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03/25/2020 Live Update

03/25/2020 Live Update

Postby Cobra » Wed Mar 25, 2020 9:19 am

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No idea up or down from here. If bulls are able to test the line above then breakout would be more likely than gets rejected again.
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Re: 03/25/2020 Live Update

Postby Cobra » Wed Mar 25, 2020 9:22 am


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Re: 03/25/2020 Live Update

Postby BullBear52x » Wed Mar 25, 2020 9:29 am

Find excuse to buy
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Re: 03/25/2020 Live Update

Postby Daniel » Wed Mar 25, 2020 9:31 am

Instant gap fill all three majors.
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Re: 03/25/2020 Live Update

Postby Heck » Wed Mar 25, 2020 9:42 am

6 Cobra Chart Watches UP

A trillion here, a trillion there

Pretty soon we're talking market UP

Springtime and the sap is rising

SP.1 Jun Futures BUYING > 2,386.00
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Re: 03/25/2020 Live Update

Postby Daniel » Wed Mar 25, 2020 9:52 am

TLT up 1%. UUP is bouncing off its (upslope) 15min 200ema (first touch since 3/16 and 3/12, when it rallied off it almost immediately).

All three majors now red.
Last edited by Daniel on Wed Mar 25, 2020 10:01 am, edited 1 time in total.
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Re: 03/25/2020 Live Update

Postby Cobra » Wed Mar 25, 2020 10:00 am


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Re: 03/25/2020 Live Update

Postby Heck » Wed Mar 25, 2020 10:05 am

$SPX BUYING > 2,407.53 edit

Green close ?
Last edited by Heck on Wed Mar 25, 2020 10:44 am, edited 2 times in total.
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Re: 03/25/2020 Live Update

Postby Daniel » Wed Mar 25, 2020 10:07 am

QQQ has pulled back to its 15min (strongly upslope) 20ema, SPY and IWM still just above.
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Re: 03/25/2020 Live Update

Postby Al_Dente » Wed Mar 25, 2020 10:23 am

JPM estimates:  month and quarter-end rebalancing… balanced or 60/40 mutual funds...need to buy around $300 billion of equities to fully rebalance to 60% equity allocation.
Also, defined benefit plans, would need to buy $400 billion to fully rebalance and revert to pre-virus equity allocations.
Finally, the "balanced" sovereign pension funds ... would need to buy around $150 billion equities...
While JPM admits that the timing of these rebalancing flows is uncertain,
it is likely to take place over the coming days and ahead of March 31.
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Re: 03/25/2020 Live Update

Postby 1der » Wed Mar 25, 2020 10:25 am

How will the company’s who did buybacks reflect losses on the PnL and Bal Sheets?
Purchase was credit to cash acct, debit to ??? And then what on PnL?
Or does it even matter??

Appreciate the help... Thxs.
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Re: 03/25/2020 Live Update

Postby Al_Dente » Wed Mar 25, 2020 10:28 am

60min
top panel credit: bb52x
325sixty.png.png
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Re: 03/25/2020 Live Update

Postby Cobra » Wed Mar 25, 2020 10:28 am

Breakout on the downside with strong bear bar in the next couple of bars then it could be a downtrend day although personally I'll treat it as a range day since it'd be mostly within the yesterday's range.
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Re: 03/25/2020 Live Update

Postby Daniel » Wed Mar 25, 2020 10:44 am

Today SPY is above its (widely watched) 15min 200ema for the first time since early March.

Didn't happen yest, just occurring now...
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Re: 03/25/2020 Live Update

Postby BullBear52x » Wed Mar 25, 2020 10:46 am

I still very hopeful that overnight high will be test, then the real breakout or no GO. will see.
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Re: 03/25/2020 Live Update

Postby Daniel » Wed Mar 25, 2020 10:47 am

Cobra wrote:... then it could be a downtrend day, although personally I'll treat it as a range day....

SPY now up ca 1/2%, and sitting right on its daily VWAP. It's looking like a range day.
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Re: 03/25/2020 Live Update

Postby BullBear52x » Wed Mar 25, 2020 10:52 am

Wishful thinking. I am on the blue team.
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Re: 03/25/2020 Live Update

Postby K447 » Wed Mar 25, 2020 10:55 am

Daniel wrote:... SPY ... 15min 200ema ...

Is that much different from the 'widely watched' hourly 50 bar line?
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Re: 03/25/2020 Live Update

Postby Heck » Wed Mar 25, 2020 11:18 am

1-month and 3-month Treasury bill yields now negative

BULLYA
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Re: 03/25/2020 Live Update

Postby Cobra » Wed Mar 25, 2020 11:23 am

So it's just a range day. The range low probably was in, seeking the range high, assume the day high for now.
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