05/04/2018 Live Update

[fehro]

SPX may stall here.. try again? 2643 nibble short

need oil's help.. oil rolls over to any large degree.. put a fork in this market with SPX <200d SMA

[fehro]

SPX may stall here.. try again? 2643 nibble short

need oil's help.. oil rolls over to any large degree.. put a fork in this market with SPX <200d SMA

nada…. 20d/50d next NDX RUT 50d .. SPX INDU pushes for 20d … still may stall here.. take a little pain for few minutes

[100sma]

So many resistances that we need to overcome from now.

[te_fern]

The Qs Ticks are finally about to move above its MA line...

[brokebybernacke2]

when they put Warren on TV, it typically is a signal. tough to fight Warren....

[tonghu]

there was a hollow red bar on aobut Apr 4, and its low has not been revisited yet

morning hourly hollow red. the implication is on the top left of the chart itself.

[te_fern]

Can R1 pivot provide support as the market consolidates? Need a push up to R2 pivot...

[te_fern]

Went long the bios, looking for a push up to the high of the day....

[victorm]

shorting crude is a pain in an a.. , from +$100 to - $100, going to sell with any profit and forget it until issue with Iran resolved...

[te_fern]

Out with a quick couple of bucks! Ha!

[1der]

Mentioned this one in the past: fwiw SPY 266.59

[Trades with cats]

victorm,

Pretzel Charts has an updated longer term crude chart as of Wednesday. You may want to look at his trend lines. Then watch the weekly refinery % of capacity numbers if you haven't been. We still seem to have a bit to go before we are full production on summer blend. Then the question becomes how much of a build between now and Memorial Day followed up with how fast does it drop over vacation season. I don't need to add that if we have an active hurricane season there go the late summer and fall inventory reports out the window. I say all this because a successful oil short means front running a hedge fund panic attack .

[fehro]

SPX /CL goosed .. new recent highs.. AAPL nATH …VIX flat

SPX IND <20d/50d NDX RUT >20d/50d

[Cobra]

members only update at 12:07 pm
http://www.cobrasmarketview.com/2018/05 ... ay-update/

[fehro]

nada…. 20d/50d next NDX RUT 50d .. SPX INDU pushes for 20d …

Almost there SPX 2660 20d

[victorm]

victorm,

Pretzel Charts has an updated longer term crude chart as of Wednesday. You may want to look at his trend lines. Then watch the weekly refinery % of capacity numbers if you haven't been. We still seem to have a bit to go before we are full production on summer blend. Then the question becomes how much of a build between now and Memorial Day followed up with how fast does it drop over vacation season. I don't need to add that if we have an active hurricane season there go the late summer and fall inventory reports out the window. I say all this because a successful oil short means front running a hedge fund panic attack .

Thank you TWC, let see OPEC actions then Trump. Probably some jumps back/forth.

[fehro]

try again… nibble short.. mind the return trip down… for the crazy move.. VIXes not falling apart .. yet

[fehro]

SPX 20d ding ding at HOD … 200d at LOD

[Trades with cats]

Technicians in full control. I can't handle it, going to Seattle to sit at a table at the Fremont Brewery and watch the sea planes. Everybody have a good weekend.

[te_fern]

fehro, I'm waiting for a little more of a turn up in this leveraged bear ETF before I consider shorting....