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04/24/2018 Live Update

fehro
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Re: 04/24/2018 Live Update

Post by fehro »

SPX 200d 2607.05 just 12 points lower
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fehro
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Re: 04/24/2018 Live Update

Post by fehro »

SPX
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Al_Dente
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Re: 04/24/2018 Live Update

Post by Al_Dente »

stealth covering has started
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 04/24/2018 Live Update

Post by Al_Dente »

Blmbrg: blaming it all on CAT
This quarter EPS is/will be as good as it gets
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 04/24/2018 Live Update

Post by Cobra »

mini target is not enough now, need at least break above the ema20 first.
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tonghu
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Re: 04/24/2018 Live Update

Post by tonghu »

happy hour starts early today
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Al_Dente
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Re: 04/24/2018 Live Update

Post by Al_Dente »

tonghu wrote:happy hour starts early today
girl bear.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Wallstreetrader
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Re: 04/24/2018 Live Update

Post by Wallstreetrader »

Mark Zuckerberg is revenging :mrgreen:
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Al_Dente
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Re: 04/24/2018 Live Update

Post by Al_Dente »

daytradingES wrote:Does someone have a symbol for the "FANG index"

https://www.zerohedge.com/sites/default ... -29-27.jpg
More than fang
Internet:
FDN
PNQI
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
crawford glissadevil
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Re: 04/24/2018 Live Update

Post by crawford glissadevil »

QED wrote:
crawford glissadevil wrote:Bias down for a few days.

Just completed "B wave flat" up, of (A (ABC ) wave down )of larger E wave in the Triangle which as been unfolding since the ATH' . Now, about to go into a C wave down followed by one wave UP (B of ABC of E Triangle) then a final (C of ABC of E Triangle) push toward the Feb and April lows. 8-)
crawford glissadevil, can you post a chart? If so, thanks!
I apologize. I chart by hand. I'm an old guy. Been trading since the early 80's. I am computer handicapped. However, I believe 2717 was the apex of the D wave of the Descending triagle. Triangles move in an 3 waves. We are in the middle of the 1st wave down. I expect a significant B wave up (shorting opportunity), followed by a final C wave down completing the Triangle. I wouldn't be surprised if some bad news accompanies the E wave down.

Personally, I expect the E wave to overshoot the Feb lows. Because that would cause the most confusion and pain.
1. Some folks will think the triangle is morphing into a larger Zig Zag to deeper lows.
2. Some folks will believe the final E wave of the Triangle is the completion of the entire correction from late Jan. And the Market will move in a large wave up to the 3300~ area.
3. It's possible that the Triangle could move further sideways, eating up time, into F,G,H, and I waves.
4 Some folks will believe the Triangle was the 1st wave of a larger 3 wave big Bear.

Me? I think scenarios, from most likely to least likely are 2>1>3>4. I think the Big Bear correction is the LEAST Likely scenario. However, I'll wait and see what the market tells me. 8-)
Trades with cats
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Re: 04/24/2018 Live Update

Post by Trades with cats »

https://www.zerohedge.com/news/2018-04- ... turn-weeks

Compare and contrast with Bob Pisani's piece a week or two ago where he was claiming buyback blackouts are an urban myth. :)
So who do you believe, the evil squid or the carnival barker?
Trades with cats
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Re: 04/24/2018 Live Update

Post by Trades with cats »

Blame CAT? How about blaming the Apple supply chain and what we are learning about Zuckerberg lying again to Congress. Today we learn stolen stuff is still advertised on his service and the Cambridge expert is crying fowl saying they are trying to scapegoat him when there is a ton of other apps out there that do the same thing. I think today was the Bridgewater type funds reacting to stock and bond prices.
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MrMiyagi
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Post by MrMiyagi »

Trades with cats wrote:Blame CAT? How about blaming the Apple supply chain and what we are learning about Zuckerberg lying again to Congress. Today we learn stolen stuff is still advertised on his service and the Cambridge expert is crying fowl saying they are trying to scapegoat him when there is a ton of other apps out there that do the same thing. I think today was the Bridgewater type funds reacting to stock and bond prices.
In three weeks all those words will be forgotten.
Trades with cats
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Re: 04/24/2018 Live Update

Post by Trades with cats »

target chart.jpg
Remember this one? It was to tell us when Risk Parity funds start cutting leverage.
fehro
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Re: 04/24/2018 Live Update

Post by fehro »

SPX.. mind the 200d SMA.. close on it.. otherwise.. we gap down under it…not good… that's how 1987 crash opened… a gap under 200d SMA .. :roll:
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Cobra
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Re: 04/24/2018 Live Update

Post by Cobra »

double bottom text book target. generally shouldn't 100% fulfill then should be at least another down to test day low the only problem is close is near.
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Trades with cats
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Re: 04/24/2018 Live Update

Post by Trades with cats »

Once again the double bottom has worked it's magic. I am sticking with my story that today was all about deleveraging. Things have remained orderly and, at least to me, there weren't any major panic drops.
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MrMiyagi
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Post by MrMiyagi »

SPY tagged intraday 10-min 20-ema at $263.25, don't think it goes any higher.
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Cobra
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Re: 04/24/2018 Live Update

Post by Cobra »

down huge today, but NYSE down volume to up volume ratio is less than 2, are you kidding me?
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MrMiyagi
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Post by MrMiyagi »

Cobra wrote:down huge today, but NYSE down volume to up volume ratio is less than 2, are you kidding me?
Yeah NYMO didn't get past -27 and NYDEC topped at 2107. Heavier-weighted components doing all the puking, like fat chicks.
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