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Re: 04/20/2017 Live Update

PostPosted: Thu Apr 20, 2017 1:19 pm
by Al_Dente
Al_Dente wrote:NY advancing stocks = 2.1 x declining stocks
NY advancing volume = 2.9 x declining volume

NY advancing stocks = 2.3 x declining stocks
NY advancing volume = 2.5 x declining volume
At the moment the AD is still strong enough to hold the bull intraday, but it must not falter tooooo much

Re: 04/20/2017 Live Update

PostPosted: Thu Apr 20, 2017 1:21 pm
by Al_Dente
brokebybernacke2 wrote:
Al_Dente wrote:SPY 15m ............

or maybe this, break of yellows might determine direction.

thanks boss :D

Re: 04/20/2017 Live Update

PostPosted: Thu Apr 20, 2017 1:43 pm
by Denali92
The market will do what it wants to do - even if that means it is historically unusual.

The market has gone for the 1 in 9 historical direction this week. :roll: :roll: :roll:

I do not have a lot to add here EXCEPT to say that the note here:

http://www.cobrasmarketview.com/2017/04202017-intra-day-update/

Does cover one interesting possibility for next week. If we do get an inside week, I am sure Cobra will also come up with some super interesting stat to complement my work. ;) ;) ;)

Have a good one,

-D

Re: 04/20/2017 Live Update

PostPosted: Thu Apr 20, 2017 1:52 pm
by Cobra
this bull shall still have legs.

Re: 04/20/2017 Live Update

PostPosted: Thu Apr 20, 2017 2:23 pm
by BullBear52x
no trade for me today, mistake I thought it will be boring, it could have been a killing easy day trade today.

%B is now bear no more, today reversal is serious, bear beware!

Re: 04/20/2017 Live Update

PostPosted: Thu Apr 20, 2017 2:27 pm
by BullBear52x
BPSPX is also agreed with this run today.
1.PNG
STO I posted yesterday wasn't lying :)
2.PNG

Re: 04/20/2017 Live Update

PostPosted: Thu Apr 20, 2017 2:32 pm
by Cobra
the pullback should be bought around here.

Re: 04/20/2017 Live Update

PostPosted: Thu Apr 20, 2017 2:33 pm
by Al_Dente
April into May is seasonally bullish – these are the stats:
• Over the next 4 weeks, SPY has on average historically risen by 1.9% based on the past 24 years of stock performance.
• SPY has risen higher in 17 of those 24 years over the subsequent 4 week period, corresponding to a historical probability of 70%
• The holding period that leads to the greatest annualized return for SPY, based on historical prices, is 1 week. ….
https://evilspeculator.financhill.com/s ... nality/SPY

[edit: chart is interactive; slide the little thingy]

Re: 04/20/2017 Live Update

PostPosted: Thu Apr 20, 2017 2:51 pm
by BullBear52x
USO, don't discount a possible of HL. Trading market, no trend on USO so....this is common, stay in the kitchen or stay out.

Re: 04/20/2017 Live Update

PostPosted: Thu Apr 20, 2017 2:56 pm
by BullBear52x
TLT long term dip will be bought, we might have a run sideways like 2015, for now she is gaining her strength back. Peace!

Re: 04/20/2017 Live Update

PostPosted: Thu Apr 20, 2017 3:01 pm
by Al_Dente
HAPPY HOUR
Image

Re: 04/20/2017 Live Update

PostPosted: Thu Apr 20, 2017 3:07 pm
by Cobra
Al_Dente wrote:HAPPY HOUR
Image

Re: 04/20/2017 Live Update

PostPosted: Thu Apr 20, 2017 3:15 pm
by Al_Dente
Relative Strengths were poking along, continuing out of smalls, banks, tran,
and into spx, nas, and cyclicals
Then all of a sudden today INDU v SPX took a big dump….. WTF............

420rel str.png.png

Re: 04/20/2017 Live Update

PostPosted: Thu Apr 20, 2017 3:24 pm
by Al_Dente
AXP is up +6% today (on earnings)
AXP is 2.54% of the dow
That represents X points of the dow’s run today
(could someone please give me the math for X)

Re: 04/20/2017 Live Update

PostPosted: Thu Apr 20, 2017 3:32 pm
by Al_Dente
Al_Dente wrote:Today’s uptrend angle is a bit steep
U know the drill
IWM and SPY

that was at 12:32 pm
since then IWM has fanned out by moving sideways
now it's trying to go down (no HH... can it hold its HL ?)

Re: 04/20/2017 Live Update

PostPosted: Thu Apr 20, 2017 3:33 pm
by Cobra

Re: 04/20/2017 Live Update

PostPosted: Thu Apr 20, 2017 3:53 pm
by Trades with cats
ES 06-17 (5 Min)  4_20_2017_c.jpg


I am surprised at how well the Average Daily Range calculation works for setting limits, up or down, at the beginning of the trading day. Of course if I start to really rely on it then it will stop working ;)

Re: 04/20/2017 Live Update

PostPosted: Thu Apr 20, 2017 3:54 pm
by Cobra

Re: 04/20/2017 Live Update

PostPosted: Thu Apr 20, 2017 3:56 pm
by Cobra
well, guess that's it for today. Friday tomorrow has been generally bull friendly. 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

Re: 04/20/2017 Live Update

PostPosted: Thu Apr 20, 2017 4:46 pm
by rpccharts
OPEx tomorrow and expect a flip on open