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02/23/2017 Live Update

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Cobra
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02/23/2017 Live Update

Post by Cobra »

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hopefully it's a rising wedge but even it is, it'd take awhile for the wedge to work no to mention sometimes if not mostly it doesn't work.
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Cobra
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Re: 02/23/2017 Live Update

Post by Cobra »


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BullBear52x
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Re: 02/23/2017 Live Update

Post by BullBear52x »

sell is the only play left this week. this market is out of mind.
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Re: 02/23/2017 Live Update

Post by Trades with cats »

Opposite view to fast money show/ Experienced trader telling it like he sees it. No fowl language for a change, probably because he had no comments on Fed Reserve.
http://www.econmatters.com/2017/02/tech ... um=twitter
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Re: 02/23/2017 Live Update

Post by Trades with cats »

DX 03-17 (60 Min) _ ES 03-17 (60 Min) _ TF 03-17 (60 Min)  2_23_2017.jpg
Anybody wonder why I spend time with the small caps just look at the difference in price action today. Since the change by the exchange the ES and the TF have the same dollar value per point ($50) Again this chart is Mountain time add 2 hours for New York.
q2model
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Re: 02/23/2017 Live Update

Post by q2model »

BullBear52x wrote:sell is the only play left this week. this market is out of mind.
Totally agree, all sentiment indicators I use are overbought. From interest rate, sentiment, valuation point of view, this market is running on fume.
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Re: 02/23/2017 Live Update

Post by Trades with cats »

For the record the trader in Huston who's audio tape I posted above is saying that with the low volume overbought conditions all it is going to take is one big player making the decision to get out and we will see panick with back to back 100 point down days as we have all seen before. He was mocking the fast money crowd.
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Re: 02/23/2017 Live Update

Post by BullBear52x »

will my reversal strip turn green again? that mean there will be more up. it is what it is, the day still young will see how it plays out.
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Re: 02/23/2017 Live Update

Post by Trades with cats »

Does it mean anything that Elon Musk (The "Music Man" of the 21st century) seems to have lost his ability to be a spell binder? Supposedly Tesla is down 2 billion in market cap since earnings last night.
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Cobra
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Re: 02/23/2017 Live Update

Post by Cobra »


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Re: 02/23/2017 Live Update

Post by Trades with cats »

Finally leg two of the drop. Smalls below yesterday's low, ES closing the morning gap.
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BullBear52x
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Re: 02/23/2017 Live Update

Post by BullBear52x »

a resume on yesterday weakness will be a mother of reversal. home rum again for short seller this morning.
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Cobra
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Re: 02/23/2017 Live Update

Post by Cobra »

now it's support area.
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Re: 02/23/2017 Live Update

Post by BullBear52x »

like a knife gone through a hot cake eh?
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Cobra
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Re: 02/23/2017 Live Update

Post by Cobra »

morning hourly black bar.
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K447
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Re: 02/23/2017 Live Update

Post by K447 »

BullBear52x wrote:like a knife gone through a hot cake eh?
Hot knife through butter, is the phrase ;)
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Re: 02/23/2017 Live Update

Post by Trades with cats »

ES 03-17 (1 Min)  2_23_2017.jpg
Once again following the 2 standard deviation from VWAP line, but today it is below.. Daily pivot zone should pause things.
Bottom of the average daily range is just below (snare drum rimshot) 56, yes once again the magic 6. You can't make this up.
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BullBear52x
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Re: 02/23/2017 Live Update

Post by BullBear52x »

K447 wrote:
BullBear52x wrote:like a knife gone through a hot cake eh?
Hot knife through butter, is the phrase ;)
:lol: :lol: :lol:
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Al_Dente
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Re: 02/23/2017 Live Update

Post by Al_Dente »

pretty surprising that the dow ATH today yet heavyweights GS and AAPL are at the bottom of the barrel
223dow.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Re: 02/23/2017 Live Update

Post by Trades with cats »

Smalls (TF) below the 20 day average range movement of 14.4 with today's range at 14.8 so far. So unless this is, as Red Foxx used to say "the big one" should be close to done with the down for today.
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