11/05/2010 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

The bottom line, the short-term trend is up. I hold partial long position over the weekend.

SPY has been up 7 days in a row, does this mean a bearish the next day? Well, long at today’s close and sell at the Monday close, you have 61% chances since 1991. So, it’s not essentially bearish, isn’t it?


How about the old “Bullish Monday”? Well, I don’t know since we have far more up days than down days those days. At least it’s not as bullish as “Bullish Friday”, isn’t it?


Enjoy your weekend!

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