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04/20/2021 Live Update

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Cobra
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04/20/2021 Live Update

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No idea up or down from here.

Gap down below yesterday's low so could be a trend day either up or down.
ES60min.png

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Re: 04/20/2021 Live Update

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Re: 04/20/2021 Live Update

Post by Cobra »

It's morning hourly hollow red
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Al_Dente
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Re: 04/20/2021 Live Update

Post by Al_Dente »

NY down volume is 3x up volume
nasdaq down volume is 4x up volume
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Cobra
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Re: 04/20/2021 Live Update

Post by Cobra »

Rebound is weak so probably will resume down. It's a downtrend day, was busy, missed the 10:35 bar for calling downtrend day.
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Re: 04/20/2021 Live Update

Post by Al_Dente »

Posted on 4/11: MS, Wilson: the breakdown of small caps and cyclicals may be an early warning sign that the actual reopening of the economy will be more difficult… The underperformance in IPOs signals that the Fed’s excessive liquidity is finally being overwhelmed by supply. When new issues [use IPO] underperform this much, it’s generally a leading indicator that equity markets will struggle more broadly. 

4/19 zh and MS: One week after Michael Wilson (MS) presciently warned that the recent breakdown of small caps was "a warning sign" ... we dropped.
MS: many commodities are also laboring to make new highs as the high-quality SPX and NDX breakouts look more and more isolated.
"the breadth of participation has deteriorated significantly ...What this really means ... is that the market "gets it" and is preparing for what is likely to be a more difficult environment for stocks and risk assets generally.
 "… the best way to characterize our view is that we like reflation beneficiaries but no longer favor the reopening theme so much at this point...
“Hence, we remain Overweight Financials, Materials and Industrials [recall that is three of Sentimentrader’s “Four Horsemen of a Recovery”]. Meanwhile, we remain Neutral on Tech and Overweight Healthcare given the greater valuation headwinds on the former.
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Al_Dente
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Re: 04/20/2021 Live Update

Post by Al_Dente »

internals
420vix.png.jpg
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Re: 04/20/2021 Live Update

Post by Al_Dente »

First time we're convincingly taking out the prior days lows in a month and much needed. 4100 zone remains the spot to bounce.
If bulls can't sustain strength there then we sell another 100 points down to 4k
[adam mancini]
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BullBear52x
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Re: 04/20/2021 Live Update

Post by BullBear52x »

4130 ES is where the ceiling that bulls need to regain.
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Re: 04/20/2021 Live Update

Post by BullBear52x »

No new LL from the next sell setup, the LOD might be in. strong sauce RSI >70. last sell setup around 4130.
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Al_Dente
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Re: 04/20/2021 Live Update

Post by Al_Dente »

AAPL Event is live in 25 minutes
https://www.youtube.com/watch?v=JdBYVNuky1M
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Re: 04/20/2021 Live Update

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Re: 04/20/2021 Live Update

Post by Cobra »

The chart looks still missing a revisit of the day low before a bottom can be possible.
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Re: 04/20/2021 Live Update

Post by BullBear52x »

Cash SPX Fib, bears are on schedule and on time :D well, a day like today bears don't want to see higher than 50% retracement.
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JFR
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Re: 04/20/2021 Live Update

Post by JFR »

Joining the discussion late. SPY 15 down, showing extended hours, but things seem calm.

2021-04-20_09-43-42.png
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Re: 04/20/2021 Live Update

Post by JFR »

Not so calm on the Dow 30. IBM, JNJ and MRK leading. BA, NKE and GS falling hard.

2021-04-20_09-49-03.png
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JFR
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Re: 04/20/2021 Live Update

Post by JFR »

DIA, IWM, QQQ and SPY are in lockstep.

2021-04-20_09-53-29.png
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Re: 04/20/2021 Live Update

Post by JFR »

Alternative places to park the money. DBC down a bit. IAU up. IYR up. Growth stocks down. Value stocks down. TLT up. USO down. UUP up. A little bit risk off perhaps.

2021-04-20_09-58-40.png
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Al_Dente
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Re: 04/20/2021 Live Update

Post by Al_Dente »

Al_Dente wrote:AAPL Event is live NOW
https://www.youtube.com/watch?v=JdBYVNuky1M
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JFR
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Re: 04/20/2021 Live Update

Post by JFR »

Some of the Dow are doing well. 5 leaders and 5 laggards.

2021-04-20_10-10-42.png
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