07/26/2010 After Bell Quick Summary

Cobra

The bottom line, the trend is up but pretty overbought now. So I expect a pullback soon and the pullback shall not be small according to the NYMO extremely overbought pattern mentioned in the weekend’s report. Trading wise, however, even I expect a little bit bigger pullback, I’m not shorting this market yet because it’s generally not a good idea to trade against the trend.

 

A little little little little bit bearish toward tomorrow at least most likely the SPX won’t be up big like today (for “not up big” I mean less then 1%) because TICK closed above 1,000 again.

 

 

Another trick is when SPY up 3 days in a row while volume down 2 days in a row (so called price volume negative divergence), short at today’s close, most likely profitable within 6 days.

 

abaqus

1st

abaqus

2nd

abaqus

3rd

abaqus

all in, hehe
now reading

xz214

lite1067

A little little little little bit bearish toward tomorrow at least most likely the SPX won’t be up big like today (for “not up big” I mean less then 1%) because TICK closed above 1,000 again.
Cobra 发表于 2010-7-26 15:40

What a bullish world we are in. 1000+ tick used to mean a red following day. now it simply means going up 0.99% on spx the next day :-)

falcone

Thanks a lot

股海无涯

hutong123

.................

google

千秋万代， 一桶浆糊

busywind

thanks

ht008

谢谢，先顶后看

开小差

thx, ding

qianshui

thanks! still in first page

Summerrose

Thanks.

oreo

many thanks.

slcgh

aurora99

first page?

netbanker

what a day~!