04/24/2018 Live Update

[te_fern]

Big Board TICKs haven't gotten strong enough to break up through the MA line....

[te_fern]

Levered TECH has been struggling....

[crawford glissadevil]

Bias down for a few days.

Just completed "B wave flat" up, of (A (ABC ) wave down )of larger E wave in the Triangle which as been unfolding since the ATH' . Now, about to go into a C wave down followed by one wave UP (B of ABC of E Triangle) then a final (C of ABC of E Triangle) push toward the Feb and April lows.

[MrMiyagi]

!! POWER HOUR CANCELLED FOR 2018 !!

[te_fern]

Small caps are still slightly positive for the day. Wish they would get some help from the big boys....

[Al_Dente]

Check the after-hours on GOOG last night
The “Evelyn Wood” traders took it all the way up to 1115
oy

[Al_Dente]

Small caps are still slightly positive for the day. Wish they would get some help from the big boys....

2min
TNA lower highs, lower lows
TZA higher highs, higher lows

HOWEVER the bulls may not be done yet
NY advancing stocks = 1.6 x declining stocks
NY advancing volume = 2.8 x declining volume

[Cobra]

my guess, at least the next rebound likely would be stronger.

[te_fern]

Pasta Boss is right, we need to break out of this channel....

[fehro]

SPX congestion .. stalls at trendlines .. LOD goes.. look to lower gap (s)

[Al_Dente]

My prob now is that INDU is starting to underperform SPX (second panel)
So I can’t use my “INDU LEADS” until that changes
Daily

[Cobra]

pullback as guessed, the next rebound should be larger than the tinted area. now the question is where the pullback ends. the pullback can be higher low or lower low, wait.

[Al_Dente]

Another prob is $TNX 10yr yield, which as you all know, hit 30.03 this morning (3.03%)
Now the “experts” will just move the “crisis” benchmark a bit higher to 3.3% or ? ……..
[My blue box target is 31.01 (3.10%)]

[K447]

Another prob is $TNX 10yr yield, which as you all know, hit 30.03 this morning (3.03%)
Now the “experts” will just move the “crisis” benchmark a bit higher to 3.3% or ? ……..
[My blue box target is 31.01 (3.01%)]

Are the decimal points all in the right places?

[Cobra]

members only update at 12:05 pm
http://www.cobrasmarketview.com/2018/04 ... ay-update/

[te_fern]

Levered smalls had a bull trap break out and is now back in the channel. Still watching......

[Trades with cats]

Finally the line for yesterday's low is showing on my fast chart.
Do note that cyan dash dot line that stopped the last bounce is VWAP and the back ground colors are the one and two deviations off of VWAP. I still like the ADX histogram in box 2.

[Al_Dente]

Another prob is $TNX 10yr yield, which as you all know, hit 30.03 this morning (3.03%)
Now the “experts” will just move the “crisis” benchmark a bit higher to 3.3% or ? ……..
[My blue box target is 31.01 (3.01%)]

Are the decimal points all in the right places?

thanks, corrected to 3.10%
sure enough Citi just weighed in:
"...since there is a huge resistance level above the 3.05%, "a break (on a monthly basis) could be HUUUGGGGE."
zh with Citi in quotes: That said, Citi - like Morgan Stanley, does not expect a selling panic even when the 10Y hits 3.05%; instead, its US rates strategists "don’t believe that yields are likely to run away to the upside at least until we get into or through the key events (ECB, ECI, PCE and refunding announcement) of the coming week or so." Instead, recent price action seems to have been driven by short term positioning at the moment (see how the USD/EM bid on Monday has stalled today). Still, as Citi concedes , volatility is rising and this means that price action is going to continue being choppy.

[Trades with cats]

FT71 commented in the pre-market talk that the POC since the Feb high is just below yesterday's low. So a retrace to the most common price doesn't sound that negative. On the other hand the repeated failure to bounce off and continue higher is.

[Trades with cats]

Here we go, bouncing on yesterday's low.