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04/08/2021 Live Update

04/08/2021 Live Update

Postby Cobra » Thu Apr 08, 2021 8:37 am

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The push up leading to the overnight pullback was strong so probably the pullback would be bought again.

Gap up above the yesterday's high, trend day possible, either up or down.
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Re: 04/08/2021 Live Update

Postby BullBear52x » Thu Apr 08, 2021 9:31 am

Sell day, Honey hole special, think day trade.
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Re: 04/08/2021 Live Update

Postby BullBear52x » Thu Apr 08, 2021 9:35 am

Today's pivot, Yesterday's high is the line. buyers need to bid up and up, a trade lower will indicate a failed auction. it will be fast down trend. let roll the dice.
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Re: 04/08/2021 Live Update

Postby BullBear52x » Thu Apr 08, 2021 9:36 am

ES, early bird special.
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Re: 04/08/2021 Live Update

Postby Cobra » Thu Apr 08, 2021 10:01 am


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Re: 04/08/2021 Live Update

Postby Cobra » Thu Apr 08, 2021 10:04 am

It's a morning hourly filled black bar.
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Re: 04/08/2021 Live Update

Postby JFR » Thu Apr 08, 2021 10:35 am

SPY 5. Gap up. Chopping along.


2021-04-08_07-33-24.png
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Re: 04/08/2021 Live Update

Postby JFR » Thu Apr 08, 2021 10:39 am

SPY 15. Extended hours. Relatively quiet. Strange pbar to the number of the previous close.


2021-04-08_07-37-36.png
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Re: 04/08/2021 Live Update

Postby JFR » Thu Apr 08, 2021 10:43 am

SPY daily. New high. "To the Moon, Alice."


2021-04-08_07-41-41.png
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Re: 04/08/2021 Live Update

Postby Trades w 2 Cats » Thu Apr 08, 2021 10:46 am

MES 06-21 (950 Tick) _ ES 06-21 (2000 Tick) 2021_04_08 (9_44_38 AM).png

Broke out of the down channel, time for bulls to run if they re going to break out of the pre-open opening congestion.
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Re: 04/08/2021 Live Update

Postby Al_Dente » Thu Apr 08, 2021 10:47 am

Amazon Is Buying Dead Malls and and turning them into distribution centers 
https://finance.yahoo.com/news/amazon-b ... 39847.html
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Re: 04/08/2021 Live Update

Postby Al_Dente » Thu Apr 08, 2021 10:53 am

“Sen. Sherrod Brown, chairman of the Senate Banking Committee, is taking aim at three banking giants' ties to Archegos Capital after the fund's recent losses blitzed the market. The Ohio Democrat made inquiries in letters to Goldman Sachs (GS), Nomura (NMR) and Credit Suisse (CS). [CNBC, today]
I posted a DOMINO cockroach link on Tuesday night.
Rather than a second cockroach, zh opined that these events are piling up, pointing to a classic, systemic leverage breaking point: the Robinhood blowup, the Melvin Capital collapse, the Greensill implosion in Europe, the Archegos explosion … “all idiosyncratic, NOT.”
[Pasta: Don’t forget zh finds a “breaking point” every day]
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Re: 04/08/2021 Live Update

Postby Al_Dente » Thu Apr 08, 2021 11:06 am

For every bullish analyst that nobody has ever heard of, is a bearish analyst that nobody has ever heard of.
Here’s the bear:
[Spoiler: “...potential… 3,960...]
https://www.marketwatch.com/story/why-t ... 1617880511
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Re: 04/08/2021 Live Update

Postby Trades w 2 Cats » Thu Apr 08, 2021 11:19 am

Pasta Boss- going to be good money converting office buildings into residential condos and rentals.

Thanks for the update on the Senate taking an interest in the latest banking failure. It once again proves that they ( the regulators and legislators) are fighting the last war. A point others have made is that this tiger fund was not big enough to get a Fed bailout the way Citadel did in 2019.
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Re: 04/08/2021 Live Update

Postby Cobra » Thu Apr 08, 2021 11:27 am

Breakout would be more likely if bulls are able to touch the blue line above so bias is a little bit up.
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Re: 04/08/2021 Live Update

Postby Trades w 2 Cats » Thu Apr 08, 2021 11:43 am

London closes as we touch the opening swing high.
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Re: 04/08/2021 Live Update

Postby Al_Dente » Thu Apr 08, 2021 11:43 am

Trades w 2 Cats wrote:Pasta Boss- going to be good money converting office buildings into residential condos and rentals.
Thanks for the update on the Senate taking an interest in the latest banking failure. It once again proves that they ( the regulators and legislators) are fighting the last war. A point others have made is that this tiger fund was not big enough to get a Fed bailout the way Citadel did in 2019.

:D
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Re: 04/08/2021 Live Update

Postby Al_Dente » Thu Apr 08, 2021 11:44 am

Semis (bottom panel) broke out from a megaphone-tilted-down, as the odds predicted
Now a descending triangle predicts a fresh high (yellow boxes)
15min
48semis.png.jpg
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Re: 04/08/2021 Live Update

Postby Al_Dente » Thu Apr 08, 2021 12:05 pm

TRIVIA:
DRILLING DOWN ON SEMICONDUCTORS:
SMH is 1x and SOXL is 3x
SMH tracks the overall performance of the 25 largest, U.S. listed companies that produce semiconductors, a crucial component of modern computing. This fund is equally split between giant, large, and mid cap size companies, offering a well-balanced risk/return profile. Given its shallow portfolio, SMH is inherently top-heavy; the top ten holdings account for over two-thirds of total assets [actually it’s 60%].
SMH Top ten: TSM (14% weight; all the others are in the 4-6% range), NVDA, ASML, INTC, AMAT, MU, AVGO, TXN, NXPI, LRCX
The whole portfolio (25 holdings) is 73% U.S. companies.
Expense ratio 0.35%
[source: VanEck, the issuer]

SOXL offers 3x daily long leverage to the PHLX Semiconductor Index [$SOX], making it a powerful tool for investors with a bullish short-term outlook for semiconductor equities. Investors should note that SOXL's leverage resets on a daily basis.
Top twenty holdings: ADI, AMAT, ASML, AVGO, BRKS, CCMP, CREE, ENTG, IPHI, INTC, KLAC, LRCX, LSCC, MRVL [!!!], MCHP, MU, MKSI, MPWR, NVDA, NXPI [with a ton of swaps on the above stocks]
Expense ratio 0.96% [too high, but TQQQ and SQQQ are also 0.95% and folks love them]
[source: Direxion, the issuer]
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Re: 04/08/2021 Live Update

Postby Al_Dente » Thu Apr 08, 2021 12:10 pm

[ADD]
ps: SOXS is 3x short semis
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