03/09/2016 Live Update

[fehro]

SPX .. waiting for Draghi.. tomorrow 7:45 AM ET

[MrMiyagi]

NEVER GONNA STAY DOWN FOR MORE THAN ONE DAY!!!!


EVVVARRRR!!!!

[Cobra]

so far no comments today, I have no idea where the market is going. probably is waiting for tomorrow ECB decision.

[BullBear52x]

Never underestimate the deep pocket. they will buy you lunch by accident from time to time

[BullBear52x]

This is how I see it today, the first 3 push over the green zone failed to hold, now the 4th push? you got to be kidding me.

[JFR]

Home on the range. Choppy range. Stop runs.

[Al_Dente]

Bears had a chance at a triple-bottom breakdown. They blew it.
Now higher lows
And USO (pink) ascending triangle
Plus:
NY advancing stocks are 2.5 x declining stocks
NY advancing volume is 2.1 x declining volume

An HOD is essential for the bulls..... essential….

[JFR]

CVX. Up. Down. Up. But pausing.

[BullBear52x]

TSI is your friend. let see last stand for intraday bears here.

[laoguo]

How is the intraday $NYMO, Mr. Miyagi?

[Trades with cats]

Coolbizone, who nailed the Feb low in CL on twitter posted four targets at the time. This week he has gone short saying he did not think his last target of 42 would be reached.
Here is his Feb chart.

There is too much oil for the current world demand. If the economy picks up suddenly that could change. So with a large oversupply that isn't going away anytime soon why have prices spiked up as they do periodically in bear markets. I don't know, but there sure is a lot of news and speculation.

Politically it has been confirmed that the Fed did have several major banks meet with the oil companies last month in Dallas to discuss things. It has been shown that this bounce is being used to reduce bank debt and replace it with equity or new junk bonds with low priority claims on assets. The opinion is that the big banks would rather burn some customers who are buying toxic equity than end up as debtors in possession.

It was reported today that shale drillers are being slow to lock in prices on the futures market. At the same time it is being said that at somewhere between 40 and 50 new supply will come on line. It has never been proven that shale drillers have any ability to predict the market.

Uptick in Chinese demand is supposedly because the teapots (small coastal privately owned refiners) are finally being allowed to export product so they are running flat out. But that should be a one time event, not an increasing source of demand as some analysts are mis-interpreting.

It is a given that we are into refinery shut downs so storage numbers are less meaningful. At the same time the industry is thinking americans will be driving a lot this summer.

We are moving into the monthly contract roll where the sharks feed on the ETFs and it should be especially bloody with the huge increase in front month by the etfs. At the same time it looks like the CTAs have capitulated and greatly reduced their shorts.

[Heck]

All Three ISE Indices =SELL
https://www.ise.com/market-data/isee-index/ …

[BullBear52x]

we will see new LL before HH on 5 min.

very sure of it. very very sure of it.testing 1979.5 at least.

[Daniel]

Boss, Tracking FRO?

Tracking it, I've never heard of it.
Frontline ltd? Sounds like a CIA front company, and has a nearly sideways 8day ema, and an ADX that is declining after a long downtrend, implying perhaps bottoming. Otherwise I plead total ignorance.

Meanwhile, homebuilders and transports flirt w intraday highs, energy is cooling, and the yen just hit another intraday low.

[BullBear52x]

Boss, Tracking FRO?

Tracking it, I've never heard of it.
Frontline ltd? Sounds like a CIA front company, and has a nearly sideways 8day ema, and an ADX that is declining after a long downtrend, implying perhaps bottoming. Otherwise I plead total ignorance.

Meanwhile, homebuilders and transports flirt w intraday highs, energy is cooling, and the yen just hit another intraday low.

sorry I mixed you up with someone here.

[Trades with cats]

From twitter "BofA: "buybacks by corporate clients accelerated last week to their highest level since August"".
Bingo another data point for my theory that this bounce should be called Tim Cook makes his Bonus, middle name by spending 16 billion of OPM. Is there anyone on this forum who doesn't have a tee shirt from prior versions of this event?

[Daniel]

This is how I see it today, the first 3 push over the green zone failed to hold, now the 4th push? you got to be kidding me.

Central bankers can kid anyone they please, BB52! Injecta-cash.

USO fresh hod, does not care about ECB decisions. Otherwise, markets are "stuck in neutral", with a slite upside bias.

[Trades with cats]

Daniel,

FRO is John Fredrickson's (one of worlds 100 richest) oil tanker company, one of the largest players in the spot market.
http://www.frontline.bm/

[BullBear52x]

This is how I see it today, the first 3 push over the green zone failed to hold, now the 4th push? you got to be kidding me.

Central bankers can kid anyone they please, BB52! Injecta-cash.

USO fresh hod, does not care about ECB decisions. Otherwise, markets are "stuck in neutral", with a slite upside bias.

4th push about to fail also

[JFR]

USD.JPY