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04/13/2017 Live Update

Re: 04/13/2017 Live Update

Postby Trades with cats » Thu Apr 13, 2017 3:08 pm

This is interesting- As we wait for the market to slowly bleed out into the close.
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Re: 04/13/2017 Live Update

Postby Trades with cats » Thu Apr 13, 2017 3:15 pm

Stock Trader's Almanac sways April is prone to weakness for the several days after the Income Tax deadline. That would be Monday, so on paper seems the odds of continued weakness are decent. Hirsh also says that the market runs up in advance of good first quarter earnings, so yet another tradition that does not bode well for the rest of the month.
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Re: 04/13/2017 Live Update

Postby Daniel » Thu Apr 13, 2017 3:32 pm

JNK, XOP, XLE lod
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Re: 04/13/2017 Live Update

Postby Cobra » Thu Apr 13, 2017 3:34 pm

wrong again on this bull may have legs although this bear may have legs still not always right nowadays.
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Postby MrMiyagi » Thu Apr 13, 2017 3:41 pm

Cobra wrote:wrong again on this bull may have legs although this bear may have legs still not always right nowadays.


Where is good old Bernanke to pump a few billion in the piggy bank?
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Re: 04/13/2017 Live Update

Postby Daniel » Thu Apr 13, 2017 3:41 pm

Cobra wrote:wrong again on this bull may have legs although this bear may have legs still not always right nowadays.

A quote from earlier today, from J.Deporre (aka Reverend Shark)

"In my view this market is untradable right now."

I couldn't agree more. Totally inorganic, a stinkin' mound of silicon. Bots eating bots.

Happy Easter to all.

:)
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Re: 04/13/2017 Live Update

Postby Mr. BachNut » Thu Apr 13, 2017 3:41 pm

Mr. Market generally does not like to set a low on Friday.
Maybe some event over the weekend will upset that but could be looking at lower lows next week.

The NYMO cycle, needless to say, is now down...
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Re: 04/13/2017 Live Update

Postby Cobra » Thu Apr 13, 2017 3:44 pm


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Postby MrMiyagi » Thu Apr 13, 2017 3:45 pm

NYMO day low -17.29
NYDEC day high 2075
VIX day high 16.20
TRIN day high 2.05
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Re: 04/13/2017 Live Update

Postby Cobra » Thu Apr 13, 2017 3:47 pm

well, guess that's it for today. Monday after the Good Friday holiday favors bears a little little bit. thank you guys, I'll see you in another thread soon.

please don't forget our weekly sentiment poll which will be posted right after the close.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp
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Re: 04/13/2017 Live Update

Postby Trades with cats » Thu Apr 13, 2017 3:52 pm

Fed members have had a clear message, big market drop is not a problem to them anymore.They are sure lining up to get what they asked for. This has to count as ugly technical damage. Going to need a big bounce on Monday, which hiostorically is unlikely. Setting up to retest year to date low for sure.

I'm going to cook a big chunk of lamb outside on my grill this weekend, hope you all have fun also. :D
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Re: 04/13/2017 Live Update

Postby Daniel » Thu Apr 13, 2017 3:53 pm

EEM, EWZ fresh lod
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Re: 04/13/2017 Live Update

Postby Cobra » Thu Apr 13, 2017 3:57 pm

Trades with cats wrote:Fed members have had a clear message, big market drop is not a problem to them anymore.They are sure lining up to get what they asked for. This has to count as ugly technical damage. Going to need a big bounce on Monday, which hiostorically is unlikely. Setting up to retest year to date low for sure.

I'm going to cook a big chunk of lamb outside on my grill this weekend, hope you all have fun also. :D


Hey, how come I'm not invited? :o

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Re: 04/13/2017 Live Update

Postby Trades with cats » Thu Apr 13, 2017 3:58 pm

ES 06-17 (5 Min)  4_13_2017.jpg


Bi-polar day for sure!
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Re: 04/13/2017 Live Update

Postby Daniel » Thu Apr 13, 2017 4:04 pm

Cobra wrote:Hey, how come I'm not invited? :o


Cobra da, you are the Host. You are ALWAYS invited.

Very difficult week. GLTA.

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Re: 04/13/2017 Live Update

Postby Cobra » Thu Apr 13, 2017 4:09 pm

our weekly sentiment poll is here:
viewtopic.php?f=9&t=2430

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Re: 04/13/2017 Live Update

Postby Cobra » Thu Apr 13, 2017 4:36 pm

Daniel wrote:
Cobra wrote:Hey, how come I'm not invited? :o


Cobra da, you are the Host. You are ALWAYS invited.

Very difficult week. GLTA.

:)
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