03/21/2019 Live Update

[BullBear52x]

new HOD Ding ding ding....

[BullBear52x]

Chart for the road: I am good today, there may be some tradable on the sell side tomorrow, not today. Peace!

[Mr. BachNut]

TRIN now falling pretty hard and price has broken to new highs.

AAPL up like 3.6% today.
So, we may be back to a regime where a small number of big cap stocks drive the index.
Last July to September was such a regime with the fanngs being the engine.
NYMO may stay on the soft side above SPX 2790 but the index can climb as long as the leaders keep marching.

Still scratching my head.

NYMO has peaked above the zero line, which is positive.

TRIN is saying stocks are oversold on the day and have odds to bounce tomorrow. Wait... What?
I went back 10 years and couldn't find a day with TRIN this high and price not closing low.
I don't like making predictions, but something should break this afternoon.
If it is TRIN, price can hold the highs or perhaps rip higher. (2% day??)
If it is price, it would be a pretty big reversal and maybe a failed test of Tuesday's high.
As usual, I am clueless which way things will go.

really strugglin with that nymo zero line..with you on a big move very soon. wish i knew the way...slight lean down..

[Trades with cats]

Again, let's be clear the FAANGs have record approved buyback numbers and everybody but Apple is hitting the 30 day blackout window so Goldman is emptying the wallets.

Apple has stirred up the fan boys with news of original tv content combined with record buybacks.

The issue is where will the next wad of cash come from to keep moving things up, but that is a worry for next month. For now this is undoubtedly enough to get the overnight markets to buy. Holding steady on Friday and a new flood of retail cash will come in over the weekend. The real issue is the earnings calls when they explain their outlook.

Yardini & Associates earnings growth forecast 2019
1st quarter (1.5%)
2nd 1.1 %
3rd 2.6%
4th 9.4%

Incidentally the inverted yield cure and current hard money futures bets on Fed rate cut say instead of almost 10% growth at the end of 2019 we should be entering a recession. But the market isn't worried about that yet.

[brokebybernacke2]

TRIN now falling pretty hard and price has broken to new highs.

AAPL up like 3.6% today.
So, we may be back to a regime where a small number of big cap stocks drive the index.
Last July to September was such a regime with the fanngs being the engine.
NYMO may stay on the soft side above SPX 2790 but the index can climb as long as the leaders keep marching.

Still scratching my head.

NYMO has peaked above the zero line, which is positive.

TRIN is saying stocks are oversold on the day and have odds to bounce tomorrow. Wait... What?
I went back 10 years and couldn't find a day with TRIN this high and price not closing low.
I don't like making predictions, but something should break this afternoon.
If it is TRIN, price can hold the highs or perhaps rip higher. (2% day??)
If it is price, it would be a pretty big reversal and maybe a failed test of Tuesday's high.
As usual, I am clueless which way things will go.

really strugglin with that nymo zero line..with you on a big move very soon. wish i knew the way...slight lean down..

agreed, this can last for some time

[Trades with cats]

Computers must be overheated and shutting down.

[Al_Dente]

HAPPY HOUR

[Trades with cats]

Rut Row, looking like the party is over. waiting for a lower low.

[Trades with cats]

There was a 10 point pullback at 12:00 that eventually failed, so no rush to go short.

[Cobra]

the pullback probably will be bought again.

[Cobra]

members only update at 3:48 pm
http://www.cobrasmarketview.com/2019/03 ... ay-update/

[Cobra]

Well, guess that's it for today. Friday tomorrow has been overwhelmingly bull friendly. 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/tenpp

[crawford glissadevil]

Think it will close around 280.15.