07/29/2009 After Bell Quick Summary


Cobra's Market View Private Messaging System shows:


My GUESS is that the market may close in green tomorrow. Two reasons:

CPCI reads around 1.57, this is too high and often results in an up day the next day. I cannot show you the chart now because only after 7:30pm ET, can the stockcharts.com has the correct readings. I calculated this reading directly from http://www.cboe.com/data/IntraDayVol.aspx. Well, stockcharts.com may have different readings tonight. I think as long as it reads above 1.55, the chances of a green close should be good tomorrow.

As mentioned in last night report, today is the end of 7 trading day cycle which could be a turning day. As we closed lower so probably the market will turn up tomorrow.

SPY60min

Oh, we had 4 days in a row a gap down open, so what the chances are that we have another gap down open tomorrow?

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