Cobra's Market View Private Messaging System shows:
No much to talk about today -- everyone is waiting for the outcome of 700B bailout plan. I don't know what will happen tomorrow, but it seems nothing concrete will be released before the weekend. Maybe the market will be disappointed tomorrow. But I guess the bailout plan will be passed anyway, and it would be a good news according to the market reaction today.
From the perspective of the technical analysis, we need an up day tomorrow, otherwise 1.0.6 S&P 500 Bullish Percent Index may give a confirmed sell signal soon.
The only good news for bulls is that RHNYA at the bottom of 0.0.2 SPY Short-term Trading Signals chart is still oversold.
1.1.7 TRINQ Trading Setup. TRINQ closed below 0.6 today so tomorrow QQQQ may drop down. So far the success rate of this setup is 71%.
2.8.1 CBOE Options Total Put/Call Ratio. CPC is only 0.8 which is over bullish. However, normalized put/call ratio at the bottom of the chart is still in the bullish region so it seems okay at the moment.
1.4.3 S&P/TSX Composite Index (15 min). Canadian market looks slightly better. Bullish falling wedge, and positive divergence on both MACD and RSI.