07/30/2009 After Bell Quick Summary


Cobra's Market View Private Messaging System shows:


If, pay attention to “IF”, the CPC from the stockcharts.com reads correctly which sits at 0.66, then good chances a red close tomorrow. The reason, I said “IF” is because from the official CBOE site, the CPC is now at 0.72 which not only means 77% chances a green close tomorrow but also a firework trading setup was triggered. As usual, I’ll use only stockcharts.com as the standard, so I will for now maintain a down day prediction unless I see something else in tonight’s report.

CPC

Oh, SPY now has 8 unfilled gaps with lots of negative divergences on chart below, so very hard to image we’ll have yet another gap up tomorrow and that gap remains unfilled…

SPY60min

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