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Friday, June 12, 2009

06/12/2009 After Bell Quick Summary

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.

SPXvsVIX

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.

Seasonality

Have a nice weekend!

9 comments:

  1. Thanks again for your hard work, Cobra.

    Have a nice weekend!

    Best,
    -A.

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  2. you had the curse of Quantifiable edges today.

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  3. Thx Cobra! Do you have that Institution Accumulation/Distribution graph again?

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  4. wait to see next week

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  5. Institution Acc/Dist: institution is slightly in accumulation but acc and dist are very close.

    Eric, I saw Quantifiable edges' post. I wouldn't say that CPCE < 0.56 stuff was very wrong today.

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  6. Thans a lot Cobra!!
    pig2006

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  7. thank you for your everyday's hard works!!!

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  8. Tax 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.

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