04/01/2010 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

I have mixed signals for the next Monday, so not sure.

I’ll assume seasonality favors bull because as you all know the very very bullish Monday. And also according to the Stock Trader’s Almanac, day after Easter, S&P down 16 of 20 from 1984 to 2003, but improving recently, up 5 of last 6 – I’ll take this as bullish as the most recent behavior weights more.


The not so bull friendly stuff is again a filled black bar was formed today on QQQQ daily chart which means 70% chances of a red Monday. Well, perhaps a green SPY and red QQQQ the next Monday? We’ll see.


Enjoy your long weekend!

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