03/25/2015 Live Update

[Al_Dente]

5 minute
I call it a box formation (old-fashioned TA), bulkowski calls it a rectangle, this guy calls it a "Horizontal Channel"
“The breakout [breakdown] often occurs at the 4th contact point”
http://www.forex-tribe.com/Horizontal-Channel.php

[MrMiyagi]

!!! POWER HOUR !!!

[Cobra]

!!! POWER HOUR !!!

[Trades with cats]

Crude knife catchers are betting against US foreign policy. Assuming hot war on Saudi Yemen boarder will disrupt supply. Betting Kerry can't get deal to lift Iranian sanctions, counting on France to say no. Betting refiners in US set all time records this spring, as refined products are how you ship oil out of US.

Sorry Charlie need $80 barrel to return industry to health, not low 50's. These oil tycoons won't make any decisions until forced. Waited until the devil was knocking on the door (SEC required re-statement of value of in ground oil) to dilute the heck out of shareholders so they can pay off all debt where covenants will be violated. Will try to issue more junk bonds, but the real outcome is protection from creditors, then for many, eventual liquidation. Gary Shilling said $20 was the cost to pump it out of the ground. Last week it got to $37 in North Dakota. We have a ways to go.

[Cobra]

vol surge, might be a rebound here then we'll see. hard to call if it's double bottom here.

[uempel]

Black channel support is breaking, but there is so much (other) support in 2060/70 area - I can hardly believe it's going to be broken today

[fehro]

SPX daily.. either nearing support (2065ish) and bounces to new all time highs with in the wedge.. or the wedge breaks.. and it gets really ugly...

[soku]

Crude knife catchers are betting against US foreign policy. Assuming hot war on Saudi Yemen boarder will disrupt supply. Betting Kerry can't get deal to lift Iranian sanctions, counting on France to say no. Betting refiners in US set all time records this spring, as refined products are how you ship oil out of US.

Sorry Charlie need $80 barrel to return industry to health, not low 50's. These oil tycoons won't make any decisions until forced. Waited until the devil was knocking on the door (SEC required re-statement of value of in ground oil) to dilute the heck out of shareholders so they can pay off all debt where covenants will be violated. Will try to issue more junk bonds, but the real outcome is protection from creditors, then for many, eventual liquidation. Gary Shilling said $20 was the cost to pump it out of the ground. Last week it got to $37 in North Dakota. We have a ways to go.

not sure if i follow you. yeah i agree refiners will be fine. i watched shilling on btv. i don't think his numbers are right

[MrMiyagi]

SPX right at 50sma, do or die time?

[fehro]

pennies short of 50d SPX 20 RUT.. NDX looks like it wants 50d

[Al_Dente]

Three things:
Participation: top panel, won’t update until the close, but you can see from yesterday’s close the percent above 20ma had already started down
SPY: middle panel, today will be the first red Elder bar, depending on the close
Momentum: bottom panel, updates intraday, down momo, with banks (red) the weakest, being the first to cross below the 50 dashed line

[Trades with cats]

Which refiners? Need close to a pure play on the gulf with lots of surplus capacity.

[soku]

update 4h float on /ES

[Cobra]

members only update at 3:28 pm
http://www.cobrasmarketview.com/2015/03 ... ay-update/

[soku]

still remember my freebie chart on aapl? no need to be greedy.
long live fg

[Al_Dente]

AAPL renko registered a sell on that weird spike down in the last 10 minutes of trading on Friday

[soku]

look at this

[soku]

me all covered. show hand. i am done for the week.
spring break i need to get out. good luck to alll

[Out of Bounds]

I am buying some stocks that are particularly beaten down. Mostly FSLR which is down 3.4%

[uempel]

Support area 2060ish is evident on the weekly. Of course it can be broken - but I can hardly believe it's going to be broken without a small bounce. Have I been bullishly brainwashed these last years?