Cobra's Market View Private Messaging System shows:
SHORT-TERM MODEL BELIEVES THE TREND IS UP, HODING BOTH LONG (TRAPPED) AND SHORT (TRAPPED) OVERNIGHT
I see a little problem in today’s rally, plus the retailers are very bullish (as of yesterday’s data), so feel a little little uncomfortable. Will talk about these in tonight’s report.
No idea about tomorrow, jus we’ve got 5 consecutive red Non Farm Payroll days, so probably the 6th time will be different?