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02/04/2019 Live Update

02/04/2019 Live Update

Postby Cobra » Mon Feb 04, 2019 10:23 am

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consolidation since Feb 1 so maybe bias still is a little up.
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Re: 02/04/2019 Live Update

Postby Cobra » Mon Feb 04, 2019 10:26 am


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Re: 02/04/2019 Live Update

Postby JFR » Mon Feb 04, 2019 10:29 am

The market opens down slightly from Friday's high. Above the previous base and pulling back.


2019-02-04_0501_001.png
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Re: 02/04/2019 Live Update

Postby JFR » Mon Feb 04, 2019 10:33 am

Some wild gyrations at the open. Time to check some positions.


2019-02-04_0634.png
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Re: 02/04/2019 Live Update

Postby JFR » Mon Feb 04, 2019 10:42 am

Oil down. Dollar up.


2019-02-04_0641.png
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Re: 02/04/2019 Live Update

Postby Cobra » Mon Feb 04, 2019 11:01 am


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Re: 02/04/2019 Live Update

Postby te_fern » Mon Feb 04, 2019 11:04 am

Needs to break yesterday's low to get something going to the downside....
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Re: 02/04/2019 Live Update

Postby Cobra » Mon Feb 04, 2019 11:05 am

likely a boring range day.
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Re: 02/04/2019 Live Update

Postby te_fern » Mon Feb 04, 2019 11:18 am

Watching this triangle....
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Re: 02/04/2019 Live Update

Postby Al_Dente » Mon Feb 04, 2019 12:18 pm

The purple-dashed-vertical line marks last October’s high, approximately.
Q: Who signaled early (via negative divergence) just prior to last October’s high ?
A: The internet (pink), semiconductors (gray), smalls (cyan), and banks (red). Historically these have usually been “leaders”.

Q: Who is signaling a turn (via negative divergence) NOW ?
A: Nobody yet.
(Chart is as of Friday’s close)
23leaders.png.png
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Re: 02/04/2019 Live Update

Postby te_fern » Mon Feb 04, 2019 12:22 pm

Al_Dente wrote:The purple-dashed-vertical line marks last October’s high, approximately.
Q: Who signaled early (via negative divergence) just prior to last October’s high ?
A: The internet (pink), semiconductors (gray), smalls (cyan), and banks (red). Historically these have usually been “leaders”.

Q: Who is signaling a turn (via negative divergence) NOW ?
A: Nobody yet.
(Chart is as of Friday’s close)
23leaders.png.png


Nice chart and analysis, please let us know when these 'leaders' turn!! thanks Boss!
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Re: 02/04/2019 Live Update

Postby Al_Dente » Mon Feb 04, 2019 12:27 pm

te_fern wrote:........Nice chart and analysis, please let us know when these 'leaders' turn!! thanks Boss!

:D
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Re: 02/04/2019 Live Update

Postby Cobra » Mon Feb 04, 2019 1:09 pm


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Re: 02/04/2019 Live Update

Postby Cobra » Mon Feb 04, 2019 1:11 pm

bulls are stronger than I thought but until decisively breaks above the Friday's high, it's still a range day. and don't remember, those days, bulls can only make one intraday high after that they can never recover all the pullbacks.
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Re: 02/04/2019 Live Update

Postby Trades with cats » Mon Feb 04, 2019 1:15 pm

From The Wall Street Journal's Market Watch via twitter
"Crypto exchange customers can’t access $190 million after CEO dies with sole password
"
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Re: 02/04/2019 Live Update

Postby Trades with cats » Mon Feb 04, 2019 2:38 pm

ES 03-19 (2 Renko) 2019_02_04 (11_35_21 AM).png

2 tick renko bars make a tighter channel! In real time doesn't look nearly so organized.
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Re: 02/04/2019 Live Update

Postby Al_Dente » Mon Feb 04, 2019 2:50 pm

We already know about the dove-FED put, wherein folks feel comfortable about buying above ~2660
And we know that shorts have been covering all the way up this leg
And we know the 401k deposits are kicking in

But here’s another note to ponder, regarding all those BUYERS
Say the December drop was partially due to tax-loss selling
Fact: the “Wash Sale” rule is 30 days after the sale
SO, ON 2/1 OR EARLIER (depends on when you sold in December), YOU CAN BUY YOUR STUFF BACK (after wash sale deadlines finish),
or you can buy “similar ones” immediately.
[DataTrekResearch via zh)
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Re: 02/04/2019 Live Update

Postby Cobra » Mon Feb 04, 2019 3:16 pm

valid breakout but probably a pullback first then we'll see.
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Re: 02/04/2019 Live Update

Postby Cobra » Mon Feb 04, 2019 3:57 pm

h2 long. anyway, the pullback probably will be bought around ema20 if not already being bought.
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Re: 02/04/2019 Live Update

Postby Al_Dente » Mon Feb 04, 2019 4:00 pm

HAPPY HOUR
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