Cobra's Market View

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Gap down along Friday's low, so not sure if the gap will be filled or not.

Global ES so far still can be read as Full Flag, so nothing serious wrong yet.

The weekly stock picks are here: viewtopic.php?f=10&t=887&p=126637#p126637

members only update starts here: http://www.cobrasmarketview.com/2013/04 ... ay-update/

The big question is will we print 1600 in the next few weeks. What does everyone think?

Expecting DOW 15000 short term than sell sell sell

Hightower PM's morning bla, bla, blah. Understated comedy if followed daily. Not gonna frontrun a bottom on these until the volatility goes out of the JGB's. GLTA.

As of 619 the SPY down .67, ES down 5 ...

Were in the middle of two gap fills 1583 and 1563 throw the dice? Personally looking for 1550 if we test the 63

Important level is 1579 if we fail that down we go IMO

Gold, silver, and miners being nailed this morning.

GLD and SLV down over 5% and 9% respectively in pre-market. GDX down 6%.

DAX

I think next support for /ES is 1567 should it gets there today or tomorrow? but that will be a critical spot to follow how the reaction there.

pomo day: 4.75-5.75B

BullBear52x wrote:I think next support for /ES is 1567 should it gets there today or tomorrow? but that will be a critical spot to follow how the reaction there.

Anything is possible today. I do have support a but higher - Tuesday's high of 1569. I expect to touch that today

Holy shit. I got my wild ass target today already. Limit executed - and I am out. Gone for the day. Not going to trade this anymore. Cocktails!

Out of Bounds wrote:Holy shit. I got my wild ass target today already. Limit executed - and I am out. Gone for the day. Not going to trade this anymore. Cocktails!

4 more points for me but I am not buying until it hits 1567 or lower.

Line to watch

TG, we are almost on your trendline on GDX Weekly. That plus $BPGDM at ZERO is interesting

NOT A RECOMMENDATION. Just monitoring

If you look at the daily, the TSI has pos d on this move down...