02/25/2016 Live Update

[Out of Bounds]

[fehro]

/CL - USOIL tags 50d at HOD, on channel support from Feb 11 lows.. 60m.. key time.. 20d @ 30.54.. for a possible tag should the 60m channel crack

[Al_Dente]

NY advancing stocks are 0.97 x declining stocks
NY advancing volume is 0.74 x declining volume
NY declining stocks are 1.0 x advancing stocks
NY declining volume is 1.3 x advancing volume
Range/Chop

[JFR]

Down to a new support level.

[Trades with cats]

Oil, Zerohedge says the Genscape report on Cushing storage is the reason for the selloff. They say Cushing is operationally full (currently rejecting storage requests for certain grades) and in 4 to 5 months will be unable to take any. However there is a lot of pipeline capacity around Cushing so this soap opera will continue. They did have one nice quote"What goes up on nothing but a short-squeeze, must come down on fundamentals. "

[josephli]

Oil, Zerohedge says the Genscape report on Cushing storage is the reason for the selloff. They say Cushing is operationally full (currently rejecting storage requests for certain grades) and in 4 to 5 months will be unable to take any. However there is a lot of pipeline capacity around Cushing so this soap opera will continue. They did have one nice quote"What goes up on nothing but a short-squeeze, must come down on fundamentals. "

well not unless opec is brewing something, and da big boys know something.

[fehro]

a whole lot of fence sitters.. http://www.aaii.com/sentimentsurvey/sent_results

[superxy]

Recently,morning black bar is working poorly

[uempel]

Yesterday I was Uber-bearish and today I might be Uber-bullish... Momentum suggests that resistance will be broken.

[josephli]

USO H&S break down. short term needs to break yesterday LOD.

[JFR]

Testing the top of the range.

[fehro]

SPX hourly struggle support/resistance trend lines. duelling hammers

[fehro]

SPY 30m chart I've been peddling .. in no man's land.. I'd expect a big gap on Monday after the G20.. lean up.. but not sure with that VIX 15m.. invs H&S yet at this point, could be big down.

[josephli]

SPY 30m chart I've been peddling .. in no man's land.. I'd expect a big gap on Monday after the G20.. lean up.. but not sure with that VIX 15m.. invs H&S yet at this point, could be big down.

maybe we see tomorrow first. I think bull is not done with testing 1950.

[Trades with cats]

So far all the pre-Shanghai jawboning is saying expect nothing. So unless there is a Shanghai surprise the selling is likely to continue as equities are too positive relative to credit according to the people who watch these things.

[Cobra]

2nd test of day high failed, now let's see if bears can make 100% mm. must exceed it, otherwise still is buy.

[Trades with cats]

Almost at the 11:30 algo witching hour. Will they try another squeeze today?

[josephli]

TLT strong, crude down, USD neutral, internal weak, a tad bearish

[fehro]

SPY 5m pattern within a pattern with in a pattern... fwiw.. minor triangle, of bullish falling wedge within a larger expanding wedge…

[gappy]

This is the third push over the 100 ema to retrace. Second to fail at the channel top. 30 minute.

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Next target 110 then 108. Past the 61.8 retrace. wow Daily.

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Too oversold weekly to short, but at 108 the world will be full of opportunity if it gets there. Maybe Abe doesn't like Obammma telling him he shouldn't go to Moscow. Weekly

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Charts are Heiken-Ashi to quiet the thieves ah gaps.