04/26/2017 Live Update

[Trades with cats]

Highest total since 2012. US refiners outpacing 2016 and where is it going? Product tankers filling up in New York Harbor taking diesel to Europe while the gulf coast refineries replace temporarily lost production in South America and Africa. So who actually knows what US consumer demand actually is. Good luck on the numbers when they finish refinery maintenance in Europe and get things working again in Africa and South America.

[BullBear52x]

I wan't going to say it but this is it, major policy after major policy. My wife worked for what was once a major tech company, so from her I learned "walk the talk", but all I am seeing is "talk the talk". This looks just like the OPEC oil production cuts that aren't. Going to slash corporate rates to 15% when the average effective rate for publicly traded companies is 11% is identical to Mexico agreeing to cut production by the amount of their depletion. Headline reading algos are stupid enough to buy over this stuff but once the adults look it over market isn't moving any further.

sideways, HL and LH, right now I am a little bullish bias on USO.

short term 5 DMA is still problem but dip buying is what I have now.

[Al_Dente]

PM:
Higher lows (green dots) demand long hold for swingers, but been scaling out because I’m a big fat wussie, aaaa I mean aaaa, I don’t want to give much back, better in my pocket than theirs
So swing still long, intraday up down up down up down etc
TWO DIFFERENT TIME FRAMES
bla bla bla
15min

[te_fern]

Slowly climbing back to the high!

[Al_Dente]

ok now 5min it’s different this time
“knock three times”
(on IWM but not yet on spy)

[Al_Dente]

HAPPY HOUR

[BullBear52x]

FAS will lead us down?

daily is ripe for bear harvest.

Short term is on a weak side of momentum but still well above 5 DMA, early bird special.

[BullBear52x]

Chart for the road: very overbought but no reversal on intraday to get this early bird to want to risk it. wait out some more no exit warning on the long side on a daily chart setup either. bullish bias to continue. Peace!

[te_fern]

SPX seems to be selling off. Tick is still positive (chart at the bottom).

[merryme]

Trades with cats....

I think you miss the point. As long as the ALGO's are LONG the market, you should be too! ALGO'S often are the VISIBLE (lit) start of the precipitation (the downside). Retail traders/"adults" aren't bringing this bull down.

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2017/04 ... ay-update/

[Cobra]

well, guess that's it for today. Thursday tomorrow has been mixed recently. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp