03/08/2016 Live Update

[Cobra]

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No idea whether the pullback has further to go or not. bears need sharp sell off otherwise the pullback would be bought anyway.

[josephli]

Japan's economy has contracted despite record level of easing.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/03 ... ay-update/

[Cobra]

Japan's economy has contracted despite record level of easing.

that's not unexpected.

You already borrowed more than you need, you're completely in debt, yet the bank says, hey, I can lend you more money, please borrow more. I have no need to borrow, I have too much debt, how come lend me more money would solve my problem? Everything has a limit.

The borrow money itself is to spend the future to boost the current, already not right, not to mention you've borrowed too much of the future.

[fehro]

SPX near possible resistance still struggling… 200d @ 2022, VIX falling messy bullish wedge 60m, invs H&S 15m. Mind the morning gap. 1985 goes to the downside, looking for 1970, 1945.

[josephli]

Japan's economy has contracted despite record level of easing.

that's not unexpected.

You already borrowed more than you need, you're completely in debt, yet the bank says, hey, I can lend you more money, please borrow more. I have no need to borrow, I have too much debt, how come lend me more money would solve my problem? Everything has a limit.

The borrow money itself is to spend the future to boost the current, already not right, not to mention you've borrowed too much of the future.

I agree. it just shows that the fiscal policy those central bankers have been pushing has reached its effective lower bound. I wonder what they can do now. I think ECB will soon face the same issue.

[uempel]

This is not my idea, it's a visualization of what Rolf Bertschi wrote in his weekly report last Friday. He says that a sound rebound (for long term investors) requires that both MA 144 and MA 55 turn to the upside.

Market hit its low in October 2002 at 768

Low was in March 2009 at 666

Most likely 1810 is not the low ...

[fehro]

TRadingview SPX500 CFD ~/ES like 30m.. fwiw.

[Tutti]

This is not my idea, it's a visualisation of what Rolf Bertschi wrote in his weekly report last Friday. He says that a sound rebound (for long term investors) requires that both MA 144 and MA 55 turn to the upside.

20001.png

20078.png

201516.png

This is v/interesting - thanks

[fehro]

SPX probes lower uptrend bearish rising wedge.. a little overshoot (like the topside), or break.. 60m bottom left. VIX breaking out, trying to into resistance

[uempel]

Yesterday's call ...

[daytradingES]

8:40 AM 3/8/2016

Levels 08-Mar
Breakout= 2013.75
BuyStop= 1999.25
Est High= 1995.25
Resistance= 2028.75
6pts<High= 1989.25
SABB= 1984.50
Est Mid = 1995.25
6pts>Low= 1979.75
Est Low= 1973.75
Support= 1991.75
SellStop= 1974.50
Breakdown= 1974.50
Est H-L dif= 21.50

Possible key levels
1994.00
1971.00
1949.50
2017.00

[Al_Dente]

...........

[daytradingES]

Cl starting down
China trade data worse than est of -12% at -24% yoy

[daytradingES]

Futures slip as China data fans global growth fears
By Abhiram Nandakumar

(Reuters) - U.S. stock index futures were lower on Tuesday, after weak Chinese data rekindled fears of a global economic slowdown led by the world's second-biggest economy.

China's February trade performance was far worse than economists had expected, with exports tumbling the most in over six years.

Global stocks fell after the data. Crude oil and copper prices were down marginally. [O/R] [MET/L]

Investors are focusing on data for clues on the state of the global economy and monetary policies of central banks across the world.

The European Central Bank is expected to announce further stimulus at its meeting later this week.

[QED]

Trade indicator: Uempel sounds bearish today!

[josephli]

Wholesale inventories will be released at 10 a.m. ET, and crude-oil inventories will cross the wires at 10:30 a.m. ET.

boss, i think that will be tomorrow?

[fehro]

fwiw... AMZN could be in for some very serious pain.. Monthly/Daily...

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2016/03 ... ay-update/

[fehro]

SPX first hourly (9:30-10) not pretty