I don’t see much edge for either bulls or bears except that both VIX and SPX were up on the day which according to the following chart, next Monday should be a down day. I wouldn’t read too much into this though as both VIX and SPX were just up a tiny little bit which probably meant nothing significant.
On the other hand, from seasonality point of view, the next Monday is very bullish. But again, as SPY has 7 unfilled gaps, and the recent actions were enough to convince me that it couldn’t hold the 8th gap for more than a few days, so if I were a bear, I wouldn’t be too worried about any gap up open on Monday.
Have a nice weekend!
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Thanks again for your hard work, Cobra.
ReplyDeleteHave a nice weekend!
Best,
-A.
you had the curse of Quantifiable edges today.
ReplyDeleteThx Cobra! Do you have that Institution Accumulation/Distribution graph again?
ReplyDeletewait to see next week
ReplyDeleteInstitution Acc/Dist: institution is slightly in accumulation but acc and dist are very close.
ReplyDeleteEric, I saw Quantifiable edges' post. I wouldn't say that CPCE < 0.56 stuff was very wrong today.
Thans a lot Cobra!!
ReplyDeletepig2006
thank you for your everyday's hard works!!!
ReplyDeleteTax Monster is catalyst for Black Swan monday when traders and investors remember that Federal and many state Estimated Income Taxes are due and social security wage base is also higher for 2009 which is a seperate tax and this may influence negative sentiment perhaps.lol.thanks.
ReplyDeleteCobra
ReplyDeleteok.... Sure...