03/17/2021 Live Update

[Trades w 2 Cats]

Whole lot of Gamma goes away on Friday. Used to be derivities were just that but these days they are becoming the tale that wags the dog.
Weekend reading https://systematicindividualinvestor.co ... ity-flows/
I haven't waded through it yet but it looks like it will be a slog to read it.

[Al_Dente]

Another one says LISTEN for Powell to mention 2023 instead of 2024
"JPM: The Entire Rates Complex Will Reprice If Fed Confirms That Lift-Off Is Coming In 2023"

[Al_Dente]

Whole lot of Gamma goes away on Friday. Used to be derivities were just that but these days they are becoming the tale that wags the dog.
Weekend reading https://systematicindividualinvestor.co ... ity-flows/
I haven't waded through it yet but it looks like it will be a slog to read it.

Thanks boss. Could you please slog through it and post a succinct summary IN ENGLISH for the benefit of your buddies on board

[Al_Dente]

intraday bias is still with the put buyers atm

[Trades w 2 Cats]

https://www.federalreserve.gov/newsevents.htm

Watch live press conference at 2:30 eastern time.
Zerohedge preview had no rules so I am not sure when you sip and when you drink a shot.

[Al_Dente]

What to do with your stimmy ?
pay off credit card debt
[Warren the Buffett]

[Al_Dente]

One year in the life of the S&P banks (red dash) and SPX (purple dash)
and the loan sharks (black, green and brown)

[Al_Dente]

Only 35% of NYSE stocks are advancing atm
$NYADV:$NYTOT

[Al_Dente]

https://www.federalreserve.gov/newsevents.htm
Watch live press conference at 2:30 eastern time.
Zerohedge preview had no rules so I am not sure when you sip and when you drink a shot.

thanks for that link boss

[Cobra]

Show time. The first reflection is usually the true direction which is up.

[Al_Dente]

UNCHANGED

[Al_Dente]

powell
https://www.youtube.com/watch?v=njsj0RVVLxA

[Al_Dente]

Show time. The first reflection is usually the true direction which is up.

Cobra: thanks for reminding us of that. I REALLY APPRECIATE that.

[Al_Dente]

Only 35% of NYSE stocks are advancing atm
$NYADV:$NYTOT

UPDATE 58% of NYSE stocks are advancing atm
[hello AD: is that the best u can do?]
I think that just means that the wild advance is narrow based, NOT broad based

[Cobra]

Show time. The first reflection is usually the true direction which is up.

Cobra: thanks for reminding us of that. I REALLY APPRECIATE that.

You're welcome!

[Cobra]

FOMC day usually close on a weak tone, beware.

[Palantir]

Cobra, you saved my skin with that reminder, as well.
Many thanks!

[Cobra]

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

[Cobra]

Members only update at 3:53 pm
http://www.cobrasmarketview.com/2021/03 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

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/ ... /533449387