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10/21/2016 Live Update

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Cobra
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10/21/2016 Live Update

Post by Cobra »

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no idea up or down here. maybe the pullback has legs?
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Cobra
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Re: 10/21/2016 Live Update

Post by Cobra »


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fehro
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Re: 10/21/2016 Live Update

Post by fehro »

gapping down… my timing was off by a day.. :roll: SPX opening near 2131 under 20w 2143.79. Mind the morning gap.. the Wed's gap.. and lower gap 2108-2100
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fehro
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Re: 10/21/2016 Live Update

Post by fehro »

DXY USdollar.. continues it's up move… over 100ish.. looking for 12% move to 112ish..
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Monthly…. LONG long term
Monthly…. LONG long term
Screen Shot 2016-10-21 at 6.14.28 AM.png
fehro
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Re: 10/21/2016 Live Update

Post by fehro »

http://www.zerohedge.com/news/2016-10-2 ... -counting? Interesting ….about index ETF's rebalancing near EOD … chatter about probes into the shady practice..
fehro
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Re: 10/21/2016 Live Update

Post by fehro »

SPX.. mind the 15.50 - 16 level VIX.. over that buckle up big time index wise.. fwiw
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Trades with cats
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Re: 10/21/2016 Live Update

Post by Trades with cats »

fehro wrote:http://www.zerohedge.com/news/2016-10-2 ... -counting? Interesting ….about index ETF's rebalancing near EOD … chatter about probes into the shady practice..
Yes, my late day 'good for 3 points' trade is definitely gone. Was pretty hit and hiss the last couple of weeks. Of course with all the withdrawals rebalance may be code word for raising cash. :lol:
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Cobra
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Re: 10/21/2016 Live Update

Post by Cobra »


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Daniel
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Re: 10/21/2016 Live Update

Post by Daniel »

Latin Am, oil producers (XOP) hod
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Cobra
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Re: 10/21/2016 Live Update

Post by Cobra »


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superxy
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Re: 10/21/2016 Live Update

Post by superxy »

morning red hollow bar...


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fehro
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Re: 10/21/2016 Live Update

Post by fehro »

http://www.aaii.com/sentimentsurvey/sent_results Bear side of the camp starting to get heavy.. for the contrarian trade.. fwiw
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Daniel
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Re: 10/21/2016 Live Update

Post by Daniel »

intraday recovery in financials is powering the recent recovery surge in the indexes

USO hod. FXY lod.

XLK is strong dog! KRE now green.
Last edited by Daniel on Fri Oct 21, 2016 10:31 am, edited 1 time in total.
Daniel
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Re: 10/21/2016 Live Update

Post by Daniel »

Opex Fri am session volatility is almost entirely absent today, in the ETFs
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Re: 10/21/2016 Live Update

Post by Trades with cats »

Well here we go. Broke out of the Average Daily Noise band. Opening gap isn't that far away. At this rate it will make it by the close.
Daniel
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Re: 10/21/2016 Live Update

Post by Daniel »

rvx lod. XBI also a strong dog.
Daniel
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Re: 10/21/2016 Live Update

Post by Daniel »

bulls beware... Naz advancers, which have been leading market price all morning, are starting to stall out here.

Could be a harbinger of momentum dropoff.

:|
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DellGriffith
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Re: 10/21/2016 Live Update

Post by DellGriffith »

Stock market has gone nowhere for months. So when we gapped down on the open, everyone went long ASAP, correct?
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
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Mr. BachNut
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Re: 10/21/2016 Live Update

Post by Mr. BachNut »

Another Friday BachNut... and I am really glad it is Friday.

The NYMO cycle may have turned up, but it is unclear.
In a 4 day move, it broke prior local highs and had a close above the zero line. Bullish.
However, corrective moves to the zero line are common. So, we could see down cycle resumption from here. Time will tell.
I am leaning bullish because NYMO made an intraday low in the turn zone last week and the October price low came with a positive NYMO divergence relative to September.
A NYMO close above Wednesday would confirm the up cycle.

I have been commenting about a lot of supply trapped above the August price low.
Over the last several days, price has found resistance right about that August low. So, that appears to be an important price.
I am viewing the October 13 low (which is in an established support area) and the October 14 high (which is about that August low) as key price levels.
A good break (more than an algo stop run) of one of those levels (2114.74, 2149.19) will have me looking for a move to the respective set of targets.
Until then it may be chop chop. If we have an up cycle that breaks up, I am inclined to anticipate a choppy move up given this trapped supply issue.
If we get a break down, we may see a flush.

October month end is a week from Monday.
I tend to have a bullish bias for this time as this month end does feed into manager performance bonuses.

I am flat. Shorts from prior weeks got profit/breakeven stopped. I was not left with a lot to show for my effort.
The choppy price action since July has really started to get grinding.
The routine has been put on a position, fight to hold it, scale out a piece to get some profit, watch the rest get stopped out for nothing or not much, do it again.
A nice directional run will no doubt arrive once everyone is worn out.
I don't think I'll be doing anything in equities today. Not sure if the next trade is long or short.
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Daniel
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Re: 10/21/2016 Live Update

Post by Daniel »

DJT, XLI, XBD all fresh hod

NYSE and Naz up/down volume is still bearish, but MUCH less so than the first half hour.
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