09/22/2009 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

I see one trick today: CPCE <= 0.56, 17 out of 25 (68%) times recently a red close the next day.


Also because of CPCE <= 0.56, the firework triggered yesterday is over, well, theoretically.


Tomorrow is Fed day, over the last two years, Fed days have been positive for the SPX 75% of the time, and so far till now we had 6 consecutive positive Fed days. Also the close after the Fed day had mostly reversed relationships with the close of the Fed day. Let’s see if this time is different or not.


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