03/27/2014 Live Update

[Cobra]

members only update at 3:45 pm
http://www.cobrasmarketview.com/2014/03 ... ay-update/

[Cobra]

guess that's it for today. need dig a little for tomorrow although red close would mean a 94%+ winning rate setup triggered which I'll explain to members if indeed. Thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[BullBear52x]

Why do anyone want to ruin your day in the last 8min. Peace!

[rhight]

I just put in a stop on my short, and so that means price is going up. OK, will prices be higher on Tuesday 4/1 (that's April Fool's Day), or lower? Any opinions?

1860-62 SPX 60m between now and March 31 close... may tag 1860ish.. and close on neckline prior. So a gap? on April 1? or maybe March 31

How about 1860 for tomorrow?

Is there a reason why we can not reach this for tomorrow?

To quote Simon & Garfunkel "I would not give you false hope on this strange and mournful day"

Seriously, even though price is down today, the sellers haven't stepped up to the plate, the neckline has been defended, NYUD and TRIN are positive, end of quarter looms, and so a low volume gap up in the morning would be perfectly fitting. The chart I showed this morning was mis-drawn, the blue box ended at 3 this afternoon, and price stayed in it all day. The prior two time price rebounded quickly. Today is more like 3/13 - 3/14, which also rebounded. That said, it is getting to be that time in the cycle where a large gap down and then across the 50dma, would probably start tripping stops, sending things down quickly. Perhaps that is why the large sellers are waiting, so that their customers are happy when they receive their quarterly statements.

Of course, I really don't know

[ALdaytrade]

Is there a reason why we can not reach this for tomorrow?

Because we are in a downtrend.

Maybe we can reach this target for tomorrow.

I am just looking at the 5 hour chart and we are bouncing off the lower bollingerband. The middle of the bollingerband is at 1863.13. I am looking toward another downtrend at that moment or somewhat before, to be safe. I can always wish upon a star!

[Nrsimha]

Guys, please stock related stuff only, no politics, thanks.

Politics isn't stock-related.

Ohhhhh Keeeeeee.
Gee, you learn something new everyday.

[Nrsimha]

Suggested reading:

http://www.etoro.com/education/how-poli ... rkets.aspx

http://blogs.reuters.com/india-expertzo ... ck-market/

http://abcnews.go.com/Business/story?id=6185252

http://mercatus.org/publication/stock-m ... cal-events

Oh well, I guess I'm banned now.

[flumanchu]

About 6.3 billion POMO left between now and Monday. Still thinking appr 1876 by Monday which is resistance area (1875). Something will come out either tonight or over the weekend to miraculousy push this up.

However, be forewarned, until the next POMO schedule is released, it could be very short lived. If the schedule looks weak (< 1.8 / day avg), then a sellof could start Monday afternoon.

Next month will mark a point where POMO will not be able to support the market - pivotal.

If there's further reduction again (from 30 billion in April to 25 billion), I think the Fed will pause. I've heard GDP for 1st quarter estimated at negatively impacted by the cold weather by (-.4) this could be enough reason to pause the reductions, even from 30 to 25 - they might just stop at 30 billion.

Actually, I'm not sure they'll ever be able to reduce from 30 / 25 billion this year, especially since it's an election year. The market would be falling all the way to elections if they do...

Still - 1876 by March 31 - 1790 by end of April - all by POMO.


.

[tsf]

About 6.3 billion POMO left between now and Monday. Still thinking appr 1876 by Monday which is resistance area (1875). Something will come out either tonight or over the weekend to miraculousy push this up.

However, be forewarned, until the next POMO schedule is released, it could be very short lived. If the schedule looks weak (< 1.8 / day avg), then a sellof could start Monday afternoon.

Next month will mark a point where POMO will not be able to support the market - pivotal.

If there's further reduction again (from 30 billion in April to 25 billion), I think the Fed will pause. I've heard GDP for 1st quarter estimated at negatively impacted by the cold weather by (-.4) this could be enough reason to pause the reductions, even from 30 to 25 - they might just stop at 30 billion.

Actually, I'm not sure they'll ever be able to reduce from 30 / 25 billion this year, especially since it's an election year. The market would be falling all the way to elections if they do...

Still - 1876 by March 31 - 1790 by end of April - all by POMO.


.

Thank you, sir. Pretty clever of you.

[Al_Dente]

[TWT]

$SPX: Monthly chart with few thoughts