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now let's see if bulls can make double bottom here. I don't mean rebound right from here, could be more down to break the Apr 2 low but as long as it's just a slightly lower low then reverse up, it's still a double bottom.

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

/ES .. possible minor invs H&S.. target 200d SMA if not .look to lower lines

fehro wrote:/ES .. possible minor invs H&S.. target 200d SMA if not .look to lower lines

SPX 200d just 10 points higher 2591.50

from yesterday, rally stall and slide, failed bull patterns more common now as buy the dippers play divergences...weekly lower bolly at 2546 and weekly 50 at 2565, watching that zone close for a turn....should see a test for sure...now, if that does not hold /fails and we get a solid close below the weekly ma , longer term monthly channel may come into play..

Got a divergence with the TICKs, no help for the moment....

IWM first to reach its 15min 20ema, hence it is currently today's RS leader among the majors. Perhaps smallcaps, being less dependent on exports, are faring better.

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

fehro wrote:

fehro wrote:/ES .. possible minor invs H&S.. target 200d SMA if not .look to lower lines

SPX 200d just 10 points higher 2591.50

ding ding..dabble short 2591.50 SPX ..mind oLOD on /ES may get retested… "IF" 200d SMA sticks

Back to where Bloomberg goosed the market yesterday, so now we can resume auction action on price, as news is probably behind us for now.

This trade tariff negotiation so far reminds me of lawyer tactics, lots of accusations but really just positioning before seeing the judge.

…Trade War, Here Are the Winners And Losers
https://www.bloomberg.com//news/article ... and-losers

Staying in the channel for now...

STOCKS NOTED FOR LARGE ($) BUYBACKS OF THEIR SHARES
Showing the ones that are tech or dow stocks, or etc.
All are now in the BLACKOUT PERIOD. After they report earnings, they can once again BUYBACK their shares.
IBM, EPS date April 17, after the close
JNJ, EPS date April 17, before the open
PG, EPS date April 20, before
GOOG, EPS date April 23, before
KO, EPS date April 24, before
BA, EPS date April 25, before
INTC, EPS date April 26, after
MSFT, EPS date April 26, after
MCD, EPS date April 30, before
MRK, EPS date May 1, before
AAPL, EPS date May 1, after
PFE, EPS date May 1, before
FB, EPS date May 2, after
DIS, EPS date May 8, after

These have already reported, and are available for Buybacks (best to double check these few):
WMT
HD
CSCO
ORCL

Big Tech YTD%

last night
FB
“… we're taking an important step to protect the integrity of……….”
https://www.facebook.com/zuck/posts/10104771321644971

FXI down over 2% vs SPY down 1%. US is winning trade war.

PastaBoss - Thxs for the Blackout period info.

Daniel wrote:FXI down over 2% vs SPY down 1%. US is winning trade war.

I am guessing CAT (-2.81%) and BA (-4.25%) would not agree with this assessment.

(edit: corrected BA Boeing not BAC)

Still playing short, not making anything yet...

BA (heavyweight in the “price weighted” dow), down 13p
Is alone responsible for 90points of this dow drop