04/30/2018 Live Update

[Cobra]

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the pullback might be bought.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/04 ... ay-update/

[fehro]

/ES .. mind yellow channel of sorts.. SPX H&S still in play from Fri 5m

[fehro]

SPX 50d close.. oil goosed, AAPL goosed = markets goosed… mind the morning gap on SPX

[fehro]

SPX 50d 2687.16 .../ES nears oHOD retest

[Trades with cats]

If you are in North America be aware that everybody else has May 1 off so the overnight stats are holiday trading.

[fehro]

…. AAPL goosed = markets goosed…

AAPL> 200d 166.09 inches over it .. 20d 170.06

https://www.zerohedge.com/news/2018-04- ... ppointment

[fehro]

/GC nLOD nears 10month SMA 1302.. monthly candle closes today.. looks awful. /GC <20d/50d/20w SMA
50w 1297
200d 1303

That 1297-1303 level so KEY for gold… it goes.. look out below

[Trades with cats]

Coolbizone says he is about to close his gold shorts and looking to go long if those levels hold.

[fehro]

SPX mind the morning gap.. looking for a fill dabble short… bonds strong, nHOD.. need oil to stall at Fri's LOD now.. for SPX gap fill

[fehro]

/GC nLOD nears 10month SMA 1302.. monthly candle closes today.. looks awful. /GC <20d/50d/20w SMA
50w 1297
200d 1303

That 1297-1303 level so KEY for gold… it goes.. look out below

DXY strong.. at 1yr downtrend… Italian elections looking iffy… buckle up .. USDollar could explode up on EURO's tank .. not good for gold or oil

[Cobra]

Members only update at 10:08 am
viewtopic.php?f=2&t=2852&p=253285#p253285

[Daniel]

GLD kaboom! Straight upward from the low at 124.20; there's no resistance until Thursday's low-- right here at 124.75ish.

Similar explosive recovery move in SLV... but not quite to the Thursday low (not yet).

[fehro]

TLT bonds look awful long term.. but trying 200w SMA/50d SMA here… weekly last week hammer.. trying to make it better

[Daniel]

SPY is AT its daily VWAP. QQQ well above; IWM just a bit below.

Tech and energy are leading to the upside, the homebuilders(XHB) and industrials(XLI) are laggards.

[Daniel]

Current batch of selling has taken IWM back under its 15min 200ema... and getting closer to gap fill.

[Trades with cats]

What a surprise NOT. Lion's share of the overnight up move was the Hong Kong market (i.e. no volume whatsoever) followed by the whoray the us market is open mandatory up move which failed before it tagged a pre-holiday volume European high. Now we are going to grind around for two more days waiting for the updated Fed dot plot. I think I may go work in the yard, I have some weeds I didn't get this weekend and pulling weeds is way better than losing money in a choppy market!

[Trades with cats]

Apple. Cash back sale. No camouflage, just the naked in your face pay me too much and I will rebate to you because Tim and the hedge funds really really need the stock to be high. In the past this sort of thing has usually ended badly. I would not be on this site if I didn't want to play the favorable odds and right now it looks like Apple is over. You know the supposed Mark Twain line, "my friend was dying slowly then he died all at once".

[Al_Dente]

"...the market could be in for a wild ride over the next 6 months. Traders may want to be prepared for volatility this summer!"
Rob Hanna
http://quantifiableedges.com/two-season ... iod-ahead/

[fehro]

/ES .. mind yellow channel of sorts.. SPX H&S still in play from Fri 5m