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04/03/2017 Live Update

PostPosted: Mon Apr 03, 2017 9:21 am
by Cobra
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my bias is down but it could be a consolidation between blue lines, let's see.

Re: 04/03/2017 Live Update

PostPosted: Mon Apr 03, 2017 9:25 am
by Cobra

Re: 04/03/2017 Live Update

PostPosted: Mon Apr 03, 2017 10:07 am
by Cobra

Re: 04/03/2017 Live Update

PostPosted: Mon Apr 03, 2017 10:16 am
by Al_Dente
NY declining stocks = 1.6 x advancing stocks
NY declining volume = 2.3 x advancing volume

Re: 04/03/2017 Live Update

PostPosted: Mon Apr 03, 2017 10:17 am
by Cobra
pullback may have legs.

Re: 04/03/2017 Live Update

PostPosted: Mon Apr 03, 2017 10:22 am
by Trades with cats
ES 06-17 (5 Min)  4_3_2017A.jpg


Bounced ona standard floor pivot or was it just another case of put enough lines on a chart something is bound to work (fooled by randomness). Regardless the average range calculation is showing declining volatility so those 10 point swings continue to be just a fond memory. Well not totally true, I was scared to death during the big swings when subprime exploded.

Re: 04/03/2017 Live Update

PostPosted: Mon Apr 03, 2017 10:52 am
by Trades with cats
ES back down to two standard deviations below VWAP. Whoops, make that three. I smell bear.

Re: 04/03/2017 Live Update

PostPosted: Mon Apr 03, 2017 11:22 am
by Trades with cats
It's the power 1/2 hour (European close coming up) and the ES is at the regular hours Average Daily Range low ( a bit below the same for Globex) so either the low for the day is in, which would fit a common pattern we have seen a lot of lately or we are about to get into serious bear move.

Pure guess is we chop around for a while then somebody starts putting some money to work, at least that's what it says on my t-shirt ;)

PostPosted: Mon Apr 03, 2017 11:24 am
by MrMiyagi
TICK slightly improving here, a couple of 150, 240 prints. Long way to go from panic drop while Yellen is in the bathroom.

Re: 04/03/2017 Live Update

PostPosted: Mon Apr 03, 2017 11:38 am
by Cobra
this bear may still have legs

Re: 04/03/2017 Live Update

PostPosted: Mon Apr 03, 2017 11:39 am
by Al_Dente
SMALLS
The “Big W” failed to reach target this morning and bulls scrambled to get out
Now back testing the breakout zone (purple line)
15 min
43fifteen.png.png

Re: 04/03/2017 Live Update

PostPosted: Mon Apr 03, 2017 11:43 am
by BullBear52x
The lady is down here.

PostPosted: Mon Apr 03, 2017 11:43 am
by MrMiyagi
Cobra wrote:this bear may still have legs


May have legs but what about the kidneys!!

Re: 04/03/2017 Live Update

PostPosted: Mon Apr 03, 2017 11:50 am
by fehro
RUT ugly.. lost both 20d/50d today.. just under 50d SMA, INDU nears 50d SMA.. Transports <20d again <50d

Re: 04/03/2017 Live Update

PostPosted: Mon Apr 03, 2017 11:59 am
by Cobra

Re: 04/03/2017 Live Update

PostPosted: Mon Apr 03, 2017 12:01 pm
by Trades with cats
I will be ready to sell kidneys after the Jobs report on Friday!

Elliot wave counters saw this as the initial low last week (OK Cool Bizone, and remember Bachnut warned you he changes his mind really really fast). Possible another 20 down or so, then back up to test the highs.

I see that it is unusual for the ES to end the day outside of the average daily range calculation. NY Fed Chair Dudley's speech today did't make zerohedge and we are done with number releases so no known unknowns left.

VWAP down to the S2 pivot and slowly falling. Usually see market jump up and touch the bottom of VWAP sometime in the afternoon. Itr will sure take a lot of heavy lifting to get to green.

Re: 04/03/2017 Live Update

PostPosted: Mon Apr 03, 2017 12:09 pm
by BullBear52x
we sould have a rest here, support level and 50 dma area. wait for new sell signal to tell if the bottom is in or not.

Re: 04/03/2017 Live Update

PostPosted: Mon Apr 03, 2017 12:18 pm
by Al_Dente
Rob Hanna stats on the first five days of April
43hanna.png.png

Re: 04/03/2017 Live Update

PostPosted: Mon Apr 03, 2017 12:21 pm
by BullBear52x
this is what bulls fear the most, over night/weekend news that kills. good deal with AAPL then, bad deal with AAPL now.

Re: 04/03/2017 Live Update

PostPosted: Mon Apr 03, 2017 12:22 pm
by Trades with cats
Factory orders at 10 tomorrow and then that noisey ADP payroll on Wednesday. Both could be sell off triggers. Asian markets may not like this Monday action but I guess it more depends on what the PBoC does this week leading up to the Florida meeting. Does Xi Dada play golf?