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10/12/2016 Live Update

fehro
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Re: 10/12/2016 Live Update

Post by fehro »

SPY 5m.. mind the FOMC 2:00pm fireworks :roll:
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BullBear52x
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Re: 10/12/2016 Live Update

Post by BullBear52x »

another one.
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BullBear52x
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Re: 10/12/2016 Live Update

Post by BullBear52x »

no new high from here then we may see the HOD,
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BullBear52x
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Re: 10/12/2016 Live Update

Post by BullBear52x »

last buy was no go, bears turn from here.
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Al_Dente
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Re: 10/12/2016 Live Update

Post by Al_Dente »

LATE
YESTERDAY
Who shall we blame for yesterday’s rout?
[Spoiler alert: Alcoa eps, no…..Oil, no…..U.S. Dollar, yes..]
http://www.marketwatch.com/story/this-c ... 2016-10-11


ELSEWHERE, YESTERDAY
QQQ
“We are already making a higher high and lower low than last week which makes this an outside week…” [already] … We are also taking out the previous weeks' highs and lows so it is a double outside week. Last week was a doji candle which implies uncertainty, but it did make a higher high. What these candles are telling us is that the market is having trouble holding these higher highs after breaking out 3 weeks ago.”
[Greg Schnell]
http://stockcharts.com/articles/dont_ig ... entum.html
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
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Re: 10/12/2016 Live Update

Post by Trades with cats »

Negative opinion from Bloomberg-Several charts, but the bottom line is Hawkish debate will tank market.
"It doesn’t matter if a more balanced assessment of the minutes in the coming weeks subsequently rules out November again. The technical damage likely to be done during the next 24 hours will provide both another shock to markets and further boost to broader volatility."

http://www.zerohedge.com/news/2016-10-1 ... wkish-jolt

Obviously we will see how good their crystal ball is shortly. :lol:
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BullBear52x
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Re: 10/12/2016 Live Update

Post by BullBear52x »

just a silly thinking, they can lower dollar to help heeling the drop.
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champix
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Re: 10/12/2016 Live Update

Post by champix »

champix wrote:ES : if we manage to stay above 5 min EMA20 and see 2136 and break the triangle on the upside, immediate target should be 2140-2142.
Below 2136, looks like we go down... :)
Nothing new, waiting for the minutes to find a direction.
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Cobra
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Re: 10/12/2016 Live Update

Post by Cobra »

pullback as expected but it's much weak than I thought. anyway 8 min to show time.
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fehro
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Re: 10/12/2016 Live Update

Post by fehro »

mind the orange invs H&S for the FOMC "head fake" :roll: ..otherwise the cyan invs H&S for the pop up then fail :roll: .. buckle up.. probably a non event today :lol: :roll: just to screw with us
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Cobra
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Re: 10/12/2016 Live Update

Post by Cobra »

the chart is up biased going into show time by the way.
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Out of Bounds
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Re: 10/12/2016 Live Update

Post by Out of Bounds »

$USD dropping
...
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BullBear52x
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Re: 10/12/2016 Live Update

Post by BullBear52x »

bears will sell this 2x top and will see who's the man today? /DX is droping like i THOUGHT. so bear be ware.
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BullBear52x
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Re: 10/12/2016 Live Update

Post by BullBear52x »

Out of Bounds wrote:$USD dropping
yep :)
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Cobra
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Re: 10/12/2016 Live Update

Post by Cobra »

show time.
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fehro
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Re: 10/12/2016 Live Update

Post by fehro »

BullBear52x wrote:
Out of Bounds wrote:$USD dropping
yep :)
hmm not so much.. "yet"…. head fakes.
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Al_Dente
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Re: 10/12/2016 Live Update

Post by Al_Dente »

*FED: SEVERAL OFFICIALS SAID DECISION TO WAIT WAS ‘CLOSE CALL’
*FED SAYS SEVERAL FOMC MEMBERS SAW RATE RISE ‘RELATIVELY SOON’
*FED: IT WAS NOTED ‘REASONABLE ARGUMENT’ COULD BE MADE TO HIKE

“Several participants expressed concern that continuing to delay an increase in the target range implied a further divergence from policy benchmarks based on the committee’s past behavior or risked eroding its credibility
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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BullBear52x
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Re: 10/12/2016 Live Update

Post by BullBear52x »

fehro wrote:
BullBear52x wrote:
Out of Bounds wrote:$USD dropping
yep :)
hmm not so much.. "yet"…. head fakes.
We can not have our cake and eat it too :lol: they need lower dollar to pop the market, can not have it both way.
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Re: 10/12/2016 Live Update

Post by Trades with cats »

Pasta Boss, could you get Jay Leneo to read that last line please :lol: :lol: :lol:
fehro
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Re: 10/12/2016 Live Update

Post by fehro »

Al_Dente wrote:*FED: SEVERAL OFFICIALS SAID DECISION TO WAIT WAS ‘CLOSE CALL’
*FED SAYS SEVERAL FOMC MEMBERS SAW RATE RISE ‘RELATIVELY SOON’
*FED: IT WAS NOTED ‘REASONABLE ARGUMENT’ COULD BE MADE TO HIKE

“Several participants expressed concern that continuing to delay an increase in the target range implied a further divergence from policy benchmarks based on the committee’s past behavior or risked eroding its credibility

:roll: :lol: :lol: :lol: what credibility? … too funny! :roll:
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