04/06/2020 Live Update

[Cobra]

The pullback should be bought

[JFR]

GLD. "Thar's gold in them thar hills."

[Al_Dente]

dr. fauci.png.png (180.97 KiB) Viewed 2540 times

[Al_Dente]

Old news by now:
"The Federal Reserve on Monday [today] said it was setting up a facility to create a secondary market for loans from the Paycheck Protection program started late last week. In a statement, the Fed said it would lend against the loans from the new small business lending program."
[Large type because that is large news]

[Al_Dente]

Boris Johnson taken into intensive care
transferred power to Foreign Secretary Dominic Raab

[Cobra]

Don't like this, the 2 bars bars were too strong. Hopefully it doesn't mean large pullback

[Heck]

Sold UPRO

Bought SPXU

Fun and games

[Heck]

$VIX Target + 351 %
From 43.65 to 196.9

Bears have four legs

[ccash04]

Break above 3/31 high, squeeze to close? Maybe 2,650?

[ccash04]

Wow huge candle.

[Cobra]

Members only update at 3:53 pm
http://www.cobrasmarketview.com/2020/04 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Tuesday looks like: https://stockcharts.com/public/1684859/ ... /533449374

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/ ... /533449374

[JFR]

SPY 5. ''To the Moon, Alice.''

[Al_Dente]

Happy happy news from the WH.
Sad news on the ground: “vehicles are lining up at the crack of dawn at food banks all across the United States….”
some wait up to 5 hours to get food.

[JFR]

... trading analysis from that earlier link shared (https://www.brookstradingcourse.com/mar ... ll-climax/) takes over, and I do believe we will hit 2700, and then 2800

Excellent stuff from Al Brooks. Thanks for sharing. I have 4 of his books, but it is easy to forget how good his analysis is. BTW, his books, imo, are not the easiest read.