03/30/2020 Live Update

Post by **Cobra** » Mon Mar 30, 2020 9:09 am

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No idea up or down from here. The rebound overnight looks impressive though so maybe bias is up?

Post by **Cobra** » Mon Mar 30, 2020 9:12 am

Members only update starts here: http://www.cobrasmarketview.com/2020/03 ... ay-update/

Post by **Cobra** » Mon Mar 30, 2020 10:10 am

Members only update at 10:10 am
http://www.cobrasmarketview.com/2020/03 ... ay-update/

Al_Dente · Post by **Al_Dente** » Mon Mar 30, 2020 10:13 am

% Comparing 100 of the highest-beta stocks (green) to the lower-beta staples (gold)
6 months, daily

Al_Dente · Post by **Al_Dente** » Mon Mar 30, 2020 10:16 am

Banks
"too big to fails"
15min

Post by **Cobra** » Mon Mar 30, 2020 11:00 am

The pullback means it's just a range day.

Al_Dente · Post by **Al_Dente** » Mon Mar 30, 2020 11:34 am

where is everyone?

Al_Dente · Post by **Al_Dente** » Mon Mar 30, 2020 11:39 am

https://www.youtube.com/watch?v=ovwbHsKS6gA

Heck · Post by **Heck** » Mon Mar 30, 2020 11:45 am

Al_Dente wrote:where is everyone?

Home on the Range

All Three ISEE = UP

BULLYA

Post by **Cobra** » Mon Mar 30, 2020 11:48 am

May test the Friday high, breakout would mean a late uptrend day in which case I'll still treat it as a range day.

Al_Dente · Post by **Al_Dente** » Mon Mar 30, 2020 11:50 am

De Blasio streaming as "Comfort" ship arrives
https://www.youtube.com/watch?v=w_Ma8oQLmSM

The United Nations gave us a quarter-million masks

Spacebased · Post by **Spacebased** » Mon Mar 30, 2020 11:50 am

Bullish engulfing wins!

BullTart · Post by **BullTart** » Mon Mar 30, 2020 11:53 am

Fund rebalancing nearly done... tomorrow is last day of the month so should be over soon.

Funds have no choice but to increase their equity exposure before month-end to be in line with their prospectus. They have to buy. Perhaps the best illustration was the morning when unemployment claims came out a lot worse than expected and the markets skyrocketed through what seemed like a very controlled programmatic buying program.

Fund also aren't stupid. They realize that once month-end rebalancing is over, there may be a dearth of buyers and the levitation game may sink real quick.

So what do they do? They buy protection through put options.

What does that do? Well, it keeps the vix elevated... like even if the SPX rises, the VIX doesn't go down. Because the funds are paying premium for protection. Because month end rebalancing is coming to an end.

Anyways, that's my current trading strategy. Technicals help me scale more efficiently in and out of that thesis.

Al_Dente · Post by **Al_Dente** » Mon Mar 30, 2020 11:56 am

Democrats are trying to figure out a way to replace Biden with Cuomo

(not joking)

BullTart · Post by **BullTart** » Mon Mar 30, 2020 11:59 am

Meanwhile, in fundamentals world...

The coronavirus economic freeze could cost 47 million jobs and send the unemployment rate past 32%, according to St. Louis Fed projections.

32%, even if for just a blip, is an astonishingly high number for the St. Louis Fed to come out with as a projection!

For reference, the highest unemployment rate during the Great Depression was 25% in 1933.

Post by **Cobra** » Mon Mar 30, 2020 12:07 pm

Members only update at 12:08 pm
http://www.cobrasmarketview.com/2020/03 ... ay-update/

JFR · Post by **JFR** » Mon Mar 30, 2020 12:55 pm

ES daily. Up against the EMA 20.

JFR · Post by **JFR** » Mon Mar 30, 2020 12:57 pm

Al_Dente wrote:where is everyone?

Sleeping.

ES 5. Stalled out after a good move up. Up against resistance.

JFR · Post by **JFR** » Mon Mar 30, 2020 1:00 pm

Dow 30. A sea of green. JNJ, MSFT and MRK amongst the leaders. BA grounded.

Al_Dente · Post by **Al_Dente** » Mon Mar 30, 2020 1:17 pm

Cuomo STREAMING from Javitz… just started
https://www.youtube.com/watch?v=CA-nWVyZ74w

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