Cobra's Market View

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Flat open, so any gap will be filled.

The Global ES looks good, could be an ascending triangle in the forming, so the bias is up. Especially the previous high has been tested 4 times, so most likely it won't stand for the 5th test.

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

Momentum Block
Global Equity Futures: Bullish, except DAX
Key Currency Pairs: Mildly Bullish (3/1 Bullish/Bearish)
SP500 Futures are against a resistance. The current pattern can be a rectangle or ascending triangle. If this pattern is true expect a move of 20 points on SP500 Futures if and when it breaks the upper resistance line. Alternatively it can pay a visit to ~1489 without violating the pattern. However, if it breaks the lower trend line expect another 20 point downside.

euro dropped 100 pips, ECB ...?

victorm wrote:euro dropped 100 pips, ECB ...?

Synchronous with the jump in UI claims to 366k from 361k although it seems like an over reaction.

Interesting divergence between the overall market and junk bonds. Maybe a warning for things to come or just caution at extended levels?

BBRY
“BlackBerry Inc. is reportedly showing early signs of strong demand for its new Z10 smartphone...”
... but.....
http://www.marketwatch.com/story/blackb ... ry_popular

the open.

Al_Dente wrote:BBRY
“BlackBerry Inc. is reportedly showing early signs of strong demand for its new Z10 smartphone...”
... but.....
http://www.marketwatch.com/story/blackb ... ry_popular

And they won't be in the US until march. I think the stock may go through the roof???

Al_Dente wrote:BBRY
“BlackBerry Inc. is reportedly showing early signs of strong demand for its new Z10 smartphone...”
... but.....
http://www.marketwatch.com/story/blackb ... ry_popular

Blackberry ha ha. The year 2006 is calling and they want their phone back......

Morning

some today's charts

euro: in the c-wave down DX
O: viewtopic.php?f=2&t=818&p=116930#p116930
DAX
had a breakout from the wedge I closed long scalps here (7650) now in wait and see mode US ST bullish to max to +- 1525 there I will short it heavily

Are we making another higher low in UVXY? Heck if I know...

Down -30, close up 50. Same story every dip. I seriously don't get who is risking long this market. Limited upside, unlimited downside.

UUP above the 50 day MA for first time since early Jan.

kenttown wrote:Down -30, close up 50. Same story every dip. I seriously don't get who is risking long this market. Limited upside, unlimited downside.

http://www.youtube.com/watch?v=ZfrpQ-edx_Y

TraderJoe wrote:

Al_Dente wrote:BBRY
“BlackBerry Inc. is reportedly showing early signs of strong demand for its new Z10 smartphone...” ... but.....
http://www.marketwatch.com/story/blackb ... ry_popular

And they won't be in the US until march. I think the stock may go through the roof???

Morning Joe:

UVXY 15min slow stochs 5,3,3 giving really nice buy sell signals past 2 weeks

gap up wrote:

kenttown wrote:Down -30, close up 50. Same story every dip. I seriously don't get who is risking long this market. Limited upside, unlimited downside.

http://www.youtube.com/watch?v=ZfrpQ-edx_Y

Squeezing can be very profitable

SPX 1 min chart:

kenttown wrote:UVXY 15min slow stochs 5,3,3 giving really nice buy sell signals past 2 weeks

uvxy.png

Very nice! Thanks Kenttown!