03/21/2019 Live Update

[Cobra]

testing yesterday's high. this bull may have legs.

[Al_Dente]

LEVI just opened

[BullBear52x]

Spiking channel, very bullish in nature. I will buy next dip setup.

[Trades with cats]

Waiting for evidence of trend reversal.

[Al_Dente]

the last ten days %

[Trades with cats]

Wicks and tails, can't call it a double top unless it drops hard. Expecting a second test. The way this thing has ripped higher I am more than a little gun shy to go short without some real solid moves.

[BullBear52x]

I am hoping for a pull back to 40ish before trying for new high again, will see.

[Trades with cats]

Early lunch at Goldman's buyback desk. Tim's treat for a job well done. Going to be interesting to see the articles on Zuck and company as to how much of the buyback bucks were off set by their personal sales. Media saying insider sales at record level the quarter.

Opps corrected typo

[BullBear52x]

Trap pattern, bull trap?

[BullBear52x]

so one sided market, no chase or no trade Hmmm...

I can not chase this type of move today, pull back I will buy but no chase for me.

[Cobra]

members only update 12:03 pm
http://www.cobrasmarketview.com/2019/03 ... ay-update/

[BullBear52x]

No sign of weakness at all.

[Trades with cats]

2849.75 ES would erase the last measured move up. Essentially burst of 8 points in about 20 minutes.

[Mr. BachNut]

Still scratching my head.

NYMO has peaked above the zero line, which is positive.

TRIN is saying stocks are oversold on the day and have odds to bounce tomorrow. Wait... What?
I went back 10 years and couldn't find a day with TRIN this high and price not closing low.
I don't like making predictions, but something should break this afternoon.
If it is TRIN, price can hold the highs or perhaps rip higher. (2% day??)
If it is price, it would be a pretty big reversal and maybe a failed test of Tuesday's high.
As usual, I am clueless which way things will go.

[Cobra]

1st test of ema20 in 2+ hours so should be a buy setup here especially now the yesterday's high is the support. let's see.

[brokebybernacke2]

Still scratching my head.

NYMO has peaked above the zero line, which is positive.

TRIN is saying stocks are oversold on the day and have odds to bounce tomorrow. Wait... What?
I went back 10 years and couldn't find a day with TRIN this high and price not closing low.
I don't like making predictions, but something should break this afternoon.
If it is TRIN, price can hold the highs or perhaps rip higher. (2% day??)
If it is price, it would be a pretty big reversal and maybe a failed test of Tuesday's high.
As usual, I am clueless which way things will go.

really strugglin with that nymo zero line..with you on a big move very soon. wish i knew the way...slight lean down..

[Al_Dente]

Top panel: potential quad top on smalls
Bottom panel: potential double top on SPX
5m

[BullBear52x]

buy dip looks good, as long as bulls closed above 61.8% new high will be a matter of time. if closed below that will be bad though.

[Al_Dente]

[Al_Dente]

Divergence: SPX and 1/VIX (ignore vertical lines)
meaning that options traders are not as bullish as SPX
60m