03/21/2017 Live Update

[Cobra]

now breakdown is more likely.

[Al_Dente]

Fine, SPY made a new low
But IWM did not
Bears don’t like that one bit

[brucekeller]

Fine, SPY made a new low
But IWM did not
Bears don’t like that one bit

Well IWM was leading down by almost 1% more too

[Al_Dente]

Fine, SPY made a new low
But IWM did not
Bears don’t like that one bit

Well IWM was leading down by almost 1% more too

Ok now it’s either double bottom or new low IWM
With AD this, gotta root for bears
NY declining stocks = 4.0 x advancing stocks
NY declining volume = 6.3 x advancing volume

[Al_Dente]

NY declining stocks = 2.2 x advancing stocks
NY declining volume = 2.7 x advancing volume

NY declining stocks = 3.2 x advancing stocks
NY declining volume = 4.3 x advancing volume

NY declining stocks = 4 x advancing stocks
NY declining volume = 5.8 x advancing volume

NY declining stocks = 3.9 x advancing stocks
NY declining volume = 5.3 x advancing volume

[Cobra]

members only update at 2:23 pm
http://www.cobrasmarketview.com/2017/03 ... ay-update/

[Al_Dente]

Percentages since the rate hike on 3/15

This is even more chilling; same scale

[Al_Dente]

Here’s what the fan looks like
Is that enough?
I don’t know
All I know is the bears desperately need a LOD, while the TICK is starting up

[Al_Dente]

Bear ponders the meaning of life during HAPPY HOUR

[Trades with cats]

I am so sad I am missing out on this party. But a family medical emergency, which is finally ending well, has me sidelined and I expect I will stay that way as with any luck I will become the world's worst home health aid tomorrow. I think at this point I could do at least a half hour of stand-up sarcastic comedy on the brilliant hedge funds that went long oil and short 10 year treasuries.

I guess the real question to be answered over the next couple of days is are the Elliott Wave counters correct looking for a pullback and then new all time highs or is this the start of something bigger. I vote for bigger simply because retail is buying while insiders and managed money are selling. But I know Cobra will be watching for a failed attempt at that high before we can call bear. The other element will be Bridgewater and the rest who follow that strategy. If we hit their deleverage point it will be down down down until a Fed speaker intervenes, and according to Neel Kashkari they may not.

Tin foil hat trigger warning. Some will start claiming the Fed is orchestrating this drop in order to put tax dollars into the Treasury and build demand for the upcoming blizzard of treasury issue. Not saying I agree with that but we all know which movie themed financial news aggregator will link to those stories.

[Al_Dente]

Regardless of how we close, this is an “Outside Day” on SPX and INDU
And it’s some kind of “Reversal Day” or “Key Reversal Day” (or something) on COMPQ; it made an ATH this morning.
Will COMPQ tag both the upper and lower bolinger in the same day? That would really be something.
Worst is banks, with their pants hanging down way below the lower bolinger

That happened... anyone see when the last time it happened?

[Cobra]

Bear ponders the meaning of life during HAPPY HOUR

The attachment hmmm bear.png.png is no longer available

[Cobra]

members only update at 3:26 pm
http://www.cobrasmarketview.com/2017/03 ... ay-update/

[Cobra]

maybe rebound failed, testing day low on the way.

[Al_Dente]

IWM
LOD
bingo

[Junior Buffett]

VIX keep going down with S & P...will see bounce tomorrow...may be after the health care vote...Obamacare will stay and market will bounce...

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2017/03 ... ay-update/

[Cobra]

well, guess that's it for today. Wednesday tomorrow has been very 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

[Al_Dente]

VIX keep going down with S & P....

?????
do you mean inverted VIX?
what time frame are you seeing VIX down?