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03/25/2020 Live Update

Posted: Wed Mar 25, 2020 9:19 am
by Cobra
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No idea up or down from here. If bulls are able to test the line above then breakout would be more likely than gets rejected again.

Re: 03/25/2020 Live Update

Posted: Wed Mar 25, 2020 9:22 am
by Cobra

Re: 03/25/2020 Live Update

Posted: Wed Mar 25, 2020 9:29 am
by BullBear52x
Find excuse to buy

Re: 03/25/2020 Live Update

Posted: Wed Mar 25, 2020 9:31 am
by Daniel
Instant gap fill all three majors.

Re: 03/25/2020 Live Update

Posted: Wed Mar 25, 2020 9:42 am
by Heck
6 Cobra Chart Watches UP

A trillion here, a trillion there

Pretty soon we're talking market UP

Springtime and the sap is rising

SP.1 Jun Futures BUYING > 2,386.00

Re: 03/25/2020 Live Update

Posted: Wed Mar 25, 2020 9:52 am
by Daniel
TLT up 1%. UUP is bouncing off its (upslope) 15min 200ema (first touch since 3/16 and 3/12, when it rallied off it almost immediately).

All three majors now red.

Re: 03/25/2020 Live Update

Posted: Wed Mar 25, 2020 10:00 am
by Cobra

Re: 03/25/2020 Live Update

Posted: Wed Mar 25, 2020 10:05 am
by Heck
$SPX BUYING > 2,407.53 edit

Green close ?

Re: 03/25/2020 Live Update

Posted: Wed Mar 25, 2020 10:07 am
by Daniel
QQQ has pulled back to its 15min (strongly upslope) 20ema, SPY and IWM still just above.

Re: 03/25/2020 Live Update

Posted: Wed Mar 25, 2020 10:23 am
by Al_Dente
JPM estimates:  month and quarter-end rebalancing… balanced or 60/40 mutual funds...need to buy around $300 billion of equities to fully rebalance to 60% equity allocation.
Also, defined benefit plans, would need to buy $400 billion to fully rebalance and revert to pre-virus equity allocations.
Finally, the "balanced" sovereign pension funds ... would need to buy around $150 billion equities...
While JPM admits that the timing of these rebalancing flows is uncertain,
it is likely to take place over the coming days and ahead of March 31.

Re: 03/25/2020 Live Update

Posted: Wed Mar 25, 2020 10:25 am
by 1der
How will the company’s who did buybacks reflect losses on the PnL and Bal Sheets?
Purchase was credit to cash acct, debit to ??? And then what on PnL?
Or does it even matter??

Appreciate the help... Thxs.

Re: 03/25/2020 Live Update

Posted: Wed Mar 25, 2020 10:28 am
by Al_Dente
60min
top panel credit: bb52x
325sixty.png.png

Re: 03/25/2020 Live Update

Posted: Wed Mar 25, 2020 10:28 am
by Cobra
Breakout on the downside with strong bear bar in the next couple of bars then it could be a downtrend day although personally I'll treat it as a range day since it'd be mostly within the yesterday's range.

Re: 03/25/2020 Live Update

Posted: Wed Mar 25, 2020 10:44 am
by Daniel
Today SPY is above its (widely watched) 15min 200ema for the first time since early March.

Didn't happen yest, just occurring now...

Re: 03/25/2020 Live Update

Posted: Wed Mar 25, 2020 10:46 am
by BullBear52x
I still very hopeful that overnight high will be test, then the real breakout or no GO. will see.

Re: 03/25/2020 Live Update

Posted: Wed Mar 25, 2020 10:47 am
by Daniel
Cobra wrote:... then it could be a downtrend day, although personally I'll treat it as a range day....
SPY now up ca 1/2%, and sitting right on its daily VWAP. It's looking like a range day.

Re: 03/25/2020 Live Update

Posted: Wed Mar 25, 2020 10:52 am
by BullBear52x
Wishful thinking. I am on the blue team.

Re: 03/25/2020 Live Update

Posted: Wed Mar 25, 2020 10:55 am
by K447
Daniel wrote:... SPY ... 15min 200ema ...
Is that much different from the 'widely watched' hourly 50 bar line?

Re: 03/25/2020 Live Update

Posted: Wed Mar 25, 2020 11:18 am
by Heck
1-month and 3-month Treasury bill yields now negative

BULLYA

Re: 03/25/2020 Live Update

Posted: Wed Mar 25, 2020 11:23 am
by Cobra
So it's just a range day. The range low probably was in, seeking the range high, assume the day high for now.