03/03/2016 Live Update

[MrMiyagi]

spy

[MrMiyagi]

Thank you, MrM., this was quite helpful. (below) Do you know whether the same is true when price is below the 200day MA as when above? Sometimes just that filter alone will change characteristics.

Never checked with price, just went with the oscillator Daniel-san.

[Daniel]

Thank you, MrM., this was quite helpful. (below) Do you know whether the same is true when price is below the 200day MA as when above? Sometimes just that filter alone will change characteristics.

Never checked with price, just went with the oscillator Daniel-san.

This is important, Miyagi-san. Many 'truths' of bull markets remain so in bear conditions, but not all.

[Daniel]

"Gunfight at the OK Corral" scenario mentioned earlier is playing out.

SPY 200 area, obvious resistance, a jobs report which, like all such, can be interpreted in various ways. Nice setup for a "showdown".

Meanwhile, both Yen and UUP down today, and Euro very strong. That alone speaks for a kind of "risk appetite"... also note the continued recovery in Hi Yield (JNK, HYG).



GLTA tomorrow.

[superxy]

2417.png

so no more upside pbars, right?

[MrMiyagi]

2417.png

so no more upside pbars, right?

Only in QQQ.

[fehro]

Last time NYMO was over +100 was July 3rd 2012 when it hit +100.80.... Prior to that was March 18 2009.
BPSPX at 67%

both bode well for the bull.

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