13 replies to this topic

[dTraderB]

SPX now testing the lower edges of the recent congestion zone - a break below SPX 2760 will be extremely bearish with the high probability of a 2600 SPX handle in a day or two. 

However, and this is quite possible, the bulls can keep the market above that support zone and power up back above SPX 2800. 

Lots of bears growling out there......

 

1. David Rosenberg‏ @EconguyRosie 3h3 hours ago

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   "I can't see a recession!". "Where's the recession!". I can't tell you how much I hear this every single day. It's like saying "I can't smell the carbon monoxide." By the time you "see the recession", your head's sliced off. Such a ridiculous statement.

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2.  Douglas Kass Retweeted

   Stalingrad & Poorski‏ @Stalingrad_Poor 3h3 hours ago

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   Spoos new lows. Can we please get another idiot from the Fed to talk about more QE and negative rates? @federalreserve

 

[dTraderB]

Helene Meisler‏ @hmeisler

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I think Grasso just lifted his downside target. Said 5-7% which is more like 2600 not 2500 which he upped it to last week (from 2200)

 

Big jump in stocks making new lows on the NYSE. Most since first days of Feb

 

Worst day for RUT since 12/21

 

ISE ratio lowest since 1/23

First 3 consecutive days of red for RUT since late December.

 

 

[dTraderB]

Tom McClellan‏ @McClellanOsc

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Tom McClellan Retweeted John Bollinger

Arms Index of 2.09 (preliminary) with GE's 198 million shares in the numbers. 1.96 ex-GE. Not much difference in meaning.

Tom McClellan added,

John Bollinger @bbands

Those watching the TRIN today would do well to take GE into account.

 

Steve G-B‏ @stevegb67 38m38 minutes ago

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Replying to @McClellanOsc

I've always heard it can mean 1 of 2 things if TRIN is above 2.0 -- (a) We're likely to have a bounce tomorrow, or ( If we don't bounce, it can be a precursor to a crash. Watch the Thursday & Friday action.

 

1. Helene Meisler‏ @hmeisler 1h1 hour ago

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   Equity put/call ratio 70%, highest since 2/7

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   Helene Meisler‏ @hmeisler 1h1 hour ago

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   More new lows than highs on Naz today

[dTraderB]

VERY BUSY MORNING!

 

Volatile markets pre-cash sessions, hope it continues all day, still waiting on that SPX 2760 test

[dTraderB]

It's not an automatic profitable trade! 

 

OddStats‏ @OddStats 22m22 minutes ago

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$SPX has crossed under the 200d midday after closing at least 15 straight days over it.

 

So you're about to sell everything and go short.

 

K.

 

[redfoliage2]

With the daily pivot support at 2760 gone, now let's see where will be the next stop..................

Edited by redfoliage2, 07 March 2019 - 10:38 AM.

[dTraderB]

Good movement,, good range, heading back up to test the underside of the SPX 2760 resistance zone.

[dTraderB]

Another attempt at SPX 2760 from below. 

 

Break above it and a DAILY close above it will be BULLISH. Failure and close below it will be VERY BEARISH

 

Some - many - are watching the 200ma around these levels

[dTraderB]

rebuffed, but more attempts at SPX 2760 coming soon

[dTraderB]

My LT portfolio is almost empty.

 

Got to buy some stocks, preferably stable boring ones like financials, maybe ETFs