The Trump administration has exempted smartphones and consumer
electronics from the tariffs
Not exactly a trade deal, but definitely positive news for tech
— Friday’s price action hinted something bullish was brewing.
Apple was getting bid up like crazy yesterday, don’t tell me
this wasn’t leaked, all bunch of crooks. (TT3)
Particularly positive for Nasdaq upon first glance at least as
you can see below with first reading +159 then +350 Tech. As
stated late Friday, be aware of potential news.
Posted by mastermind on 12th of Apr 2025 at 01:38 pm
Interesting, Steve. So at what point in the day is it valid to
gauge the up volume, intra-day or should it be at the close? And
that heavy short area is probably what would fit your definition of
a supply zone, right?
You can glance at intraday volume but the close is what
matters.
Question 2 reply, yes go examine the SPX chart yourself
after my Thursday newsletter tutorial on identifying valid supply
zones. Put in the work ahead of time instead of chasing a
dozen names blindly.
This remains a very fluid backdrop and one must remain nimble.
It's not just tariffs as many sectors/ stocks peaked months
prior. The daily volume on ES last week extraordinary around
3 million contracts a day, much greater than 2008 but we now have
so many more leveraged instruments and 0DTE degens.
Weekend News
Posted by steve on 12th of Apr 2025 at 10:16 am
The Trump administration has exempted smartphones and consumer electronics from the tariffs
Not exactly a trade deal, but definitely positive news for tech — Friday’s price action hinted something bullish was brewing.
Apple was getting bid up like crazy yesterday, don’t tell me this wasn’t leaked, all bunch of crooks. (TT3)
Particularly positive for Nasdaq upon first glance at least as you can see below with first reading +159 then +350 Tech. As stated late Friday, be aware of potential news.
Data Points
Posted by steve on 12th of Apr 2025 at 10:54 am
Friday was an 80% volume up day and now bulls want to see another such day for Thrust. If no thrust occurs then re-test more likely
Some further insights that I monitor - this is the Lowry Approach. No Thrust=no Trust.
Interesting, Steve. So at what
Posted by mastermind on 12th of Apr 2025 at 01:38 pm
Interesting, Steve. So at what point in the day is it valid to gauge the up volume, intra-day or should it be at the close? And that heavy short area is probably what would fit your definition of a supply zone, right?
You can glance at intraday
Posted by steve on 12th of Apr 2025 at 06:18 pm
You can glance at intraday volume but the close is what matters.
Question 2 reply, yes go examine the SPX chart yourself after my Thursday newsletter tutorial on identifying valid supply zones. Put in the work ahead of time instead of chasing a dozen names blindly.
This remains a very fluid backdrop and one must remain nimble. It's not just tariffs as many sectors/ stocks peaked months prior. The daily volume on ES last week extraordinary around 3 million contracts a day, much greater than 2008 but we now have so many more leveraged instruments and 0DTE degens.
Monster Monday....
Posted by shellson2 on 12th of Apr 2025 at 10:28 am
Monster Monday....