04/01/2016 Live Update

[Daniel]

....MID and RUT may show more pronounced strength or weakness depending on crude

Intraday, both MDY and IWM now gap fill...

[wanteasymoney]

Boom !!!

[Cobra]

pullback indeed was bought. It might still have legs.

[uempel]

A correction is in the cards in the next few days. Problem is that bold statements like this tend to be wrong

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Update

[Mr. BachNut]

The market provides something for everybody.
If you are a bull, seasonality for April is quite bullish.
If you are a bear, in election years, seasonality appears to be closer to a coin flip (up 14/ down 15).
The composite of election years suggests a propensity to high early in the month.
So, it is probably a good month to try and avoid confirmation bias...

I have no idea what will happen. Not a clue. My usual condition.

[josephli]

QQQ penny away from wednesday high. if SPX would run higher till the end of day, then long term trend might have changed.

[josephli]

as for intraday, i have no clues what has happened from intermarket point of view. USD has reversed from morning high, crude big down, TLT big U

[Wallstreetrader]

2072 in the next hour

[MrMiyagi]

Yellen is not going to let market go red ever again.

[josephli]

QQQ indeed new high as speculated.

[Wallstreetrader]

68 the key failure not allowed

[K447]

as for intraday, i have no clues what has happened from intermarket point of view...

Sometimes the correlation charts must trend negative, no?

[fehro]

SPX outside reversal on the daily.. lower lows, higher highs.. 2063-5 is the line.. breaks to the downside.. bull head fake.. Internals weak.

[MrMiyagi]

spy

qqq

[Junior Buffett]

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Save the effort and ignore the down pBars!

[superxy]

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Save the effort and ignore the down pBars!

Loose faith in p-bars nowadays

[wanteasymoney]

Let shop more stocks everyone is histeric

[Junior Buffett]

Let shop more stocks everyone is histeric

I am putting humble request to change your profile pic...it is creepy...

[Wallstreetrader]

...

[Denali92]

I have NEW found respect for the power of seasonality and April 1st!

Since 2007, there have only been 2 Gap downs on employment day of greater than 10 pts that closed in the GREEN.

2-Oct-15 - Major bottom on the Tuesday before - opened down 24 closed up 29
5-Dec-08 - Major bottom that day and a 100pt rally ended on the Monday after employment

Also, on the Monday after employment last year - the market opened down 11 and closed +14.

Definitely would never have expected this move today based on the historical data since 2007!

April 1st and seasonality are impressive!

-D