Cobra's Market View

fib fun.

Two/Three ISE Bullish now

https://www.ise.com/market-data/isee-index/

spx 2065 / es 2060 area is the previous dbl top breakout. this support defines the tone of the market.
i still don't think there is big chance to go totally crash.

btw, what's the probability of intraday reversal today?

Update:

market down 1.2% that is a lot.

but.....161.8% is still way down.

Street chatter about the selloff:
After the bullish NFP and bullish unemployment rate reports this morning:
Traders believe this will increase the likelihood of a rate increase in JUNE rather than later

Al_Dente wrote:

JFR wrote: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].

Something to think about...

https://twitter.com/sentimentrader/stat ... 8444911617

Sentiment is now all pointing down.
Fear yes,

vol surge, another rebound here might be then we'll see

Laker, of the Richmond Fed was already on Siris radio calling for a June rate hike according to MarketWatch. He wants patient dropped from the message at this months meeting. Goldman (according to ZeroHedge) has already said this increases the odds of a June hike. The bond market is making the same assumption.

On the other hand a rate hike will send the Dollar into orbit and absolutely crush international earnings. But if they don't hike what is left of the Feds reputation will be gone, and a central bank with no credibility is a very toothless dog. Hard decisions for Aunt Janet.

Trades with cats wrote:Laker, of the Richmond Fed was already on Siris radio calling for a June rate hike according to MarketWatch. He wants patient dropped from the message at this months meeting. Goldman (according to ZeroHedge) has already said this increases the odds of a June hike. The bond market is making the same assumption.

On the other hand a rate hike will send the Dollar into orbit and absolutely crush international earnings. But if they don't hike what is left of the Feds reputation will be gone, and a central bank with no credibility is a very toothless dog. Hard decisions for Aunt Janet.

Do we have to wait for them to tell us?

Time to start taking working this one?

fehro wrote:

merryme wrote:FEHRO,
3 peaks and domed home....peak=23?

http://thepatternsite.com/3peaksdome.html

Update:

Here's a possibility: I am playing the QQQ's so the same info applies also to the SPX. Open Interest study: approx. 82-83 days, we're on day 79 (See daily chart). I expect one last up move probably Mon. and likely from yet a bit lower low. Presently 14 days til March options expiration and I will expect the low to be around 5 days before OptionsExpiry. That could be around 105 on the QQQ's. (assuming planet behaves in somewhat normal ((allowing HFT to rule the markets)) fashion).

Al_Dente wrote:

JFR wrote: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].

You are welcome.

I follow both the DOW and the SP500, along with their futures. They track in step as we know. I never really look at the components of the SP500. Much easier to notice the big names on the DOW.

AAPL should be on the DOW. It is a bellweather.

nearing support.. a quick spike down… to fill gap? .. NDX tags 20d SMA same time.. then bounce/short cover

Index… NDX so close..

This is overkill, but my point is on the top panel: it is one of the things I didn’t like last week.
Behind each panel (in faded gray) is intraday Sochastics STO momentum, all on default except for the commodities.

AAPL and DIA ...

Do you guys get data from stockcharts?