Back to www.cobrasmarketview.com

04/19/2018 Live Update

ccash04
Posts: 397
Joined: Wed Jul 13, 2011 9:20 am

Re: 04/19/2018 Live Update

Post by ccash04 »

Daniel wrote:This is a wierd day sector-wise. Abnormal correlations.

As ccash04 noted earlier, semis are getting crushed. And this was the Opening Report from Briefing.com:

"Most S&P sectors are in the red, with consumer staples (-2.5%) pacing the retreat. Within the group Dow component Procter & Gamble (PG 74.87, -2.61) is down 3.4% despite reporting above-consensus Q1 earnings, and tobacco giant Philip Morris (PM 87.49, -13.67) has plunged 13.6% after missing Q1 revenue estimates."

Odd pairing, the aggressive semis and the 'defensive' staples sector.

:|
I think this is why it feels like a range day on the indices. Even mega-tech companies, AMZN is flying and AAPL is pooping the bed (reason why semis are down).

Bonds is where they fireworks are today. TNX grinding higher towards 3%
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 04/19/2018 Live Update

Post by Daniel »

Everyone on Wall Street is looking at Al Dente's blue box. TNX is proving very resilient.

However, for today, both XLF and DJUSFN (Dow Jones U.S. Financials Index) are backing off their most recent intraday highs. Hard to know which is the leading and which is the lagging, but XLF etal and the yield trend are closely correlated, and moves are most reliable when their messages are congruent, and inverse. :)
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 04/19/2018 Live Update

Post by fehro »

ding ding.. almost there 50d SPX 2687 :roll: .. still looking for gap fill .. may bounce here at 50d minor divg indexes
Attachments
Screen Shot 2018-04-19 at 8.55.19 AM.png
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 04/19/2018 Live Update

Post by Al_Dente »

Ouch NYAD just broke to a lower low -1098
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 04/19/2018 Live Update

Post by te_fern »

Broke the support line. I took a stab with a short ETF....
Attachments
SPX.PNG
This is not investment or trade advice.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/19/2018 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Wallstreetrader
Posts: 975
Joined: Thu Mar 17, 2011 12:00 pm

Re: 04/19/2018 Live Update

Post by Wallstreetrader »

Someone cut the light to the autoboots :mrgreen:
Attachments
d8cb8a5155b01859a06f06.jpg
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 04/19/2018 Live Update

Post by fehro »

fehro wrote:
fehro wrote:mind H&S on /ES 5m IF we RS here minor bounce.. the low here / neckline .. goes.. look to -26 points from here..
maybe -30
nears pink uptrend support on 50d SMA as well
Attachments
Screen Shot 2018-04-19 at 9.26.30 AM.png
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 04/19/2018 Live Update

Post by Al_Dente »

AAPL weighting update:
4/18/18 AAPL is 11.5% of QQQ (#2 is MSFT at 9.53%, #3 is AMZN at 9.49%)
4/18/18 AAPL is 3.9% of SPY (#2 is MSFT at 3.2%, #3 is AMZN at 2.66%)
4/18/18 AAPL is 4.95% of the dow (its #6 heaviest weight)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 04/19/2018 Live Update

Post by Al_Dente »

QQQ: TOP TEN WEIGHTED STOCKS
as of 4/18
Apple 11.58%
Microsoft 9.49%
Amazon 9.53%
GOOG 4.81% and GOOGL 4.12% (together 8.93%)
Facebook 5.12%
Intel 3.21%
Cisco 2.76%
Comcast 1.98%
Netflix 1.86%
Nvidia 1.84%
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/19/2018 Live Update

Post by Cobra »

maybe the rebound would be sold?
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 04/19/2018 Live Update

Post by Al_Dente »

Dow stock AXP hit an ATH today :o
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 04/19/2018 Live Update

Post by Al_Dente »

Al_Dente wrote:AD: plenty of stocks down, but selling volume is weak
419ad.png.png
Selling volume picks up
NY declining stocks = 3.0 x advancing stocks
NY declining volume = 2.3 x advancing volume
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 04/19/2018 Live Update

Post by Al_Dente »

Al_Dente wrote:Ouch NYAD just broke to a lower low -1098
-1446
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 04/19/2018 Live Update

Post by fehro »

SPX INDU <50d .. look to 20d … COMPQ NDX near 50d .. SPX loose Tues gap.. look to Mon gap.. 2665/75 that goes.. all bets are off look to 200d :roll:
Attachments
Screen Shot 2018-04-19 at 10.29.05 AM.png
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 04/19/2018 Live Update

Post by fehro »

fehro wrote:SPX INDU <50d .. look to 20d … COMPQ NDX near 50d .. SPX loose Tues gap.. look to Mon gap.. 2665/75 that goes.. all bets are off look to 200d :roll:
watch for possible H&S :roll: for uber bears same pattern possible SPY 4 day 5m.. we bounce here RS to 268.95
Attachments
Screen_Shot_2018-04-19_at_10_29_05_AM.png
Wallstreetrader
Posts: 975
Joined: Thu Mar 17, 2011 12:00 pm

Re: 04/19/2018 Live Update

Post by Wallstreetrader »

Ihs neckline sucessfuly tested ?
brokebybernacke2
Posts: 1955
Joined: Wed Sep 21, 2011 10:10 am

Re: 04/19/2018 Live Update

Post by brokebybernacke2 »

the "third rail" would trigger algo madness, bear dream inches closer... 10 yr look long term, get back in your channel!
Attachments
10-year-treasury-bond-rate-yield-chart-2018-04-19-macrotrends (1).png
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 04/19/2018 Live Update

Post by Daniel »

Construction and Housing economy is doing just fine.
$LUMBER hit a fresh multi-year high yesterday.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 04/19/2018 Live Update

Post by Daniel »

QQQ and SPY both bounced off their (downslope) upper Bollyband yest. Like syncronized swimmers. With today (so far) showing no sign of a snapback rally, the general course of movement is to the midline of the bands (20day MA)... and then price decides whether it has corrected, or needs to fully extend to the lower band.

We are still north of the (also downslope) 20day.
Post Reply