04/01/2016 Live Update

[fehro]

SPX that hourly doesn't look convincing.. dabble short .. on this bounce..

[JFR]

Failure to break out on first attempt. Down to support. Tight trading range.

[Cobra]

members only update at 12:08 pm
http://www.cobrasmarketview.com/2016/04 ... ay-update/

[fehro]

Rut red, TRANSports red weak again.. and testing the 200d/20d confluence, GLD testing 50d almost 2 pennies short from LOD. TLT green again today.

[uempel]

BPNYA down 0.35 percent, BPSPX down 1.01 percent, only BPCOMPQ is up 0.82 percent.

http://stockcharts.com/freecharts/candl ... BPENER|B|0

Should BPNYA refuse to break higher than 65 in April we're in for a correction.

[Royal Flush]

If one looks at the ETH daily chart before the open it was a bear bar sitting on the bull trend line, now one can see what was to be expected today. My preference is to trade with ETH charts, I would be lost without them.

[fehro]

FOMC Mester up soon… http://www.investing.com/economic-calendar/

[Cobra]

pullback as expected. generally it should be bought.

[fehro]

gotta couple minor sloppy H&S on the very short time frames.. minutes.. one with another and possible another… VIX "could" get explosive

[fehro]

SPX … yeah.. messy.. H&S layered cake.. 1m .. question is will I be eating cake?.. or will it I end up with a cake face plant..

[uempel]

A correction is in the cards in the next few days. Problem is that bold statements like this tend to be wrong

[Denali92]

I would disagree that they tend to be wrong - other than bullish 1st of April seasonality.... you have the general April tendencies supporting you.

http://www.cobrasmarketview.com/2016/03 ... est-ema20/

My work definitely says a correction for a few days .... the challenge of April is that it is not likely to trend, but instead be down for a few days to a week, up for a few days to a week, down, up, down and then FINISH UP!

-D

A correction is in the cards in the next few days. Problem is that bold statements like this tend to be wrong

aa.png

b.png

[Denali92]

One other thing to note - MID and RUT really tracked oil while SPX did not .... so MID and RUT may show more pronounced strength or weakness depending on crude....

I sense we will know a lot more next Tuesday once the seasonality is out of the way...

-D

[fehro]

SPX … yeah.. messy.. H&S layered cake.. 1m .. question is will I be eating cake?.. or will it I end up with a cake face plant..

..pullback a little further.. the bulls see their invs H&S… messy too.. yellow neckline ..

[uempel]

SPX mirrors USD/EUR. As to why USD is so weak and EUR so strong - nobody knows for sure. There are at least 1'000 theories and I've heard them all

[Al_Dente]

HAPPY BIRTHDAY APPLE !!
40 years old
(April 1, 1976)

btw: Here is what Laurene Powell Jobs (Steve’s widow) owns:
http://www.businessinsider.com/breakdow ... lth-2016-3

[fehro]

SPY 5m.. competing very messy H&S and Invs H&S fwiw..

[uempel]

HAPPY BIRTHDAY APPLE !!
40 years old
(April 1, 1976)

btw: Here is what Laurene Powell Jobs (Steve’s widow) owns:
http://www.businessinsider.com/breakdow ... lth-2016-3

Al, honestly, I'm very glad I'm not tied to those kinds of assets. Two planes? Hey, I don't want a plane A huge house? Why should I want a huge house?

[Al_Dente]

...Al, honestly, I'm very glad I'm not tied to those kinds of assets. Two planes? Hey, I don't want a plane A huge house? Why should I want a huge house?

agree

[fehro]

VIX testing LOD.. RUT goes green