04/04/2016 Live Update

[brokebybernacke2]

apple earnings!

April 25, I believe.

AAPL 50w - Mind the 50w 113.82, 200d 111.32 - dabbling short very small position .. in this range

might be early, but do think this fruit is way ripe....

Timeframe and timing is gonna matter as much as the levels, methinks.

timing is the trick, do not see apple going above the 50ma, playing it longer term, 65 bucks a fair price for apple in my book

[brokebybernacke2]

this week, wisconsin primary tues night, oil inventories wed market movers...

[superxy]

Daily SPY:

Price is around 206. We need to hit the lower bb by 4/9 (almost always happens). On 4/9, the lower bollinger band will probably be around SPY 200, which is only a 3% drop from current price and not a very valuable play unfortunately this time. It would have been nice to get a valid sell signal and a big drop but won't happen now probably. Could just ignore the setup now.

why spy has to hit bb low?

[fehro]

SPX

[JFR]

Breaking down to new low. Tricky day for scalpers and day traders. Chop. Chop. Chop.

[DellGriffith]

Daily SPY:

Price is around 206. We need to hit the lower bb by 4/9 (almost always happens). On 4/9, the lower bollinger band will probably be around SPY 200, which is only a 3% drop from current price and not a very valuable play unfortunately this time. It would have been nice to get a valid sell signal and a big drop but won't happen now probably. Could just ignore the setup now.

why spy has to hit bb low?

It almost always hits the lower bb within 1 month after the midpoint of the bands makes a bullish cross of the daily SPY 50 dma. That event happened on 3/9. So by 4/9 it should hit the lower bb. Happens over 90% of the time.

I won't play it unless I also get a sell signal tho.

[fehro]

another .. sloppy H&S we pause here.. 5m .. hourly candle not pretty..

[JFR]

ES, NQ and YM finding some support. Will it hold?

Back later ...

[Al_Dente]

[fehro]

SPX .. messy.. .. LOD goes..looking for 2058

[Cobra]

members only update at 12:03 pm
http://www.cobrasmarketview.com/2016/04 ... ay-update/

[Cobra]

double bottom, so we have the range low, now searching range high. assume it's day high for now.

[fehro]

SPX testing first sloppy neckline.. possible RS orange neckline.. stall and LOD goes.. look for 2056. dabble short.

[BullBear52x]

Today is not a day trader paradise.

[fehro]

Today is not a day trader paradise.

yet

[uempel]

A close look at the USD helps me understand what's going on.

Yellen wants to weaken the $$$.

If the Fed manages to push the US-Dollar further down (to levels seen in 2007 - 2011) the equity markets will rally like crazy - and so might inflation

USD versus a basket of currencies, appreciation of USD in 2014 halted the equity rally

EUR versus USD, should EUR shoot back up to previous highs the profits/revenue of US heavyweights with international exposure will increase

[fehro]

Factory orders dove 1.7% in February as reported today by the US Census Bureau.
The weakness did not stop with the headline number. January orders were revised lower to 1.2% from 1.6%.
Core capital goods plunged a whopping 2.5%, and shipments fell 0.7%. http://mishtalk.com/2016/04/04/factory- ... sed-lower/

Don't worry… FB 'Likes' and GOOGL "clicks" will save us!!
"It's the virtual economy, stupid !" !

[BullBear52x]

Today is not a day trader paradise.

yet

I am watching 2061 on /ES. a breakdown will indicate trend change is coming, for now above that line I will not be so overly bearish intraday.

[champix]

A close look at the USD helps me understand what's going on.

Yellen wants to weaken the $$$.

If the Fed manages to push the US-Dollar further down (to levels seen in 2007 - 2011) the equity markets will rally like crazy - and so might inflation

USD1.png

USDEUR.png

Totally agree on that uempel.
Her dovish tone means that she is not afraid to have inflation above 2 % (and so a weaker USD).

[brokebybernacke2]

what happened to ipos? no ipos any more?