03/23/2019 Weekend Update

[Cobra]

Down 1 week, the next week has 63% chances to close up.

[daytradingES]

A jump of more than 2 million barrels per day in U.S. crude oil production since early 2018 to a record 12.1 million bpd has made the United States the world's biggest producer, ahead of Russia and Saudi Arabia.

[BullBear52x]

From " It is what it is department" Volatility is back, bears camp is like "This is it" SPX closed dead on 2800 Hmmm.... one day doesn't make a trend but the short term rejection on Friday had triggered the fear, VIX>16 once again, for short term day traders it will be awesome week to trade next week. for longer term traders it's worrisome in the bull camp.
Short term trend following still missing LH. to see the market rebound sometime next week should not surprise anyone, LH area will have to hold for down trend to continue.

bearish counter sell with sell volume indicates bears are back until bull volume pops.

$VIX is fearful market. I am bearish into next week with expectation a re-bounce from oversold will come also. Peace!

[Al_Dente]

Disney acquired Fox this week.
Now the layoffs begin:
https://www.deseretnews.com/article/900 ... worth.html

[Al_Dente]

...the week after the 4th Friday in March has been a strong one over the last 21 years.
http://quantifiableedges.com/seasonalit ... o-bullish/

[BullBear52x]

Disney acquired Fox this week.
Now the layoffs begin:
https://www.deseretnews.com/article/900 ... worth.html

look at last recession, banks start cutting bonus and layoffs followed by tech sectors...I have not heard any layoffs even during the last holiday, if we are going into a recession the coming winter will see layoffs if not it will drag on another year or more. ask around if you know any white collar/entry level worker friends, have they stop contribute to their 401K if not moooore money for us traders, tax refund this years is $300-400 per individual more compare to pass few years, but who know what they will spend on, budlights or cigarettes, but the bigger money pool that is drying up is the fed helicopter cash here. the whole world is slowing down and going into recession and all their pensions and retirements money are redirected our way the safe heaven.
https://www.federalreserve.gov/monetary ... trends.htm

[BullBear52x]

GDP is seeing no slowing down yet either this is weekly chart. see past recession, we got plenty of time, just stick around on Cobra forum you will not miss a thing.

[Al_Dente]

GDP is seeing no slowing down yet either this is weekly chart. see past recession, we got plenty of time, just stick around on Cobra forum you will not miss a thing.

I better vote for him today:
https://stockcharts.com/public/1684859

[BullBear52x]

Employment