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01/09/2017 Live Update

01/09/2017 Live Update

Postby Cobra » Mon Jan 09, 2017 10:18 am

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3 push up, still appears strong, so might be another push up.
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Re: 01/09/2017 Live Update

Postby Cobra » Mon Jan 09, 2017 10:22 am


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Re: 01/09/2017 Live Update

Postby fehro » Mon Jan 09, 2017 10:25 am

SPX gapping down to 2273.. mind the morning gap. bearish rising wedge 60m.
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Re: 01/09/2017 Live Update

Postby JFR » Mon Jan 09, 2017 10:39 am

Overnight/weekend gap down.
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Re: 01/09/2017 Live Update

Postby fehro » Mon Jan 09, 2017 10:40 am

"IF" SPX can't fill morning gap ...looking to Jan 3rd gap fill to 2248 with green 60m bull flag support near 20d SMA at 2260 key level today
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Re: 01/09/2017 Live Update

Postby fehro » Mon Jan 09, 2017 10:48 am

TLT struggles at 50d 121.88… IWM super weak… NDX green thanks to AAPL FB nHODs . VIX 20d SMA 12.23 key
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Re: 01/09/2017 Live Update

Postby JFR » Mon Jan 09, 2017 10:56 am

Support levels
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Re: 01/09/2017 Live Update

Postby fehro » Mon Jan 09, 2017 11:01 am

/CL slips under 20d SMA 52.74, mind the H&S 60m.. neckline goes.. target 50d SMA at 49.26ish
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Re: 01/09/2017 Live Update

Postby Cobra » Mon Jan 09, 2017 11:03 am


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Re: 01/09/2017 Live Update

Postby JFR » Mon Jan 09, 2017 11:04 am

EWZ Brazil doing well
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Re: 01/09/2017 Live Update

Postby Trades with cats » Mon Jan 09, 2017 11:16 am

I have no context for this but it usually is a positive.
Zerohedge tweeting "Genscape Cushing inventory -784Kbbl for week ended Jan 6."
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Re: 01/09/2017 Live Update

Postby daytradingES » Mon Jan 09, 2017 11:21 am

trade the rumour sell the news

scratch that
trade the chart - sell the RORR
Good trading to all
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Re: 01/09/2017 Live Update

Postby Al_Dente » Mon Jan 09, 2017 11:52 am

UVXY: 5:1 reverse split effective at the market open on Jan. 12, 2017 when the fund will begin trading at the post-split price.
A few other reverse splits (udow, sqqq) and forward splits (sco, tqqq) listed here:
http://www.proshares.com/news/2016-12-22.html
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Re: 01/09/2017 Live Update

Postby te_fern » Mon Jan 09, 2017 12:02 pm

Hi Al_Dente, are your vol charts shows bullish or bearish for S&P and IWM?
thanks!
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Re: 01/09/2017 Live Update

Postby Al_Dente » Mon Jan 09, 2017 12:11 pm

All those glorious highs Friday (except the dow and small caps and tran) and no follow through yet today.
Small caps are at a critical point, testing the bottom line support at 134.26 IWM
60 min
19sixty.png.png

SPY megaphone or “Broadening Top”
http://thepatternsite.com/bt.html

RARE H&S formation on the “Ratio of Small Caps to Large Caps” (bottom panel)
If we just treat it as a regular H&S pattern, it broke the neckline Friday
That is “risk-off” for IWM until it reverses
19ratio.png.png
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Re: 01/09/2017 Live Update

Postby Al_Dente » Mon Jan 09, 2017 12:31 pm

te_fern wrote:Hi Al_Dente, are your vol charts shows bullish or bearish for S&P and IWM?
thanks!

On my daily: 1/VIX is still bull-spy
On my daily: 1/RVX still barely bull-IWM; if IWM closes down today, it should flip
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Re: 01/09/2017 Live Update

Postby Al_Dente » Mon Jan 09, 2017 12:41 pm

NY advancing stocks = 0.78 x declining stocks
NY advancing volume = 0.79 x declining volume
NY declining stocks = 1.28 x advancing stocks (down from >2x this morn)
NY declining volume = 1.28 x advancing volume

Bears were favored this morn, now its “chop” which is anybody’s game intraday
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Re: 01/09/2017 Live Update

Postby Al_Dente » Mon Jan 09, 2017 12:45 pm

History suggests that the S&P 500 will continue to rally through Trump’s first 100 days in office [through the end of April] as six of the last nine (66.7%) newly elected Presidents were greeted with S&P 500 gains.
“The current rally has been solid, but there have been better.”
http://jeffhirsch.tumblr.com/post/15540 ... ts-through
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Re: 01/09/2017 Live Update

Postby te_fern » Mon Jan 09, 2017 12:47 pm

Al_Dente wrote:
te_fern wrote:Hi Al_Dente, are your vol charts shows bullish or bearish for S&P and IWM?
thanks!

On my daily: 1/VIX is still bull-spy
On my daily: 1/RVX still barely bull-IWM; if IWM closes down today, it should flip


Thanks Boss!!
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Re: 01/09/2017 Live Update

Postby Cobra » Mon Jan 09, 2017 12:58 pm


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