02/28/2017 Live Update

[BullBear52x]

now they are pulling triangle here. whatever.....

[Cobra]

possible higher low, maybe the low was in.

[Al_Dente]

HAPPY HOUR

[BullBear52x]

HAPPY HOUR

[BullBear52x]

Will bears packup and go home again here?

[Junior Buffett]

Will bears packup and go home again here?

Big Boys are playing with us for big show tomorrow morning after tonight speech...

[Trades with cats]

CL Oil starts to slip because of Nigerian production and presto a nice piece by Reuters on the exceptional OPEC compliance with the quotas. All well and good as long as no one asks if the quotas are actually low enough.

[BullBear52x]

Chart for the road: At least bears got to reclaim the reversal zone, it may be weak bear but it has to start somewhere. Peace!

[BullBear52x]

Will bears packup and go home again here?

Big Boys are playing with us for big show tomorrow morning after tonight speech...

TOMORROW is a must get up early day, volatile day me thinks also.

[Trades with cats]

3:30 Ramp was explained this weekend. Supposedly many ETF's have to rebalance by end of the day, Numbers indicate that retail loves ETF's so the implied is institutions are selling and retail is running into the market forcing ETFs to cause the routine ramps or occasional sell offs at the end of the day. We have seen other articles that many hedge funds buy ETF also, making things cloudier. Now BofA Merrill is saying their institutional investors, who as of last week were flat since Jan 1 are now net sellers. If that is true, and if they hold ETF's (very likely) then we could see three to five point express elevator down rides before the close I think. If we don't then the ETF argument is just smoke.

[Trades with cats]

Ready for tomorrow.

[Cobra]

finally one day bears made to near the close, still 20 min though.

[Al_Dente]

3:30 Ramp was explained this weekend. Supposedly many ETF's have to rebalance by end of the day, I BELIEVE THAT IS TRUE Numbers indicate that retail loves ETF's so the implied is institutions are selling and retail is running into the market forcing ETFs to cause the routine ramps or occasional sell offs at the end of the day. We have seen other articles that many hedge funds buy ETF also, making things cloudier. Now BofA Merrill is saying their institutional investors, who as of last week were flat since Jan 1 are now net sellers. If that is true, and if they hold ETF's (very likely) then we could see three to five point express elevator down rides before the close I think. If we don't then the ETF argument is just smoke.

ALSO
There is a large number of big-blocks of volume on IWM today
That’s unusual
Mostly selling, a few buys
We'll see how they settle at EOD; it should be down/red

[Junior Buffett]

finally one day bears made to near the close, still 20 min though.

[Junior Buffett]

3:30 Ramp was explained this weekend. Supposedly many ETF's have to rebalance by end of the day, I BELIEVE THAT IS TRUE Numbers indicate that retail loves ETF's so the implied is institutions are selling and retail is running into the market forcing ETFs to cause the routine ramps or occasional sell offs at the end of the day. We have seen other articles that many hedge funds buy ETF also, making things cloudier. Now BofA Merrill is saying their institutional investors, who as of last week were flat since Jan 1 are now net sellers. If that is true, and if they hold ETF's (very likely) then we could see three to five point express elevator down rides before the close I think. If we don't then the ETF argument is just smoke.

ALSO
There is a large number of big-blocks of volume on IWM today
That’s unusual
Mostly selling, a few buys
We'll see how they settle at EOD; it should be down/red

228one.png.png

seems like trying hard to close flat here....

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2017/02 ... ay-update/

[Cobra]

well, guess that's it for today. Wednesday tomorrow has been bull friendly recently. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[Cobra]

too bad, bears still couldn't make to the close, made a progress today though.

[Trades with cats]

VWAP (dash dot line) didn't move down that much when the market sold, so looks like bear volume just wasn't there to back up the price, so as usual market managed to get up to VWAP before the close. But clearly no interest in getting long for tomorrow.

[Al_Dente]

3:30 Ramp was explained this weekend. Supposedly many ETF's have to rebalance by end of the day, I BELIEVE THAT IS TRUE ....

ALSO
There is a large number of big-blocks of volume on IWM today
That’s unusual
Mostly selling, a few buys
We'll see how they settle at EOD; it should be down/red

WOW that was massive
In the last ONE MINUTE of the day