chances.

Weekly stock picks.
viewtopic.php?f=10&t=802&p=114445#p114445

members only update starts here: http://www.cobrasmarketview.com/2013/01 ... ve-update/

Good morning ...

ES up .50

SPY down .09

Quiet weekend.

DAX still not looking bad to me, kind look like a bull flag.

Momentum Block
Global Equities: Bullish
Global Currencies: Mixed but more bearish than bullish.
Happy Trading!

the open.

What happened to the big move I was expecting for today

existing home sales at 10

Cobra wrote:DAX still not looking bad to me, kind look like a bull flag.

Dax had a great morning, lost 1.2% due to bad economic data and regained the loss in 2 hours. That's like SPX losing and regaining 17 handles in 2 hours. This is why I like that index. If your broker has access to eurex...

$SPX: Doubtful short term pattern

my wild-est-est-est guess based on FEELINGS, so for fun.

Patience pays good

support, may see rebound here which would fail eventually, should be another small leg down.

I'm celebrating my 30th birthday today and all I want for my bday is for Gold to continue going higher.

There are some major resistances for GLD to work through such as 100 day EMA, the top of the BB, and gold has 1690 to 1700 resistance to break through to be able to continue going higher.

the same question I've been asking again: Another sharp reversal up today?

skittlesmds wrote:

The attachment 1-22 GLD Update.jpg is no longer available

I'm celebrating my 30th birthday today and all I want for my bday is for Gold to continue going higher.
There are some major resistances for GLD to work through such as 100 day EMA, the top of the BB, and gold has 1690 to 1700 resistance to break through to be able to continue going higher.

HAPPY BIRTHDAY SKITTLESMDS

Cobra wrote:the same question I've been asking again: Another sharp reversal up today?

I wouldn't bet against it. Big money pouring in to make sure the rally continues. Market seems to really want 1500 SPX.

Al_Dente wrote:

skittlesmds wrote:

The attachment 1-22 GLD Update.jpg is no longer available

I'm celebrating my 30th birthday today and all I want for my bday is for Gold to continue going higher.
There are some major resistances for GLD to work through such as 100 day EMA, the top of the BB, and gold has 1690 to 1700 resistance to break through to be able to continue going higher.

HAPPY BIRTHDAY SKITTLESMDS

The attachment happy birthday.png is no longer available

Thanks, Al Dente. Winnie the Pooh was one of my favorites as a child. Eeyore was my favorite character.