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04/06/2018 Live Update

Re: 04/06/2018 Live Update

Postby Cobra » Fri Apr 06, 2018 2:12 pm

vol surge so maybe a rebound here first then we'll see.
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Re: 04/06/2018 Live Update

Postby Al_Dente » Fri Apr 06, 2018 2:19 pm

powell starts: dow down -369p
powell finishes: dow down -589p
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Re: 04/06/2018 Live Update

Postby Trades with cats » Fri Apr 06, 2018 2:22 pm

Powel sounded just like a career economist, now what they wanted. They wanted a panicked Fed ready to confirm Jim Bullard's earlier statement that rate increases could end right now. Bottom line Wall Street needs a low rate fix or it is hard detox.
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Re: 04/06/2018 Live Update

Postby fehro » Fri Apr 06, 2018 2:23 pm

some support here.. but we loose it next lines /ES near it's 200d sMA
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Re: 04/06/2018 Live Update

Postby mylock » Fri Apr 06, 2018 2:30 pm

What better place to park it for the weekend then the 200d SMA!!!! Keep us guessing for Monday.
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Re: 04/06/2018 Live Update

Postby fehro » Fri Apr 06, 2018 2:32 pm

mylock wrote:What better place to park it for the weekend then the 200d SMA!!!! Keep us guessing for Monday.


50w SMA would be worse guesses.. :roll: :lol: ;)
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Re: 04/06/2018 Live Update

Postby daytradingES » Fri Apr 06, 2018 2:34 pm

They "can't" make it to the line in-the-sand (2532.50) today, so I imagine they bounce it in the last 45 minutes and then they (US govt) will buy it Monday morning (if it is is at or below 2532.50). No doubt the Chinese will come out with a statement or two over the weekend to get some selling.
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Re: 04/06/2018 Live Update

Postby brokebybernacke2 » Fri Apr 06, 2018 2:35 pm

brokebybernacke2 wrote:
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....



Thanks Jerry!
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Re: 04/06/2018 Live Update

Postby Al_Dente » Fri Apr 06, 2018 2:41 pm

Al_Dente wrote:AD best bear reading of the day:
NY declining stocks = 4.1 x advancing stocks
NY declining volume = 7.3 x advancing volume

NY declining stocks = 5.3 x advancing stocks
NY declining volume = 11.4 x :o advancing volume
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Re: 04/06/2018 Live Update

Postby brokebybernacke2 » Fri Apr 06, 2018 2:45 pm

finally, lower weekly bolly 2548ish should be in play for a pierce , maybe not today, but weeks time, bulls have chances down there for real run
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Re: 04/06/2018 Live Update

Postby Trades with cats » Fri Apr 06, 2018 2:45 pm

ES 06-18 (2 Minute) 2018_04_06.png
2 minute chart
Trying for a bottom here, 6 point bounce and the two indicators I watch are rolling over. Moving outside the 2 deviation band from VWAP.
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Re: 04/06/2018 Live Update

Postby Trades with cats » Fri Apr 06, 2018 2:49 pm

Need to entice bears for a week then earnings kicks off on Friday. Would normally expect earnings "surprises" to kick start the squeeze. Market needs to drain the last bullish hedge fund dry before things can get really into crash mode. Pershing Square needs to be one of many.
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Re: 04/06/2018 Live Update

Postby Al_Dente » Fri Apr 06, 2018 2:57 pm

HAPPY HOUR
bear couch2.png.png
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Re: 04/06/2018 Live Update

Postby Al_Dente » Fri Apr 06, 2018 3:05 pm

WEEK AT A GLANCE (~ an hour early)
46week glance.png.png
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Re: 04/06/2018 Live Update

Postby Daniel » Fri Apr 06, 2018 3:10 pm

fehro wrote:abandoned baby bull trap.. mind that overnight low on the /ES .. sounds nuts .. but

..but maybe not so nuts. That adv/decline data is really bearish.

IBB really getting creamed, testing its Feb low.
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Re: 04/06/2018 Live Update

Postby Trades with cats » Fri Apr 06, 2018 3:12 pm

Teddy Valley just tweeted
"Since 1990 when the $SPX has lost more than 1.5% on a Friday, Monday saw a lower low 90/ 93x = 96.7%"

But I am not interested in holding over this weekend. The Chinese Govmn't will have something to say when their markets open Sunday evening New York time.
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Re: 04/06/2018 Live Update

Postby Trades with cats » Fri Apr 06, 2018 3:15 pm

VWAP at ES 2630, long ways away right now, doubt they make it.
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Re: 04/06/2018 Live Update

Postby daytradingES » Fri Apr 06, 2018 3:16 pm

Getting in the 45 min to the market close zone
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Re: 04/06/2018 Live Update

Postby Cobra » Fri Apr 06, 2018 3:18 pm

mini target, otherwise forget about bulls.
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Re: 04/06/2018 Live Update

Postby brokebybernacke2 » Fri Apr 06, 2018 3:24 pm

Trades with cats wrote:Teddy Valley just tweeted
"Since 1990 when the $SPX has lost more than 1.5% on a Friday, Monday saw a lower low 90/ 93x = 96.7%"

But I am not interested in holding over this weekend. The Chinese Govmn't will have something to say when their markets open Sunday evening New York time.


do expect a gap down monday , and then hover a bit around 2520-50 range next week. but wow on those odds....
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