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05/04/2021 Live Update

05/04/2021 Live Update

Postby Cobra » Tue May 04, 2021 8:33 am

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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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Re: 05/04/2021 Live Update

Postby JFR » Tue May 04, 2021 9:55 am

SPY 5. Dropping like a rock.


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

Postby Cobra » Tue May 04, 2021 10:01 am


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Re: 05/04/2021 Live Update

Postby JFR » Tue May 04, 2021 10:03 am

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

Postby JFR » Tue May 04, 2021 10:08 am

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

Postby Cobra » Tue May 04, 2021 10:35 am

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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Re: 05/04/2021 Live Update

Postby Al_Dente » Tue May 04, 2021 10:38 am

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

Postby JFR » Tue May 04, 2021 11:08 am

SPY 5. Pushing down.


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

Postby Cobra » Tue May 04, 2021 11:23 am

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

Postby JFR » Tue May 04, 2021 11:26 am

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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Re: 05/04/2021 Live Update

Postby Al_Dente » Tue May 04, 2021 11:37 am

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

Postby JFR » Tue May 04, 2021 12:04 pm

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


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Re: 05/04/2021 Live Update

Postby Al_Dente » Tue May 04, 2021 12:18 pm

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

Postby Cobra » Tue May 04, 2021 12:18 pm


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Re: 05/04/2021 Live Update

Postby JFR » Tue May 04, 2021 12:27 pm

Alternatives.


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Re: 05/04/2021 Live Update

Postby Cobra » Tue May 04, 2021 12:32 pm

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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Re: 05/04/2021 Live Update

Postby Al_Dente » Tue May 04, 2021 12:51 pm

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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Re: 05/04/2021 Live Update

Postby Al_Dente » Tue May 04, 2021 1:06 pm

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

Postby Al_Dente » Tue May 04, 2021 1:38 pm

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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Re: 05/04/2021 Live Update

Postby Al_Dente » Tue May 04, 2021 1:43 pm

TODAY
AAPL+MSFT+GOOG+AMZN+FB …. combined = down -2.84%
(worst is AAPL down -4.16%)
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