04/09/2020 Live Update

[te_fern]

I think High Yield got excited about the Fed's announcements today....

[Al_Dente]

Bernie out yesterday, XLV, orange, continues celebrating today
Hard to see, but QQQ and FANGs ease off just a bit

[Al_Dente]

Here’s what I mean
DAILY
The trend lines show a subdued bull on FANGs and QQQ,
While strong up channel on SPX and especially XLV
Can XLV carry this rally alone?

[Al_Dente]

Update on the “LEADERS” chart
60min
% since the 2/19 high
gray Semis lead (they were not on that last chart I posted)
higher lows here

[1der]

Where is Mr. Miyagi???

Need a “We are never ......”

I have lost count, stimulus is now what 5 or 7T?

[Heck]

$SPX SELLING < 2,818.57 edit

[Al_Dente]

A questioner asked Powell if he was prepared to buy-out the entire U.S. economy and put it in his pocket
He answered yes
Oh relax, I'm just kidding.... or am I

[te_fern]

A questioner asked Powell if he was prepared to buy-out the entire U.S. economy and put it in his pocket
He answered yes
Oh relax, I'm just kidding.... or am I

Socialism by a republican!! LOL!

[Cobra]

So far it's a range day but the pullback here is a warning, beware of a lower high trend reversal. Watch.

[BullTart]

..... and the negative divergence continues.... be careful here

[Al_Dente]

A questioner asked Powell ..........

Socialism by a republican!! LOL!

Hi fern
thanks for posting yr charts
i always "zoom" them

[te_fern]

[/quote]
Hi fern
thanks for posting yr charts
i always "zoom" them[/quote]

Yes, it's nice when anyone posts a chart. Easier to see what they are talking about and you can also draw your on conclusions!! thanks!

[Al_Dente]

..... and the negative divergence continues.... be careful here

thanks boss
ps: how do you use that "correlation w TVIX" tool at the bottom?

[Heck]

Big Picture
Debt devouring all
Insolvency > Liquidity
https://www.usdebtclock.org/

Record 'Not in Labor Force' Accelerating
https://fred.stlouisfed.org/series/LNS15000000

Gold + 13.51 % YTD + 29.35 % past year

BULLYA

Good Friday, Happy Easter and Passover

[te_fern]

Been watching the smalls this morning. If they fall thru the support line and the MA line, could try to fill the gap....

[te_fern]

May have to try a stab of going short if we break up thru the line.....NTA.

[BullTart]

ps: how do you use that "correlation w TVIX" tool at the bottom?

Ops, didn't mean to include that in the screenshot hahaha... let's just say it's a signal generator i am fine tuning

[Al_Dente]

welcome to pharma

[BullTart]

... and here's why I bring up that negative divergence on the ES hourly.... it has been very telling throughout the whole downturn... if it does get confirmed here... you know what follows...

[BullBear52x]

Very bullish market, Honey hole sell outside of the band, but looks like market doesn't want to give up just yet.