THE SHORT-TERM MODEL BELIEVES THE TRND IS DOWN HOLDING BOTH LONG (TRAPPED) AND SHORT OVERNIGHT
The bottom line, I believe the selling isn’t over yet.
I have no idea about tomorrow, just in case you wan to know, when both VIX and SPX were down for 2 days in a row, buy at close today and sell at close tomorrow, you’d have 67% chances. On the other hand, when SPX down 0.8%+ while VIX is down too, short at close today and cover at the close tomorrow, you’d have 65% chances. So certainly contradictory statistics but if you read both charts carefully, you’d see in most cases, no matter up or down tomorrow, chances are more selling ahead.
thx,ding
BPNYA down 0.64%, BPCOMPQ down 1.10%, BPNDX down 3.45%, BPSPX down 0.86%, BPOEX down 1.52% and BPINDU flat. As to the sectors: BPENER (Utilites), BPHEAL (Healthcare) and BPMATE (Materials) were all down more than 3%.
Bearish: BPSPX has been rejected at 62 and is rolling over, SPX failed to break the 200 DMA at 1264, cu was down again on Tuesday by 5.03%.
As to the bullish signals – support DMA 377 at 1224.19 held…
Any idea about the seasonality of the Monday after Dec OE?
No
Cobra,
i am glad to see you open a paid member service, i highly recommend your work. you should have this option long time ago.
based on my experience, it will turn out to be unthinkable succcess with your service.
i still remember you are the first person posted on my blog and asked me to start the paid member service, that was about 1.5 years ago.
congratulation to the best Cobra.
humblestudent666, what is your site? i would like to see/visit too 😀 .. i am new here… very very new…
newbie, in respect to Cobra, to post my site here is improper. you can google it.
you should subscribe to Cobra’s paid service, i highly recommend.
thanks. i already subscribed to master cobra’s site (like last month) :D….