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04/08/2021 Live Update

Re: 04/08/2021 Live Update

Postby Cobra » Thu Apr 08, 2021 12:15 pm


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Re: 04/08/2021 Live Update

Postby BullBear52x » Thu Apr 08, 2021 12:29 pm

Bears got no uice today. bulls's turn, I am not buying it's way overbought.
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Re: 04/08/2021 Live Update

Postby BullBear52x » Thu Apr 08, 2021 12:37 pm

Yesterday low volume, today will be lower the way it is atm.
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Re: 04/08/2021 Live Update

Postby JFR » Thu Apr 08, 2021 1:03 pm

Some alternatives. Some going nowhere. Gold and growth stocks up. Dollar down. Back later ...


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Re: 04/08/2021 Live Update

Postby Trades w 2 Cats » Thu Apr 08, 2021 1:03 pm

Low volume back to the way it normally is, low volatility and much better price action patterns.

As I wrote a couple of days ago I feel like I am waking up from a bad dream. I keep thinking I had lost it watching stuff make huge moves for no economic reason. Now I know it was the demons unleashed by the Fed . As the popular movie clip says be first, be smarter or cheat. Now we know they were cheating using Fed liquidity funneled through the owners of the Fed. And I have not had a permanent impairment to my thinking or values, just didn't know that the rules had changed once again.
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Re: 04/08/2021 Live Update

Postby Al_Dente » Thu Apr 08, 2021 1:15 pm

The FED has pivoted
from dove to super-dove
“...most dovish I’ve seen in my lifetime” [Jeremy Siegel… and the CNBC anchor and guests agreed.]
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Re: 04/08/2021 Live Update

Postby Al_Dente » Thu Apr 08, 2021 1:39 pm

Chip shortage fears have been realized, as both GM and VW have warned about production difficulties tied to chip shortages on Thursday, today.
resulting in multiple GM plant shutdowns
GM expects the problem will reduce its operating profit by $1.5 billion to $2 billion this year.
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Re: 04/08/2021 Live Update

Postby Cobra » Thu Apr 08, 2021 1:45 pm

Lower high, the range high was in?
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Re: 04/08/2021 Live Update

Postby Al_Dente » Thu Apr 08, 2021 2:06 pm

Are we going to close with a Hanging Man ??
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Re: 04/08/2021 Live Update

Postby Trades w 2 Cats » Thu Apr 08, 2021 2:34 pm

Wow, the (sarcasm on) rare late day push up. Obviously looking to get within striking distance of the high. Biggest problem is the ramp express has not been running this year, waiting for that new stimulus to rebuild the train. :lol:
If they get close the after the cash close move could set the stage for Asian traders to make new highs, or not.
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Re: 04/08/2021 Live Update

Postby Trades w 2 Cats » Thu Apr 08, 2021 2:55 pm

Resistance at 86.75 has clearly become support (2 slow hours later), maybe we will have a power hour today?
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Re: 04/08/2021 Live Update

Postby Cobra » Thu Apr 08, 2021 3:32 pm


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Re: 04/08/2021 Live Update

Postby Cobra » Thu Apr 08, 2021 3:50 pm


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Re: 04/08/2021 Live Update

Postby Cobra » Thu Apr 08, 2021 3:51 pm

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

Thank you guys, I'll see you in another thread soon.

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