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03/08/2017 Live Update

Trades with cats
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Re: 03/08/2017 Live Update

Post by Trades with cats »

Small caps have pretty much retraced the European /US trading up move. Globex open last night I have aat 71.1 where the TF is currently stabilized. I have the low at 68.5. While my strongly negative indicators are ahead of the slow moving price I am seeing a decent shot at retest of that overnight low before the upward drift normal trading pattern starts.
Trades with cats
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Re: 03/08/2017 Live Update

Post by Trades with cats »

Bloomberg chart on oil from Zerohedge. They have marked up what I had been flapping my gums about.
Image
fehro
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Re: 03/08/2017 Live Update

Post by fehro »

fehro wrote:
fehro wrote:/CL daily looks ugly.. be prepared for a sharp drop to the 20w $51.14 just a buck lower.. as oil report is due… /CL <20<50d 200d at 48.67 if 20w SMA goes… then 50w 47.94
/CL nLOD breaks $52 look to $51.13
/CL nears 20w SMA … almost there ….. USO looses 200d SMA 11.05…
fehro
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Re: 03/08/2017 Live Update

Post by fehro »

USO <20d/50d/200d/20w/50w
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Cobra
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Re: 03/08/2017 Live Update

Post by Cobra »


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fehro
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Re: 03/08/2017 Live Update

Post by fehro »

fehro wrote:
fehro wrote:
fehro wrote:/CL daily looks ugly.. be prepared for a sharp drop to the 20w $51.14 just a buck lower.. as oil report is due… /CL <20<50d 200d at 48.67 if 20w SMA goes… then 50w 47.94
/CL nLOD breaks $52 look to $51.13
/CL nears 20w SMA … almost there ….. USO looses 200d SMA 11.05…
sooo close.. come to papa.. now at 20w 51.09 just dime lower :roll:
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TraderJoe
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Re: 03/08/2017 Live Update

Post by TraderJoe »

I bought a few SPY calls @ 237.10.
I'm either right or wrong :roll:
brokebybernacke2
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Re: 03/08/2017 Live Update

Post by brokebybernacke2 »

TraderJoe wrote:I bought a few SPY calls @ 237.10.
I'm either right or wrong :roll:
me too, bunches of calls...hangin by a thread here...
fehro
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Re: 03/08/2017 Live Update

Post by fehro »

fehro wrote:
fehro wrote:
fehro wrote:
fehro wrote:/CL daily looks ugly.. be prepared for a sharp drop to the 20w $51.14 just a buck lower.. as oil report is due… /CL <20<50d 200d at 48.67 if 20w SMA goes… then 50w 47.94
/CL nLOD breaks $52 look to $51.13
/CL nears 20w SMA … almost there ….. USO looses 200d SMA 11.05…
sooo close.. come to papa.. now at 20w 51.09 just dime lower :roll:
ding ding 20w tagged at LOD 51.08 :)
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Al_Dente
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Re: 03/08/2017 Live Update

Post by Al_Dente »

Since the election, SMALLS have been allowed about 3 days down in a row (maximum 5 days down), before the BTFD brigade stepped in. Today is day 5.
60min chart here:
IWM is testing/breaking the 50dma
Box target is the 135 zone
Momo is still very oversold, again, but I’ve been expecting a bounce for a couple days already, and none yet
BOTTOM PANEL: IWM companies have plenty of debt that is rated “junk,” and junk bonds have sold off harder than they have since November. That’s a “risk-off” indicator for equities
3_8sixty.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Mr. BachNut
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Re: 03/08/2017 Live Update

Post by Mr. BachNut »

We'll see where things close, but NYMO has dropped all the way down into the turn zone.
Yet, price has not been able to tag the upper keltner or fully close the month opening gap.
It is really quite extraordinary.

Inside day at the moment.
Perhaps we get a quick drop that takes us toward the NYMO oversold zone below, but it is time to start preparing for a turn up.
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NYMO 030817.jpg
daytradingES
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Re: 03/08/2017 Live Update

Post by daytradingES »

High Est 2374.75
Actual High 2373.00
Dif= 1.75

Low Est 2364.50
Actual Low 2365.50
Dif= -1.00
Educational only and not trading advice (EO&NTA) :)
Good trading to all
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Re: 03/08/2017 Live Update

Post by Trades with cats »

Bad day for popular hedge fund strategies. Crude ready to fall out of the $50 range and now a wildly successful 10 year auction. Yes they are all short the 10 year.
Trades with cats
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Re: 03/08/2017 Live Update

Post by Trades with cats »

daytradingES wrote:High Est 2374.75
Actual High 2373.00
Dif= 1.75

Low Est 2364.50
Actual Low 2365.50
Dif= -1.00
As usual you have nailed it!
Trades with cats
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Re: 03/08/2017 Live Update

Post by Trades with cats »

ES 03-17 (1 Min)  3_8_2017C.jpg
OK 5th attempt at plus 1 standard deviation since the opening run today. Under Snake trading theory this time should work. Based on typical daily pattern now is good. Problem is 2 standard deviation line is at ES 72.50 and we are allready in the green so why would this go anywhere?
fehro
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Re: 03/08/2017 Live Update

Post by fehro »

Providing some much needed details on her plans to redenominate the French currency, should she win the French presidential election in under two months , on Wednesday Marine le Pen told RTL radio should would introduce a new franc at a rate of one-to-one to the euro and then allow it to fluctuate, despite previously saying that any new national currency would continue to be pegged to a basket of currencies. She said the new French franc would likely fall "against whatever currency Germany uses", making French car exports more competitive, but said it might rise against the currency in Italy, a country she said would also be better off without the euro.

Incidentally, many agree with Le Pen, and according to Paddy Power, Italy now has even odds of leaving the EU before 2025, far higher than even perpetually depressed Greece.


http://www.zerohedge.com/news/2017-03-0 ... -one-euro?
Trades with cats
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Re: 03/08/2017 Live Update

Post by Trades with cats »

After a half hour assault the bulls have pulled back to VWAP (2369.50) which is also right at yesterday's ending VWAP. We have an hour to go before we see if anyone got seriously damaged by the oil and 10 year one two punch today(3 pm margin calls).
Trades with cats
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Re: 03/08/2017 Live Update

Post by Trades with cats »

Marine Le Pen has an economic plan for France. It was written in the London public library in the late 1900's (whoops, 1800's) by a man named Karl Marx. And I do mean it literally, her published plan is straight orthodoxy right out of the Hugo Chavez playbook (only without oil revenue).
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Al_Dente
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Re: 03/08/2017 Live Update

Post by Al_Dente »

TOP PANEL: Say that’s a Descending Triangle on $TNX (10yr treasury yield)
Rates are up. I think that means the market is pricing in the FOMC rate hike on the 15th
If TNX can clear that resistance at the old high, then the breakout target would be roughly 28-ish (or 2.8% yield)...WOW
Daily
http://thepatternsite.com/dt.html
38tnx2.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 03/08/2017 Live Update

Post by Cobra »

so far nothing to say. it's range day, so when pullback to near day low (now is close enough), it generally would be bought then rebound to test day high then might pullback again to test day low then... again and again...
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