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03/27/2017 Live Update

fehro
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Re: 03/27/2017 Live Update

Post by fehro »

SPX/INDU at 50d SMAs .. trying to hold 'em
Daniel
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Re: 03/27/2017 Live Update

Post by Daniel »

Trades with cats wrote:Smaqlls (IWM? RUT? -ed) breaking out...
QQQ also pushing to HOD. But both have major short-term resistance ahead. Only a gap fill by all majors will cause the indexes to be back in the lower end of the recent range.

However, must always keep in mind that late March weakness is another seasonal pattern, and all longterm MAs are resolutely upward, in a low interest rate environment.

:|
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Mr. BachNut
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Re: 03/27/2017 Live Update

Post by Mr. BachNut »

fehro wrote:/CL W/D/60m.. possible bullish falling wedge on oil.. 60m.. not sure.. could see a sharp bounce soon-ish.. Daily looks awful with the weekly.. only saving grace is the *weak dollar. Dollar turns, aka Le Pen, Euro issues,.. look to $36 oil by summer
That wedge has me salivating for a corrective bounce trade (maybe to 50ish) before trend resumption?
Volumes have been diminishing in the contract (need to see how today's volume fairs) over recent days.
So, a bit of a squeeze would fit.
It is not exactly in my wheelhouse. So, I may just watch.
Daniel
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Re: 03/27/2017 Live Update

Post by Daniel »

5min SPY testing the (downslope) 20ema, with two-push up
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Re: 03/27/2017 Live Update

Post by Trades with cats »

Nixon's curse, er I mean daylight savings time hit England and Germany last night. My plan is that down DXY is adding to the pain of down US indexes for them. So I am guessing that a sustained upward move would be a lot more likely after they close at 11:30 New York time.
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Re: 03/27/2017 Live Update

Post by Trades with cats »

I should add the wave counters are looking for a bounce to 2360 or so.
Daniel
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Re: 03/27/2017 Live Update

Post by Daniel »

Mr. BachNut wrote:
fehro wrote:/CL .... Daily looks awful.... look to $36 oil by summer
That wedge has me salivating....
speaking of OIL, the XLE is having an inside day, and hovering at a Donchian 20(+) day low.
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Cobra
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Re: 03/27/2017 Live Update

Post by Cobra »

ema20 as resistance, maybe a pullback here first but I think the rebound may have legs.
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Re: 03/27/2017 Live Update

Post by Trades with cats »

CL- Hedge Funds have not panicked yet. But weekly inventories are going to be a wild ride until refinery maintenance season ends. Then we have Saudi and others trying to export as much gasoline as they possibly can. Of course they burn raw crude to run air conditioning in the summer so someone will have to explain that to the Hedge Funds or they will panic over OPEC production numbers.It really is a fun game.
From John Kemp at Reuters London
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hunterman
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Re: 03/27/2017 Live Update

Post by hunterman »

JMHO - out of last weeks smalls puts this morning. Crystal ball has cycle low for dollar sometime this week. I believe dollar low will coincide w stocks low and then moonshot all over again. Sitting 100 % cash waiting for confirmation of $ low for all in smalls or spx, depends which first shows turn.
Glta
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Mr. BachNut
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Re: 03/27/2017 Live Update

Post by Mr. BachNut »

Trades with cats wrote:CL- Hedge Funds have not panicked yet. But weekly inventories are going to be a wild ride until refinery maintenance season ends. Then we have Saudi and others trying to export as much gasoline as they possibly can. Of course they burn raw crude to run air conditioning in the summer so someone will have to explain that to the Hedge Funds or they will panic over OPEC production numbers.It really is a fun game.
From John Kemp at Reuters London
Image
Looking at the weekly chart, one finds an ascending wedge.
The bottom edge looks about $46.33 bbl this week and $46.55 next week.
Longs will want to defend that. Guessing a flush could lie below if the wedge breaks.
Selling some kind of resistance on a bounce preceding a possible break of a weekly wedge would be more my cup of tea for a possible trade.
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BullBear52x
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Re: 03/27/2017 Live Update

Post by BullBear52x »

Clockworks,
it always do LOL
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Re: 03/27/2017 Live Update

Post by Trades with cats »

Mr Bachnut I do think you will get a bounce in oil on any given Wednesday over the next month or two, thanks to the EIA weekly and the headline reading algos. And then it will fade on a Friday courtesy of the Baker Hughes rig report.
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BullBear52x
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Re: 03/27/2017 Live Update

Post by BullBear52x »

Short term LH, come2papa until then will bulls got a say.
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Cobra
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Re: 03/27/2017 Live Update

Post by Cobra »


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Al_Dente
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Re: 03/27/2017 Live Update

Post by Al_Dente »

BullBear52x wrote:Short term LH, come2papa until then will bulls got a say.
boy am i glad u r back boss :D
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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BullBear52x
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Re: 03/27/2017 Live Update

Post by BullBear52x »

Al_Dente wrote:
BullBear52x wrote:Short term LH, come2papa until then will bulls got a say.
boy am i glad u r back boss :D
:D Risk is still on, on HYG.
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Re: 03/27/2017 Live Update

Post by Trades with cats »

Tick chart for ES showing about the same number of bars as Wednesday so I am saying even with Wednesday's volume so far.
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BullBear52x
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Re: 03/27/2017 Live Update

Post by BullBear52x »

Neg D.
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BullBear52x
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Re: 03/27/2017 Live Update

Post by BullBear52x »

IYR is on the first sell from last leg up, 75.5 is key level, major down trend will resume below that.
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