04/25/2018 Live Update

[Daniel]

SLV, GDXJ both down 1%
If GLD were to close right here (125.35) it would be the lowest close since mid-late March.

[Daniel]

"A rally into the close with a finish at the highs hasn’t happened since early April, and only a couple of times in March." -H.Meisler

[Trades with cats]

ES not staying above overnight high. It is time for the Ramp Express so I dare not call it a failed breakout yet, but it is still possible for a sell into the close. My guess is the ETFs got retail withdraws today when the market did not make a heroic recovery.

[fehro]

bears and bulls patterns for the close

[Trades with cats]

All the big names who have reported good quarters but scaled back future guidance have been whacked by the market. Anybody willing to bet that Apple will be any different UNLESS Cook can say he is stealing the DOD contract from Amazon.

[Daniel]

SMH is in danger of its second consecutive close below its 200day sma.

[K447]

... stealing the DOD contract from Amazon.

How is that even a talking point?

Apple is not in the third party cloud services rental business.

[Trades with cats]

Glad to know I am not the only one!
From Coolbizone the wave counters twitter just now-
"Market is always a challenge and never certain for its future moves. This up move so far is an O/lapping mess, it could be just a Wave (iv) up and another (v) down below 2612.67 to come yet? Sold long trades . Wait for clarity?"

Earlier he had given up on the sell off because it had not made a five wave formation.

[Daniel]

"A rally into the close with a finish at the highs hasn’t happened since early April, and only a couple of times in March." -H.Meisler

..and lookin like it aint gonna happen again today.

[Trades with cats]

Sorry, I could not think of another reason why Cook was at the White House. They do have a long history of retail cloud storage but I am sure you are correct not commercial size like Amazon, Google, Microsoft and the dozens of smaller competitors.

[Daniel]

QQQ still struggling to get above its earlier HOD.

Perfect double top day in QQQ, as this upmove ended only 3 cents higher and immed'ly began to cave in.

[K447]

... another reason why Cook was at the White House ...

Apple could be badly hurt by further escalation of China tarrifs and further anti-global trade changes.

[Trades with cats]

VWAP about two points below the bottom of this drop, confident it will be touched by 4:05 Eastern.

[fehro]

All the big names who have reported good quarters but scaled back future guidance have been whacked by the market. Anybody willing to bet that Apple will be any different UNLESS Cook can say he is stealing the DOD contract from Amazon.

charts looks sick weekly /daily … wag… miss.. mind the open gap AAPL Daily <200d again. barely can hold 50w SMA

[Trades with cats]

Totally agree Apple is in the trade war cross hairs but that doesn't explain an invite to a state dinner where all the Capital Democrats were shunned especially as Cook sure wasn't a Trump supporter. Something has to be up.

[Cobra]

members only update at 3:55 pm
http://www.cobrasmarketview.com/2018/04 ... ay-update/

[Cobra]

well, guess that's it for today. Thursday tomorrow has been generally bull friendly. 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

[Trades with cats]

Well I got the after four dead wrong. Vertical ramp back to the 3:00 highs in 5 minutes. Strange end of day.

[Trades with cats]