03/06/2015 Live Update

[BullBear52x]

fib fun.

[Heck]

Two/Three ISE Bullish now

https://www.ise.com/market-data/isee-index/

[soku]

spx 2065 / es 2060 area is the previous dbl top breakout. this support defines the tone of the market.
i still don't think there is big chance to go totally crash.

btw, what's the probability of intraday reversal today?

[uempel]

Update:

[BullBear52x]

market down 1.2% that is a lot.

but.....161.8% is still way down.

[Al_Dente]

Street chatter about the selloff:
After the bullish NFP and bullish unemployment rate reports this morning:
Traders believe this will increase the likelihood of a rate increase in JUNE rather than later

[grandeG]

AAPL to join the DOW on March 18. AT&T out.

WOW thanks for that post
“If you go back to 1987 (before the crash), only 13 of the current 30 Dow members are still in the index [after they boot ATT].

Something to think about...

https://twitter.com/sentimentrader/stat ... 8444911617

[BullBear52x]

Sentiment is now all pointing down.
Fear yes,

[Cobra]

vol surge, another rebound here might be then we'll see

[Trades with cats]

Laker, of the Richmond Fed was already on Siris radio calling for a June rate hike according to MarketWatch. He wants patient dropped from the message at this months meeting. Goldman (according to ZeroHedge) has already said this increases the odds of a June hike. The bond market is making the same assumption.

On the other hand a rate hike will send the Dollar into orbit and absolutely crush international earnings. But if they don't hike what is left of the Feds reputation will be gone, and a central bank with no credibility is a very toothless dog. Hard decisions for Aunt Janet.

[BullBear52x]

Laker, of the Richmond Fed was already on Siris radio calling for a June rate hike according to MarketWatch. He wants patient dropped from the message at this months meeting. Goldman (according to ZeroHedge) has already said this increases the odds of a June hike. The bond market is making the same assumption.

On the other hand a rate hike will send the Dollar into orbit and absolutely crush international earnings. But if they don't hike what is left of the Feds reputation will be gone, and a central bank with no credibility is a very toothless dog. Hard decisions for Aunt Janet.

Do we have to wait for them to tell us?

[grandeG]

Time to start taking working this one?

FEHRO,
3 peaks and domed home....peak=23?

http://thepatternsite.com/3peaksdome.html

[uempel]

Update:

[Auole]

Here's a possibility: I am playing the QQQ's so the same info applies also to the SPX. Open Interest study: approx. 82-83 days, we're on day 79 (See daily chart). I expect one last up move probably Mon. and likely from yet a bit lower low. Presently 14 days til March options expiration and I will expect the low to be around 5 days before OptionsExpiry. That could be around 105 on the QQQ's. (assuming planet behaves in somewhat normal ((allowing HFT to rule the markets)) fashion).

[JFR]

AAPL to join the DOW on March 18. AT&T out.

WOW thanks for that post
“If you go back to 1987 (before the crash), only 13 of the current 30 Dow members are still in the index [after they boot ATT].

You are welcome.

I follow both the DOW and the SP500, along with their futures. They track in step as we know. I never really look at the components of the SP500. Much easier to notice the big names on the DOW.

AAPL should be on the DOW. It is a bellweather.

[fehro]

nearing support.. a quick spike down… to fill gap? .. NDX tags 20d SMA same time.. then bounce/short cover

[fehro]

Index… NDX so close..

[Al_Dente]

This is overkill, but my point is on the top panel: it is one of the things I didn’t like last week.
Behind each panel (in faded gray) is intraday Sochastics STO momentum, all on default except for the commodities.

[JFR]

AAPL and DIA ...

[uempel]

Do you guys get data from stockcharts?