12/07/2010 After Bell Quick Summary


Cobra's Market View Private Messaging System shows:


The bottom line, the short-term trend is up but I hold no position overnight.

Bearish biased toward tomorrow for 3 reasons:

CPC <= 0.80, 18 out of 24 times (75%) a red day the next day.

1

ISEE Indices & ETFs Only Index >= 100, 26 out of 38 times (68%) there’d be a lower close than today’s close within 2 days.

2

Both VIX and SPY closed in green on the same day, 10 out of 15 times (67%) a red close the next day.

3

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