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06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 9:22 am
by Cobra
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in range, no direction. likely another boring day.

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 9:25 am
by Cobra

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 9:28 am
by fehro
/GC racing to 20d/50d/50w SMA* 1260 range.. /GC weekly candle very ugly.. as DXY nears possible reversal break out level. MInd /CL oil as well. DXY D/30m fwiw

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 9:33 am
by fehro
RUT just 5 points short of nATH

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 9:41 am
by Trades with cats
ES futures the 9/17 contract is showing twice the volume of the June contract so far today so it is over we go.

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 9:57 am
by fehro
COMPQ/SPX nATH … RUT almost there.. NDX struggling.. VIX nears multi year lows… nLOY

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 10:02 am
by Cobra

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 10:03 am
by fehro
VIX multi year lows.. 9.43 8.63-2006 Lows

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 10:16 am
by fehro
SPX/COMPQ/NDX/INDU all nATH RUT almost there.. TRANSports red.. :roll: .. DXY backing off of resistance.. /GC bounces VIX sharp reversal of the LOYs

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 10:23 am
by Cobra
look like an uptrend day, bears be careful.

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 10:28 am
by Wallstreetrader
The Cash is Coming ...

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 10:30 am
by fehro
fehro wrote:SPX/COMPQ/NDX/INDU all nATH RUT almost there.. TRANSports red.. :roll: .. DXY backing off of resistance.. /GC bounces VIX sharp reversal of the LOYs



ding ding .. RUT nATH -- the thorn in the bull side..

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 10:36 am
by fehro
nibble tiny short SPY 245.00

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 11:02 am
by Cobra
the pullback will be bought.

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 11:03 am
by Trades with cats
From B of A Merrill courtesy of Zerohedge
Image

So I think that little blob at the bottom, Mr. Carney's contribution to fiat money printing, is why the US market is up smartly on political chaos in Britain. Afterall, Mr. Carney took his Brexit cues from the Yellen Fed by cutting rates and printing money so why would he not do more of the same?

Then we have the oft told story around here of the 5 or 10 or 15 stocks that are propping up the market.
Image

As the experts say over the short term the market is an auction and clearly the experts are correct. With a soft economy there is no productive investments for the surplus liquidity flooding the system so the market is absorbing it. The biggest sponges are the hedge fund hotels that are story stocks because they are totally unrestrained by any known metrics. Does anyone really believe that Amazon will replace every corporate data center in America AND maintain a 50% margin on cloud services while Microsoft and Google quietly walk away like Hewlett Packard. Anyone?

It has been said many times before by experts that there is never anything new or different this time, so just like that hand drawn chart of tulip prices we all know how this will end, just not when. But it will not end today!

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 11:05 am
by fehro
fehro wrote:
fehro wrote:SPX/COMPQ/NDX/INDU all nATH RUT almost there.. TRANSports red.. :roll: .. DXY backing off of resistance.. /GC bounces VIX sharp reversal of the LOYs



ding ding .. RUT nATH -- the thorn in the bull side..


another "possible" thorn.. XLF far from ATH, and under 52w Hi nice H&S if it stalls… fwiw.

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 11:07 am
by Daniel
Quite the current outperf by SPY over RSP (the Rydex equal weight SP500), as RSP is still below its recent high of a few days ago.

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 11:12 am
by Cobra

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 11:17 am
by Daniel
Daily charts, TLT has now filled its gap up at the beg. of June. Hovering at 124.

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 11:19 am
by Trades with cats
TF 06-17 (750 Tick)  6_9_2017.jpg


Another big move by the R2K futures, the TF. Yesterday the high exceeded the 20 day average range by about 12 points, a real monster move. Since I know that casinos make money I am certain we will see a return to the mean so I would not expect the same performance today. But my wife, who used to work with a Statistics PhD is always reminding me that single events are unique so you just never know for sure. That's why people bet against casinos. :D