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04/06/2018 Live Update

04/06/2018 Live Update

Postby Cobra » Fri Apr 06, 2018 9:20 am

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chart doesn't say up or down but my guess is up and up upon the open like Apr 4?
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Re: 04/06/2018 Live Update

Postby Cobra » Fri Apr 06, 2018 9:23 am


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Re: 04/06/2018 Live Update

Postby fehro » Fri Apr 06, 2018 9:29 am

SPX 200d key 2592.96 /ES mind 2617. 25
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Re: 04/06/2018 Live Update

Postby Daniel » Fri Apr 06, 2018 9:41 am

Price has been surging upward on SPY, QQQ, IWM... in line with Cobra's opening 'guess'... but Naz Up/Down vol is only 1:2 bullish, and advancers are lagging even worse... well under 1000. This feels like a high voltage low amperage recovery move.

Futures were down huge early in the overnite.
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Re: 04/06/2018 Live Update

Postby 1der » Fri Apr 06, 2018 9:43 am

AAPL has an unfilled PBar at 168.39 from a couple of days ago. Market is not going far if that PBar is calling AAPL. fwiw
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Re: 04/06/2018 Live Update

Postby Daniel » Fri Apr 06, 2018 9:45 am

IWM gap fill (sorta), other majors not close.

update Naz up/down vol still bearish, but improved to 2:3, and advancers still below 1000.
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Re: 04/06/2018 Live Update

Postby Daniel » Fri Apr 06, 2018 9:53 am

265 SPY has seemed to be a sticking point on various occasions past few weeks. Price is right there, now.

Looking out across the sector board, aint nobody too happy with the current state of affairs except Europe ETFs and the euro. They win a trade war btw US and China.
Also gold miners are up > 1%.
Defensives (XLU, XLP) are up small. Semis are cratering.
Last edited by Daniel on Fri Apr 06, 2018 10:03 am, edited 2 times in total.
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Re: 04/06/2018 Live Update

Postby fehro » Fri Apr 06, 2018 10:02 am

indexes struggle to fill gaps and move over MAs .. so far.. mind /ES oLOD to be tested
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Re: 04/06/2018 Live Update

Postby Cobra » Fri Apr 06, 2018 10:03 am


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Re: 04/06/2018 Live Update

Postby Cobra » Fri Apr 06, 2018 10:04 am

morning hourly hollow red. implication is on top left of the chart itself.
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Re: 04/06/2018 Live Update

Postby Daniel » Fri Apr 06, 2018 10:13 am

fehro wrote:indexes struggle to fill gaps and move over MAs .. so far..

Drat, Fehro, I was all set up for a sizeable commitment to a Fade the Fill entry on QQQ, given the relative weakness of the semis right off the get go.
But QQQ never reached my limit entry. :|
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Re: 04/06/2018 Live Update

Postby Daniel » Fri Apr 06, 2018 10:16 am

IWM, QQQ, SPY are all under their 15min 20emas, which have begun to mildly turn downward.
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Re: 04/06/2018 Live Update

Postby brokebybernacke2 » Fri Apr 06, 2018 10:18 am

Daniel wrote:265 SPY has seemed to be a sticking point on various occasions past few weeks. Price is right there, now.

Looking out across the sector board, aint nobody too happy with the current state of affairs except Europe ETFs and the euro. They win a trade war btw US and China.
Also gold miners are up > 1%.
Defensives (XLU, XLP) are up small. Semis are cratering.


yes. some trader talk about this top of range and moving the markets lower into earnings season (starts fri 13th..) - Powell chat this afternoon might move things....
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Re: 04/06/2018 Live Update

Postby fehro » Fri Apr 06, 2018 10:32 am

Daniel wrote:
fehro wrote:indexes struggle to fill gaps and move over MAs .. so far..

Drat, Fehro, I was all set up for a sizeable commitment to a Fade the Fill entry on QQQ, given the relative weakness of the semis right off the get go.
But QQQ never reached my limit entry. :|



interesting.. SPY never filled yesterday's gap.. so figured it will not fill todays… :roll: .. abandoned baby bull trap.. mind that overnight low on the /ES .. sounds nuts .. but ;)
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Re: 04/06/2018 Live Update

Postby te_fern » Fri Apr 06, 2018 10:32 am

TICKs are currently falling...
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Re: 04/06/2018 Live Update

Postby te_fern » Fri Apr 06, 2018 10:34 am

Been watching this small triangle. Bears seem to have the ball....
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Re: 04/06/2018 Live Update

Postby Al_Dente » Fri Apr 06, 2018 10:40 am

dow LOD
others near
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Re: 04/06/2018 Live Update

Postby te_fern » Fri Apr 06, 2018 10:58 am

Can the bulls stop the bleeding here....
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Re: 04/06/2018 Live Update

Postby victorm » Fri Apr 06, 2018 11:00 am

Let see what Fed Powell say at 1:30pm...
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Re: 04/06/2018 Live Update

Postby Trades with cats » Fri Apr 06, 2018 11:04 am

So we should be playing by FOMC rules as we move into the Chair Powell speech at 12:30 Central time from Chicago. It will be live on You Tube from the Economic Club of Chicago. Topic is the economic outlook. You know they would not be doing this if they thought the markets understood their plans, so clearly they are not happy with the market response. So buckle up and be ready for more turbulence.
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