03/10/2016 Live Update

[fehro]

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.

mind the lower low.. 2008

[Cobra]

members only update at 12:10 pm
http://www.cobrasmarketview.com/2016/03 ... ay-update/

[Al_Dente]

Regardless of where we close today, DIA and $INDU printed an “outside day” and so did SPY and $SPX and so did IWM and $RUT (so did $COMPQ but not $NDX)

If we close red they will be called “bearish outside day”
Close green = “bullish outside day”

[Out of Bounds]

Might be time to go long here.

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

Not looking to hold for more than a little bit. I typically scalp a fast move.
.

[fehro]

SPX green channel holds.. VIX pauses at resistance...

[MrMiyagi]

Yesterday's $198.42 hit.

spy

Yesterday's $104.15 hit.

qqq

[Al_Dente]

% change off the 11 Feb lows
cyan IWM still leading, but now lower highs all across the top panel

[fehro]

Index Dailies... still hours to go... UUP - USdollar under pressure.. and VIX trying to hammer off the 200d 100d

[Daniel]

USO showing strong intraday RS (relative strength) to SPY-- equities hitting fresh LOD, USO well off it, actually still above the 5min 20ema...

[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

VIX breaks out... buckle up

[Daniel]

Materials and regional banks relatively strong today, China, smallcaps and energy stocks among the weakest sectors.

NYSE up/dn volume hitting most bearish level of the day.

[JFR]

Power out in the neighbourhood. Done for the day.

From the iPad.

GLTA

[MrMiyagi]

Intraday NYMO down to +38.06.

[TraderJoe]

It appears to be another 'Key Reversal Day', this time with better volume.

The April puts I bought on the 3rd are looking good today

[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

1970 tag ding ding v2.0.. cover some shorts here.

[nikman]

Daniel (or anyone else on this board),

Need to understand the implication of difference between the VWAP and actual trade price of SPY. Yesterday Daniel commented about the VWAP of SPY. I read the definition, but still don't understand what it implies. The VWAP on Cobra's 5-minute chart on SPY is around 199.70, while SPY is trading at 197.75. What does this mean? Thanks.

Materials and regional banks relatively strong today, China, smallcaps and energy stocks among the weakest sectors.

NYSE up/dn volume hitting most bearish level of the day.

[MrMiyagi]

QQQ at 50sma support, who's betting that it bounces to Mars?

[fehro]

Daniel (or anyone else on this board),

Need to understand the implication of difference between the VWAP and actual trade price of SPY. Yesterday Daniel commented about the VWAP of SPY. I read the definition, but still don't understand what it implies. The VWAP on Cobra's 5-minute chart on SPY is around 199.70, while SPY is trading at 197.75. What does this mean? Thanks.

fwiw...

VWAP gives the typical price of a stock (so far in the trading day), based on price moves and volume. It’s an intra-day indicator, starting with the first period (based on chart time frame chosen) of the day, and ending with the last. VWAP doesn’t provide trade signals like many other indicators; it’s an analysis and benchmarking tool. As the day progresses the VWAP begins to lag more and more. Therefore, retail traders find it more beneficial early in the trading session, and institutional traders find it more beneficial toward the close.

http://traderhq.com/trading-strategies/ ... age-price/

[ALdaytrade]

I am thinking 1960, as that is the weekly 4sma.

[MrMiyagi]

Come on.. one more nice drop.. just ONE drop for me dammit......