03/09/2016 Live Update

[Daniel]

Daniel, FRO is John Fredrickson's (one of worlds 100 richest) oil tanker company, one of the largest players in the spot market.

Thx for update, T.cats, perhaps it was you BB52 intended the inquiry for. I rarely venture outside of sector ETFs, and Dow 30 giants.

[BullBear52x]

Chart for the road: short term is bearish bias, caution to buyers trend change is in the work until bulls can turn back positive Histogram, keep it simple. Peace!

[JFR]

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

"Stuck in neutral." Yeahh.

[fehro]

ECB Interest rate & Deposit Facility Rate @ 7:45am ET , Press at 8:30am http://www.investing.com/economic-calendar/

Action packed morning

[brokebybernacke2]

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….

The attachment 39five.png.png is no longer available

yes, bear keep droppin ball..this could be setting up for a good move up, watching the power hour for clues of a flag break out...

[MrMiyagi]

How is the intraday $NYMO, Mr. Miyagi?

Intraday NYMO up to +70.34, off the day high of about +75.

[josephli]

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….

39five.png.png

yes, bear keep droppin ball..this could be setting up for a good move up, watching the power hour for clues of a flag break out...

yeah, supposedly today is a good day for a good pull back. can't believe bear gave up.

[Al_Dente]

Bears had a chance at ..............An HOD is essential for the bulls..... essential….

yes, bear keep droppin ball..this could be setting up for a good move up, watching the power hour for clues of a flag break out...

ELSEWHERE:
The SHORT TERM (not intraday) Risk Ratios show that folks still like risk, with two exceptions.
Well, that can change quickly if bears keep pushing. But "until there is a breakdown, there is no breakdown". [paraphrasing Al Brooks]

[MrMiyagi]

!!! POWER HOUR !!!

[Daniel]

...markets are "stuck in neutral", with a slite upside bias.

"Stuck in neutral." Yeahh.

Totally agree... so long as by spelling yeahh with two Hs, you mean not only that price is moving sideways, but also that up/down volume and advance/declines are not fluctuating much, and that many daily doji candles are being printed.

[Trades with cats]

Daniel,

You keep interesting company- Bill Gross tweeted Gross: Tomorrow's ECB decision will be last gasp for global negative interest rate policies

[laoguo]

How is the intraday $NYMO, Mr. Miyagi?

Intraday NYMO up to +70.34, off the day high of about +75.

Still quite high, probably not a good time to short

[JFR]

...markets are "stuck in neutral", with a slite upside bias.

"Stuck in neutral." Yeahh.

Totally agree... so long as by spelling yeahh with two Hs, you mean not only that price is moving sideways, but also that up/down volume and advance/declines are not fluctuating much, and that many daily doji candles are being printed.

Yup. Pretty much. Flat. LOL

Got some nice dojis there.

[fehro]

SPY/SPX riding the uptrend.. mind a late day crack.. to the downside.. mind the unfilled morning gap

[josephli]

Bears had a chance at ..............An HOD is essential for the bulls..... essential….

yes, bear keep droppin ball..this could be setting up for a good move up, watching the power hour for clues of a flag break out...

ELSEWHERE:
The SHORT TERM (not intraday) Risk Ratios show that folks still like risk, with two exceptions.
Well, that can change quickly if bears keep pushing. But "until there is a breakdown, there is no breakdown". [paraphrasing Al Brooks]

39risk.png

I personally do not believe in an immediate another leg down to 1600 or 1700. I think if that indeed happens, it would be several months later.

[Daniel]

Bill Gross tweeted: Tomorrow's ECB decision will be last gasp for global negative interest rate policies

Caution to self, and others: one never knows how much of any singularity type event, like a decision or announcement, has been leaked, and to whom, and so priced into various markets. For eg., EWG (Germany) just recently swooned in intraday RS, out of the blue...

"Best to follow market" - Cobra

[josephli]

Bill Gross tweeted: Tomorrow's ECB decision will be last gasp for global negative interest rate policies

Caution to self, and others: one never knows how much of any singularity type event, like a decision or announcement, has been leaked, and to whom, and so priced into various markets. For eg., EWG (Germany) just recently swooned in intraday RS, out of the blue...

"Best to follow market" - Cobra

RS means right shoulder?

[Al_Dente]

Stockcharts TRICKS
Just posted here:
http://www.cobrasmarketview.com/2016/03 ... ay-update/

[Daniel]

Into close, currently under VWAP: spy, iwm
Above: qqq

[uempel]

Checking in on SPX MA 144: