04/02/2015 Live Update

[fehro]

hmmmm

[KENA]

This keeps on surprising me. There are some guys out there who don't want the market to go down. And they keep on engineering it with the same technique - a blast of buying at the open.

7.png

I believe it is the central banks.

As far as I know the Fed is not allowed to play around with futures/equities - but they are active in one way or the other in the bond market. And these moves might be mirroring fixed income activities.

As to bonds: should the USB/SPX ratio continue to rise in April (note that it's a monthly chart) the equity market might be in for a nice correction. In the last 20 years system always gave good signals.

u.png

Yes I know what you say are true. I have read quite a bit otherwise that the central banks in fact do pump the mkt. Legal or not. But no matter we have to live with it.

[Cobra]

100% mm.

[jway888]

100% mm.

*thumbs up

[MrMiyagi]

Rig count appears to be stabilizing:

diggy

777.png (2.68 KiB) Viewed 3492 times

[DellGriffith]

theres always been a large dip shortly before (or during) a full moon. buy it and ride a large rally.

[DellGriffith]

for what its worth i would never trade moon phases...but that chart is scarily accurate.

[Cobra]

this pullback might be bought as well but the range high could be close.

[fehro]

SPX .. still in-between.. holding above 20w SMA 2063 below 20d/50d 2073

[ALdaytrade]

This keeps on surprising me. There are some guys out there who don't want the market to go down. And they keep on engineering it with the same technique - a blast of buying at the open.

7.png

I saw the market go up this morning before the open and thought of your post. Could this be an input of European $$$?

[fehro]

SPX… choppy chop

[Al_Dente]

NYSE advancing stocks = ROUGHLY 2x declining stocks
NYSE advancing volume = ROUGHLY 4x declining volume
The strong bull volume would suggest more stocks would be participating (should be better than 2x)
Just a bit of divergence, indicating the volume is pushing fewer stocks up.

[Trades with cats]

JP Morgan called the boys together during a major panic (after the government had failed to stop it) and they followed the french example creating a market for bonds when the buying had evaporated. After the markets returned to normal they sold back what they had purchased. It worked so well that they formed the Federal Reserve Bank to formalize what they had done. During the World War the politicians took over and forced them to only buy government bonds. Then, during the Regan Administration they created a working group known as the plunge protection team. It is widely reported that Alan Greenspan used Cidital Trading to do his market interventions. These days it is handled by the New York branch. Thus the jokes about the fifth floor of the Marriner Eccles building. They also have a Chicago desk. I have read nothing about coordination with other central banks but others are now buying into the market indexes to diversify their dollar holdings.

Of course when we see the Yen or the VIX hammered and then a spate of market correlation algos move the SPX we don't really know who wanted the market moved, but we do know they have deep pockets and are unconcerned about the SEC. It also, in my opinion reduces the effectiveness of TA. Look at oil today after the bots read the headline on the Iran talks failing but of course had no comprehension of what was being said. If your stops got run over, well too bad.

[Cobra]

always give bulls more credit so assume there's another push up.

[fehro]

better lines on and closer view on the 5m

[Out of Bounds]

Marathon Petroleum (MPC)
down almost 4%

Capture.PNG (5.31 KiB) Viewed 3285 times

[Cobra]

ok, targeting range low now. I hate this market.

[Al_Dente]

an interim agreement has been reached on the principles for dismantling Iran's nuclear program in exchange for lifting heavy economic sanctions

CNN live now

[MrMiyagi]

I think Obama is blabbing about Iran and nukes.

[fehro]

hmm TRANsports <200d