04/01/2021 Live Update

[Cobra]

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Maybe a rising wedge here.

Gap up but within the yesterday's range so likely just a range day.

[JFR]

ES daily. Extending the base. At a support level. Very near the high. Needs to break out, either way.

[JFR]

SPY 15. Choppy action to end yesterday's day session. A pbar shows up in the early session today.

[Cobra]

SPY 15. Choppy action to end yesterday's day session. A pbar shows up in the early session today.

The attachment 2021-04-01_05-41-49.png is no longer available

The phantom bar here hasn't been fulfilled yet. I consider it as a major one as it appears publicly on stockcharts daily chart.

[JFR]

SPY 15. Choppy action to end yesterday's day session. A pbar shows up in the early session today.

The attachment 2021-04-01_05-41-49.png is no longer available

The phantom bar here hasn't been fulfilled yet. I consider it as a major one as it appears publicly on stockcharts daily chart.

The attachment 1.png is no longer available

SPY 5. Yup. We will keep an eye on it.

[JFR]

Dow 30. Things appear quiet on the Dow. Slightly more to the upside.

[JFR]

Dow doldrums. Russell, Nasdaq and SP500 all up.

[JFR]

Various markets.

Commodities, Gold, Bonds, Oil, Growth Stocks all up.

Dollar down.

Real Estate and Value Stocks flat.

[Al_Dente]

note ARKX

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2021/04 ... ay-update/

[Al_Dente]

Friday’s jobs report will be released to a closed stock market—that’s only occurred 12 times since 1980.
The 2021 jobs report for March is estimated to show a gain of 655,000, after payrolls data showed that unemployment fell to 6.2% as 379,000 jobs were added in February, marking the biggest such gain in four months.
We still have maybe nine million people out of the labor force. We are going to need some blockbuster levels to get to pre-pandemic levels … some estimate that the economy would have to average some 750,000 jobs a month to achieve post-COVID levels.

[JFR]

TLT 15 minutes. Note the pbars. Always strange to see. But nice to fulfil.

[Al_Dente]

The government this morning reported a higher-than-expected 719,000 new filings for unemployment benefits last week. The prior week was revised lower to 658,000 initial jobless claims, the lowest level in over a year.

[te_fern]

Pasta Boss, nice call on the TQQQ short squeeze! Wish I'd acted on it!! LOL!

[Al_Dente]

Pasta Boss, nice call on the TQQQ short squeeze! Wish I'd acted on it!! LOL!

Here's an article about how the infrastructure plan helps semiconductors...
https://www.marketwatch.com/story/semic ... 1617274965

[te_fern]

Daily Semi's breaking out over the 50 DMA....

[Al_Dente]

"Five market trends investors are focused on for the second quarter"
SPOILER:
higher yields
resurgent dollar
more value
lower volatility
inflation
https://www.reuters.com/article/us-usa- ... KKBN2BO49K

[Cobra]

If the breakout can hold above the blue line on closing basis then it's an uptrend day.

[Al_Dente]

clean energy is also expected to benefit from the spending plan

[Trades w 2 Cats]

from twitter
remember how sticky 75 was, well now we are knocking on the door at the main gamma event.