12/01/2016 Live Update

[q2model]

Let's not forget this pattern ...

k.png

First three days are supposed to be bullish

[Al_Dente]

Bond Guru Jeff Gundlach [he oversees more than $106 billion at DoubleLine] said that markets could reverse the recent momentum in equities [something they appear to be doing this very moment] at the latest by the Jan. 20 inauguration. The strong U.S. stock market rally, surge in Treasury yields and strength in the U.S. dollar since Trump's victory more than three weeks ago look to be "losing steam… The bar was so low on Trump to the point people were expecting markets will go down 80 percent and global depression - and now this guy is the Wizard of Oz and so expectations are high …There’s no magic here.”
Putting money where his mouth is, Gundlach - who has been bearish on bonds for the past three months - said he had purchased Treasuries and Agency MBS as yields rose.
Specific forecast: Gundlach said that the "dollar is going down", bond yields and stocks have peaked, and gold will move up in the short term.
[Reuters today, via zh]

[Al_Dente]

NY advancing stocks = 0.9 x declining stocks (roughly 1-to-1 flat, chop at the moment)
NY advancing volume = 1.7 x declining volume
Wild guess that the volume is going into anything oil

NY advancing stocks = 0.6 x declining stocks
NY advancing volume = 1.2 x declining volume

NY declining stocks = 1.5 x advancing stocks
NY declining volume = 0.8 x advancing volume

Decent bear AD but lacking volume atm

[BullBear52x]

Clockworks, next sell need to fail for good entry on Mid term buy the dip, the lady is no where to be found so, first thing first.

[Al_Dente]

Clockworks, next sell need to fail for good entry on Mid term buy the dip, the lady is no where to be found so, first thing first.

What "lady" boss? The Fat Lady?

ALSO:
http://finviz.com/map.ashx

[ALdaytrade]

Reminder:

jj.png

Thank you for the chart. My chart indicates 1982 as support!

[Trades with cats]

ES relative volume is currently at 109% of the last 8 thursdays. 20 day average daily range (still messed up by election) has 2184 for a range low and 2206 for the high. The last bounce was off of S3 daily pivot and at the bottom of a 93% Keltner channel, so not a surprise that this is stretched to the limit for a down day. Wave counter I follow (coolbizone) was calling for a pullback to 2185-2175 a couple of days ago. He expects the up move to resume next week moving back to new highs as we have three weeks of Santa Rally.

[Al_Dente]

DOW JONES up 50 points
SPY IWM QQQ red

[K447]

Reminder:

jj.png

Thank you for the chart. My chart indicates 1982 as support!

1982?

[Al_Dente]

PEOTUS live link at Carrier plant:
http://www.zerohedge.com/news/2016-12-0 ... nt-indiana

[BullBear52x]

Clockworks, next sell need to fail for good entry on Mid term buy the dip, the lady is no where to be found so, first thing first.

What "lady" boss? The Fat Lady?

ALSO:
http://finviz.com/map.ashx

121heat.png.png

yes, during transitional from intraday to mid term entry it could get really tricky, but sell until it fails intraday, if failed Mid term position can be purchased to hold over night.

[fehro]

SPX .. weak.. hourly not convincing.. VIX still minor bull flag

[ALdaytrade]

Reminder:

jj.png

Thank you for the chart. My chart indicates 1982 as support!

1982?

Sorry, need some coffee. That should read 2182.

[Al_Dente]

PEOTUS live link at Carrier plant:
http://www.zerohedge.com/news/2016-12-0 ... nt-indiana

PEOTUS is late but here’s my math:
So it cost Indiana taxpayers $7,000 per employee per year to keep Carrier open
($700,000 per yr for 1,000 employees)
I suppose if you put that into perspective: it costs what? $25,000 or $32,000 per inmate per year in prisons nationally… so I guess that’s a good deal…
1400 were supposed to be fired…. The current arrangement is for 1,000 folks to keep their jobs.

[BullBear52x]

Entering mid term buy the dip zone, the drop can be as low as 20 ma or 50ma, this is why intraday failed move make a good heads up for early bird special.

[K447]

PEOTUS live link at Carrier plant:
http://www.zerohedge.com/news/2016-12-0 ... nt-indiana

PEOTUS is late but here’s my math:
So it cost Indiana taxpayers $7,000 per employee per year to keep Carrier open
($700,000 per yr for 1,000 employees)
I suppose if you put that into perspective: it costs what? $25,000 or $32,000 per inmate per year in prisons nationally… so I guess that’s a good deal…
1400 were supposed to be fired…. The current arrangement is for 1,000 folks to keep their jobs.

Um, the math works out to something under $700 per employee, no?

Article said $636 or close to that, I think

[BullBear52x]

PEOTUS live link at Carrier plant:
http://www.zerohedge.com/news/2016-12-0 ... nt-indiana

PEOTUS is late but here’s my math:
So it cost Indiana taxpayers $7,000 per employee per year to keep Carrier open
($700,000 per yr for 1,000 employees)
I suppose if you put that into perspective: it costs what? $25,000 or $32,000 per inmate per year in prisons nationally… so I guess that’s a good deal…
1400 were supposed to be fired…. The current arrangement is for 1,000 folks to keep their jobs.

Where 20 Trillion in national debt get us so far? give the guy a chance, election is over people. lets trade and make money here.

[Trades with cats]

Looking at the calendar, Jobs report tomorrow before the open. If it isn't too mangled by the after election giveback I am guessing meaningless. The 14th, in 9 trading days I suppose the market assumes the Fed will raise, given the 100% odds. I am guessing that the pace of future increases and what they say to congress will move the markets. There is a press conference so the Chair will have an opportunity to talk about Fed reaction to new fiscal policy. Then two days later triple witch. My silent partner El Fumar has looked into his magic cat dish and is predicting volatility!

[Cobra]

double bottom too small so hard to say whether the low was in or not.

[Al_Dente]

Um, the math works out to something under $700 per employee, no?
Article said $636 or close to that, I think

OOOOOPS THANK YOU VERY MUCH