04/08/2016 Live Update

[K447]

... USDCAD down.

USD/CAD has stayed within a downchannel since the 1.468 high circa Jan 20

Unique essentially called that high rather nicely;
viewtopic.php?f=2&t=1917&p=211977&hilit=CAD#p211977

[uempel]

Bullish Percentages neutral:

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

Ellipses on daily SPX suggest a good move for Monday (I hope I drew the ellipses precisely. As I have not been drinking piña colada it should be ok)

[Al_Dente]

NY advancing stocks are 7 x declining stocks
NY advancing volume is 5 x declining volume

[Daniel]

ILF, EWZ fresh hod, following oil.. both up >4.5% today.

[K447]

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/

[josephli]

USDJPY bounced, Crude big up. SPX should retest the box edge of 2065, also the gap area.

[Daniel]

Breakfast with Bachnut.
The NYMO cycle remains down with a benchmark price of SPX 1993.69.

Wow, first you limited us to just Fridays with Bachnut, now it's just the AM on Fridays. Pretty soon we'll be lucky to get 5min soundbytes monthly.



Meanwhile, that 1993 target is some widely-followed monthly pivot as well, I've seen it suggested as a downside support zone by a couple of pundits.

Intraday, signs of strength across many sectors, both KRE and XLB are now near or at highs, with transports close as well.

[Daniel]

Notably weak since the Open: IBB, XRT, QQQ, FXI

[MrMiyagi]

spy

[fehro]

well, janet and pals came thru like gold. so far plan posted yesterday goes nearly perfecto....fed meeting monday with an uemple elliptical time move coinciding....

what fed meeting monday?

http://www.zerohedge.com/news/2016-04-0 ... cuss-rates mentioned it in my first post this am

[Daniel]

NY advancing stocks are 7 x declining stocks

down to about 5.5 to 1, but still lopsidely bullish.. as the first touch this AM of the 5min 20ema on SPY is being bought.

[Out of Bounds]

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[josephli]

well, janet and pals came thru like gold. so far plan posted yesterday goes nearly perfecto....fed meeting monday with an uemple elliptical time move coinciding....

what fed meeting monday?

http://www.zerohedge.com/news/2016-04-0 ... cuss-rates mentioned it in my first post this am

thanks. i vaguely remember there used to be such meeting, but nothing came out of it, nor market reacted to it.

[Daniel]

EWG, EEM, QQQ, IBB fresh lod

[Cobra]

test ema20, let's see any buyers here.

[fehro]

bulls see a bull flag on the daily.. a break above HOD, 2063-66 gap could see sharp up move.. bears see the H&S on the 60m

[Daniel]

I see a red Snogginhosh!

[Daniel]

..and a fresh hod for FXY and SLV

[Out of Bounds]

I see a red Snogginhosh!

It's like the MACD for trailer parks.

[fehro]

as per yesterday …. FB not having a good day.. viewtopic.php?f=2&t=1998&start=100#p219805