03/02/2017 Live Update

[jungle trunks]

So the question you have to answer before buying the dip is has the market fully priced in a rate hike?

We may know tomorrow if the rate hike is fully priced in. Yellen speaks at 1 p.m. Friday, if she hints at, or indicates no sentiment change for a March rate hike, and the market doesn't react much, then we'll know it's priced in. However, if she comes across as questioning the timing or immediate need for a rate hike, the market will probably drop I'd guess.

[Al_Dente]

SNAP is open

[fehro]

SNAP is open

SNAP in the top 1/3 of S&P ... nuts.. = Target / Marriot

[Trades with cats]

Everybody wants to know when do the SNAP puts start trading? Oh, sorry that sounds like I didn't realize we are in a time warp and it is mid 1999 again! I will be adding SNAP to m,y IRA portfolio of companies that are profitless and even more important cash flow negative but sure do get a lot of eyeballs from kids living with their parents.

[Al_Dente]

NY declining stocks = 2.2 x advancing stocks
NY declining volume = 2.2 x advancing volume
Both were near 3x at the open
Bears still have the bias, but are losing a bit of steam at the moment

NY declining stocks = 3.0 x advancing stocks
NY declining volume = 1.9 x advancing volume

[BullBear52x]

Pos D.

[QED]

How will SNAP turn a profit if TWTR has not figured it out?
Perhaps Jeff Bezos can help them with that. Oh … wait …

[Trades with cats]

We have just about burned through the Algo momentum chasing from yesterdays cash market. RTH ADR low is at ES 2380 just below the RTH low for yesterday. Real question is how much of the after speech but before RTH (three squeeze cycles according to Arora's chart) will we churn through today? I am thinking that after the Fed speeches we could finish it up and start the weekend with a round trip.

The media wants us to be aware that a Fed rate hike means one a quarter for as far as the eye can see and pretty much guarantees a Chinese financial crisis.

[BullBear52x]

Bulls need to see a trade SPX >87.5 to have a good fight, bears will just sit back for now. chase down or sell next rip.

[fehro]

How will SNAP turn a profit if TWTR has not figured it out?
Perhaps Jeff Bezos can help them with that. Oh … wait …

already 3x larger than TWTR http://www.zerohedge.com/news/2017-03-0 ... ze-twitter

[Cobra]

rebound probably would be sold. watch ema20.

[BullBear52x]

score card so far, next rip will be sold into.

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2017/03 ... ay-update/

[BullBear52x]

Clockworks, trend following next.

[Trades with cats]

VWAP at 2387.50 ES and headed down. For me the test comes when we try to cross it.

[uempel]

Ellipses on long term weekly SPX. Of course the index could hover around 2400 for a lengthy period of time without giving the bears more than crumbles ...

[Al_Dente]

whaaaaaa
CAT
The FEDS (IRS, FDIC and Commerce Department) are now searching CAT headquarters and two other CAT facilities in NY
CAT is 3.2% of the dow

[BullBear52x]

whaaaaaa
CAT
The FEDS (IRS, FDIC and Commerce Department) are now searching CAT headquarters and two other CAT facilities in NY
CAT is 3.2% of the dow

They are still searching for excuse to sell this market? I thought it's already start

[TraderJoe]

I bit;
Bought June NUGT calls...

[BullBear52x]

today's low might be in, no sell unless bear flag breakdown from here. Break time......