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04/21/2021 Live Update

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Cobra
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04/21/2021 Live Update

Post by Cobra »

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For now it looks like a bear flag so bias is a little little bit down.

Flat open, likely just a range day.
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Al_Dente
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Re: 04/21/2021 Live Update

Post by Al_Dente »

note NFLX
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 04/21/2021 Live Update

Post by Cobra »


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Mr. BachNut
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Re: 04/21/2021 Live Update

Post by Mr. BachNut »

The NYMO cycle is confirmed down with two closes below the zero line.
The cycle high was set April 6th giving us a benchmark price of SPX 4086.23.
The model gives odds of price being below the benchmark at the cycle low whenever that occurs.
That said, this bull has left us with a stranded benchmark from November at 3642.31. :roll:
All stranded benchmarks are likely to get closed eventually, but it will be at a time of Mr. Market's choosing. :lol:

At present, we have two open gaps above and seven below to serve as potential targets.
Price has come back inside the upper keltner band.
Bulls need to get price back up on top of the upper keltner in the next few sessions, or bears get odds for a trip to the middle keltner (or more).
As usual, I don't know what will happen.
I kind of feel like Mr. Market wants to get everyone off-sides and mess with everyone's head for awhile before the next trendy move, but let's see what happens.

I remain long a runner position in SPX. I am flat R2K.
I had a R2K long last post that was closed down some.
Short setups are incubating in both indexes.
NYMO 042121.jpg
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Cobra
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Re: 04/21/2021 Live Update

Post by Cobra »

The breakout could mean it's an uptrend day.
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JFR
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Re: 04/21/2021 Live Update

Post by JFR »

ES daily. Sliding downhill. Forming a base.

2021-04-21_07-48-29.png
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JFR
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Re: 04/21/2021 Live Update

Post by JFR »

Dow 30. More green than red.

2021-04-21_08-00-27.png
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Al_Dente
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Re: 04/21/2021 Live Update

Post by Al_Dente »

John Mauldin: “All it takes to create a bull market is for buyers to show up. All it takes to create a bear market is for the buyers to disappear.
Just reading the zeitgeist, I don’t think they’re going to disappear for a while.
"I am not bearish. I am 100% invested and as aggressive as I have ever been in my life. Just not in index funds.

MUST SEE: the first two tables:
https://www.zerohedge.com/markets/marke ... to+zero%29
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 04/21/2021 Live Update

Post by Al_Dente »

BULLISH:
The Architecture Billings Index is a leading indicator primarily for new Commercial Real Estate because FIRST you hire and bill an architect, then you get your building permits, then etc.
https://www.calculatedriskblog.com/2021 ... ated+Risk)
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Al_Dente
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Re: 04/21/2021 Live Update

Post by Al_Dente »

Internal Server Error
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MrMiyagi
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Post by MrMiyagi »

Al_Dente wrote:BULLISH:
The Architecture Billings Index is a leading indicator primarily for new Commercial Real Estate because FIRST you hire and bill an architect, then you get your building permits, then etc.
value of design
value of design
billings
billings
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JFR
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Re: 04/21/2021 Live Update

Post by JFR »

Some stocks hitting 3 month highs. Back later ...

2021-04-21_08-54-32.png
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Al_Dente
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Re: 04/21/2021 Live Update

Post by Al_Dente »

TA technical analysis:
Double top target (red boxes). Check.
Bounce at double bottom (lime arrows). Check.
Break out above downward sloping channel. Check.
That means a descending triangle with a measured move target (lime box) ? Please feel free to show me a better possibility here…. It can always break down, but odds slightly favor up ...
http://thepatternsite.com/dt.html
421des tri.png.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 04/21/2021 Live Update

Post by Al_Dente »

at the moment:
advancers are 4x decliners
and up volume is 5x down volume
421adv.png.jpg
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Al_Dente
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Re: 04/21/2021 Live Update

Post by Al_Dente »

[add]
haven’t seen that much AD strength since 26 March and 1 April
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Cobra
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Re: 04/21/2021 Live Update

Post by Cobra »


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Cobra
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Re: 04/21/2021 Live Update

Post by Cobra »

First touch of EMA20 in 2+ hours, should be a buy but sometimes it's just good for a scalp.
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Cobra
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Re: 04/21/2021 Live Update

Post by Cobra »

C&H, bias is up.
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Al_Dente
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Re: 04/21/2021 Live Update

Post by Al_Dente »

BULLISH ENGULFING on the daily ...
[depends on the price at the close]
http://thepatternsite.com/BullEngulfing.html
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Al_Dente
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Re: 04/21/2021 Live Update

Post by Al_Dente »

Miners are on track to reach their Inverse H&S target, but need to break above this last resistance (red arrows)
Daily
421nugt.png.jpg
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