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04/05/2018 Live Update

Re: 04/05/2018 Live Update

Postby Al_Dente » Thu Apr 05, 2018 11:26 am

thanks for that link cats :D
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Re: 04/05/2018 Live Update

Postby Al_Dente » Thu Apr 05, 2018 11:33 am

last ten days %
dow (lime) leads the majors
45ten days.png.png
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Re: 04/05/2018 Live Update

Postby Daniel » Thu Apr 05, 2018 11:35 am

IWM, SPY challenging the Mar 27 opening gap and crap highs.
UUP challenging its late Feb high.
Last edited by Daniel on Thu Apr 05, 2018 11:39 am, edited 1 time in total.
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Re: 04/05/2018 Live Update

Postby fehro » Thu Apr 05, 2018 11:38 am

SPX 20d 2686 mind the upper open gap testing previous highes here 2674ish
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Re: 04/05/2018 Live Update

Postby Cobra » Thu Apr 05, 2018 11:39 am

this bull shall have legs. likely another uptrend day.
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Re: 04/05/2018 Live Update

Postby daytradingES » Thu Apr 05, 2018 11:47 am

daytradingES wrote:going for 2671.25?


HOD 2672 dif 0.75
Good trading to all
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Re: 04/05/2018 Live Update

Postby Cobra » Thu Apr 05, 2018 11:57 am


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Re: 04/05/2018 Live Update

Postby te_fern » Thu Apr 05, 2018 11:58 am

R1 pivot holding things back...
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Re: 04/05/2018 Live Update

Postby Al_Dente » Thu Apr 05, 2018 12:01 pm

Al_Dente wrote: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

NY advancing stocks = 2.7 x declining stocks
NY advancing volume = 6 x declining volume

Nasdaq advancing stocks = 1.9 x declining stocks
Nasdaq advancing volume = 2.4 x declining volume
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Re: 04/05/2018 Live Update

Postby Al_Dente » Thu Apr 05, 2018 12:16 pm

Folks have been parking cash/proceeds in short-term treasurys for about a month.
SHY (top panel) is like a treasury-money market, a “parking place” for funds awaiting serious investment.
Equity bulls see this as “dry powder” funds available to move back into stocks.

45shy.png.png
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Re: 04/05/2018 Live Update

Postby Cobra » Thu Apr 05, 2018 12:22 pm

the pullback will be bought probably around here.
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Re: 04/05/2018 Live Update

Postby Al_Dente » Thu Apr 05, 2018 12:26 pm

Thinking out loud:
They don’t even need Corporate Buybacks in the current scenario:
Obviously many/most were short
Ooooops, gotta cover
Buy-to-cover (short squeeze)

When will the covering be over?
mmmmm, we'll see it when the squeeze rally relaxes/plateaus/reverses/ends…
Last edited by Al_Dente on Thu Apr 05, 2018 12:31 pm, edited 1 time in total.
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Re: 04/05/2018 Live Update

Postby fehro » Thu Apr 05, 2018 12:26 pm

fehro wrote:SPX 20d 2686 mind the upper open gap testing previous highes here 2674ish



RUT stalls at 50d SMA .. QQQs, NDX weak… SPX eases at key area 2665- 2675 mind the morning gaps..
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Re: 04/05/2018 Live Update

Postby Al_Dente » Thu Apr 05, 2018 12:56 pm

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Re: 04/05/2018 Live Update

Postby Al_Dente » Thu Apr 05, 2018 1:50 pm

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Re: 04/05/2018 Live Update

Postby Daniel » Thu Apr 05, 2018 1:53 pm

Al_Dente wrote:Day Trading
time-of-day
https://vantagepointtrading.com/time-of ... -patterns/

A well-thought out article by Mr. Mitchell. Bespoke, in their premium service, does alot of updating of trailing current Time of Day tendencies.
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Re: 04/05/2018 Live Update

Postby Trades with cats » Thu Apr 05, 2018 2:07 pm

Market looking for buyers, clearly found some inside yesterday's range. But not enough to clear Mid/VWAP yet. My guess is a do over is on the agenda later this afternoon.
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Re: 04/05/2018 Live Update

Postby Daniel » Thu Apr 05, 2018 2:07 pm

Longer-term 'recency bias' is telling the Market Mind that breakouts should build on themselves. But these recent (relatively) sharp sudden declines over the past weeks has created a level of "overhead supply" such as hasn't existed for awhile. Price on SPY and on QQQ keeps running into somebody's fib-retrace level, or pivot point, or trendline...and then suddenly stops.

However, earnings season should be a good one. Bsn optimism studies portend this. And the market cannot be said to have fully discounted this possibility, not when it's clinging to its 200day MA. So it may turn out to be a choppy 3 steps up, 2 back, for the next couple weeks... but overall a positive earnings-driven uptrend.
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Re: 04/05/2018 Live Update

Postby victorm » Thu Apr 05, 2018 2:15 pm

I used this pattern for some years, just for day trading to earn some money. Usually not more then 15% of all account. It's arr 15-20k and quite easy to make some 300-400$ with this ammount, But core account is on trend and only for a swings.
Also, this pattern is good for stocks but for pr metals pattern should be adjusted as it rarely works.

P.S. sorry, it's for Daniel article post
Last edited by victorm on Thu Apr 05, 2018 2:19 pm, edited 1 time in total.
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Re: 04/05/2018 Live Update

Postby Al_Dente » Thu Apr 05, 2018 2:17 pm

These 8 stocks are responsible for virtually ALL of the dow-30 advance at the moment
BA, CVX, GS, MCD, CAT, AAPL, DWDP and JPM
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