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03/30/2021 Live Update

03/30/2021 Live Update

Postby Cobra » Tue Mar 30, 2021 8:37 am

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No idea up or down from here. Don't think it'd be a double top but let's see.

Gap down within yesterday's range so likely just a range day.
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Re: 03/30/2021 Live Update

Postby JFR » Tue Mar 30, 2021 8:43 am

ES daily. Pretty much at the top, pulling back a bit. Well above the EMA 20.


2021-03-30_05-42-16.png
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Re: 03/30/2021 Live Update

Postby JFR » Tue Mar 30, 2021 8:50 am

SPY 15. Yesterday's action was choppy. Spikes. Long bars. Pin bars.


2021-03-30_05-48-35.png
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Re: 03/30/2021 Live Update

Postby Al_Dente » Tue Mar 30, 2021 9:11 am

The 10-year Treasury yield topped 1.77% early Tuesday, taking out another January 2020 high

Case-Shiller home price index at 9 a.m. ET.

March consumer confidence is out at 10 a.m. ET.
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Re: 03/30/2021 Live Update

Postby JFR » Tue Mar 30, 2021 9:30 am

A Peek Into The Markets: US Stock Futures Mixed Ahead Of Earnings, House Price Data

U.S. stock futures traded mixed in early pre-market trade as the Wall Street closed mixed in the previous session with the Dow Jones adding around 100 points. Investors are awaiting earnings results from McCormick & Company, Incorporated

The S&P Corelogic Case-Shiller home price index and the FHFA house price index for January will be released at 9:00 a.m. ET. The Conference Board’s consumer confidence index for March is scheduled for release at 10:00 a.m. ET. Federal Reserve Governor Randal Quarles is set to speak at 9:00 a.m. ET, while Federal Reserve Bank of Atlanta President Raphael Bostic will speak at 12:00 p.m. ET. Federal Reserve Bank of New York President John Williams is set to speak at 2:00 p.m. ET.

Futures for the Dow Jones Industrial Average gained 56 points to 33,088.00 while the Standard & Poor’s 500 index futures fell 2.50 points at 3,956.50. Futures for the Nasdaq 100 index fell 68.50 points to 12,876.00.

The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 30,331,790 with around 550,030 deaths. Brazil confirmed over 12,573,610 cases, while India reported a total of at least 12,095,850 confirmed cases.

Oil prices traded lower as Brent crude futures fell 0.1% to trade at $64.87 per barrel, while US WTI crude futures fell 0.2% to trade at $61.42 a barrel. The API’s report on crude inventories will be released later during the day.


https://www.benzinga.com/news/earnings/ ... price-data
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Re: 03/30/2021 Live Update

Postby BullBear52x » Tue Mar 30, 2021 9:33 am

Sell day today. and right off the gate.
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Re: 03/30/2021 Live Update

Postby JFR » Tue Mar 30, 2021 9:37 am

Dow 30. Slightly more to the downside.


2021-03-30_06-36-25.png
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Re: 03/30/2021 Live Update

Postby Al_Dente » Tue Mar 30, 2021 9:43 am

Note: PAVE
sctr: 94.3
Tracks a market-cap-weighted index of US-listed companies The fund invests at least 80% of its total assets in the securities that provide exposure to domestic infrastructure development, including companies involved in construction and engineering; production of infrastructure raw materials, composites and products; industrial transportation; and producers/distributors of heavy construction equipment.
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Re: 03/30/2021 Live Update

Postby Al_Dente » Tue Mar 30, 2021 9:47 am

PAVE
Sector breakdown: 65% industrials, 21% materials, etc.
330pave.png.jpg
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Re: 03/30/2021 Live Update

Postby JFR » Tue Mar 30, 2021 9:50 am

SPY 1. A choppy little road to a scalp.


2021-03-30_06-49-20.png
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Re: 03/30/2021 Live Update

Postby Cobra » Tue Mar 30, 2021 10:02 am


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Re: 03/30/2021 Live Update

Postby Mr. BachNut » Tue Mar 30, 2021 10:16 am

Mr. B reporting in...

The NYMO cycle remains down.
Last week's rise may have been a corrective move to the zero line, and a second down thrust is on deck.
Alternatively, the cycle low was set last Wednesday, and we are just waiting for bulls to get things back above zero.
Time will tell.

Price has cleaned up a few gaps with a couple of down ones remaining.
There is an up gap at yesterday's close at the moment.

Big picture, price is creeping up with a big chop.
The 50 ma has provided some support.
It is interesting to see the 200 ma climbing faster than price.

I am still short the R2K. Three profit units scaled out with a runner position remaining.
I am flat SPX. My setup conditions have been behaving oddly to avoid teeing up a trade either long or short. :?

NYMO 033021.jpg
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Re: 03/30/2021 Live Update

Postby Trades w 2 Cats » Tue Mar 30, 2021 10:25 am

London EXCHANGE CLOSESIN 1 HOUR.
https://www.tradinghours.com/markets/lse/hours
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Re: 03/30/2021 Live Update

Postby Cobra » Tue Mar 30, 2021 10:41 am

It's the bear's last chance to make a downtrend day here.
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Re: 03/30/2021 Live Update

Postby JFR » Tue Mar 30, 2021 11:07 am

SPY 1 minute. Slow train to nowhere.


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Re: 03/30/2021 Live Update

Postby BullBear52x » Tue Mar 30, 2021 11:12 am

ES, new LL before any fun run again. buyers are determined to keep the market up.
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Re: 03/30/2021 Live Update

Postby BullBear52x » Tue Mar 30, 2021 11:15 am

Zoomed in, weak sauce. until RSI getting stronger to say bulls are serious.
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Re: 03/30/2021 Live Update

Postby te_fern » Tue Mar 30, 2021 11:21 am

Need SPX to break this line to the upside soon....
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Re: 03/30/2021 Live Update

Postby Cobra » Tue Mar 30, 2021 11:41 am

Consolidation, bias is up.
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Re: 03/30/2021 Live Update

Postby Al_Dente » Tue Mar 30, 2021 11:55 am

Top panel is straight price, bottom panel is percentage; all are leveraged ETFs.
10 days, 5min.
It looks like now that tech is faltering, SPY is taking its cues from health and banks. It would be lovely if tech could help the bulls more.

SPY WEIGHT as of 3/29/21: Information Tech is 26% of SPY. Communication Services is 11.0% of SPY… add both for a combined tech total of 37%.
Health is 13% of SPY. Consumer Discretionary is 12% (but it’s still overweight AMZN, TSLA and HD). Financials are 11%.

[Pasta’s IMHO: it’s all tech or tech-adjacent]

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