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06/16/2017 Live Update

Re: 06/16/2017 Live Update

Postby Al_Dente » Fri Jun 16, 2017 10:52 am

THE BIG FIVE
[recall 9 june was the tech crash]
overlay, not percent
five min, 10 days
amzn is pink
616big five.png.png
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Re: 06/16/2017 Live Update

Postby fehro » Fri Jun 16, 2017 10:55 am

And Kroger, Wal-Mart, Sprouts, and Target are plunging... (WMT -4%, TGT -5.5%, SFM -7.6%, KR -12%)

And European supermarkets are getting hammered -

*AHOLD, CARREFOUR, TESCO FALL TO LOWS ON AMAZON/WHOLE FOODS DEAL
*AHOLD DELHAIZE SLUMPS 6.8% IN AMSTERDAM ON AMAZON NEWS
With good reason probably. Grocery margin are 1-2% at best, and if Amazon can truly create smart stores with no check outs and cut employees in half they can kill regular supermarkets...


http://www.zerohedge.com/news/2017-06-16/amazon-buy-whole-foods
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Re: 06/16/2017 Live Update

Postby fehro » Fri Jun 16, 2017 10:58 am

fehro wrote:
Wallstreetrader wrote:GM
2438 key for the day ?


2418.. if yLOD goes.. IWM already smoked it..


come to papa SPX nLOD - SPX 20d 2421.60 … 2148 seems better support, mind open gap just under.. may fill it..
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Re: 06/16/2017 Live Update

Postby Wallstreetrader » Fri Jun 16, 2017 11:03 am

Something is wrong again !
Bull Market No dought !
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Re: 06/16/2017 Live Update

Postby Trades with cats » Fri Jun 16, 2017 11:05 am

1. NPR interview with the Professor who is doing Uber's self driving cars this spring he said it is a lot harder than you think. Alphabet just pulled the plug on their car. It is right there with the flying drone deliveries so no automatic service, they will continue to need drivers, therefore no super cheap home delivery. PS my daughter in LA tried Amazon home grocery delivery and cancelled after two weeks. She is their perfect demographic, a working mother with decent income in a major urban area. So nothing is ready for prime time.
2. What is working is send us your list and we will fill the cart for you. Fred Meyer (Kroger) and Walmart are doing well at this game, read Wal-Mart is redoing stores to move inventory on to shelves to accommodate the pickers. I saw a dozen loaded carts in the middle of the day at Freddy's in the Ballard neighborhood last time I was in Seattle.
3. Package goods prices will move them to the lowest cost channel. Not seeing anything with Whole Paycheck on it as competitive. Don't know how they could compete with Costco on paper towels.
4. Amazon stock price is based on their cloud computing services, not their very low margin retailing. This is a distraction, not a life changing event.
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Re: 06/16/2017 Live Update

Postby fehro » Fri Jun 16, 2017 11:16 am

http://www.zerohedge.com/news/2017-06-16/grocermageddon-goes-global

And Pharmacies and Drug Distributors are also tumbling...CVS -4.7%, WBA -4.5%, ABC -1.9%, DPLO, CAH, MCK all down 1.7%, ESRX -1.4%

“The deal put everyone’s business models at risk,” Bloomberg Intelligence analyst Jonathon Palmer says in email, “large drugstores are trading down in sympathy but the declines are less steep than those seen in supermarkets,” as pharmacy is seen as more complicated with more regulation; would be more difficult to enter.

Amazon’s foray into the retail sector doesn’t change much for PBM pure-play Express Scripts but he sees “higher risk” for distributors from their end customers.
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Re: 06/16/2017 Live Update

Postby Al_Dente » Fri Jun 16, 2017 11:30 am

EDITORIAL: no facts or data
Srsly
Raise your hand if u have “fun”
going into any grocery that is as large as a football field (they all are in my area)
wasting time, using just one example, in an aisle that stocks 867 different types of chips.
It’s just dreadful IMO
There’s got to be a better way to get food, maybe this is it :?:
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Re: 06/16/2017 Live Update

Postby Wallstreetrader » Fri Jun 16, 2017 11:37 am

Long Term View Bull Scenario
key now is 2438, probably some resistance into.
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Re: 06/16/2017 Live Update

Postby Al_Dente » Fri Jun 16, 2017 11:38 am

nasdaq, daily, "candlevolume"
616nasdaq.png.png
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Re: 06/16/2017 Live Update

Postby Al_Dente » Fri Jun 16, 2017 11:47 am

QQQ break below pink line (double bottom) would trigger mid-term Chandelier exit signal (not yet)
Would be the first break since the election
Heikin, daily
616qqq heikin.png.png
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Re: 06/16/2017 Live Update

Postby Mr. BachNut » Fri Jun 16, 2017 11:57 am

Mr. BachNut reporting in. It has been awhile.

There has not been much to say or do.
The SPX has been going nowhere, and the NYMO has been flattich and coiling around the zero line.

That said, I have tentatively marked a NYMO high at June 2.
We have a lower high, and if we close around here, we'll have a lower low.
Thus a NYMO down cycle may be underway.

Price has done a whole lot of not much.
Perhaps we are consolidating before the next move up. Don't know.
We have had two tags of the upper keltner band (bullish), but things have stalled.
Bulls want to see regular bumps pushing that band up.
So far, we are painting an inside day today.
A plethora of gap targets remain below. There is a little one above.

I remain a little long from I can't remember when.
If the NYMO cycle confirms down today, I'll jam my stop and look for setups to reverse.
Price will have to cooperate though to really engage.

I am interested to see how things unfold around next Tuesday.
That is VIX contract expiration as well as a major Bradley Turn Date combined.
Sometimes those things are meaningless, and sometimes they mark a turn.
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Re: 06/16/2017 Live Update

Postby fehro » Fri Jun 16, 2017 11:59 am

fehro wrote:
fehro wrote:
Wallstreetrader wrote:GM
2438 key for the day ?


2418.. if yLOD goes.. IWM already smoked it..


come to papa SPX nLOD - SPX 20d 2421.60 … 2148 seems better support, mind open gap just under.. may fill it..



SPX 20d holds.. 60m/5m fwiw
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Re: 06/16/2017 Live Update

Postby Al_Dente » Fri Jun 16, 2017 12:02 pm

Long story short
They sell aapl to buy amzn
Shall we call that “rotation” ?
Oy
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Re: 06/16/2017 Live Update

Postby Daniel » Fri Jun 16, 2017 12:11 pm

Al_Dente wrote:Long story short: They sell aapl to buy amzn. Shall we call that “rotation” ?

Yes, AD, that is precisely 'rotation', as opposed to RISK OFF.
:)
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Re: 06/16/2017 Live Update

Postby Cobra » Fri Jun 16, 2017 12:14 pm


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Re: 06/16/2017 Live Update

Postby Cobra » Fri Jun 16, 2017 12:15 pm

the rebound tells me it's a range day at the best for bears. no bear show today, sorry.
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Re: 06/16/2017 Live Update

Postby Al_Dente » Fri Jun 16, 2017 12:18 pm

Daniel wrote:
Al_Dente wrote:Long story short: They sell aapl to buy amzn. Shall we call that “rotation” ?

Yes, AD, that is precisely 'rotation', as opposed to RISK OFF. :)

ok boss thanks :D
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Re: 06/16/2017 Live Update

Postby Al_Dente » Fri Jun 16, 2017 12:24 pm

The VIX-futures traders (XIV) are VERY BULL SPY today… atm…
More bull spy than spy is
They will very soon reach a “quad” top
(“knock four times” formation, also ascending triangle)
TA says they should bust right through it
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Re: 06/16/2017 Live Update

Postby fehro » Fri Jun 16, 2017 12:29 pm

Al_Dente wrote:The VIX-futures traders (XIV) are VERY BULL SPY today… atm…
More bull spy than spy is
They will very soon reach a “quad” top
(“knock four times” formation, also ascending triangle)
TA says they should bust right through it


VIX expires next Wed. fwiw
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Re: 06/16/2017 Live Update

Postby Daniel » Fri Jun 16, 2017 12:39 pm

Housing stocks showing spunk! Leading a charge off gap down at Open, based on key earnings misses.

Lumber futures are right smack on their daily 88ema, the purest sign of normalcy there is.

:o
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