Cobra's Market View

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Gap up above yesterday's high so the gap might not be filled.

Key time on Global ES as it's the 2nd test of the previous high so from now on no failure allowed for bulls must decisively break above the previous high otherwise it might be a Double Top. So let's see.

members only update starts here: http://www.cobrasmarketview.com/2013/02 ... ay-update/

Open higher, close lower type of day?

1521 by no later than Tuesday

Cobra

I have a doubt on bearish reversal day,

for a bearish reversal day, does SPY / es should make a higher high , or just a gapup and then closing in red is enough ?

Oil not confirming

BOMBER KILLS AT LEAST
THREE AT US EMBASSY IN TURKEY. Attacks seem to be heating up in the Middle East / North Africa.

Gold up almost $20. I'm still not getting excited until it breaks $1700 and holds there.

Economy Adds 157,000 Jobs; Rate Up to 7.9%
http://finance.yahoo.com/news/economy-a ... 8.html?l=1

627 am

ES up 9.50

SPY up .92

skittlesmds wrote:BOMBER KILLS AT LEAST
THREE AT US EMBASSY IN TURKEY. Attacks seem to be heating up in the Middle East / North Africa.

Gold up almost $20. I'm still not getting excited until it breaks $1700 and holds there.

That's smart, Skittles. My silver profits wiped out by this employment report, but it's still just hypola. The cartels taketh away and giveth back.

the open.

Hedging silver again

Exhaustion candle. Real bears are here

Btw my target in euro and dollar have been met, so I am short euro

euro index (finally at my MT target!)

KeiZai wrote:Hedging silver again

Holding short over the weekend. Then we'll see.

Remember lots of news at 9:55 Consumer Sentiment and then 10am Consumer Sentiment and Construction Spending...

Trading pretty much as expected in terms of the start of the day (never go in to employment short) - I leave the rest to Cobra!

-D

Here is an update to the chart that I posted yesterday. A lot of trading left but look at where ES daily is ATM (hugging the lower red trendline as resistance).

go see where it is now

viewtopic.php?f=2&t=811&p=115878#p115878

$NYADV = 2200

Update: