03/10/2016 Live Update

[Al_Dente]

“Energy ETFs Reverse Split To Survive”
Credit Suisse announced that it will implement a reverse split on two ETNs: UWTI (1/10 reverse split), and UGAZ (1/25 reverse split).
Effective at the open on Monday, March 14.
http://www.etf.com/sections/features-an ... newsletter

“…since inception in 2012, both ETNs [have] lost more than 99.5% of their value.”

[BullBear52x]

a kiss

Did we see double top today morning?

technically it's not a classic 2x top, resistance at first come2papa sell the rips level.

I'll be back.

[JFR]

USD.CAD a rocket ship.

[josephli]

key time. let's see whether bull can hold here. a pull back from extreme OB has overdue so my bias is down.

[fehro]

monring gap filled... mind the cyan channel, breaks green 1976ish - hourly ugly outside reversal

ding ding almost there.. VIX breaks up.. look for 1970, 1950

[josephli]

meanwhile, USDJPY big reversal.

[Al_Dente]

Oy Malloy
Hourly sitting right on the weekly pivot and triple bottom won’t hold

[JFR]

CL hitting the dumpster.

[K447]

CL hitting the dumpster.

Tuesday was a bigger move.

[JFR]

From John Murphy at StockCharts ...

SOME HISTORY ... Chart 3 shows the % of NYSE stocks above their 200-line since 2002. Drops below 20% have happened only four times since 2000 (red circles). The previous three upturns from those levels marked the end of two bear markets (early 2003 and 2009) and a correction in late 2011. Subsequent moves back above the 50% level (green line) helped to confirm a market upturn. This low a reading in the red line has usually signaled the end of a market downturn, not the start of one.

[JFR]

CL hitting the dumpster.

Tuesday was a bigger move.

Yes. But for me it is almost always about very short term action. Scalps and daytrades. Movement.

CL on a pullback or bounce. Or is it a turn back up? Don't know yet.

[Al_Dente]

China will “stimulate”
http://www.reuters.com/article/us-china ... SKCN0WC0MD

[brokebybernacke2]

From John Murphy at StockCharts ...

SOME HISTORY ... Chart 3 shows the % of NYSE stocks above their 200-line since 2002. Drops below 20% have happened only four times since 2000 (red circles). The previous three upturns from those levels marked the end of two bear markets (early 2003 and 2009) and a correction in late 2011. Subsequent moves back above the 50% level (green line) helped to confirm a market upturn. This low a reading in the red line has usually signaled the end of a market downturn, not the start of one.

[josephli]

From John Murphy at StockCharts ...

SOME HISTORY ... Chart 3 shows the % of NYSE stocks above their 200-line since 2002. Drops below 20% have happened only four times since 2000 (red circles). The previous three upturns from those levels marked the end of two bear markets (early 2003 and 2009) and a correction in late 2011. Subsequent moves back above the 50% level (green line) helped to confirm a market upturn. This low a reading in the red line has usually signaled the end of a market downturn, not the start of one.

thanks. very interesting.

[JFR]

From John Murphy at StockCharts ...

SOME HISTORY ... Chart 3 shows the % of NYSE stocks above their 200-line since 2002. Drops below 20% have happened only four times since 2000 (red circles). The previous three upturns from those levels marked the end of two bear markets (early 2003 and 2009) and a correction in late 2011. Subsequent moves back above the 50% level (green line) helped to confirm a market upturn. This low a reading in the red line has usually signaled the end of a market downturn, not the start of one.

thanks. very interesting.

You are welcome. Happy to share the info.

[Out of Bounds]

Might be time to go long here.

[josephli]

From John Murphy at StockCharts ...

SOME HISTORY ... Chart 3 shows the % of NYSE stocks above their 200-line since 2002. Drops below 20% have happened only four times since 2000 (red circles). The previous three upturns from those levels marked the end of two bear markets (early 2003 and 2009) and a correction in late 2011. Subsequent moves back above the 50% level (green line) helped to confirm a market upturn. This low a reading in the red line has usually signaled the end of a market downturn, not the start of one.

my personal view seems to echo with john murphy in that we might still in a long term neutral stage with large range consolidation. if it is indeed going to be a bear market it will be months later.

[josephli]

Might be time to go long here.

maybe not? USD being big sold, crude down, internal not looking good.

[Wallstreetrader]

Supp holds

[JFR]

Very strong bounce on oil, CL. Renewed hope for the longs.