04/25/2018 Live Update

[Daniel]

"price scale code of 5" WTF does that mean?

It means that UUP (high today 23.96) has not been above 24 since mid-January, and one should never take their eyes off the dollar.

[Al_Dente]

"... suspended for the balance of the trading day. Any open orders in these securities will be cancelled."
https://www.nyse.com/market-status/history#110000092866

[Daniel]

TLT bear-flagging around its intraday low of 117; curr at 117.30

LQD (hi-grade corporates) is AT its lod, with multiple touches...

XLE flat on day, USO selling off the past half hour.

[fehro]

TLT bear-flagging around its intraday low of 117; curr at 117.30

LQD (hi-grade corporates) is AT its lod, with multiple touches...

[Daniel]

Thank you Fehro, my point exactly.


--The question is whether rates are ready to "continue to normalize"; and whether that process will proceed rapidly--or with headspinning rapidity. I see these as the only two options, based on the assumption that 'normalize' and 'inevitable' are synonyms.

[Daniel]

Dr. Copper's opinion of the whole situation is that it is quite comfortable to be selling at about the same price per unit as it was last November, with said price sitting right on its 50day MA. $COPPER is on a weak momo buy signal.

None of this portends econo-weakness. Neither does the recent strength in the Aussie dollar, which tends to mirror Asian econo-strength.

[Al_Dente]

AD
Bear bias is still strong enough to support a triple digit down day, BUT ONLY IF IT CONTINUES STRONG
NY advancing stocks = 0.48 x declining stocks
NY advancing volume = 0.52 x declining volume
NY declining stocks = 2.0 x advancing stocks
NY declining volume = 1.9 x advancing volume

NY declining stocks = 2.2 x advancing stocks
NY declining volume = 2.0 x advancing volume

bears suck
NY declining stocks = 1.5 x advancing stocks
NY declining volume = 1.2 x advancing volume

[fehro]

/CL goes, AAPL goes.. indexes go /CL at resistance with SPX

[fehro]

And finally, perhaps most ominously of all, the flow during those last 30 minutes has turned drastically more bearish in the last few weeks... diverging very negatively from the manufactured price action of the underlying index....

https://www.zerohedge.com/news/2018-04- ... st-30-mins

[fehro]

…..
bears suck
NY declining stocks = 1.5 x advancing stocks
NY declining volume = 1.2 x advancing volume

maybe need to wait for the last 30mins..

And finally, perhaps most ominously of all, the flow during those last 30 minutes has turned drastically more bearish in the last few weeks... diverging very negatively from the manufactured price action of the underlying index....

https://www.zerohedge.com/news/2018-04- ... st-30-mins

[Al_Dente]

https://www.zerohedge.com/news/2018-04- ... st-30-mins

maybe need to wait for the last 30mins..

great link thanks boss

[te_fern]

Is the VIX rolling over??

[fehro]

/CL goes, AAPL goes.. indexes go /CL at resistance with SPX

triangle still there.. bulls hold it here .. have hope.. otherwise a broken triangle .. will find out in the last 30m

[Trades with cats]

VIX, Copper, Oil are all the same in that there is actual use and a market but at the same time there is massive speculation and manipulation. Makes for an interesting dynamic right out of game theory. When is VIX telling the truth about markets and when is it lying (false directions due to rampant speculation).

[fehro]

bears and bulls patterns for the close

[Al_Dente]

lots of hammers on the dailies

[Trades with cats]

Breakout tested the overnight high, can't get above it yet. Price 13 points above VWAP is a potential set up for a sell down into the close.

[Cobra]

target met. this bull may still have legs.

[Al_Dente]

HAPPY HOUR

[Daniel]

QQQ still struggling to get above its earlier HOD.