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04/13/2017 Live Update

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Cobra
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04/13/2017 Live Update

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testing support, key time.
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Cobra
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Re: 04/13/2017 Live Update

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Re: 04/13/2017 Live Update

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Re: 04/13/2017 Live Update

Post by Cobra »

this bull shall have legs.
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Al_Dente
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Re: 04/13/2017 Live Update

Post by Al_Dente »

Rob Hanna has 66% bull odds for today
http://quantifiableedges.com/holy-bullish-thursday/
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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MrMiyagi
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Post by MrMiyagi »

KIDNEYS FOR BREAKFAST!!??
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Mr. BachNut
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Re: 04/13/2017 Live Update

Post by Mr. BachNut »

Descending Wedge on the hourly.

5th wave down into the overnight low.

I put on small long shortly after the cash open.
Position under tight management.
Open to reposition with tight stops on a pullback and won't be brave with this.
If alive at close will decide on whether to hold over long weekend. Market on the dicey side.
Guessing wedge may not break until next week...if it breaks... could break down instead of up too... haven't a clue...
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Mr. BachNut
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Re: 04/13/2017 Live Update

Post by Mr. BachNut »

Mr. B is ready for the long weekend. For a short week, it has felt long.

The NYMO cycle may be turning here.
It has been up and has held above the zero line all week in spite of weak price action.
This morning, it is below the zero line, and a close below zero says the cycle is down.
As price is bouncing a bit here, kinda need to wait for the close before making judgements.
There may be some morning selling before the long weekend that could abate by the end of the day.

Price has been declining this week, but has been finding support at the middle keltner band.
Multiple middle keltner tags fits with prior breaks from above the upper keltner.
I am pondering a possible expanding formation (blue orange lines) as algos chop and run stops about a meridian. (Think difficult trading environment)
I am also pondering a descending wedge posted earlier. The possible wedge target would suggest a high above the current April high but not necessarily another ATH. Hmmm...
There are also two small gaps a little above that would be good to close.
Something to think about, but there are plenty of other paths including bear paths.
Breakdown would bring the red target stack into play.

I am a little long here. Noted earlier.
No conviction though. If the NYMO cycle flips to down, so would my orientation.
Heading to some vacation next week. So, it will probably be a big week...
No post, small positions and hard stops for me whatever may happen.
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NYMO 041317.jpg
uempel
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Re: 04/13/2017 Live Update

Post by uempel »

Update on SPX daily Trump-Rally-Chart:
Do.png
fehro
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Re: 04/13/2017 Live Update

Post by fehro »

NDX daily pushin 20d .. outside reversal
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Al_Dente
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Re: 04/13/2017 Live Update

Post by Al_Dente »

NY advancing stocks = 0.81 x declining stocks
NY advancing volume = 0.80 x declining volume
NY declining stocks = 1.2 x advancing stocks
NY declining volume = 1.1 x advancing volume

1-to-1, El Choppo at the moment
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 04/13/2017 Live Update

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Post by MrMiyagi »

Beating time....
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Re: 04/13/2017 Live Update

Post by Trades with cats »

Small caps at a new low for the week, leading the way. But once again, they do not have the heavyweight institutional favorites to stabilize the price swings.
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Cobra
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Re: 04/13/2017 Live Update

Post by Cobra »

might test day low.
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Al_Dente
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Re: 04/13/2017 Live Update

Post by Al_Dente »

Al_Dente wrote:NY advancing stocks = 0.81 x declining stocks
NY advancing volume = 0.80 x declining volume
NY declining stocks = 1.2 x advancing stocks
NY declining volume = 1.1 x advancing volume
1-to-1, El Choppo at the moment
NY declining stocks = 1.7 x advancing stocks
NY declining volume = 2.0 x advancing volume
bears took the ball, could they please keep the ball for more than a nano-minute, thank you
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Re: 04/13/2017 Live Update

Post by Trades with cats »

Yet another move towards the magic power number, ES 2333.50. It was breached for a bit last night. Somehow if we go through on what has to be a low volume start of the holiday long weekend it shouldn't count as a conviction selloff. If we test and bounce a little many will write this weekend about a double bottom. Does retail have any money left to buy at the top?
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Al_Dente
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Re: 04/13/2017 Live Update

Post by Al_Dente »

Just when you thought it was safe … the bears are coming out of hibernation...
Bloomberg reports “investors in Europe and the U.S. are rushing to hedge against declines.”
and a Credit Suisse index flashes a warning
http://www.zerohedge.com/news/2017-04-1 ... are-waking
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 04/13/2017 Live Update

Post by Cobra »

testing day low indeed, now let's see any buyers here.
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Post by MrMiyagi »

US drops a big-ass bomb on ISIS in Afghanistan, market didn't like that, bombed on its own.
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