12/20/2010 After Bell Quick Summary

Cobra's Market View Private Messaging System shows:

The bottom line, the short-term trend is up, not confirmed though. I closed long then bought dip then sold half, still holding the other half for the night in order to strictly follow the short-term model.

A little bearish biased toward tomorrow for 2 reasons:

When both VIX and SPY closed in green, 11 out of 17 times (65%) a red day the next day.


Today is again an All Up Day which should bring a red day the next day (8 out of 10 since 2008).


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