03/03/2016 Live Update

[JFR]

Another huge run up for GC.

[fehro]

I think it's about time to go down, I put my money where my mouth is.
I just bought 50 each;
April 15 190 puts
&
April 15 185 puts

I'm either right or out a bunch of money.

options ringin a warning bell, but there is room on cpc for even more bullishness vs recent history ...might be big ups before your targets.

possible, but VXX & VIX waking up CPC yesterday..move to the 0.65 range intra day.. fwiw and TLT creeping up to near HOD.. and still green with SPX , NDX remains red.

[brokebybernacke2]

Another huge run up for GC.

gold, overall bullish move, 200/50 cross, but some divergences saying ready for a breather (higher interest rate threat???)

[Out of Bounds]

This bull is up 187 points on /ES. You can't argue with it's strength. It has been impressive.

[JFR]

Testing the top again.

[josephli]

This bull is up 187 points on /ES. You can't argue with it's strength. It has been impressive.

very impressive.

[fehro]

Ding ding SPY 20w SMA tagged, 199.65.. SPX still 3 points short.. 1995.98 is the mark

[uempel]

I posted this chart at 10.29 a.m. today.


Friday 8:30 a.m: What kind of job numbers will help SPX jump resistance 1994? Strong job numbers and the Fed will act and raise rates, weak job numbers will open up talk about deflation/recession ...

[superxy]

so spy tlt gld all up

[MrMiyagi]

NYMO day high +103.

[samw]

Surge into close. Typical action lately.

[brokebybernacke2]

temptation is so high for a huge swing short, entering....2 week time frame...

[JFR]

Rough start. Strong finish.

Done for the day. Thank you all.

[QED]

Are we over bought yet?

[Cobra]

members only update at 3:52 pm
http://www.cobrasmarketview.com/2016/03 ... ay-update/

[josephli]

Are we over bought yet?

extreme OB short term and swing term.

[Cobra]

well, guess that's it for today. Non Farm Payroll day tomorrow has been a little bit bear friendly recently. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[MrMiyagi]

Last time NYMO was over +100 was July 3rd 2012 when it hit +100.80.... Prior to that was March 18 2009.
BPSPX at 67%

[josephli]

Last time NYMO was over +100 was July 3rd 2012 when it hit +100.80.... Prior to that was March 18 2009.
BPSPX at 67%

both bode well for the bull.

[Daniel]

Last time NYMO was over +100 was July 3rd 2012 when it hit +100.80.... Prior to that was March 18 2009.

Thank you, MrM., this was quite helpful. (below) Do you know whether the same is true when price is below the 200day MA as when above? Sometimes just that filter alone will change characteristics.

There are many, including NYMO, which are quite overbought. However, in light of Uempel's post about the extremely upslope bullish percentages across all sectors, and recent smallcap outperformance, it is hard to hear a gong of topping.

NYMO works differently on extreme highs than lows.
At low end of the oscillator, the change is often very strong and long. From the top end, NYMO tends to wear off while market stays flat or small range.
It can have more momentum to drop from the +40 area than the +95.