04/12/2016 Live Update

[fehro]

Insanity: doing the same thing over and over again and expecting different results.Albert Einstein

SPX 2m...

The results must differ, eventually.

Otherwise, nothing to trade.

more about having fun.. bulls up then down, bulls up then down, bulls up? then down? = insanity .. not the pattern as much… pretty sloppy.. patterns within patterns.. >2058 or <2035 "should" produce bigger moves

[Cobra]

dip buyers are working. let's see how far the push up can go. if very strong up then forget about 3 push up.

[Daniel]

In terms of fundamentals, with energy and mining and even materials ripping (even without much tailwind from econo-strength), the key laggard sector has been the big banks. Many report earnings, and then perform CEO-blab, this week. No doubt much of the spiky market action this week is due to plain indecision before such a barrage, especially with SPX in the tight triangle OOB just recently reprised.

SPY above 205.80, then 206 would be a show of breakout strength (or perhaps Fehro's headfake #5).

[fehro]

SPX trying to break out mind the open gap

[Cobra]

at least there'll be a 4th push up.

[Daniel]

Intraday, DJT fresh hod, SMH now green, there is no current good news for bears.

[josephli]

Intraday, we have entered a phase of non-pattern. Supposedly a big rally of USDJPY and crude will help the bull, we have seen in the last couple of days these correlation could decoupled fast. there is no significant edge here either trend following or counter trend, though it is still profitable with tight stops. for the long term, it seem to be make or break case here for the bull.

[josephli]

again, for the short term, it seems there is some space to run to test ES high of 2071

[Cobra]

mini pullback target, meet it would confirm it's 3 or 4 or 5 push up.

[fehro]

hmm not the usual explosive move above longer resistance.. holding… so far.. may gap up tomorrow… above the gaps .. if we don't' move late in the day.. hourly candle will be of interest

[Out of Bounds]

/ES HOD yesterday was 2065.5

[josephli]

crude up, but....
http://www.reuters.com/article/us-oil-t ... SKCN0X91E4

OPEC meeting this week, maybe sell the news?

[brokebybernacke2]

crude up, but....
http://www.reuters.com/article/us-oil-t ... SKCN0X91E4

OPEC meeting this week, maybe sell the news?

maybe, but if, big if, they come up with a real deal, oil could rocket, and take markets with it.......

[fehro]

into the gap..

[MrMiyagi]

!!! POWER HOUR !!!

[josephli]

crude up, but....
http://www.reuters.com/article/us-oil-t ... SKCN0X91E4

OPEC meeting this week, maybe sell the news?

maybe, but if, big if, they come up with a real deal, oil could rocket, and take markets with it.......

oh well, even if they have the deal, it does not necessary means the crude will go up.

[josephli]

from here market should go up and up till EOD. bull needs to break SPX 2068 intraday

[MrMiyagi]

crude up, but....
http://www.reuters.com/article/us-oil-t ... SKCN0X91E4

OPEC meeting this week, maybe sell the news?

maybe, but if, big if, they come up with a real deal, oil could rocket, and take markets with it.......

Even if they freeze, it means nothing. They are still pumping out more than the burn rate. Iran won't stop increasing production until they reach their target.

[Out of Bounds]

crude up, but....
http://www.reuters.com/article/us-oil-t ... SKCN0X91E4

OPEC meeting this week, maybe sell the news?

maybe, but if, big if, they come up with a real deal, oil could rocket, and take markets with it.......

Even if they freeze, it means nothing. They are still pumping out more than the burn rate. Iran won't stop increasing production until they reach their target.

That's what I'm thinking - besides, they are all going to cheat anyway.

[brokebybernacke2]

!!! POWER HOUR !!!

think u mean "Power Decade!" - any more pbars up up and away??