03/22/2017 Live Update

[te_fern]

The smalls levered continue to have trouble with the 153 MA...

[Al_Dente]

TICK starts bouncing up

[Cobra]

maybe it's triangle which is continuation pattern in theory but nowadays mostly a reversal pattern.

[Daniel]

Intraday, XLP (staples) is trending the weakest, since the Open.

Also weak: XRT XHB IWM

Trending strong: USO, SLV, XLI, SMH

Staples lagging, semis strongish... should be somewhat bullish, maybe?

[Al_Dente]

NKE is dragging on the dow
good news: it is only 1.92% (weighted) of the dow

[Daniel]

Nasdaq advancers back over 1000, Naz Up/Down vol getting more bullish.

IWM back over daily VWAP-- the other two majors already well there.

Bit of a bull run here.

[Al_Dente]

Hard to trade TA on a chart when every move is an immediate response to the latest headline/tweet about the status of the Health Care Bill.
Score so far: Ryan yes, POTUS we’ll see, evil news media NO
5 day percentages here:
I added health (bright orange) and small-cap health (dashed orange, not gold), as they represent the crisis-du-jour

[Daniel]

JNK, SMH, XLI hod

[uempel]

The Razor's Edge is a novel by Somerset Maugham - and a movie too. Much more interesting than today's trading.

[Al_Dente]

HAPPY HOUR

[Cobra]

HAPPY HOUR

[Daniel]

Multiple sectors hit HODs just a moment ago, and now all (but JNK) are pulling back from those highs.

QQQ is near its intraday high, but Naz Advancers are nowhere close. Neg divergence there.

[Daniel]

Both Naz and NYSE up/down vol has been trending steadily bullish past couple hours.

[Cobra]

members only update at 3:52 pm
http://www.cobrasmarketview.com/2017/03 ... ay-update/

[Cobra]

well, guess that's it for today. Thursday tomorrow has been mixed recently (no longer bear friendly). 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