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05/04/2021 Live Update

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Al_Dente
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Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/04/2021 Live Update

Post by Al_Dente »

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.”
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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BullBear52x
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Re: 05/04/2021 Live Update

Post by BullBear52x »

May it is....
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BullBear52x
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Re: 05/04/2021 Live Update

Post by BullBear52x »

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

Post by Cobra »


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Xian
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Joined: Tue Aug 02, 2011 10:03 am

Re: 05/04/2021 Live Update

Post by Xian »

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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Cobra
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Re: 05/04/2021 Live Update

Post by Cobra »


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Cobra
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Re: 05/04/2021 Live Update

Post by 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.

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