04/03/2018 Live Update

[Cobra]

members only update at 12:02 pm
http://www.cobrasmarketview.com/2018/04 ... ay-update/

[Al_Dente]

Spotify
Awaiting IPO; still not open
Indicated price $167-$170 per share
(I don’t have a symbol yet)

[MrMiyagi]

POSSIBLE "HAPPY HOUR" WITH FRUIT JUICE TODAY

[MrMiyagi]

Spotify
Awaiting IPO; still not open
Indicated price $167-$170 per share
(I don’t have a symbol yet)

SPOT

[Trades with cats]

Black out alert from Nomura today. Bulk of S&P resumes buybacks mid month, FANGS resume last week of the month. My guess is perfect timing for the counter trend rally we are all waiting for.
Rest of their forecast was 2535 is when all the big boys go full short. If true I see a 2000 or 2009 style waterfall sell off.

What I remember is they look a lot more awesome afterwards on the charts and were just frozen deer in the headlights scary to trade, mostly because of the super violent moves in both directions.

[Cobra]

probably rebound from here to test day high.

[Al_Dente]

Spotify
Awaiting IPO; still not open
Indicated price $167-$170 per share

opened at 165.90

[Al_Dente]

Breaking:
cya
Congress may let potus rollback some of the $1.3trillion spending bill

[MrMiyagi]

probably rebound from here to test day high.

Day high eh? Hmmmmmmmm......

[Al_Dente]

SPOT
(thanks miyagi )

[fehro]

SPX 2585 confluence of pink, red, dashed red.. key.. it breaks .. look for a fast sharp drop.. it holds.. 2612ish? still struggles here at 200d 2591ish

[Al_Dente]

NYAD +953, regained the opening bull bias
NY advancing stocks = 1.9 x declining stocks
NY advancing volume = 2.6 x declining volume

Nasdaq advancing stocks = 2.1 x declining stocks
Nasdaq advancing volume = 1.1 x declining volume (= no volume behind the buying...yet)

NY advancing stocks = 1.7 x declining stocks
NY advancing volume = 2.2 x declining volume

Nasdaq advancing stocks = 1.5 x declining stocks (not enough)
Nasdaq advancing volume = 0.95 x declining volume (still no volume)

[Al_Dente]

[Al_Dente]

SPOT
"unorthodox 'direct listing' "
"...without an underwriting bank to help buoy its stock price in the open market" [as if, oy]
https://eresearch.fidelity.com/eresearc ... S_SVC&sb=1

[Al_Dente]

"35 components [35%] of the Nasdaq-100 are in bear-market territory, defined as a drop of at least 20% from a recent peak."
[MarketWatch 8:48 AM ET]

[Al_Dente]

INTRADAY TNA broke the HL (higher low), took out the stops (red horizontal line), and popped back up
Grrrrrrr, I know I know, stops too tight
(ignore vertical lines)
2min

[Al_Dente]

WH presser NOW

[Cobra]

sharp pullback here would be lower high, bulls over then, key time.

[te_fern]

TICKs have gone negative...

[Cobra]

possible double top.