04/04/2018 Live Update

[Cobra]

members only update at 3:12 pm
http://www.cobrasmarketview.com/2018/04 ... ay-update/

[Daniel]

Am tracking XLI (industrials sector) for the obvious reason of its sensitivity to export concerns. It is trading with technical perfection worthy of the finest algos. Low of day exactly at the 200day MA. High of day exactly (w/in penny or two) at gap fill.

Currently fading fast from that high/fill-- will it be the 'tell' for the other sectors, which are holding closer to their HOD...?

Meanwhile, Naz advancers have been over 2000(!) for at least an hour. Spectacular turnaround there.

..update, Naz adv fresh HOD, over 2100! And XLI is green... divergence is gone. All majors at or near HOD.

[fehro]

"W" bottom slopping +200 points.. with a gap up tomorrow.. or.. channel..

[Daniel]

SPY is currently trading over its 15min 200ema for the first time since mid-March!

[Junior Buffett]

"W" bottom slopping +200 points.. with a gap up tomorrow.. or.. channel..

That's it? BEARS are done now? what about 2665 area? Is that not a solid wall anymore? sorry for lots of questions..

[fehro]

"W" bottom slopping +200 points.. with a gap up tomorrow.. or.. channel..

That's it? BEARS are done now? what about 2665 area? Is that not a solid wall anymore? sorry for lots of questions..

Back under 200d SMA and 50w.. then there'll be more down.. but 200d holds so far.. channel holds.. we could gap down under 200d .. seem doubtful with this strength

[Daniel]

looks like a strong uptrend day, bears be careful.

..This was a particularly helpful and timely comment, esp at 11am with SPY still deep in the red.

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2018/04 ... ay-update/

[Cobra]

well, guess that's it for today. Thursday tomorrow has been generally bull friendly. thank you guys, I'll see you in another thread after the close.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[Trades with cats]

Biggish drop right at 4. Makes you wonder if this up day was a rental.