Cobra's Market View

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Gap up within yesterday's high so the gap might be filled.

Could be 3 Push Up or H&S Top in the forming on the Global ES, so bears may finally see some hopes, from below 50% to now 50%.

members only update starts here: http://www.cobrasmarketview.com/2013/03 ... ay-update/

$EURUSD: Potential DB of both the RSI and price. It should prevent an equity pullback

Momentum Block
Bullish for US equities.
Details are posted here.
http://harapaninvesting.blogspot.com/20 ... -2013.html

GDX (Gold Miners ETF )
SOMETHING MORE THAN AN OVERSOLD BOUNCE IS IN THE CARDS ?

http://www.thewavetrading.com/2013/03/0 ... iners-etf/

SPX: Follow Up of the Short Term EWP

http://www.thewavetrading.com/2013/03/07/5008/

$EURUSD: Double Bottom target at 1.3187

I posted these two CS charts at yesterday's close - and I guess nobody saw them:

TWT wrote:GDX (Gold Miners ETF )
SOMETHING MORE THAN AN OVERSOLD BOUNCE IS IN THE CARDS ?

http://www.thewavetrading.com/2013/03/0 ... iners-etf/

The chart scares me until price can move above moving averages and those moving averages turn up. Just south of $36 is support for now.

the open.

ETF Funds Flow data
I made the start date 26 Feb (the start of this current leg) through yesterday 6 March
Worthy of note:
GLD outflow is surpassed by SPY and EEM (emerging mkts) outflow
Inflow to junk and REITs continues
etc

TWT wrote:GDX (Gold Miners ETF )
SOMETHING MORE THAN AN OVERSOLD BOUNCE IS IN THE CARDS ?

http://www.thewavetrading.com/2013/03/0 ... iners-etf/

Call options in all of there was VERY high yesterday

uempel wrote:I posted these two CS charts at yesterday's close - and I guess nobody saw them:

good morn uemp
wow pretty impressive for CS

How about now?? Yesterday I saw these CS “Risk-Off” charts here:
http://www.zerohedge.com/news/2013-03-0 ... s-starting

“Despite the improvements in equity markets, Credit Suisse's global risk appetite indices are flashing warning signals. Their equity risk model points to weakness (most notably - Emerging Market underperformance relative to Developed Markets) and their credit risk appetite model maintains its 'sell' signal (which is what we are seeing in the broad credit markets). Finally, their bond risk model suggests a confirming signal getting long US duration.”

It looks like we are in the 5th wave of C or 3....

I have another intraday turn around 7am pacific...it's on the hourly candle....

AAPL + GOOG + DJI Update

TraderGirl wrote:I have another intraday turn around 7am pacific...it's on the hourly candle....

Thanks so much TG your time shared TA is great. I shorted the second run up to 154.80 yesterday and thought had a good entry. I'm expecting a test of 153.15ish and a break below the gap things get nasty. But don't expect it. "Thought I did not expect" this morning POP either!

Best

Al, I don't know what importance CS funds give to the fundamentals and what to charts, but so far the chartists in Zurich stick to their bullish positions for the US market - don't know what their drawback/stoploss is. They've also got chartists in London, but I don't see those charts

Al_Dente wrote:

uempel wrote:I posted these two CS charts at yesterday's close - and I guess nobody saw them:

good morn uemp
wow pretty impressive for CS

How about now?? Yesterday I saw these CS “Risk-Off” charts here:
http://www.zerohedge.com/news/2013-03-0 ... s-starting

“Despite the improvements in equity markets, Credit Suisse's global risk appetite indices are flashing warning signals. Their equity risk model points to weakness (most notably - Emerging Market underperformance relative to Developed Markets) and their credit risk appetite model maintains its 'sell' signal (which is what we are seeing in the broad credit markets). Finally, their bond risk model suggests a confirming signal getting long US duration.”