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03/26/2018 Live Update

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Cobra
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Re: 03/26/2018 Live Update

Post by Cobra »


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te_fern
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Re: 03/26/2018 Live Update

Post by te_fern »

TICKs are trying to get thru their MA lines. Let's see how far this thing can rally...
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Daniel
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Re: 03/26/2018 Live Update

Post by Daniel »

IWM, which gapped up to its (downslope) 15min 20ema, has not been able to hold above it all morning, and is currently testing it from below.

SPY and QQQ are back above theirs; hence IWM is weaker in that sense.
Daniel
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Re: 03/26/2018 Live Update

Post by Daniel »

Dollar weakness continues, UUP is near its lod and down about -0.5%

USO is challenging its January 52week high.
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Al_Dente
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Re: 03/26/2018 Live Update

Post by Al_Dente »

old news:
Over the weekend, Trump administration reportedly sent letter from Mnuchin and Trade Rep Lighthizer to China seeking reduction of China tariffs on US autos, more access to China's financial sector & more purchases of US semiconductors… (WSJ)

Li promised that China will open up further, learn advanced technology and management experience from foreign countries, and strengthen cooperation in technological services, and perhaps most importantly for Trump, China will strengthen intellectual property protection and will not force foreign companies to transfer technology.

China Ambassador to US stated China is looking into all options in response to US tariffs including lowering Treasury purchases, he reiterated China doesn't want a trade war but is ready to respond if situation escalates. In addition, there were separate comments from former Vice Commerce Minister Wei that China may look at adding tariffs on airplanes and computer chips from US. (China Daily)

In recent reports, China is to finalize rules on greater foreign ownership of securities firms by May as part of efforts in the trade negotiations with US and has offered to purchase more semiconductors from the US, diverting purchases from South Korea. (FT)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro
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Re: 03/26/2018 Live Update

Post by fehro »

/ES trying .. hard.. invs H&S SPY, QQQs.. .SPX sloppy 5m 2days
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Daniel
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Re: 03/26/2018 Live Update

Post by Daniel »

Daniel wrote:IWM, which gapped up to its (downslope) 15min 20ema, has not been able to hold above it all morning, and is currently testing it from below.
SPY and QQQ are back above theirs; hence IWM is weaker in that sense.
This is pretty much still the case. IWM is even weaker.
Daniel
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Re: 03/26/2018 Live Update

Post by Daniel »

Al_Dente wrote:FB -6%
326fb.png.png
From its intraday low shortly thereafter, FB is showing an extraordinary bottoming tail, and is now up $7 from its low of $149... reducing the daily loss to a more manageable -2%.
te_fern
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Re: 03/26/2018 Live Update

Post by te_fern »

TICKs still weak...
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Al_Dente
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Re: 03/26/2018 Live Update

Post by Al_Dente »

Grassley invited Zuckerberg to testify to Judiciary Committee on April 10
FB daily
326fb2.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 03/26/2018 Live Update

Post by Al_Dente »

Inv H&S, cyan, testing necklines
2m
326longer 2m.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Junior Buffett
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Re: 03/26/2018 Live Update

Post by Junior Buffett »

Al_Dente wrote:Grassley invited Zuckerberg to testify to Judiciary Committee on April 10
FB daily
326fb2.png.png
I feel that this whole FB story is really a big news and very surprized that market is not reacting to this news...people I think are not realizing how big a deal this story is..50 million people in USA, same number probably in India...and quite possible 10 to 20 million during Brexit...FB has basically created a doubt that so called public vote is not really a public vote but it is manuplation at it's best by few players..

I would think all the elections should be called off! :D
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Cobra
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Re: 03/26/2018 Live Update

Post by Cobra »

my guess. I don't expect big down near the close though, just a small down at the most.
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fehro
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Re: 03/26/2018 Live Update

Post by fehro »

SPX resistance.. yellow triangle… invs H&S SPX /ES trying..
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Cobra
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Re: 03/26/2018 Live Update

Post by Cobra »

renewed bull strength, forget dashed blue lines, this bull may have legs.
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te_fern
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Re: 03/26/2018 Live Update

Post by te_fern »

TICK's have pushed thru their MA lines now, supporting Cobra's view....
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brokebybernacke2
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Re: 03/26/2018 Live Update

Post by brokebybernacke2 »

weather forecast for bullish assumptions...
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cletus
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Re: 03/26/2018 Live Update

Post by cletus »

brokebybernacke2 wrote:weather forecast for bullish assumptions...
'
Wrong interpretation. 3 indicators I follow are LOWER than March 2009, so yes, markets are still that undervalued. Hard to believe but I stand by the comment.
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brokebybernacke2
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Re: 03/26/2018 Live Update

Post by brokebybernacke2 »

cletus wrote:
brokebybernacke2 wrote:weather forecast for bullish assumptions...
'
Wrong interpretation. 3 indicators I follow are LOWER than March 2009, so yes, markets are still that undervalued. Hard to believe but I stand by the comment.
Your BAT is in my BUTTERFLY (cocoon stage :D )! / ie shorter term vs. longer term, in my humble prognostic opinion... we shall see if she gaps n gos over the double top resistance ahead
fehro
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Re: 03/26/2018 Live Update

Post by fehro »

fehro wrote:SPX resistance.. yellow triangle… invs H&S SPX /ES trying..
next resistance
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