Back to www.cobrasmarketview.com

04/05/2017 Live Update

Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 04/05/2017 Live Update

Post by Trades with cats »

ES 06-17 (5 Min)  4_5_2017c.jpg
Twitter rumor that there will be at least a 4 million closing imbalance (negative) so it is actually looking like the gap could fill. At ADR low and riding the 3 standard deviation below VWAP line.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/05/2017 Live Update

Post by Cobra »

double top text book target met. this bear may still have legs.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 04/05/2017 Live Update

Post by Al_Dente »

Frontrunner: TICK, green, should have made a high right there because SPY did.
TICK didn’t. That’s important divergence.
Bottom panel is 20 days, percentages
45fifteen.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 04/05/2017 Live Update

Post by Al_Dente »

Even with the lag that “cumulative” provides, the TICK is pretty pure
TICKS are either up or down (unchangeds are not counted)
Alternative: you can delete the generous moving-averages used as “smoothers”, and just focus on HH/HL and LH/LL ticks
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 04/05/2017 Live Update

Post by Daniel »

Al_Dente wrote:Even with the lag that “cumulative” provides, the TICK is pretty pure
TICKS are either up or down (unchangeds are not counted)
Alternative: you can delete the generous moving-averages used as “smoothers”, and just focus on HH/HL and LH/LL ticks
I like both, AD.

Cumulative, with smoothing, gives a clear sense of trend. But the raw data is also valuable in terms of showing peaks of enthusiasm or concern.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/05/2017 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/05/2017 Live Update

Post by Cobra »

well, guess that's it for today. Thursday tomorrow has been generally bear mixed recently. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 04/05/2017 Live Update

Post by Daniel »

MOC must have been fairly neg, market is closing near the lod as the closing SELLs are coming in...
Post Reply