02/28/2020 Live Update

[Al_Dente]

Internals atm

[BullBear52x]

got stopped out, wait for next setup.

[Cobra]

Breakout on the downside with a strong bear bar in the next several bars then it's a downtrend day, key time.

[BullBear52x]

I am not bullish, at the same time I don't think the world will end here.

Buy in again, this time I put my stop at LOD, if I got stopped out I will have to take a break.

[BullBear52x]

This buy is not your regular 3:1 R/R , this is 100:1

[Vaamsy]

2870 has to hold!

Added the chart. Also double top on VIX (almost).
why boss?

[BullBear52x]

Little problem to move above 2900 but that will change once it did.

[Al_Dente]

[te_fern]

Need a higher high!!

[brokebybernacke2]

2870 has to hold!

Added the chart. Also double top on VIX (almost).
why boss?

ah. hmm, wild times. 100 vix coming soon to a theater near you? after a bounce of course.

[Al_Dente]

Yesterday (2/27) zh: Thursday’s mid-day two hour panic-buying stocks, panic-selling bonds effort looked a lot like pension-rebalancing...

[Today is end-of-month]

[BullBear52x]

TRIN looks good today for bulls, a reversal candle will make it a screaming buy for dip buyers.

[brokebybernacke2]

TRIN looks good today for bulls, a reversal candle will make it a screaming buy for dip buyers.

BB here hold or down 2810ish?

[Vaamsy]

I don't see a better logical place for a strong bounce than now!

[Al_Dente]

GS:
What we are watching now:
...We will be closely watching equity performance in China looking for opportunities to buy puts on FXI or calls on US/European markets.

Treasuries and Oil prices were leading indicators heading into this broad equity decline; we will be closely watching these markets for evidence that investors are removing these hedges and positioning for a rebound in growth sentiment. We have yet to see investors reduce these hedges. This indicator is not yet supportive of buying calls on US equities. Buying TLT puts appears attractive for investors that expect global growth sentiment to improve.

[te_fern]

Working on a triangle.....

[Al_Dente]

the managers who have to rebalance today have their work cut out for them

[BullBear52x]

TRIN looks good today for bulls, a reversal candle will make it a screaming buy for dip buyers.

BB here hold or down 2810ish?

I took half off, and let it run, a bullish reversal bar (on Daily) is what I am expecting.

[BullBear52x]

Now if we trade back up over 26, bulls will hit a home run.

[Al_Dente]

FED odds for March 18 meeting
(wasn't this 53% odds of easing when I posted it yesterday?)

fedmar18.png.png (8.2 KiB) Viewed 7948 times

Folks on CNBC have been jawboning all morning for an emergency FED meeting over the weekend where they would issue a UNANIMOUS statement and cut rates.

Now zh picked up on it:
https://www.zerohedge.com/markets/only- ... to+zero%29