03/06/2015 Live Update

[Al_Dente]

The bears giddy with profits? What about the bulls? They are dazed by profits

Just talkin’ intraday boss…. UVXY up 6.5%.... [edit: now up 8%]
have a great weekend............ u going for drinks tonight ? ...... I'm buying.....

[Cobra]

vol surge, might be another rebound here which maybe sold again.

[JFR]

Gap fill today? Just NQ.

[uempel]

I'm buying at the end of the day, so I hope it goes really low, like closing 2% down but still above good supports, should make for an explosive ECB Monday.

Bruce, you sure ain't no contrarian .. Might be that some ECB money is already priced in.

[fehro]

mind the open gap.. 2068-70.. not sure we close around these levels.. then maybe Monday.. strong bounce back to 20d.. then not so much

[uempel]

Let's see if the red channel holds ...

[Mr. BachNut]

Nothing much new on my end.

NYMO cycle remains down. Benchmark target remains SPX 2050.30.
Beats me if we actually get there, but things are moving in the right direction.
The currency tell (GBP/Yen) has rolled over for now, which conforms to action in equities.

While the index may head straight for its destination, a corrective NYMO rally back toward the zero line sometime next week would not be a surprise either.
I have a short on a tight leash.

[gappy]

Capture.PNG

[Cobra]

mini rebound target. exceeds it then bull see hopes.

[Al_Dente]

The McClellan Oscillator (on SPX only, rather than the NYMO on the NY) has been doing a decent job at calling bull (green) and bear (red) moves, but it’s EOD (quotes end-of-day only) so patience is required as it is not an intraday indicator.
When it flips back into the green, so will I.

[JFR]

AAPL to join the DOW on March 18. AT&T out.

[MrMiyagi]

Intraday NYMO at -46

[MrMiyagi]

qqq

[Al_Dente]

AAPL to join the DOW on March 18. AT&T out.

WOW thanks for that post
“If you go back to 1987 (before the crash), only 13 of the current 30 Dow members are still in the index [after they boot ATT].

[Trades with cats]

The changes in the DOW etc over time make it a bad comparison for long term results. The exact term is survivership bias.

[Trades with cats]

Baker Hughes rig count came out at 1 EST. Down over 60 rigs, so around double last week. Lets see if we get a pop up in CL.

[Al_Dente]

could this be a double bottom, 5 minute ?
The Snake will tell us

[MrMiyagi]

WE'RE NEVER GOING UP AGAIN!!!

[Trades with cats]

We did get a pop in crude and a ZeroHedge headline- 2nd biggest rig drop in 22 years. So is it rinse wash and repeat for the weekly oil price saga, or will we get something new next week?

[Al_Dente]

The changes in the DOW etc over time make it a bad comparison for long term results. The exact term is survivership bias.

Here’s more on why “nobody” cares about the dow change because “everybody” is tied to the SPX.
“DJIA has fewer index funds and benchmarks tracking it than the S&P 500 and even than the major Russell indexes.”
SPY’s market cap is “15 times larger and its share count 13 times larger than the Diamonds [DIA]. The average daily volume of the Spyders [SPY] is over 134 million, making it 21 times more active than the Diamonds [DIA]”.

http://247wallst.com/investing/2015/03/ ... -know-now/

“The index change was said to be prompted by Visa Inc.’s (NYSE: V) four-for-one stock split, which is scheduled to take effect at the same time.”