04/13/2021 Live Update

[Al_Dente]

Here is another view, daily:
Since the November low most everybody has confirmed each SPX high
Now there are divergences
(top panel is percentage, bottom panel is cumulative volume)

[te_fern]

Talk about a SPX resistance line....

[te_fern]

Got the quick break out and took my sandwich money. Paid for mine, now I need to earn enough to pay for the wifes!! LOL!

[JFR]

SPY 5. Poking its nose down beneath the EMA 20. Going through some ugly chop.

[te_fern]

Had the right play, need to learn to hold on a little longer!! LOL!

[te_fern]

Hard to see, but bouncing on VWAP, needs to hold....

[JFR]

SPY 5. Dropping hard. At the previous day's close.

[JFR]

DIA and IWM down. QQQ up. SPY flat.

Back later ...

[Al_Dente]

Breakout QQQ. If it can hold the neckline, the inverse H&S target is huge, cyan box above the top of the chart
1/VXN options traders are riding with the bull
Volume and Semis and the internet stocks (pink) lag
It needs volume people .... volume
Daily

[Cobra]

Revisit the day high, now let's see whether bears can make a lower high/double top here. Say, 51% chances?

[JFR]

Store Closing. Everything must go. Ha ha

DBC, IAU, SPYG growth, TLT and USO up.

IYR flat. SPYV value down. UUP down.

Later ...

[Al_Dente]

EARNINGS DUE:
April 14: GS, JPM, WFC,
April 15: BAC, BLK, SCHW, C, TSM, USB, UNH
April 16: MS

[te_fern]

See if we get follow thru or is it a bull trap???

[Cobra]

Clear breakout, this bull shall have legs.

[Al_Dente]

100% of VIX gaps fill
reminder: we have a gap from 7 April in the 18 zone that hasn’t filled yet
15 min

[te_fern]

Funny, from what I can tell, none of the leveraged sectors are breaking to new highs right now.....

[Cobra]

Members only update at 3:35 pm
http://www.cobrasmarketview.com/2021/04 ... ay-update/

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2021/04 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449381

[JFR]

SPY 5. Another day at the races, errhh ... the stock market.