03/03/2016 Live Update

[fehro]

SPX red, VIX red VIX took out yesterday's LOD, and VXX was slammed… someone wants cheap protection?

[uempel]

Fehro wrote: "SPX barely hanging on ..."

Bullish Percentages are a lagging indicator, but I see no sign that momentum is weakening. Applying BPNYA as a navigator helps us stay in a trend - as this chart shows.

Of course there are tons of reasons to be careful, but at the moment the move up is still in full swing. My main concern is that robots might be programed to sell MA 377 at SPX 1987 or at the ellipse crossover SPX 1994 ...

[JFR]

Choppy. Range bound. Kind of ugly.

[fehro]

SPX here we are again.. looks weak.. HFT playing the "serrated knife" algo in that orange wedge.. up down up down up down.. cutting everyone up

[JFR]

Right down to the bottom. Finding some support.

[brokebybernacke2]

Should MA 377 be broken there is good resistance up at 1994ish. And there is a time signal for tomorrow's opening too

fdfd.png

nice, would love for a last pop to get close to there plus with vix nearing mid 16s, will short mucho near there, maybe eod today if lucky...a strong jobs report to start the pullback that lasts until the next fomc meeting where they himhaw on rates for another rally till sell may go away time is my preferred path...

[uempel]

SPX here we are again.. looks weak.. HFT playing the "serrated knife" algo in that orange wedge.. up down up down up down.. cutting everyone up

Bullish Percentages have been gaining strength the whole day ...

http://stockcharts.com/freecharts/candl ... BPENER|B|0

[JFR]

Strong moves by EURUSD and GBPUSD ...

[Daniel]

DXY testing 50d, 98.044 ..

Euro Index coming UP strong off its (declining) lower Bollyband.

Near hod, 2nd day up, second blue daily Elder bar after 10 conseq. red ones.

Implication is currency mean reversion, 20day is about 2% overhead; and if Euro reverts, then dollar is unlikely to meander off into extreme levels in either direction.

[Daniel]

Starting to scale in shorts to hold over the next few days. Taking advantage of these rips.

Ditto. But I'm going to wait until post-jobs report. This market just itchyy-wants to go to the obvious targets SPX 2000 and SPY 200, thereabouts, and have a Gunfight at the OK Corral over the future direction of the interm. term market levels. The NFP may be an 'excuse' to run price there.

If so, I'd rather be tardy in re-instituting shorts than run over. As Cobra always says, in an easy money highly-liquid environment, "all bulls needs is imagination".

[fehro]

/CL - USOIL mind the 50d at 32.12 measured move of the red bearish rising wedge 60m W/D/60m

no wedgy breaky.. *yet

that /CL is gnarly one.. wicked moves in the wedge.. 60m back near LOD.. LOD goes.. look out below.. doji the daily.. it seems so bigger move tomorrow?

[josephli]

hello every one.

USD in consolidation zone, may retest lower channel bound again.

[uempel]

Should MA 377 be broken there is good resistance up at 1994ish. And there is a time signal for tomorrow's opening too

The attachment fdfd.png is no longer available

nice, would love for a last pop to get close to there plus with vix nearing mid 16s, will short mucho near there, maybe eod today if lucky...a strong jobs report to start the pullback that lasts until the next fomc meeting where they himhaw on rates for another rally till sell may go away time is my preferred path...

Pivot area on BPNYA i.e. on SPX too

[josephli]

Starting to scale in shorts to hold over the next few days. Taking advantage of these rips.

Ditto. But I'm going to wait until post-jobs report. This market just itchyy-wants to go to the obvious targets SPX 2000 and SPY 200, thereabouts, and have a Gunfight at the OK Corral over the future direction of the interm. term market levels. The NFP may be an 'excuse' to run price there.

If so, I'd rather be tardy in re-instituting shorts than run over. As Cobra always says, in an easy money highly-liquid environment, "all bulls needs is imagination".

Market again in long term cross road. technically the a-b-c correction could have been done. the market continue up from this point would bean a uber bull market. uempel's bullish percent index also indicate current value approaching Dec 31st. further up would indicate internals is stronger now and supposedly more bullish.

I personally doubt this is a uber bull market from this point on, unless Fed start another round of easing or initiate negative rate.

[Heck]

Second Day All Three ISE Indices = DOWN
https://www.ise.com/market-data/isee-index/

[brokebybernacke2]

Starting to scale in shorts to hold over the next few days. Taking advantage of these rips.

Ditto. But I'm going to wait until post-jobs report. This market just itchyy-wants to go to the obvious targets SPX 2000 and SPY 200, thereabouts, and have a Gunfight at the OK Corral over the future direction of the interm. term market levels. The NFP may be an 'excuse' to run price there.

If so, I'd rather be tardy in re-instituting shorts than run over. As Cobra always says, in an easy money highly-liquid environment, "all bulls needs is imagination".

a really strong jobs report would make some nervous...

[josephli]

USDjPY has been chopping around. could still be box consolidation. short term a descending triangle forming, bias is down to retest box bottom.

[Pagat]

3 days and don't want to drop

[josephli]

Starting to scale in shorts to hold over the next few days. Taking advantage of these rips.

Ditto. But I'm going to wait until post-jobs report. This market just itchyy-wants to go to the obvious targets SPX 2000 and SPY 200, thereabouts, and have a Gunfight at the OK Corral over the future direction of the interm. term market levels. The NFP may be an 'excuse' to run price there.

If so, I'd rather be tardy in re-instituting shorts than run over. As Cobra always says, in an easy money highly-liquid environment, "all bulls needs is imagination".

a really strong jobs report would make some nervous...

a strong report open to march or april rate hike.

[Cobra]

members only update at 12:22 pm
http://www.cobrasmarketview.com/2016/03 ... ay-update/