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05/04/2021 Live Update

Re: 05/04/2021 Live Update

Postby Al_Dente » Tue May 04, 2021 1:51 pm

BAC’s clients were net sellers (-$2.2B) of US equities for the third week in a row... and are now net sellers on a YTD basis...
offset by a huge spike in BUYBACKS.
zh opines: “it's just a matter of days, if not hours, before hedge funds - whose prime brokers know with complete clarity about their extreme bearish positioning - are squeezed and push the broader market higher.”
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Re: 05/04/2021 Live Update

Postby BullBear52x » Tue May 04, 2021 3:17 pm

May it is....
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Re: 05/04/2021 Live Update

Postby BullBear52x » Tue May 04, 2021 3:27 pm

Cash SPX support to watch tomorrow, 4120 is the line in the sand for me.
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Re: 05/04/2021 Live Update

Postby Cobra » Tue May 04, 2021 3:32 pm


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Re: 05/04/2021 Live Update

Postby Xian » Tue May 04, 2021 3:34 pm

AAPL perfectly tagged its daily 55MA and weekly 10MA and weekly 20EMA. Usually I'd figure it'll go for a bounce here, but today's candlestick is big red and ugly, with heavy vol. We'll see.... no position.
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Re: 05/04/2021 Live Update

Postby Cobra » Tue May 04, 2021 3:51 pm


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Re: 05/04/2021 Live Update

Postby Cobra » Tue May 04, 2021 3:52 pm

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.

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