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04/21/2020 Live Update

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JFR
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Re: 04/21/2020 Live Update

Post by JFR »

ES 5. Down to the EMA 20.

2020-04-21_0713.png
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Daniel
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Re: 04/21/2020 Live Update

Post by Daniel »

IYR closed yest right at its 20day ema. Today it gapped down well below it, and is down about -1.5%. JNK too gapped down, and is lower by about the same amount. JNK is barely staying above its 20day ema.

REITs and HiYield are two of the few areas where any shreds of income or yield can be found, and the appetite for them is enormous--so the current level of fear has to be even more enormous, for investors to stay away.

:|
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Al_Dente
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Re: 04/21/2020 Live Update

Post by Al_Dente »

This is a little bullish-island gap, followed within two days by a bearish-island gap
That’s rare
note options traders (1/VIX) behind price :o
note FANGs on top panel, broke the approximate 5dma (and so did SPX)
5m
421five.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Daniel
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Re: 04/21/2020 Live Update

Post by Daniel »

Al_Dente wrote:IYR chart......and the one Cobra tracks?
This one, in his chartbook: "1.M.0 IYR Daily"
https://stockcharts.com/public/1684859/ ... /585364111
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Al_Dente
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Re: 04/21/2020 Live Update

Post by Al_Dente »

April 9 the Fed announced they would buy Junk Bonds
Soooooo…….. where are they?
421hyg2.png.png
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JFR
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Re: 04/21/2020 Live Update

Post by JFR »

You lookin' for me? I like some of the ads on Cobra's site. Regarding Russian women online ... I'd rather not get involved with Russian mafia, as happened to a guy I know. Ha ha

2020-04-21_0728.png
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JFR
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Re: 04/21/2020 Live Update

Post by JFR »

ES 5. Pushing down beneath the EMA 20.

2020-04-21_0735.png
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Cobra
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Re: 04/21/2020 Live Update

Post by Cobra »

Now let's see whether bulls can make a double bottom here. Break down with strong bear bar in the next 5 to 6 bars then it's a downtrend day.
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BullBear52x
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Re: 04/21/2020 Live Update

Post by BullBear52x »

Market will not go down without fear, now the fear is lurking back again, be warned!
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Cobra
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Re: 04/21/2020 Live Update

Post by Cobra »

If you still are not sure whether it's a downtrend day, then the next couple of bars will be the 2nd chance to confirm. Strong rebound from here then some chances it'd be a range day, continue down the bulls are doomed for today until usually before the last hour.
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Heck
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Re: 04/21/2020 Live Update

Post by Heck »

New lows
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Al_Dente
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Re: 04/21/2020 Live Update

Post by Al_Dente »

ONE DAY
leveraged ETFs
Shocking to me that our mighty FANGs are leading down today (semis too, not seen here)
421fangs.png.png
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Daniel
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Re: 04/21/2020 Live Update

Post by Daniel »

QQQ was down nearly 4% at the low earlier. Surely at this point a test of the 50day MA, a bit lower around 203, is inevitable... esp since that would represent a major gap fill as well.
:|
Last edited by Daniel on Tue Apr 21, 2020 11:33 am, edited 2 times in total.
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Al_Dente
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Re: 04/21/2020 Live Update

Post by Al_Dente »

SPY and Tech
15min
pink line approximates 5dma
421tech.ppng.png
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JFR
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Re: 04/21/2020 Live Update

Post by JFR »

ES 5. Down to a support level. Testing beneath it.

2020-04-21_0816.png
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Daniel
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Re: 04/21/2020 Live Update

Post by Daniel »

Al_Dente wrote:SPY and Tech
As everyone on this Board knows, Vixen leads! ($VXN- vix for the QQQ/Naz)
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BullBear52x
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Re: 04/21/2020 Live Update

Post by BullBear52x »

wait until more stimulus package passed, wall street wants to see $2T more, total of $4T when it all said and done, then bottom we are.
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Cobra
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Re: 04/21/2020 Live Update

Post by Cobra »

Mini rebound target, must exceed it before we can seriously talk whether bulls have chances or not.
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JFR
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Re: 04/21/2020 Live Update

Post by JFR »

WMT. Triple top breakout on PnF. I won't be buying it until it resumes uptrend on Candlesticks.

2020-04-21_0836.png
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Re: 04/21/2020 Live Update

Post by Daniel »

NFLX, after reporting great earnings and opening higher, is now down 2%.
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