03/29/2016 Live Update

[JFR]

ES movin' on up.

[brokebybernacke2]

like long term short on appl...
http://www.macrumors.com/2016/03/28/app ... -april-25/

Define 'long term' please.

1 yearish

[Out of Bounds]

Strange pattern here

[JFR]

NQ leading. ES following. YM lagging, like the reluctant bride.

[fehro]

DJ-20 Transports.. still red.. holds 200d, NDX creeps over 200d/100d, RUT pushing 100d holds 20d

[K447]

like long term short on appl...
http://www.macrumors.com/2016/03/28/app ... -april-25/

Define 'long term' please.

1 yearish

Hmmm, that would include two fiscal quarters of iPhone 7 sales. And market expectations for those sales.

[Trades with cats]

Econoday saying speech and highlights at 12:20 eastern. Big statistics table on prior reactions to Yellen speeches from one of the banks is up at Zerohedge (if you are having a slow day).

[K447]

Strange pattern here

Maybe it is not a pattern.

[Cobra]

members only update at 12:02 pm
http://www.cobrasmarketview.com/2016/03 ... ay-update/

[JFR]

Cautionary note from Tom Bowley.

Current Outlook

Bull market rallies are typically supported by wide participation and a "risk on" trader mentality. In my opinion, those rallies are sustainable, meaning that I expect further price appreciation. Over the past week, eight of nine sectors have moved lower with the defensive utilities sector the only exception, climbing 0.31%.

Let's take a long-term look at the S&P 500 with several "risk on" ratios featured to see where they reside with this recent S&P 500 rally:

The rotation in the past several months looks eerily similar to that of 2006-2007, leading to the October 2007 top and just prior to the start of a rather severe bear market. So while we have to respect the current rally as it could certainly materialize into something even stronger, we also have to be cautious as the probabilities of a sustainable rally are diminishing given these relative ratios.

http://stockcharts.com/articles/trading ... evels.html

[josephli]

Cautionary note from Tom Bowley.

Current Outlook

Bull market rallies are typically supported by wide participation and a "risk on" trader mentality. In my opinion, those rallies are sustainable, meaning that I expect further price appreciation. Over the past week, eight of nine sectors have moved lower with the defensive utilities sector the only exception, climbing 0.31%.

Let's take a long-term look at the S&P 500 with several "risk on" ratios featured to see where they reside with this recent S&P 500 rally:

The rotation in the past several months looks eerily similar to that of 2006-2007, leading to the October 2007 top and just prior to the start of a rather severe bear market. So while we have to respect the current rally as it could certainly materialize into something even stronger, we also have to be cautious as the probabilities of a sustainable rally are diminishing given these relative ratios.

http://stockcharts.com/articles/trading ... evels.html

Thanks. could not agree more. still believe in range consolidation for current market. despite possible bearish outcome, we might be in similar situation of 94-95 or 2011.

[fehro]

SPX ..

[Cobra]

must be the speech. no rate hike?

[MrMiyagi]

Yellen: Economic readings mixed, appropriate to proceed cautiously. Caution in raising interest rates is 'especially warranted'.

[brokebybernacke2]

like long term short on appl...
http://www.macrumors.com/2016/03/28/app ... -april-25/

Define 'long term' please.

1 yearish

Hmmm, that would include two fiscal quarters of iPhone 7 sales. And market expectations for those sales.[/quo

yep, call me loco, growth will have to come at a sacrifice..imo

[fehro]

SPX.. dabble short.. small position..

[wanteasymoney]

H

Time go seal the deal , buying stocks

[Cobra]

this bull shall have legs.

[fehro]

SPY 15m.. possible RS if we stall here and take out the LOD... fwiw.... thats a big "IF" we stall

[MrMiyagi]

Intraday NYMO now up at day's high +8.73.