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04/05/2018 Live Update

04/05/2018 Live Update

Postby Cobra » Thu Apr 05, 2018 9:23 am

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consolidation, bias is up.
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Re: 04/05/2018 Live Update

Postby fehro » Thu Apr 05, 2018 9:27 am

/ES 15m.. fwiw.. minor H&S … mind a retrace to yellow triangle.. key area… SPX 200d SMA key to the downside.. 20d.50d to the insane upside move.
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Re: 04/05/2018 Live Update

Postby Cobra » Thu Apr 05, 2018 9:28 am


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Re: 04/05/2018 Live Update

Postby brokebybernacke2 » Thu Apr 05, 2018 9:38 am

fehro wrote:/ES 15m.. fwiw.. minor H&S … mind a retrace to yellow triangle.. key area… SPX 200d SMA key to the downside.. 20d.50d to the insane upside move.


like both of these to play out, yesterday's move, back peddle on tariffs, jamie dimon saying all real peachy for banks, has me leaning toward the insane in due time, still enuff short juice...but 2666ish level will provide resistance pull back but become new floor once they rocket over it?....
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Re: 04/05/2018 Live Update

Postby Daniel » Thu Apr 05, 2018 9:52 am

SPY 264.35, yest high, next point of reference.
QQQ yest high was 160.23, today's low so far 160.27
Last edited by Daniel on Thu Apr 05, 2018 10:02 am, edited 1 time in total.
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Re: 04/05/2018 Live Update

Postby Trades with cats » Thu Apr 05, 2018 9:55 am

Untitled.gif
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Re: 04/05/2018 Live Update

Postby Al_Dente » Thu Apr 05, 2018 10:00 am

big tech, daily
45tech day.png
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Re: 04/05/2018 Live Update

Postby Trades with cats » Thu Apr 05, 2018 10:02 am

ES 06-18 (60 Minute) 2018_04_05.png

Bill's Morning Porridge from London at Zerohedge today he said the firm's technician told him yesterday was just a squeeze and the 'tell' was the relatively light volume. So here is one hour relative volume compared to a 20 day moving average. This chart is big enough I could do the 40 day or if anyone thinks it would make a difference the hour by day of the week for 8 weeks. That is the volume compared to the prior 8 Wednesdays.
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Re: 04/05/2018 Live Update

Postby Al_Dente » Thu Apr 05, 2018 10:03 am

AD Bull:
NY advancing stocks = 2.1 x declining stocks
NY advancing volume = 2.9 x declining volume

Nasdaq advancing stocks = 1.5 x declining stocks (weak, narrow based rally/squeeze on the nas)
Nasdaq advancing volume = 2.7 x declining volume
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Re: 04/05/2018 Live Update

Postby Daniel » Thu Apr 05, 2018 10:06 am

SPY drawing RS today from its energy components. XLE up 1.5%.
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Re: 04/05/2018 Live Update

Postby Cobra » Thu Apr 05, 2018 10:09 am


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Re: 04/05/2018 Live Update

Postby Cobra » Thu Apr 05, 2018 10:10 am

it's morning hourly filled black bar. the implication is on the top left of the chart itself.
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Re: 04/05/2018 Live Update

Postby Al_Dente » Thu Apr 05, 2018 10:10 am

[Kudlow, this morning at WH, paraphrased]
Both countries put out proposals
Nothing enacted yet
We’re gonna put it out for comment for a couple months
[blmbrg interviewer opines: this could go on F O R E V E R]
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Re: 04/05/2018 Live Update

Postby Cobra » Thu Apr 05, 2018 10:11 am

bias is up
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Re: 04/05/2018 Live Update

Postby Trades with cats » Thu Apr 05, 2018 10:13 am

Strong part of the week for energy. Estimated inventory and production level reports are safely in the rear view mirror and the only semifactual numbers coming up are Friday's rig count and you have to lag that by months. We will see next week after the COT gets digested if the Hedge Funds are adding or easing their essentially record long positions.
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Re: 04/05/2018 Live Update

Postby te_fern » Thu Apr 05, 2018 10:15 am

TICKs look like they need a little pull back...
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Re: 04/05/2018 Live Update

Postby Daniel » Thu Apr 05, 2018 10:19 am

SPY, IWM both straddling VWAP so far this AM, but QQQ has not had a 5min bar close above VWAP since the first 10 minutes of the session.
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Re: 04/05/2018 Live Update

Postby Daniel » Thu Apr 05, 2018 10:26 am

IBB, XBI fresh lod, both down over 1%.
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Re: 04/05/2018 Live Update

Postby Trades with cats » Thu Apr 05, 2018 10:32 am

QQQ don't get it, wire service this morning talking about Amazon about to land 10 billion contract with Department of Defense for cloud services, that is their 50% margin bright spot in their business. :?
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Re: 04/05/2018 Live Update

Postby Daniel » Thu Apr 05, 2018 10:34 am

Of the majors, only DIA is trading above its OR-30; all the others are still in that range.
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