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LATEST PRO TRADER REPORTS MARKET UPDATE PROMARKET UPDATE PRO DAILY Market Hints But Doesn’t Confirm A Key Cycle Peak by Lee Adler •  April 1, 2016

The market’s tiny downtick yesterday may have been the signal that the 13 week cycle up phase has ended. Here are the key benchmarks to watch for confirmation, and the upside targets if those benchmarks hold.

 

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w?s=%5EAORD&lang=en-AU&region=AU

 

 

A serious down day for All Ords.  The index finished -1.5% with steep losses across a number of sectors: Utilities -2.6%, Financials -2.4%, Energy -2.1% with Miners +0.4% the only up sector and Gold flat.

Over in Asia, +0.1%, Hong Kong -1.1%, Japan -3.6%, India currently -0.4%.

 

 

On to UK/Europe:

 

t?s=%5EFTSE&lang=en-AU&region=AU&width=3

 

t?s=%5EGDAXI&lang=en-AU&region=AU&width=

 

t?s=%5EFCHI&lang=en-AU&region=AU&width=3

https://au.finance.yahoo.com/

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LATEST NEWS AND OPINION MUST READ NOT SAFE! China’s Central Bank Starts Buying Stocks (Via SPV) — A New Low For Manipulation by Anthony B. Sanders •  March 31, 2016

‘Global Central Banks have gorged themselves on sovereign debt in their attempt to jumpstart a sick global economy. Now China has gone one step further — buy stocks too. (Reuters) China’s foreign exchange regulator has bought mainland stocks worth over 27 billion yuan ($4.18 billion) via three low-profile investment firms it controls, the official Shanghai […]b.gif?host=confoundedinterest23.wordpres

 

MUST READ This Indicator Suggests A Bear Market Is Now Underway And It’s Likely To Be A Painful One by Jesse Felder •  March 31, 2016
Screen-Shot-2016-03-30-at-12.31.17-PM-76

NYSE margin debt fell again during the month of February. After the selloff in stocks that kicked off 2016, this should come as no surprise. Investors are usually forced to reduce leveraged bets during these sorts of episodes in the stock market. In fact, this forced selling can actually exacerbate the volatility. And because margin […]

 

MUST READ Euro-area Deflates for 2nd Month Before ECB Beefs Up QE (Will More QE Help US Homeownership?) by Anthony B. Sanders •  March 31, 2016
hownxcxc-480x341.png

The quantitative easing (QE) thing isn’t going the way Mario Draghi had hoped. (Bloomberg) Euro-area inflation was negative for a second month in March, in data released on the eve of the European Central Bank’s first day of expanded debt purchasing to fight deflation. The consumer price index in the 19-nation bloc fell 0.1 percent […]b.gif?host=confoundedinterest23.wordpres

 

CHARLES HUGH SMITH Higher Education Is Morally and Financially Bankrupt by Charles Hugh Smith •  March 30, 2016
student-loans10-15-480x319.png
A system that piles debt on students in exchange for a marginal or even zero-return on their investment is morally and financially bankrupt.

 

MUST READ Fraud Key Profit Center for Wall Street by Devin Smith •  March 30, 2016

Bill Black is interviewed by Greg Hunter over at USAWatchdog.com.

 

MUST READ We May Have Just Witnessed A Generational Peak In Corporate Profit Margins by Jesse Felder •  March 30, 2016
fredgraph.jpg-2-768x510-480x319.png

Over the past few years I’ve written a fair amount about the record-high levels of corporate profit margins. I’ve been focused on this topic because corporate earnings are one of the most popular ways to value equities thus the sustainability of record-high profit margins should be an issue of great concern to investors. If profit margins revert to […]

 

MUST READ Judge strikes down Metlife’s ‘too big to fail’ tag (Prudential and AIG Party!) by Anthony B. Sanders •  March 30, 2016

A U.S. District Judge swatted down the Financial Stability Oversight Council (FSOC) with a ruling about Metlife beig “too big to fail.

 

MUST READ What This Week’s Federal Reserve Interest Rate News Means for Markets in 2016 by Diane Alter •  March 30, 2016

After another dovish Federal Reserve interest rate statement from Chair Janet Yellen yesterday, global stocks and commodities are rallying.

 

MUST READ Spot The Yellen Dove Speech To Economic Club Of New York! (Dow Up 250 This Morning) by Anthony B. Sanders •  March 30, 2016
yellenspeak-480x341.png

Spot in this chart of the Dow when Professor Yellen made her mournful speech.

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LATEST PRO TRADER REPORTS MARKET UPDATE PROMARKET UPDATE PRO DAILY Slippage in Cycle Screening Data Edges Toward Sell Sign by Lee Adler •  April 1, 2016

The aggregate measure fell. It was another downturn in a string of lower highs as the market averages made new highs.

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Tesla model 3 is probably the cheapest least ugly EV you can find :lol:

 

from this angle in orange looks like a car that doubles as a boat :lol:

post-2204-0-13799400-1459510328_thumb.jpg

 

this one looks like a rendering

post-2204-0-10331300-1459510334_thumb.jpg

 

pretty slick in these photos

post-2204-0-92966100-1459510343_thumb.jpg

post-2204-0-92994800-1459510490_thumb.jpg

 

Doesn't the all glass roof make it a greenhouse on wheels?

 

http://www.theverge.com/2016/3/31/11335272/tesla-model-3-announced-price-release-date-specs-preorder

 

5 seater, AWD option, 215 miles range, and 0-60 base model starting at 6 seconds

 

 

I don't have and don't plan to buy TSLA stock though

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Nikkei falling off a cliff.. Maybe just maybe that was it and down we go. No change on my ES short.. Sitting right from 2058 and 2062 area.

 

I have buy orders in to cover 1/2 at 2032..

Took the half off the table at 2039 for +21.

Holding the other half. Will add back the shorts if we get a bounce to 2050 area.

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Note: not the onion and not April fools.

*NYSE ARCA TICKERS AFFECTED: AMZN, AZO, GOOG, GOOGL, ISRG, MKL

NYSE Arca has suspended trading in eight symbols for the balance of the trading day due to a technical issue, including Amazon.com and both classes of Alphabet Inc shares, according to an alert from the exchange.

The alert stated all orders have been canceled back to customers and a spokeswoman for the exchange confirmed it was not an April Fool's Day prank

 

:lol:

http://www.reuters.com/article/usa-stocks-suspension-idUSL2N1740RJ

 

Those are Nasdaq tickers right? :lol:

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