07/25/2011 Market Outlook (Two Top Signs)


Cobra's Market View Private Messaging System shows:


SHORT-TERM: THERE’RE SOME CHANCES THE HIGH WAS IN

There’re some chances the high was in. Need chart pattern to confirm of course, so that’s why I said there’re some chances, as I’m not sure yet.

Two reasons:

  • 0.3.0 CPCE Trend Line Watch, trend line broken and held for 2 days so the high might already be in. Those who follow my blog for a long time should know, this is a very reliable top signal.

CPCE

QQQ

INTERMEDIATE-TERM: BULLISH JULY

See 07/01 Market Outlook and 07/05 Market Outlook for more details.

SEASONALITY: BEARISH FRIDAY BUT BULLISH WHOLE WEEK

See 07/22 Market Outlook for more details.

Also see 07/01 Market Outlook for July seasonality chart.

ACTIVE BULLISH OUTLOOKS:

ACTIVE BEARISH OUTLOOKS:

SUMMARY OF SIGNALS FOR MY  PUBLIC CHART LIST: 

  TREND MOMENTUM COMMENT
Long-term 2 of 2 BUY
Intermediate 4 of 5 BUY 5 of 5 NEUTRAL Cobra Impulse in BUY mode; Non-Stop in BUY mode.
Short-term UP 6 of 6 NEUTRAL
  TREND COMMENT
QQQ & Weekly UP  
IWM & Weekly UP  
SSEC & Weekly UP *Big red bar usually means a start of downtrend, so be careful here. 
EEM & Weekly UP
XIU & Weekly UP
DAX & Weekly UP  
TLT & Weekly DOWN  
UUP & Weekly DOWN
GLD & Weekly UP  
USO & Weekly UP  
XLE & Weekly UP  
XLF & Weekly DOWN
IYR & Weekly UP 4.4.3 Real Estate iShares (IYR Weekly): XHB lags, be careful.
XLB & Weekly UP  
  • * = New update; Blue Text = Link to a chart in my public chart list.
  • UP = Intermediate-term uptrend. Set when weekly buy signal is triggered.
  • DOWN = Intermediate-term downtrend. Set when weekly sell signal is triggered.
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