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04/05/2021 Live Update

04/05/2021 Live Update

Postby Cobra » Mon Apr 05, 2021 8:36 am

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Double top or not, wait and see.
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Re: 04/05/2021 Live Update

Postby JFR » Mon Apr 05, 2021 9:24 am

SPY 15. Moving up step by step in the pre-opening hours.


2021-04-05_06-23-19.png
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Re: 04/05/2021 Live Update

Postby JFR » Mon Apr 05, 2021 9:55 am

SPY 5. Hangin' high.


2021-04-05_06-54-49.png
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Re: 04/05/2021 Live Update

Postby Cobra » Mon Apr 05, 2021 10:02 am


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Re: 04/05/2021 Live Update

Postby mikeqc » Mon Apr 05, 2021 10:05 am

consolidation favors bull. New intraday high expected. Tradable pullback may come in the afternoon.
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SPX 5min intraday chart
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Re: 04/05/2021 Live Update

Postby JFR » Mon Apr 05, 2021 10:43 am

Dow 30. Wearing the green.


2021-04-05_07-42-17.png
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Re: 04/05/2021 Live Update

Postby Cobra » Mon Apr 05, 2021 11:03 am

Still hard to say whether it's an uptrend day or not, unless breakout above the day high with a good looking bar in the next couple of bars. The pullback likely would be bought though.
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Re: 04/05/2021 Live Update

Postby Cobra » Mon Apr 05, 2021 11:36 am

Breakout is more likely now.
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Re: 04/05/2021 Live Update

Postby JFR » Mon Apr 05, 2021 11:41 am

QQQ. Liftoff.


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Re: 04/05/2021 Live Update

Postby Al_Dente » Mon Apr 05, 2021 12:20 pm

Traders are borrowing historic amounts of money.
Before this past year, the highest level of margin debt Wall Street had ever seen was $668,940,000,000 in May 2018, according to the Financial Industry Regulatory Authority (FINRA).
By the height of the coronavirus pandemic, however, margin debt had plunged back down to $479,291,000,000 in March 2020.
As of February 2021, traders have borrowed a total of $813,680,000,000 to buy stocks.  [FINRA releases its margin debt data a month after the fact… so this is February debt]
https://investorplace.com/wp-content/up ... 421271.png

Here the red line shows the amount of margin debt traders are using. The blue line is the S&P.
https://investorplace.com/wp-content/up ... 410518.png

Some analysts suggest that if the market is making lower highs [it is not] as margin levels are topping out, that’s potentially a sign of trouble.
But if rising margin levels are coinciding with higher highs in the market [like now], that can be a sign of bullishness.
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Re: 04/05/2021 Live Update

Postby Al_Dente » Mon Apr 05, 2021 12:29 pm

Over the weekend GS noted: "look at the tell equities [cyclicals vs defensives ] gave in advance of the bond move last year."
The symbol GS uses for their “cyclicals vs defensives” is probably proprietary, but I attempted to replicate it using the classic “Aggressive vs Defensive Ratio” which is XLY:XLP, but I substituted equal-weight RCD:XLP.
Bottom panel: Note that RCD:XLP did confirm every bond move UNTIL NOW……...…. FWIW

45rcd.png.jpg
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Re: 04/05/2021 Live Update

Postby Al_Dente » Mon Apr 05, 2021 12:32 pm

LAST WEEK: Cathie updated the ARK prospectuses
The update is dated March 26, 2021 (that updates the 11/30/20 prospectus)
Changes include:
- Specify risks of investing in SPACs
- Remove limit on ADRs, warrants, preferreds, etc
- Remove 10% limit on investing of assets in single firm, up to 30% now
- Remove limit on investing in 20+% of a single firm's shares

https://www.sec.gov/ix?doc=/Archives/ed ... -5_497.htm
also
https://www.sec.gov/ix?doc=/Archives/ed ... tionalrisk
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Re: 04/05/2021 Live Update

Postby JFR » Mon Apr 05, 2021 12:35 pm

Russell taking some hits today. Back later ...


2021-04-05_09-33-57.png
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Re: 04/05/2021 Live Update

Postby Cobra » Mon Apr 05, 2021 12:40 pm


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Re: 04/05/2021 Live Update

Postby Cobra » Mon Apr 05, 2021 1:07 pm

The very first test of EMA20 in 2+ hours likely would be bought but beware sometimes it means the uptrend of the day is near over.
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Re: 04/05/2021 Live Update

Postby Al_Dente » Mon Apr 05, 2021 1:38 pm

Bottom panel: 5 month percentage view of semiconductors, new highs (gray), FANGs lagging (pink)
etc.
45semis etc.png.jpg
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Re: 04/05/2021 Live Update

Postby Al_Dente » Mon Apr 05, 2021 1:54 pm

Options traders have been quietly buying puts all morning
45puts.png.jpg
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Re: 04/05/2021 Live Update

Postby JFR » Mon Apr 05, 2021 2:07 pm

Various markets. Growth stocks ↑ Value stocks ↑


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Re: 04/05/2021 Live Update

Postby JFR » Mon Apr 05, 2021 2:21 pm

SPY daily. PnF.

Later ...


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Re: 04/05/2021 Live Update

Postby Al_Dente » Mon Apr 05, 2021 3:01 pm

Looking back at January and February, once SPX poked above her upper bolinger (cyan), her days were numbered
ps: 80% of gaps fill
45bb.png.jpg
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