04/07/2022 Live Update

[Trades w 2 Cats]

The sharp drop this morning seems to have been James Bullard saying 3.5% fed funds rate is needed. So far most Fed speaker drops have been reversed eventually.

[Al_Dente]

Bulls struggle to hold the 200sma (gray dash line)
Below that is where all the selling came in, see red circle/arrow in Feb
daily

[Al_Dente]

Note HPQ
ATH
(on Buffett news)

[Cobra]

Members only update at 12:18 pm
http://www.cobrasmarketview.com/2022/04 ... ay-update/

[BullBear52x]

Yesterday's low will be tested before we bottom today, it's unfinished business. after that it's do or die time for both side.

[BullBear52x]

Fearful market.

[Cobra]

Testing the yesterday's low now

[BullBear52x]

Last sell for intraday. inside day consolidation going no where today. will see from here.

[Trades w 2 Cats]

If anybody knows where you can fund something that superimposes several days on top of each other please pass that info along. Every day this week has kind of felt like Deja Vue.

Futures Trader 71 called the action before the open as coiling. Not expecting any pining for weekly op ex tomorrow. He is thinking market is waiting for a news event.

Oil crisis seems to be ending. Freight Waves, cited by Zero Hedge is saying truckers are less picky about loads. Seems reasonable as once the Great Restocking is finished demand is gone. I am assuming high gasoline and food prices are going to reduce the sale of tchotchkes at the big box stores. Crude inventories improving, apparently Cushing OK tank storage did not go dry as the bulls were pushing. Positive news is no one is chartering Russian tankers so finally tanker rates may go off of life support. Last year all my tanker dividends were return of capital.

Still thinking Fed has to prove they are not bluffing with that .5 at next meeting. I think they will fold once it is clear we are moving into a recession.

[jademann]

I am not trading these micro moves. My bear funds are basically my insurance for all that is going on everywhere.

[BullBear52x]

Technical support, tomorrow will be for real or just a bull trap.

[icman]

Does anyone use TD Ameritrade? Mine does not show SPX May 2022 options out of blue. Cannot close open positions.

[Cobra]

As I said earlier, double bottom was possible. Now maybe a pullback here first which likely would be bought later.

[BullBear52x]

Does anyone use TD Ameritrade? Mine does not show SPX May 2022 options out of blue. Cannot close open positions.

??? Futures or equity option?

[icman]

Does anyone use TD Ameritrade? Mine does not show SPX May 2022 options out of blue. Cannot close open positions.

??? Futures or equity option?

Just reqular equity. I opened some closing trades this morning fine for SPX May 2022. But now cannot even edit them and cannot see any options for SPX earlier than June 2022. On both PC and Mobile.

[BullBear52x]

Does anyone use TD Ameritrade? Mine does not show SPX May 2022 options out of blue. Cannot close open positions.

??? Futures or equity option?

Just reqular equity. I opened some closing trades this morning fine for SPX May 2022. But now cannot even edit them and cannot see any options for SPX earlier than June 2022. On both PC and Mobile.

I see SPY and SPX option no problem here. just checking for you, I trade futures. Make sure you select all product above your symbol. I hope this help.

[icman]

Does anyone use TD Ameritrade? Mine does not show SPX May 2022 options out of blue. Cannot close open positions.

??? Futures or equity option?

Just reqular equity. I opened some closing trades this morning fine for SPX May 2022. But now cannot even edit them and cannot see any options for SPX earlier than June 2022. On both PC and Mobile.

I see SPY and SPX option no problem here. just checking for you, I trade futures. Make sure you select all product above your symbol. I hope this help.

Ok I contacted TD support - they are saying it is an issue on their end' :We are aware and are working to reinstate those series to the chain. Just need a little time to do so"

[BullBear52x]

well, the market message is, the Fed put got the support. don't fight the Fed. Haha. tomorrow is another day. Peace!

[BullBear52x]

Chart for the road: Then and Now. it failed at this level last time, can it breaks up and out to the upside this time? fundamentally nothing change, the rate hike of .5 is still scheduled to be on the next Fed meeting. unless the "THE WAR" caused more uncertainty then they may hold back once more. my thought is they can not raise rate if they want soft landing, raising rate will hard smack the equity market. well, WDIK? for now we know where the Fed Put is. keep it simple the power that be has spoken to us today.

[Cobra]

Members only update at 2:30 pm
http://www.cobrasmarketview.com/2022/04 ... ay-update/