03/31/2016 Live Update

[uempel]

10 day sector % performance
XLE energy is only weighted at 7% of SPY
But it is the one pulling the house down; the only one below zero 0%

331perf.png.png

If XLE fades the financials might follow ...

[fehro]

mind the open gap.. VIX needs to pop over resistance.

[josephli]

Megatechs are retreating. Msft still strong

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[josephli]

2537.png

2535.png

thank u like that target level as short term imp level, guessing we get a breather next week preferred play after employment ,then if pbar target holds, int. term slower grind up, gonna take time, so much resistance here and above...descending broadening wedge target gets to last year high...brexit june will determine more ups or big downs imo...dart

So far iwm has a strong rally since feb. However it still has not decisively break the h&s pattern. I still think the market will be very choppy through 2nd quater.

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[fehro]

SPX come to papa..

[Cobra]

ok, pullback as expected, now testing yesterday's low, usually should be lots of buyers here, let's see if any differences today.

[fehro]

SPX..SPY holds.. mind the minor descending wedge.. otherwise.. mind the SPX open gap.. yellow 2053 fails.. look for 2048

[MrMiyagi]

VIX day high 14.19.

[Cobra]

vol surge, biggest red, yesterday's low, so this is dip buyers last chance, if no buyers, then bulls will have to wait for the next support.

[fehro]

Sleepy drift down.. .. top of gap.. almost..

[Cobra]

so far no buyers, 100% mm is possible then.

[fehro]

SPX enters gap.. VIX resistance.. SPX s1 pivot

[Cobra]

this is reaction from 60 min EMA20 which is the "next" support. Let's see. generally this bear shall have legs.

[MrMiyagi]

!!! POWER HOUR !!!

[Cobra]

members only update at 3:05 pm
http://www.cobrasmarketview.com/2016/03 ... ay-update/

[fehro]

SPX

[brokebybernacke2]

NFP tomorrow. no surprises, so long wages stay under control...

[Trades with cats]

Interesting to note that the ES bounced on the overnight swing low 2048.75

[Trades with cats]

NFP Goldman calling for 220, consensus around 205. As we know House Finance Committee staffers have received the number this afternoon. Not seeing any "Sell Mortimer Sell" though.

[Daniel]

Let's see. generally this bear shall have legs.

..and generally, on the last day of a month, if the market is weak, or weakening, post 2pm it trends lower into the close.

If stocks close strong, this would be mildly atypical... and perhaps some harbinger for the beginning of Q2...?

Meanwhile, speculation aside, SPY is struggling to cross VWAP from below to above, here (ca 205.95--206 area)