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04/05/2017 Live Update

Re: 04/05/2017 Live Update

Postby Al_Dente » Wed Apr 05, 2017 1:21 pm

BULLISH PERCENT daily
Shows the large caps (BPINDU, BPOEX) in charge
Also here you can see the full nas BPCOMPQ and even BPNDX lagging in participation, as the heavily-weighted monsters have taken over the QQQ
(red line is 20ma)
45bp.png.png
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Re: 04/05/2017 Live Update

Postby BullBear52x » Wed Apr 05, 2017 1:35 pm

Gap and Go for now, bears be careful, I would not short this market unless a clear sign of intraday reversal.
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Re: 04/05/2017 Live Update

Postby Trades with cats » Wed Apr 05, 2017 1:38 pm

Same stuff every quarter. They hit the big ones hard pushing up the index. Then out come earnings and we find out (usually) there really wasn't anything left in the tank. Of course just because you know it will end badly has nothing to do with timing it. What was that valuation on Yahoo back in the day? :twisted:
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Re: 04/05/2017 Live Update

Postby Trades with cats » Wed Apr 05, 2017 1:40 pm

Uber dovish Fed speak would blast this up to the next level, but I can not think of a reason why they would talk like they have been and then take it all back in print.
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Re: 04/05/2017 Live Update

Postby Al_Dente » Wed Apr 05, 2017 1:42 pm

BullBear52x wrote:Gap and Go for now, bears be careful, I would not short this market unless a clear sign of intraday reversal.

BOSS: you know the best things in life are free but you can give them to the birds and bees
https://www.youtube.com/watch?v=E-P2qL3qkzk
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Re: 04/05/2017 Live Update

Postby BullBear52x » Wed Apr 05, 2017 1:51 pm

Al_Dente wrote:
BullBear52x wrote:Gap and Go for now, bears be careful, I would not short this market unless a clear sign of intraday reversal.

BOSS: you know the best things in life are free but you can give them to the birds and bees
https://www.youtube.com/watch?v=E-P2qL3qkzk

:lol: Show me the Money :lol:

see you tomorrow boss, got to run an errands
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Re: 04/05/2017 Live Update

Postby Al_Dente » Wed Apr 05, 2017 1:53 pm

wakey wakey, the minutes in a few minutes
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Re: 04/05/2017 Live Update

Postby Al_Dente » Wed Apr 05, 2017 2:06 pm

Quick glance at the intraday big-shots OEX
dow dow dow dow, yummmm oreos
(but this is BEFORE the minutes)
45oex.png.png
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Re: 04/05/2017 Live Update

Postby Junior Buffett » Wed Apr 05, 2017 2:11 pm

Fed plans to shrink balance sheet this year, minutes show

http://www.marketwatch.com/story/fed-pl ... 2017-04-05
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Re: 04/05/2017 Live Update

Postby Al_Dente » Wed Apr 05, 2017 2:14 pm

"SOME FED OFFICIALS VIEWED STOCK PRICES AS `QUITE HIGH' "
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Re: 04/05/2017 Live Update

Postby Cobra » Wed Apr 05, 2017 2:19 pm

if no sharp pullback then bias still is up.
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Postby MrMiyagi » Wed Apr 05, 2017 2:36 pm

Cobra wrote:if no sharp pullback then bias still is up.


SPY is pushing 10BBands, I think it stays no higher than day top.
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Re: 04/05/2017 Live Update

Postby Trades with cats » Wed Apr 05, 2017 2:43 pm

It will be an ugly close if the gap is filled. Follow through overnight further into the red would be reasonable. Hard test for RBC theory that this has been all about Japanese traders playing catch up to a (relatively) cheep market.
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Re: 04/05/2017 Live Update

Postby Trades with cats » Wed Apr 05, 2017 2:47 pm

Here we go again, triple top or double bottom?
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Re: 04/05/2017 Live Update

Postby Trades with cats » Wed Apr 05, 2017 2:48 pm

Smalls at the days low for a second time, if bulls are going to pull something out now is the time.
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Re: 04/05/2017 Live Update

Postby Cobra » Wed Apr 05, 2017 2:55 pm

sharp pullback, good for bears, but most double top fails nowadays, let's see.
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Re: 04/05/2017 Live Update

Postby Al_Dente » Wed Apr 05, 2017 3:01 pm

HAPPY HOUR
home alone.png.png
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Re: 04/05/2017 Live Update

Postby Al_Dente » Wed Apr 05, 2017 3:14 pm

WHAT TO WORRY ABOUT TOMORROW AND FRIDAY
The Main Event
POTUS and POC Xi Jinping’s first date at Mar-A-Lago
GS on what to expect [Spoiler: bla bla bla, either a bromance or a disaster]:
http://www.zerohedge.com/news/2017-04-0 ... main-event
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Re: 04/05/2017 Live Update

Postby Trades with cats » Wed Apr 05, 2017 3:15 pm

http://blog.clipperdata.com/oil-waiting-in-us-gulf-rebounds
Middle eastern cargoes have dropped off big time but do not fear, Venezuela has stepped up to the plate to fill the gap in US imports, and Mexico could surge exports to cover the Canadian shortfall as once again a tar sands processor is on fire.
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Re: 04/05/2017 Live Update

Postby Cobra » Wed Apr 05, 2017 3:19 pm

Al_Dente wrote:HAPPY HOUR
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