3 replies to this topic

[dTraderB]

Technically, this is now a very strong market. 

50ma easily crossed above the 200ma and a new daily swing high was made today, the highest since last September.

 

Fundamentally, good news from China but not so good here and in Europe. 

Italy & Turkey are also very suspect. 

 

The markets are extended and VIX/VXXB are not diving as much as last year when the markets zoomed ahead. 

Mo

 

Unless there is a major bearish event, SPX could reach 2900 this week. 
However,  I am looking for strong resistance in the SP 2880/1900 zone, AND, dare I say it: an IT top.

 

ED YARDENI says not worry about recession, the FED is doing what has to be done to ensure there will be none, soon:

 

(NO, this is not an APRIL 1 prank)

 

Opinion: This is the real reason why the U.S. economy isn’t in recession danger now

Yardeni: Credit crunches cause recessions — and the Fed isn’t raising interest rates

 

https://www.marketwa...-now-2019-04-01

 

[K Wave]

Watching the pivot just set on VIX around 13.60...

 

If it gets taken out later, could be first sign of some corrective action about to begin...

 

I am guessing YM will pull back to hourly 72 MA or so relatively soon...

[alexnewbee]

I see W formation on several indexes. If we take out the bottom of this W, that could be quite good short.

[dTraderB]

Still many buyers in the market

 

Looking for ST top tomorrow or Thursday