09/15/2010 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

The bottom line, the short-term trend is up and I hold partial long overnight, not sure if it’s safe though.

The most noticeable thing today is both VIX and SPX closed in green. As I bet still many people are interested to know what happens next, so I posted the chart below even it just means a tiny tiny little bit bearish toward tomorrow.


My advice to you is still don’t get too bullish. Feel like a decisive bullish day today? Well, not so fast, take a look at NYAD below, it’s just a tiny up day and it fits well with what I’ve been describing: a small up or consolidation for a few days before a real pullback, unless a huge up day kicks in. Well, at least today is not an huge up day, isn’t it?


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