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03/02/2018 Live Update
Posted: Fri Mar 02, 2018 10:25 am
by Cobra
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double bottom or not wait and see. bias is down though.
Re: 03/02/2018 Live Update
Posted: Fri Mar 02, 2018 10:29 am
by Cobra
Re: 03/02/2018 Live Update
Posted: Fri Mar 02, 2018 10:52 am
by brokebybernacke2
green zone up next, but mac d bad cross, bounce will have to be strong from 2630-40 range or next red rectangle in play....
headline floating...contrarian makes contrarian me think we might have chances on next bounce ...
https://www.zerohedge.com/news/2018-03- ... pened-next
Re: 03/02/2018 Live Update
Posted: Fri Mar 02, 2018 11:03 am
by Cobra
Re: 03/02/2018 Live Update
Posted: Fri Mar 02, 2018 11:04 am
by fehro
buckle up for the upside… too many bears Put/Call 1.29 Equites 1.61
look to 20d SMA "should" we have a little profit taking short covering rally .. not sure.. NDX/COMPQ ugly.. gapped down under 20d/50d .. not good
Re: 03/02/2018 Live Update
Posted: Fri Mar 02, 2018 11:05 am
by Cobra
mini rebound target. before that, bulls no hope.
Re: 03/02/2018 Live Update
Posted: Fri Mar 02, 2018 11:06 am
by Daniel
QQQ, XLK struggling with resistance at yest's lows.
SPY as well.. but weaker, almost no time spent above, so far this AM
Re: 03/02/2018 Live Update
Posted: Fri Mar 02, 2018 11:06 am
by fehro
fehro wrote:buckle up for the upside… too many bears Put/Call 1.29 Equites 1.61
look to 20d SMA "should" we have a little profit taking short covering rally .. not sure.. NDX/COMPQ ugly.. gapped down under 20d/50d .. not good
Re: 03/02/2018 Live Update
Posted: Fri Mar 02, 2018 11:56 am
by Daniel
IWM second day of RS vs the other majors. First (only) to gap fill today.
Dollar index struggling to hold 90, currently just a couple ticks below.
Re: 03/02/2018 Live Update
Posted: Fri Mar 02, 2018 11:58 am
by tim-follows
some minor breadth and tech diverergences
seems upticks next few weeks are sellinopps..
Re: 03/02/2018 Live Update
Posted: Fri Mar 02, 2018 12:01 pm
by fehro
Daniel wrote:IWM second day of RS vs the other majors. First (only) to gap fill today.
Dollar index struggling to hold 90, currently just a couple ticks below.
Big weekend for the dollar.. Italian Elections, and German coalition vote… those go badly.. be prepared for a "HUGE" move up in the USdollar. DXY >20d tested 50d y .. could explode up over the weekend..mind gold.. /GC stalling at 50d SMA today
Re: 03/02/2018 Live Update
Posted: Fri Mar 02, 2018 12:04 pm
by Daniel
fehro wrote:Big weekend for the dollar.. Italian Elections, and German coalition vote… those go badly..
What would constitute "going badly"..?
Re: 03/02/2018 Live Update
Posted: Fri Mar 02, 2018 12:05 pm
by Daniel
No flight into bonds today, 10 yr yield is back up to 2.85%.
From Briefing.com:
"Treasuries have given back the bulk of their Thursday gains, pushing yields back towards their flat lines for the week. The benchmark 10-yr yield is up five basis points today and is down just two basis points for the week."
Re: 03/02/2018 Live Update
Posted: Fri Mar 02, 2018 12:06 pm
by tim-follows
echoes of past bonehead econ ideas
and 30% whack to markets!
https://www.zerohedge.com/news/2018-03- ... pened-next
russles 30 mins and hourlys look safer with divergences atm, here is 2 hour
https://www.zerohedge.com/news/2018-03- ... pened-next
Re: 03/02/2018 Live Update
Posted: Fri Mar 02, 2018 12:09 pm
by fehro
INDEX etf's … fugly
Re: 03/02/2018 Live Update
Posted: Fri Mar 02, 2018 12:12 pm
by fehro
Daniel wrote:
What would constitute "going badly"..?
Merkel Coalition vote fails = new election, Italian Euro septic gain power… = weak EURO strong USD,
DAX is on the edge of a cliff already Weekly DAX erased 14months of gain.. back to Jan 2017
Re: 03/02/2018 Live Update
Posted: Fri Mar 02, 2018 12:16 pm
by tim-follows
spy weekly option squeeze
basic OI says 268 or 265 pin risk
site loads slow....
https://www.nasdaq.com/symbol/spy/optio ... ateindex=1
Re: 03/02/2018 Live Update
Posted: Fri Mar 02, 2018 12:27 pm
by Cobra
possible mm
Re: 03/02/2018 Live Update
Posted: Fri Mar 02, 2018 12:44 pm
by fehro
RUT leads the pack.. QQQs SPY struggle to fill gaps.. IWM tags 20d SMA RUT 2 points short
Re: 03/02/2018 Live Update
Posted: Fri Mar 02, 2018 12:54 pm
by JFR
SPY daily. Just plain ugly. Chaotic. Random. Extreme. LOL