09/17/2010 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

The bottom line, the short-term trend is up but I did nothing today.

Bearish biased toward the next Monday. Three reasons:

The following chart is from tradingtheodds, post: September’s Triple Witching. For completeness, I posted the chart below, but I’d appreciate if you could take a look at the original link for the final conclusion.


QQQQ black bar formed today is slightly bearish toward the next Monday. And, by the way, I do believe that 09/09 black bar will be revisited if history repeats again this time.


Both VIX and SPX are green also is slightly bearish toward the next Monday. (SPY now is red but it’s mainly because of dividend, the price will be adjusted tonight in stockcharts)


Enjoy your weekend!

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