04/11/2016 Live Update

[Cobra]

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double top or not, wait and see.

[fehro]

SPX opening near 2060.. mind Thursday's gap 2063-66, and possible RS top middle chart.. as VIX makes a kinda similar invs H&S,
neckline SPX 2038-ish 7 points lower than 20d @ 2045. Neckline goes.. target is 1990 SPX.
Keep in mind FOMC closed door, unexpected meeting at 11:00am, followed by Yellen meets with Obama & Biden after also an unexpected closed door meeting.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/04 ... ve-update/

[JFR]

From John Murphy ...

http://stockcharts.com/members/analysis/20160410-1.html

S&P 500 RALLY STALLS... Chart 8 shows the S&P 500 trading just below a resistance line drawn over its July/November highs (down -1.2% on the week). Its 14-day RSI line (above chart) is backing off from overbought territory at 70. And its daily MACD lines (below chart) have turned negative for the first time since January. Both of which suggest that overbought U.S. stocks may be vulnerable to short-term profit-taking. The SPX, however, remains above its 200-day moving average.

[fehro]

SPX daily.. bottom right ..has a bull flag look should we move much higher than the 2063-66 gap

[JFR]

From Tom Bowley ...

http://stockcharts.com/articles/trading ... riday.html

Our major indices gave up a big chunk of their earlier gains on Friday, but did manage to finish in positive territory. Crude oil ($WTIC) topped off a superb week (+8.27%) by rising 5.68% on Friday alone. The WTIC is now in a 35-42 price per barrel trading range. Breaking out above 42 would be bullish for the energy sector (XLE), which has risen 12.07% the past three months. Here's the latest look at crude oil:

One interesting development has been the reaction in its momentum oscillators, especially its RSI. Over the past several months and throughout much of its downtrend, the RSI has struggled to clear 60, but routinely tested 30. Note that recently the WTIC has seen its RSI rise to 70 and so far hold 40 - indicative of much more bullish action within an uptrend.

[gappy]

4 day.

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Ponzi hoss better giddyup. Vote Cobra. glta

[JFR]

Gap up on NQ and YM. Negligible on ES.

[MrMiyagi]

Intraday NYMO opens up to +12.89

[fehro]

SPX mind the morning gap.. 2047.60-2050.23 - VIX green, SPX green

[fehro]

DXY weak

[fehro]

as per last week..FB H&S.. tagging 50d

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2016/04 ... ve-update/

[fehro]

SPX testing Thursday's gap, possible resistance here.. dabble small short...

[uempel]

Ellipses suggested a great move today Perhaps later on

[uempel]

Long term channels on daily linear show huge resistance around SPX 2050/2075

[Out of Bounds]

1.JPG (37.7 KiB) Viewed 7613 times

[Cobra]

the pullback should be bought.

[Out of Bounds]

[MrMiyagi]

SPY back to morning's gap and under 5 minute 20ema. Janet must be in the can.