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05/04/2021 Live Update

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Cobra
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05/04/2021 Live Update

Post by Cobra »

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Maybe we have a head and shoulders top here, which mostly would fail though so I won't count on it.

Gap down below yesterday's range so likely a trend day either up or down.
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JFR
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Re: 05/04/2021 Live Update

Post by JFR »

SPY 5. Dropping like a rock.

2021-05-04_06-54-01.png
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Re: 05/04/2021 Live Update

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Re: 05/04/2021 Live Update

Post by JFR »

ES daily. Down to the EMA 20. Largest red bar since March.

2021-05-04_07-02-13.png
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Re: 05/04/2021 Live Update

Post by JFR »

SPY 5. Hitting the brakes. Trying to find some support.

Back a bit later.

2021-05-04_07-07-52.png
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Re: 05/04/2021 Live Update

Post by Cobra »

Breakdown to a new day low with strong bear bar in the next several bars then it's a downtrend day.
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Al_Dente
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Re: 05/04/2021 Live Update

Post by Al_Dente »

internals
view of the SHORT side
54iint.png.jpg
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JFR
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Re: 05/04/2021 Live Update

Post by JFR »

SPY 5. Pushing down.

Screenshot_20210504_080839.jpg
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Re: 05/04/2021 Live Update

Post by Cobra »

A little late but the breakdown may have confirmed it's a downtrend day. A down from open to close day has been rare so usually a later day rebound is expected.
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Re: 05/04/2021 Live Update

Post by JFR »

SPXU. Makin' hay when the sun don't shine. Plan B. Gotta like the inverse ETFs when the market heads south.

Screenshot_20210504_082431.jpg
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Al_Dente
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Re: 05/04/2021 Live Update

Post by Al_Dente »

ARKK (cathie wood) is down -4.29% today
now touching her 200sma, daily
54aark.png.jpg
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Re: 05/04/2021 Live Update

Post by JFR »

Dow 30. More red than green. But it is not completely one-sided.

Screenshot_20210504_090417.jpg
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Al_Dente
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Re: 05/04/2021 Live Update

Post by Al_Dente »

BIG TECH
Daily with 20sma
54tech.png.jpg
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Re: 05/04/2021 Live Update

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Re: 05/04/2021 Live Update

Post by JFR »

Alternatives.

Screenshot_20210504_092747.jpg
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Re: 05/04/2021 Live Update

Post by Cobra »

Strong breakout from here then bears are over. In theory it's the very first test of EMA20 in 2+ hours so should be sold, I just have no confidences in any bear setup.
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Al_Dente
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Re: 05/04/2021 Live Update

Post by Al_Dente »

spy box in a box, first target met (cyan)
qqq box, target roughly met (cyan)
not shown here SPX drop-dead stop is 4120, below that is the much needed 6+% correction
30min
54thirt.png.jpg
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Al_Dente
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Re: 05/04/2021 Live Update

Post by Al_Dente »

CNBC is blaming janet yellen for her comments
"... rates will have to rise..."
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Al_Dente
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Re: 05/04/2021 Live Update

Post by Al_Dente »

COMMODITIES
GENERALLY:
top panel: rates up commodities down … dollar up commodities down … CANE = up suggests inflation … DBC Commodities vs 30yr yield = up suggests inflation
bottom panel: various commodities
6 months daily, default 20/50ma
54COMMOD.PNG.jpg
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Al_Dente
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Re: 05/04/2021 Live Update

Post by Al_Dente »

TODAY
AAPL+MSFT+GOOG+AMZN+FB …. combined = down -2.84%
(worst is AAPL down -4.16%)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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