03/23/2021 Live Update

[Cobra]

Members only update at 12:08 pm
http://www.cobrasmarketview.com/2021/03 ... ay-update/

[Al_Dente]

[source: Vincent Cignarella, Bloomberg reporter]
"Consumer confidence is key to how people plan to spend... And as the chip shortage grows, expect the higher prices to begin showing up in products, which could dampen confidence and eventually stall consumer spending."
https://cms.zerohedge.com/s3/files/inli ... k=pk-57du5

[Al_Dente]

What a gorgeous new GM pickup
It costs $9,000
WAIT. WHAT??
$9,000 but you can't buy it in the U.S.
https://www.foxnews.com/auto/gms-newest ... costs-9000

[Cobra]

The breakout if indeed, this time might be for real.

[Al_Dente]

[MrMiyagi]

The breakout if indeed, this time might be for real.

breakout or breakdown?

[Cobra]

Hmm, maybe the real test is here.

[Cobra]

The breakout if indeed, this time might be for real.

breakout or breakdown?

The same. Breakout on the downside.

[MrMiyagi]

The same. Breakout on the downside.

aie caramba!!

[Cobra]

Measured move down?

[Cobra]

Target met, volume surge, might be a rebound here first then we'll see. Should be another leg down because it's a 100% measured move down meaning the down momentum still is strong despite it's the 2nd leg down.

[Al_Dente]

Re: that persistent seller of Treasurys over the past few months.
MS: “Since the start of the year, 85% of the cumulative decline in TY futures prices occurred in the overnight session, i.e., Japan is almost single-handedly responsible for the dump
“...we have good reason to believe the selling from Japan won't last... into April." 
...That's because the fiscal year in Japan ends on March 31. "At that point, liquidation of non-yen bond holdings should stop, if not reverse at some point in the April-June quarter."

[Cobra]

Members only update at 3:30 pm
http://www.cobrasmarketview.com/2021/03 ... ay-update/

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2021/03 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449381

[JFR]

For me, for a lot of this stuff, it is in-between Long and Short, on a swing trade basis. For these 8 asset classes, I have to be flat, at this time. Just following some signals ...