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05/24/2017 Live Update

Trades with cats
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Re: 05/24/2017 Live Update

Post by Trades with cats »

TF 06-17 (350 Tick)  5_24_2017.jpg
Just in case you were blinking.
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Al_Dente
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Re: 05/24/2017 Live Update

Post by Al_Dente »

TICKs vote no
[edit: replaced with better chart]
524tick2.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
brokebybernacke2
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Re: 05/24/2017 Live Update

Post by brokebybernacke2 »

if fed wishy washy on rate hike next month, look out above....
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Junior Buffett
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Re: 05/24/2017 Live Update

Post by Junior Buffett »

Federal Reserve officials were in broad agreement at their meeting on May 2-3 on a general approach to shrinking the bank's massive balance sheet, according to minutes of the session released Wednesday. Nearly all Fed officials said they were content with a plan to end the reinvestment of principal of maturing securities - the main approach favored to shrink the balance sheet instead of asset sales- in slow, ever-increasing, stages, rather than ending the reinvestment all at once. In their discussion of interest-rate policy, most Fed officials said it would "soon" be time to raise rates again, a signal that the majority on the central bank remain resolute about hiking rates at their meeting next month. But the discussion of the outlook showed widening divisions among Fed officials, with "several" seeing a possible need to start raising rates at a faster pace, while a few others thought a slower pace was more advisable.
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Junior Buffett
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Re: 05/24/2017 Live Update

Post by Junior Buffett »

GOD DAMMIT...BREAK OUT FOR ONCE AND ALL...how many times they will bang their head on 2400 level...enough of this play...
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Cobra
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Re: 05/24/2017 Live Update

Post by Cobra »

roller coaster show on FOMC minutes. so far very bullish.
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daytradingES
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Re: 05/24/2017 Live Update

Post by daytradingES »

looks like it has topped and is falling 1:33pm
Educational only and not trading advice (EO&NTA) :)
Good trading to all
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Al_Dente
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Re: 05/24/2017 Live Update

Post by Al_Dente »

Percentages since 17 May (crash day)
524percents.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro
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Re: 05/24/2017 Live Update

Post by fehro »

Junior Buffett wrote:GOD DAMMIT...BREAK OUT FOR ONCE AND ALL...how many times they will bang their head on 2400 level...enough of this play...
SPX5m.. grinding..
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Al_Dente
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Re: 05/24/2017 Live Update

Post by Al_Dente »

HAPPY HOUR
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Cobra
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Re: 05/24/2017 Live Update

Post by Cobra »


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Cobra
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Re: 05/24/2017 Live Update

Post by Cobra »

well, guess that's it for today. Thursday tomorrow has been mixed. thank you guys, I'll see you tomorrow.

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Al_Dente
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Re: 05/24/2017 Live Update

Post by Al_Dente »

New Highs on SPY and QQQ = always a good time to check on divergences.
We already know that this is a narrow based advance, with RSP (equal-weighted spy) negatively diverging, still.
We already know that small-caps (SML-600) vs large-caps (OEX-100) are negatively diverging, still.
THE GOOD NEWS IS THAT the advance-decline lines on QQQ and SPY are confirming the advance (AD lines are all in pink; see green circles).
But the broad market nasdaq diverges (bottom panel), more proof that the advance is narrow-based, which we know already.
Eventually the broader market needs to catch up
524diverg.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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