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05/31/2017 Live Update

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Cobra
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05/31/2017 Live Update

Post by Cobra »

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breakout more likely.
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Cobra
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Re: 05/31/2017 Live Update

Post by Cobra »


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fehro
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Re: 05/31/2017 Live Update

Post by fehro »

/CL = USOIL 200d/50d/50w SMA this am.. mind possible H&S 60m.. green neckline, needs 2nd RS.. or Red neckline.. break this level look to a possible $4 buck drop in oil.. buckle up.
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Trades with cats
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Re: 05/31/2017 Live Update

Post by Trades with cats »

Small cap futures into the red after failed Chicago PMI.
Trades with cats
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Re: 05/31/2017 Live Update

Post by Trades with cats »

Smalls have now exceeded yesterday morning's sell down. An even better opportunity for the dip buyers. :twisted:
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Cobra
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Re: 05/31/2017 Live Update

Post by Cobra »


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Re: 05/31/2017 Live Update

Post by Trades with cats »

ES 06-17 (5 Min)  5_31_2017.jpg
Nice, the low volume no reason middle of the night gap has filled. Too bad we are at the normal max move down already unless the Fed relents and allows a bit more volatility.
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Cobra
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Re: 05/31/2017 Live Update

Post by Cobra »

nowadays a pullback usually is one legged. let's see if today is the same.
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MrMiyagi
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Post by MrMiyagi »

Cobra wrote:nowadays a pullback usually is one legged. let's see if today is the same.
Would be pretty interesting if the market reversed today, Chicago PMI missed coming in at 55.2 vs 57.5 forecast and existing home sales data came in below last month as well.
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Re: 05/31/2017 Live Update

Post by Trades with cats »

Quibble with Rob Hanna's new post. All of his data is from Greenspan forward with an activist Fed. Real question is what happens as the Fed takes their foot off the gas, as we certainly have seen during the Bernanke years.
brokebybernacke2
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Re: 05/31/2017 Live Update

Post by brokebybernacke2 »

[quote="Trades with cats"]Smalls have now exceeded yesterday morning's sell down. An even better opportunity for the dip buyers. :twisted:[/quote

last week gap fill attempt, btfd, not too many of these left in the tank
Daniel
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Re: 05/31/2017 Live Update

Post by Daniel »

Underperf of IWM continuing.

First hurdle for dip buyers in SPY is the 5min 20ema, currently being tested from below.
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Cobra
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Re: 05/31/2017 Live Update

Post by Cobra »

looks like it's one legged bear again.
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fehro
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Re: 05/31/2017 Live Update

Post by fehro »

Dailies. damage is done
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Daniel
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Re: 05/31/2017 Live Update

Post by Daniel »

Financials, Oil Svc esp weak today.

Longer timeframe, by two different Chaikin moneyflow indicators, over the past three months the CMF on TLT has not dropped below the zero line for even a single day!

Not even QQQ--the hottest thing on four legs--can make that boast.

There is strong support for the thesis that long term rates are NOT going up anytime soon, or anytime fast.

:|
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Re: 05/31/2017 Live Update

Post by Trades with cats »

Not sure what is going on with Chicago PMI. Zerohedge claiming an upward revision of almost 5 points.
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Cobra
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Re: 05/31/2017 Live Update

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Cobra
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Re: 05/31/2017 Live Update

Post by Cobra »

possible higher low.
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Al_Dente
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Re: 05/31/2017 Live Update

Post by Al_Dente »

[FactSet and Barclay’s]
“Ten mostly large-cap growth stocks have contributed 47% of the S&P’s 8% YTD returns. The average contribution of the top 10 stocks has been 30% in years that the S&P 500 has had a material positive return. At 17pp above the average since 2003, it would be unusual for this outsized 47% contribution to increase even further. We see an opportunity to reduce exposure to some of these large cap winners and selectively buy some of the “value” laggards.”
http://biiwii.com/wp/just-10-stocks-acc ... hed-limit/
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 05/31/2017 Live Update

Post by Al_Dente »

531heat.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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