03/29/2016 Live Update

[Cobra]

members only update at 12:46 pm
http://www.cobrasmarketview.com/2016/03 ... ay-update/

[JFR]

Gaps filled, and then some. Yee Haw ...

[brokebybernacke2]

DellGriffith we are 60 minutes from your potential catalyst. If Grandma is hawkish and that is followed by more later in the week not a good set-up for what is forecasted to be yet another quarter of declining GAAP earnings. Hard to see it otherwise at this time.
Oh yea a new 5 year record of consecutive weeks of insider selling.

however, 7 yr+ lesson, never underestimate the bulls...

nevah nevah nevah....

[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

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.

You are welcome.

[Cobra]

generally this pullback would be bought.

[Cobra]

pullback too sharp, need at least h2 to buy dip.

[Out of Bounds]

/ES reversed right at yesterday's intraday high of 2039.75
hourly bars

[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.

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

I suppose ... we shall see whether Samsung is able to continue ceding high end (and now upper mid-range) market share.

if Samsung makes the sacrifice, Apple should do just fine.

Next few months will be interesting, share price wise.

[Wallstreetrader]

Last breath before correction starts

[JFR]

Pulling back to the EMA10. Riding the E Train.

[JFR]

Currency pairs. Up against the dollar.

[MrMiyagi]

qqq

[Cobra]

H1 worked, I was wrong. anyway, now 2nd test of day high, 40% chances of double top. let's see.

[MrMiyagi]

40% chance double top = 60% chance kidney sell

[JFR]

Budweiser having a frothy day.

[Cobra]

this bull shall still have legs.

[fehro]

SPX pushes up into daily trends again..

[JFR]

New high. Flyin' high.

[brokebybernacke2]

Opec meeting, april 14, apple earnings april 25, next chances for any big downs in my opinion...

[Al_Dente]

While SPY approaches double-top resistance
IWM just blew through it
(overbought)