04/20/2018 Live Update

[fehro]

SPX .. should we flush into the close… lower cyan

[Al_Dente]

WEEK AT A GLANCE
(a bit before the close)

[Al_Dente]

.............Anywho, its still a long way down to the bottom of the giraffe's throat
(that's for the chuckle Al!)

[Daniel]

AAPL daily bar had 5 touches of the 164-66 area in late Mar early April. Also the area of the 200day sma. Price is currently there now. This may be a support area again.

[fehro]

not pretty 20d SMAs

[crawford glissadevil]

Looking like, as Ferho suggested, Friday's close is a very real possibility. Even if a little of that gap is left open it will, as has been said, make a really great Doji on the weekly. Even the worst pension fund manager should be able to read that in time for month end re-balancing.

Very bearish on daily cpuld be algo descending triangle...

Bearish shooting star on the weekly. Mr. Green's desending triangle could be in play. If so, the triangle's E wave started downward Wednesday afternoon. If the "entire correction" from January were to end next week... on a lower weekly candle, That would make a Fibonacci 13-week correction.

[Daniel]

.............Anywho, its still a long way down to the bottom of the giraffe's throat
(that's for the chuckle Al!)

A more profound question might be, how long would it take for a chuckle to reach from the bottom of a giraffe throat to its lips? (Or maybe that would be even sillier. Hard to say, it has been a long market-week.)

[fehro]

AAPL daily bar had 5 touches of the 164-66 area in late Mar early April. Also the area of the 200day sma. Price is currently there now. This may be a support area again.

AAPL <200d look to 50w 162.75 in a fast move

[Cobra]

mini target required again, it doesn't matter now because close is near.

[Daniel]

GLD, TLT both down ca 3/4 of 1%... neither of these is proving a "safe haven" today.

[Trades with cats]

It's the get outta Dodge for the weekend short covering close.

[Trades with cats]

With Apple earnings in a week, my question would be how many days trading would it take to liquidate 20% of the hedge fund positions in the stock.

[victorm]

GLD, TLT both down ca 3/4 of 1%... neither of these is proving a "safe haven" today.

junior miners holding well, anticipating up move in gold. Let see Apr 26 Shanghai trading oil, could be big jump in gold...

[fehro]

SPX .. should we flush into the close… lower cyan

resetting yellow key level 2665 triangle .. still iffy.. look to flush to fill gap on stall

[victorm]

Finally decided to sell HVI.TO (inverted VIX) as you know it's will be delisted soon. Total loss 13k , bastards, can do whatever they want...
Good week trading in general arr 1.5k profit
GL to all

[Trades with cats]

Look at last Friday, not as bad but still pretty bad, and they managed a 20 point gap up open on Monday.

[Daniel]

junior miners holding well, anticipating up move in gold.

Hard to know what to make of this comment, victorm... in that GDXJ is currently down over 1.5% on the day... but is pulling back from a multi-day run to a new multi-month high. So I guess a good response would be YES and NO.

[fehro]

junior miners holding well, anticipating up move in gold.

Hard to know what to make of this comment, victorm... in that GDXJ is currently down over 1.5% on the day... but is pulling back from a multi-day run to a new multi-month high. So I guess a good response would be YES and NO.

USdollar breaks out.. looking for possible a lot of pain in gold.

[Cobra]

members only update at 3:53 pm
http://www.cobrasmarketview.com/2018/04 ... ay-update/

[Cobra]

well, guess that's it for today. Monday has been mixed. thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp