04/05/2016 Live Update

[uempel]

Bullish Percentages suggest that the February rally is over

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

[fehro]

SPX triangle / bear flag.. or bearish rising wedge.. 5m should we drift up into late afternoon. VIX bull flag.

[brokebybernacke2]

SPX triangle / bear flag.. or bearish rising wedge.. 5m should we drift up into late afternoon. VIX bull flag.

yep, peekaboo.....

[josephli]

Bullish Percentages suggest that the February rally is over

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

your Friday time signal may be a topping one. kudos

[fehro]

SPX triangle / bear flag.. or bearish rising wedge.. 5m should we drift up into late afternoon. VIX bull flag.

yep, peekaboo.....

was talking about the 15m.. but sure.. testing 20d..

[Trades with cats]

Well hype and algos can only get you so far and then fundamentals re-assert themselves. It is going to be a bad earnings season on a GAAP basis. BofA reports yet another week of customer selling equities, the 10th in a row. I don't know if Denali has the stats for a Jobs report rally that then turns around and fails early the next week but to me I agree with the narrative that says the Fed is now sidelined and the news is exactly what it is. That is to say good is good and bad is bad. But a specter of old economics professors haunts the short sellers so I am thinking who would short now with a solid week of Fed speak ahead of us?

For the doom and bust fans they have updated the analog.

[MrMiyagi]

Intraday NYMO at -37.77, low was around -44.

[MrMiyagi]

spy

[BullBear52x]

bearish crossed, confirmed.

[Trades with cats]

Atlanta Fed GDP NOW adjusted for trade in at 0.4%. I remember reading that below 0.6 has always been followed by recession.

[Cobra]

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

[fehro]

SPX … consolidating.. should be down.. triangle 5m.. but goes up.. then just a bear flag.. bearish rising wedge. 20d @ 2035.65 / 50w SMA at 2030

[BullBear52x]

Common chart pattern. 20+ points to down side is not crazy target from here.

[superxy]

2551.png

do you have 10 day summary? Thanks!

[fehro]

20d SPX /SPY coming into range... 2036ish 203.52 looking for a tag if LOD goes

[fehro]

Transports and COMPQ slip under 200d..

[JFR]

Support at the opening price. Holding, so far.

[Al_Dente]

[Daniel]

Retailing (XRT) lod, while XHB (home building, improvement) is much closer to a high than a low. People must be giving up buying bling in order to put on an addition.

Other correlations are odd, too. SPY and QQQ are very near lod as I write this, yet many key sub-sectors are actually in the upper half of day's range.

This usually means something "big basket" like futures or some kind of arbitrage is going on. It's hard for a broad average to be more extreme than most of its components.

[BullBear52x]

bears will get new LOD, after that 2026, 161.8% extensions.