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03/15/2019 Live Update

03/15/2019 Live Update

Postby Cobra » Fri Mar 15, 2019 9:24 am

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don't know if it's a double top or not, wait and see.
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Re: 03/15/2019 Live Update

Postby Cobra » Fri Mar 15, 2019 9:29 am


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Re: 03/15/2019 Live Update

Postby BullBear52x » Fri Mar 15, 2019 9:36 am

Another inside day mess. boring Friday.
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Re: 03/15/2019 Live Update

Postby BullBear52x » Fri Mar 15, 2019 9:43 am

yesterday's internals are pointing down, I don't see how this market will go much higher.
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Re: 03/15/2019 Live Update

Postby ccash04 » Fri Mar 15, 2019 9:53 am

Weak volume for a quad witch day, which is more than likely bullish
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Re: 03/15/2019 Live Update

Postby Cobra » Fri Mar 15, 2019 10:06 am


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Re: 03/15/2019 Live Update

Postby Cobra » Fri Mar 15, 2019 10:11 am


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Re: 03/15/2019 Live Update

Postby BullBear52x » Fri Mar 15, 2019 10:12 am

Pivot, need to hold or sell under here.
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Re: 03/15/2019 Live Update

Postby BullBear52x » Fri Mar 15, 2019 10:16 am

I am on the southbound train.
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Re: 03/15/2019 Live Update

Postby BullBear52x » Fri Mar 15, 2019 10:19 am

SPX cash index needs to fill the gap.
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Re: 03/15/2019 Live Update

Postby te_fern » Fri Mar 15, 2019 10:26 am

Ticks have gone above their MA line after being negative all afternoon yesterday...
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Re: 03/15/2019 Live Update

Postby BullBear52x » Fri Mar 15, 2019 10:39 am

give it to Papa
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Re: 03/15/2019 Live Update

Postby Mr. BachNut » Fri Mar 15, 2019 10:41 am

Another day another gap open.
Otherwise, nothing new to report on this quad witching day.

I just want to point out that NYMO remains below the zero line while price has ticked above local highs.
Bulls want to get 2 NYMO closes above the zero line to solidify this upswing.
NYMO seems to lack enthusiasm when price is above the pink line.
Price can go higher but it suggests price may want to go back below the pink line at some point.

I am still long SPX and short R2K.
These are runners as profit taking scales were executed earlier.
Depending on how things unfold, I may jam the stop on the SPX position.

NYMO 031519.jpg
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Re: 03/15/2019 Live Update

Postby Trades with cats » Fri Mar 15, 2019 10:45 am

You have to say that Charlie at Nomura has, so far, nailed it. We will see next week if there was any fund /etf buying during the final phase but I doubt it was much. We will also be reading about how registered insiders sold record levels against record levels of buybacks. We will know things are in real trouble when Chair Powell cancels the Atlanta and NY Fed's GDP Now models.

But for next week Charlie boy so far is nervous as the CTA's are the blasting cap of a big down move and their trigger point will be steadily moving up over the next couple of weeks. We are down to a single major upside cataylist, a trade deal with China so I am thinking down more likely.
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Re: 03/15/2019 Live Update

Postby Cobra » Fri Mar 15, 2019 10:53 am

well, guess that's it for today, going nowhere. still to bulls it's better than pullback so be happy.
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Re: 03/15/2019 Live Update

Postby BullBear52x » Fri Mar 15, 2019 11:17 am

bears got crushed. Oy...
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Re: 03/15/2019 Live Update

Postby Al_Dente » Fri Mar 15, 2019 11:18 am

note SMH, SOXL
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Re: 03/15/2019 Live Update

Postby Al_Dente » Fri Mar 15, 2019 11:21 am

note breakout top panel, 1/VIX
60min
315sixty.png.png
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Re: 03/15/2019 Live Update

Postby Trades with cats » Fri Mar 15, 2019 11:53 am

B of A reporting that I am wrong. Significant equity inflows into funds last week for really the first time this year. Last time the public put so much into the market was the September peak. So I am invoking one of the 10 rules from the old days at Merrill, the one about the public tends to buy the most at the top. :D
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Re: 03/15/2019 Live Update

Postby Al_Dente » Fri Mar 15, 2019 12:01 pm

"Freaky Friday" as the quarterly date has become known:
the 21st Sep print of 2940 preceded a three month equity selloff of almost 20%, followed by a 21st Dec print of 2458, or 16% below current spot.
via zh
also, new term: "de facto easing" [McElligott ] :roll:
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