12/28/2009 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

OK, Bears got a potential reversal bar from SPY. Take a look at the chart below, it may mean a down day tomorrow, but it also quite possible there’ll be a new high after the down day before a real pullback so be careful shorting here.


When both SPX and VIX closed in green, 10 out of 18 times (56%) a red day the next day. It’s not much edge but I know some of you will remind me of this, so I list it here simply in order to let you know, yes, I’m aware of this. LOL


© 2013 Cobra's Market View — All Rights Reserved.