04/08/2016 Live Update

[Royal Flush]

I see a red Snogginhosh!

Hi Daniel,

What is this "Snogginhosh"? This sell off caught me by surprise, I could sure use one of them!

TIA,
RF

[Cobra]

the pullback may have small legs

[Denali92]

Denali, thank you for the posting yesterday;

With the moves last Friday and yesterday, this has not been a straightforward April so far.
...

http://www.cobrasmarketview.com/2016/04 ... ay-update/

Happy to try to help with providing the history....

Market is volatile and not normal right now - very BEAR market type of behaviour, so it will be interesting to see how this all plays out...

-D

[Out of Bounds]

I see a red Snogginhosh!

Hi Daniel,

What is this "Snogginhosh"? This sell off caught me by surprise, I could sure use one of them!

TIA,
RF

The Snogginhosh is an indicator I wrote that measures the difference
between a 20 EMA and a 20 SMA (though you can customize it).
It works best when used on /ES (not SPY) with 1 hour candles. Any
gaps will throw it off for a while which is why it works better on /ES and not SPY

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2016/04 ... ay-update/

[Daniel]

I see a red Snogginhosh!

Hi Daniel,What is this "Snogginhosh"?

RF, do not believe a word OOB says about this indicator. It's a variant of any kind of faster MA crossing a slower MA type macd indicator. By 'trailer park' I assumed he meant "fast living or fast moving"... these indicators are early, accurate--but mercurial. I use a 10ema vs 10sma on daily charts to generate early signals of weakening and strength.

But the way he actually uses it is more like the way a gypsy uses tea leaves. There are UVXYs and Russell 2K breadth variables he stirs into the cup, then he gazes.

He himself described it as a "hodgepodge", which is french for mishmash.

[Out of Bounds]

I see a red Snogginhosh!

Hi Daniel,What is this "Snogginhosh"?

RF, do not believe a word OOB says about this indicator. It's a variant of any kind of faster MA crossing a slower MA type macd indicator. By 'trailer park' I assumed he meant "fast living or fast moving"... these indicators are early, accurate--but mercurial. I use a 10ema vs 10sma on daily charts to generate early signals of weakening and strength.

But the way he actually uses it is more like the way a gypsy uses tea leaves. There are UVXYs and Russell 2K breadth variables he stirs into the cup, then he gazes.

He himself described it as a "hodgepodge", which is french for mishmash.

Don't discount tea leaves. Most people use the wrong kind of tea.

[Daniel]

QQQ, SMH, FXI fresh lod!

[Al_Dente]

[fehro]

SPX nears morning gap .. at "sticky" yellow trend again..

[Al_Dente]

The Snogginhosh is an indicator I wrote that measures the difference
between a 20 EMA and a 20 SMA (though you can customize it).
It works best when used on /ES (not SPY) with 1 hour candles. Any
gaps will throw it off for a while which is why it works better on /ES and not SPY

i am a big fan of the Snoggenheimer and i wish u would post it more often

[Cobra]

C&H target.

[Out of Bounds]

i am a big fan of the Snoggenheimer and i wish u would post it more often

OK

[Daniel]

I see a red Snogginhosh!

Don't discount tea leaves. Most people use the wrong kind of tea.

-yes, as stated, you have to buy the tea from a gypsy. Family secret blend.

[Denali92]

Just thinking out loud here...

the last WEAK ending to a week this year was Friday, Feb 5th employment day.... in fact, there have only been two RED last day of the week (as the end of the week was Thursday, the 24th of March) candlesticks this year.

Note: Both times we bottomed briefly on the Monday after and rallied to the Wednesday before going lower.

May not mean anything... but as this is the end of the 14th week and before today, there have only been two red candles, it is notable if nothing else.... Cobra will probably run the stats and tell me that this year is nothing compared to xxxx year where there were 40 plus green candles to end each week during the year or something like that, but it is another point about how different this market has been this year...

-D

[Daniel]

Facebook down 3% is the culprit bringing down QQQ.

[fehro]

COMPQ weak <200d again, and red with NDX

[MrMiyagi]

Facebook down 3% is the culprit bringing down QQQ.

IBB is a bigger culprit.

[K447]

... as the end of the week was Thursday, the 24th of March ...

Are there posted seasonality charts for 'first trading day of week' and 'last trading day of week'?

As opposed to Mondays and Fridays...

http://stockcharts.com/public/1684859/c ... /227908289;

[Daniel]

While QQQ is red, and AAPL is flat, JNK is holding in, +0.60%

HYG is less strong, +0.45%, but also holding its sizable gap.