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06/12/2017 Live Update
Posted: Mon Jun 12, 2017 9:24 am
by Cobra
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double bottom or not, wait and see. Roller coaster show on Wednesday, so don't expect big move from bears.
Re: 06/12/2017 Live Update
Posted: Mon Jun 12, 2017 9:28 am
by Cobra
Re: 06/12/2017 Live Update
Posted: Mon Jun 12, 2017 9:29 am
by fehro
2430 SPX, or 2436 stronger resistance.. "should" we move up.
Re: 06/12/2017 Live Update
Posted: Mon Jun 12, 2017 9:38 am
by fehro
fehro wrote:2430 SPX, or 2436 stronger resistance.. "should" we move up.
sloopy invs H&S SPY /SPX 5m fwiw or green triangle for more chop till Wed
Re: 06/12/2017 Live Update
Posted: Mon Jun 12, 2017 9:44 am
by Wallstreetrader
VIX exploding to upside !!! but not big down so VIX again giving false signal careful bears !
Re: 06/12/2017 Live Update
Posted: Mon Jun 12, 2017 9:52 am
by Cobra
I consider it's 2nd leg down to test Friday low so anytime a sharp rebound then the low was in while bear must not let it happen. key time.
Re: 06/12/2017 Live Update
Posted: Mon Jun 12, 2017 10:11 am
by Al_Dente
Re: 06/12/2017 Live Update
Posted: Mon Jun 12, 2017 10:27 am
by fehro
mind gold… DXY 30m inv complex H&S .. over 97.40 purple neckline … "could" see an EXPLOSIVE up move on the dollar. buckle up.
mind 50d @ 98.71
Re: 06/12/2017 Live Update
Posted: Mon Jun 12, 2017 10:46 am
by Al_Dente
Rotation into banks continues
Rotation out of Big Tech continues (but be sure to check volume at EOD)
Re: 06/12/2017 Live Update
Posted: Mon Jun 12, 2017 11:07 am
by Al_Dente
some tech since the election, percents
Re: 06/12/2017 Live Update
Posted: Mon Jun 12, 2017 11:15 am
by Al_Dente
Citi: "The market is seeing a sharp wave of risk aversion. Traders think this is more of the same from Friday."
zh: “Traders Are Buying The Most Nasdaq Downside Protection Since Lehman… Friday … volumes of Nasdaq ETF put options explode higher… Additionally, Bloomberg notes that today is off to a bad start with QQQ put volume outpaced call volume by 3.2 to 1 and was 52% higher than the 20-day average in early trading.”
So …… contrarians look for a bounce??
Re: 06/12/2017 Live Update
Posted: Mon Jun 12, 2017 11:24 am
by Al_Dente
SocGen notes what we talked about over the weekend:
“…the uniformity of the prices moves all on the same day indicates a market driven by price chasing momentum…”
“…a teaser of what happens when the algos all "head for the door all at the same time."
“... Friday’s plunge serves as a warning; when it’s time to head for the door, you better move fast.”
And zh opines: “To all the human traders out there who hope to outrun algos who use [a] laser beam to send their sell tickets to the NYSE at the speed of light, good luck.”
Re: 06/12/2017 Live Update
Posted: Mon Jun 12, 2017 11:27 am
by fehro
Mind RUT .. may play catchup.. not sure. .bear flag of sorts intra day.. 3 day H&S Fri's LOD goes.. look to 138.25 !
ouch!
nibble IWM P lottos this week and next.
Re: 06/12/2017 Live Update
Posted: Mon Jun 12, 2017 11:37 am
by fehro
fehro wrote:Mind RUT .. may play catchup.. not sure. .bear flag of sorts intra day.. 3 day H&S Fri's LOD goes.. look to 138.25 !
ouch!
nibble IWM P lottos this week and next.
Re: 06/12/2017 Live Update
Posted: Mon Jun 12, 2017 11:40 am
by Al_Dente
VIKING
The legendary hedge fund will return $8 billion to investors [IN AUGUST]…out of a total $30 billion in AUM… [assets under management].
All 13F filings are always late, and whether or not Viking contributed to the selling on Friday is pure speculation [so GRAIN OF SALT],
here’s their Big Tech holdings:
o Facebook (FB) 15.76m shares, or 9.9% of portfolio (top holding as percent of portfolio)
o Microsoft (MSFT) 29.02m shares, or 8.4% of portfolio; this position was increased in the first quarter
o Alphabet Class A (GOOGL) 1.42m shares, or 5.3% of portfolio
o Amazon (AMZN) 1.09m shares, or 4.3% of portfolio
o Alphabet Class C (GOOG) 1.08m shares, or 3.9% of portfolio
o Netflix (NFLX) 5.91m shares, or 3.9% of portfolio and 1.4% of outstanding
http://www.zerohedge.com/news/2017-06-1 ... io-departs
Re: 06/12/2017 Live Update
Posted: Mon Jun 12, 2017 11:42 am
by fehro
TLT 5m.. RS in or not? TLT > 200d SMA now
Re: 06/12/2017 Live Update
Posted: Mon Jun 12, 2017 11:48 am
by Al_Dente
DOW intraday:
Best is GE (Immelt retired)
Worst is AAPL
Re: 06/12/2017 Live Update
Posted: Mon Jun 12, 2017 11:49 am
by te_fern
Levered Financials has positive MA on the 1 minute and is making a nice pullback. Maybe an opportunity shortly!
Re: 06/12/2017 Live Update
Posted: Mon Jun 12, 2017 11:51 am
by te_fern
A tick moving higher would help any positive conviction........
Re: 06/12/2017 Live Update
Posted: Mon Jun 12, 2017 11:59 am
by Cobra