04/08/2016 Live Update

[Daniel]

Facebook down 3% is the culprit bringing down QQQ.

IBB is a bigger culprit.

They are all culprits, round them all up, Mr.M-- but FB is the most notorious, because so widely watched.

This market is all about sentiment and rotation, plus liquidity. Corporate P/E ratios only look good in ZIRP-land, so investing has become like Paris fashion, hot today, tomorrow passe.

[Denali92]

... as the end of the week was Thursday, the 24th of March ...

Are there posted seasonality charts for 'first trading day of week' and 'last trading day of week'?

As opposed to Mondays and Fridays...

http://stockcharts.com/public/1684859/c ... /227908289;

COBRA has everything when it comes to stats!

Thanks,

-D

[uempel]

One of the key indicators to understand US market strength is the weak US-Dollar.

At the moment A) SPX is fooling around 4 percentage points below the all time high whereas B) European equity Index is 25 percent below the all time high on April 13 2015 (that's exactly 1 year ago).

So what's next with $/€? It might give us a clue as to where the US equity markets are heading.

Interesting that the technical teams of CS and UBS have opposing views. CS TA expects the $ to weaken whereas UBS TA expects the $ to strengthen.

If the savvy big guys with all their TA know-how don't agree on what's going to happen with $/€ - what about us

CS TA bearish $ (view of the TA team, not the Forex team)

UBS TA bullish $ (this is only the view of the Technical Analysis team, not the Forex team)

[DellGriffith]

My stuff is too much of a mess to get a fancy name like Snogginhosh. I just call it a kludge.

[uempel]

Bye guys, have a great weekend!

[Daniel]

"..yet another point about how different this market has been this year..." -D

An echo of the several comments on this by Denali can be found in the writings of Jeff Hirsh, master of seasonality, on the odd nature of 8th years of presidencies, the proverbial "lame duck" year. If I had a specific article to cite I would look it up and post it, but the theme in toto is as Denali stated above. Odd, spiky, eclectic movements, tracing M2 money flows more than anything else.

[Al_Dente]

[save for later]
A worthy read, wherin BofAML analyzes credit card and consumer spending
They break down, then chart, consumer spending by zip code
And more…
They’re not faulking around here folks...
http://www.zerohedge.com/news/2016-04-0 ... nding-data

[josephli]

"..yet another point about how different this market has been this year..." -D

An echo of the several comments on this by Denali can be found in the writings of Jeff Hirsh, master of seasonality, on the odd nature of 8th years of presidencies, the proverbial "lame duck" year. If I had a specific article to cite I would look it up and post it, but the theme in toto is as Denali stated above. Odd, spiky, eclectic movements, tracing M2 money flows more than anything else.

M2 has always been increasing. i don't see how M2 can fluctuate +-10%

[Out of Bounds]

[save for later]
A worthy read, wherin BofAML analyzes credit card and consumer spending
They break down, then chart, consumer spending by zip code
And more…
They’re not faulking around here folks...
http://www.zerohedge.com/news/2016-04-0 ... nding-data

Notice the decrease on spending for clothing. Everyone in that sector seems to be struggling.

[Cobra]

possible 3 push down, bears be careful.

[Daniel]

GLD, SLV hod

[Daniel]

My stuff is too much of a mess to get a fancy name like Snogginhosh. I just call it a kludge.

Why, pray tell, a "KLUDGE"? These names are starting to sound like subatomic particles. And who says Snogginhosh is fancy? It's just long.

[fehro]

seems it's the sucker gap move.. .oh oh lets fill that lower gap.. .ah no… we are going to fill the top one first. bear flag VIX intra day..

[Cobra]

rebound may have small legs. tinted area is the double bottom text book target.

[Cobra]

rebound failed, so it's 100% mm down? I'm confused.

[Out of Bounds]

Breadths rolling over

[Daniel]

I'm confused.

Uh oh. Not good for the rest of us.

[Cobra]

testing day low, key time, but I think bears should have small legs at least.

[MrMiyagi]

!!! POWER HOUR !!!

[Daniel]

EWG, FAS, XBD lod