03/18/2016 Live Update

[Trades with cats]

Here is a weekend thought from ZeroHedge-

[uempel]

Denali92 saw that January/March 2002 had some similarities with 2016 - so I drew the chart. Chart shows that MA 200 can be quite meaningless in volatile markets.

Denali's analysis of March 2002 versus March 2016 can be read in Cobra's Outlook posted yesterday evening (Thursday).

Murphy's view from St. Patrick's Day.

S&P 500 SPDRS STAY ABOVE 200-DAY LINE... Stocks are extending their recent rally. Chart 5 shows the S&P 500 SPDRS (SPY) continuing to gain more ground after recently clearing their 200-day average. Also encouraging are the day's gains in consumer discretionary, technology, and industrials shares which are also above their 200-day lines. So is the drop in the CBOE Volatility (VIX) to the lowest level this year (Chart 6). That shows less fear and more optimism. All in all, a positive for risk on assets.

http://stockcharts.com/members/analysis/20160316-1.html

[MrMiyagi]

Time is running out for that SPY intraday MACD buy coupon, starting to flatten.

[JFR]

Quiet day for ES and YM. NQ somewhat more wild.

[uempel]

ZeroHedge has quite a few followers. Some of his calls are very good, some are just plain stupid: he sometimes writes about things he just doesn't know. Quite important that we focus on what we know and don't let us be carried away by hubris. In the last few weeks I read two articles of his which were absolute nonsense So I'm a sceptic.

Here is a weekend thought from ZeroHedge-

[fehro]

exciting hour coming up? crack 2043.. look out below target 50w 2033

[MrMiyagi]

!!! POWER HOUR !!!

[JFR]

Which way will it breakout?

[BullBear52x]

Gap and go or gap and no go, for now it's gap and do nothing

[BullBear52x]

I got a buy on /ES stop at 2035.5, what a day.

[JFR]

Breakout or fakeout? Testing the air above.

[BullBear52x]

Bulls are too rich for da bears.

[Cobra]

testing day high indeed.

[fehro]

SPX .. nibble small short here

[BullBear52x]

Friday, started with 5 handles day now 3 handles is best to hope for.

Chart for the road:Short term Come2papa save the day. Peace!

[uempel]

Bullish Percentages gaining strength into the close. Unbelievable but BPNYA is now up 3.35% ...

http://stockcharts.com/freecharts/candl ... BPENER|B|0

[JFR]

Stalling a bit at previous support-resistance.

[Daniel]

Trannies continue to lead the upside move, independent of what oil does on any given day.

DJT +1.5% on day

[Daniel]

DJI hod, XBD, XLI, IBB(!) closing strong--
--EM, USO and energy in genl closing weak

[Daniel]

15min timeframe, IWM only one teensy brief touch of the upslope 20ema since the gap fill Thursday just post-Open. STRONG dog.