Cobra's Market View Private Messaging System shows:
Simple list of some short-term "bear friendly" signals.
|Trend||Momentum||Comments - Sample for using the trend table.|
Nothing new today, the same signals I mentioned yesterday which were my favorites in the PAST.
0.0.2 SPY Short-term Trading Signals, as mentioned yesterday, pay attention to volume which was decreased again. For up 4 days in a row while volume down 4 days in a row, the price-volume relationship is definitely bearish.
1.0.2 S&P 500 SPDRs (SPY 60 min), gaps, negative divergences, Bearish Rising Wedge, you name it. I see this chart as very bearish.
T2103 Zweig Breadth Thrust from Telechart, overbought.
T2122 4 Week New High/Low Ratio from Telechart, overbought, sill has some upside room left though.
The Aug seasonality from www.sentimentrader.com, I don’t see anything special for the first 9 trading days.