03/24/2014 Live Update

[DellGriffith]

SPY still stuck between 184-189 for its 21st day. BB width continues to tighten...now around 2.57.

[Al_Dente]

SCALP ONLY
Volume Ratio gave two signals to cover shorts:
1) bull cross of the 20ma on 5min red-volume ratio (first green circle)
2) bull cross of the 50ma on 5min red-volume ratio (second green circle)
Bulls are weak, but no re-short signal until the 20/50 volume ratio crosses again

[MrMiyagi]

Anyone seeing SPX 1900 next month?

I think that depends on Russian activities and how much Barry O wants to meddle.

[ALdaytrade]

Anyone seeing SPX 1900 next month?

Or higher...1960?

[Me XMan]

I wouldn't mind seeing SPX at 2250 to set a very frothy top.

Anyone seeing SPX 1900 next month?

Or higher...1960?

[MrMiyagi]

!!!!! POWER HOUR !!!!!

[rhight]

Did anyone see news at 1:30 that drove the euro up and the USD down?

[flumanchu]

Still sticking to this Projection based on POMO (again might not be exact).

Here's the POMO schedule with projected $SPX values (guesses) based on over / under $1.8 billion /day needed to hold market even:
Short term the ration seems to be 10 points for each 1 billion over / under $1.8 billion POMO applied each day.
So, for Monday (1.8 - 1.2) = .6 => appr 6 $SPX points.
Note: The further out you go timewise, I've noticed the ratio change (for instance 6 mths out and it's about 7 points / 1 billion. 18 - 24 months and it's like 3.5 points / 1 billion. However, the overall result is a progressive angle up based on extra POMO (more than 1.8 billion / day).

Fri, Mar 21, 2014 Mon, Mar 24, 2014 Outright Treasury Coupon Purchases 02/15/2036 - 02/15/2044 $1.00 - $1.25 billion --> -6 -> 1860
Mon, Mar 24, 2014 Tue, Mar 25, 2014 Outright Treasury Coupon Purchases 11/15/2024 - 02/15/2031 $0.50 - $0.75 billion --> -10 -> 1850
Tue, Mar 25, 2014 Wed, Mar 26, 2014 Outright Treasury Coupon Purchases 02/15/2036 - 02/15/2044 $1.00 - $1.25 billion -> -6 -> 1844
Wed, Mar 26, 2014 Thu, Mar 27, 2014 Outright Treasury Coupon Purchases 05/15/2021 - 02/15/2024 $2.25 - $2.75 billion -> +10 -> 1854
Thu, Mar 27, 2014 Fri, Mar 28, 2014 Outright Treasury Coupon Purchases 12/31/2018 - 11/30/2019 $3.75 - $4.50 billion --> +28 -> 1882
Fri, Mar 28, 2014 Mon, Mar 31, 2014 Outright Treasury Coupon Purchases 02/15/2036 - 02/15/2044 $1.00 - $1.25 billion -> -6 -> 1876

So, Prediction is $SPX ends at 1876 for March, and ends at 1790 for end of April.

Note: POMO may not be applied on a particular day, but instead held to be used another day, or borrowed from a future day - depending on what the Fed wants done. However, when it's all avg'd out, it ends up working out over a few days or week at a time.

.

[rhight]

The January high held, but spx appears to have backtested the broken 5 day up trend, is still under the 5dma and 20 dma, and the 60min 20ma has made a lower high, all of which could be interpreted in bearish manner. I posted that chart with a target for the next 60min swing up, but from experience I know that when the Daily trend changes, the last 60min target is usually not met.

[BullBear52x]

once you put someone on Foes list it will automatically send a nasty PM to that person it should

u sure about that boss ?

I may have an evil smile but I am a peaceful man.

beware of high volatility, Peace!

[Cobra]

push up strong, so forget about dashed blue arrow, this bull may still have legs.

[uempel]

GREAT CALL on the bounce area! It was looking grim for a while, but your grids were spot on.

Nice cal!

-D

Update: that lower grid line at approx 1850 should provide a bounce

SPX2.png

Thanks. I guess the vertical spaces of twice 13 handles in between "red to dashed red to red" are programmed in some computer. They work again and again...

[fehro]

SPX 60m bouncing off Cyan channel

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[fehro]

SPX 60m .. Bear flag retest ?


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[uempel]

Checking the MA 390 on the 1 min

[Cobra]

members only update at 3:43 pm
http://www.cobrasmarketview.com/2014/03 ... ay-update/

[Cobra]

well, guess that's it for today. Tuesday tomorrow has been very very bull friendly. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[fehro]

SPX daily... Trying to hold channel, 20d SMA mid BBand


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[TWT]

$SPX : Today´s impulsive decline should rule in favour of the Double Top