03/01/2017 Live Update

[BullBear52x]

big negative D. but one counter trend already been used and failed. strong dollar will continue to support this market.

[Trades with cats]

In under two weeks flat FOMC Board Members have had a concerted (and I am sure, as are you, coordinated) campaign to convince the market that not only is the March meeting live but that an increase is very likely. Odds have gone from under 30% to over 80.

Last night economic proposals that sounded reasonable and positive to around 75% of Americans (according to CNN) were made with a clear eye on at least doing lip service to reigning in spending.

At the same time markets are voting on a breakup of the Euro with sovereign bond yields going crazy.

So duh, about 30 points up between the NY close last night and the London/Frankfort close this morning. If most of my investments were in european stocks I would have joined the stamped into US equities as well.

Next test is of course the 3:30 ramp which should be called the 3:30 ETF rebalance to gage if there is any domestic retail money buying today.

Is this a new golden age for US equities? No, but if you think today's action was strong just wait until the threats to the Euro (elections, Greece, etc) become really obvious to everyone. It is Martin Armstrong's forecast of the late 1920's deja vu (with an even bigger crash waiting for us). All of that fiat liquidity created by the central bankers is sloshing around the globe looking for a safe haven and we are it.

[uempel]

Overstreched keltner band didn't signal a reversal/sideways move prior to June 2003 ... Don't know what changed.

The three most recent dates given here by Mr. BachNut ...

The attachment Kelt.png is no longer available

Per earlier post, price is way above upper keltner band.
Today's current high is a little more than 2.0% above the upper band.
Very rare.
Last 10 times things got this stretched are as follows:

5/21/13
3/19/12
2/18/11
1/16/04
1/08/04
6/17/03
1/06/99
4/03/98
3/20/98
6/13/97

One or more of those points may analog to what lies ahead.

[Junior Buffett]

In under two weeks flat FOMC Board Members have had a concerted (and I am sure, as are you, coordinated) campaign to convince the market that not only is the March meeting live but that an increase is very likely. Odds have gone from under 30% to over 80.

Last night economic proposals that sounded reasonable and positive to around 75% of Americans (according to CNN) were made with a clear eye on at least doing lip service to reigning in spending.

At the same time markets are voting on a breakup of the Euro with sovereign bond yields going crazy.

So duh, about 30 points up between the NY close last night and the London/Frankfort close this morning. If most of my investments were in european stocks I would have joined the stamped into US equities as well.

Next test is of course the 3:30 ramp which should be called the 3:30 ETF rebalance to gage if there is any domestic retail money buying today.

Is this a new golden age for US equities? No, but if you think today's action was strong just wait until the threats to the Euro (elections, Greece, etc) become really obvious to everyone. It is Martin Armstrong's forecast of the late 1920's deja vu (with an even bigger crash waiting for us). All of that fiat liquidity created by the central bankers is sloshing around the globe looking for a safe haven and we are it.

I think this is the reason many are calling a shot at 2500, 2600 & 2700 targets...it will create a huge bubble not only in stocks but in real estate as well...

[Junior Buffett]

anyone would short at this level?

[BullBear52x]

anyone would short at this level?

1 min.?
5min.?
short and pretend dead? until the sky is falling?what is time frame of your question, this is day trading forum, right now no one say sell.

[Trades with cats]

FOMC member and San Fran Pres Lael Brainard speaks at 6 tonight at a place that Nassim Taleb would call an epicenter of Genius but Idiots, Harvard, on Economic Policy, with Q & A session. She is the one who openly gave campaign contributions and made it clear she wanted to be the Clinton administration's Treasury Secretary. So tonight we hear the arguments of a die hard central planner who has opposed every rate hike. If she toes the FOMC line then the odds for March go up, in my worthless and uninformed opinion.

[BullBear52x]

A stop from the last buy.

[Junior Buffett]

anyone would short at this level?

1 min.?
5min.?
short and pretend dead? until the sky is falling?what is time frame of your question, this is day trading forum, right now no one say sell.

until March meeting...

[BullBear52x]

anyone would short at this level?

1 min.?
5min.?
short and pretend dead? until the sky is falling?what is time frame of your question, this is day trading forum, right now no one say sell.

until March meeting...

You know I am never shy from posting my buy and sell, right now buy is the direction. it could change tomorrow but today I see NO SELL for that time frame.

[Al_Dente]

HAPPY HOUR

[BullBear52x]

King green back is back, favor rate hike IMHO

[Cobra]

HAPPY HOUR

[uempel]

Trades with Cats, hysteria rules at the moment. A change will occur in the next few months - as soon as populist movements in the US and Europe are brought down to earth by reality checks.

[Trades with cats]

http://www.cmegroup.com/trading/interes ... -fomc.html

[uempel]

anyone would short at this level?

We are all waiting for your opinion

[Junior Buffett]

anyone would short at this level?

1 min.?
5min.?
short and pretend dead? until the sky is falling?what is time frame of your question, this is day trading forum, right now no one say sell.

until March meeting...

You know I am never shy from posting my buy and sell, right now buy is the direction. it could change tomorrow but today I see NO SELL for that time frame.

Thank you Boss!

[BullBear52x]

anyone would short at this level?

1 min.?
5min.?
short and pretend dead? until the sky is falling?what is time frame of your question, this is day trading forum, right now no one say sell.

until March meeting...

You know I am never shy from posting my buy and sell, right now buy is the direction. it could change tomorrow but today I see NO SELL for that time frame.

Thank you Boss!

I just said what is in my piggy brain.

[Cobra]

maybe another push up starts here.

[BullBear52x]

No chart for the road: just my opinion what I am looking at right now, Dollar need to regain a strength (/DX >101.75) for me to continue to be bullish, right now still questionable if it will regain that level. by closed it needs to stay up above 101.75. Peace!