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06/21/2017 Live Update

06/21/2017 Live Update

Postby Cobra » Wed Jun 21, 2017 9:22 am

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Maybe the rebound would fail eventually?
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Re: 06/21/2017 Live Update

Postby Cobra » Wed Jun 21, 2017 9:26 am


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Re: 06/21/2017 Live Update

Postby Daniel » Wed Jun 21, 2017 9:44 am

IBB 52 week high!

From false breakdowns often come fast reversals.
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Re: 06/21/2017 Live Update

Postby Cobra » Wed Jun 21, 2017 10:00 am


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Re: 06/21/2017 Live Update

Postby fehro » Wed Jun 21, 2017 10:09 am

Daniel wrote:IBB 52 week high!

From false breakdowns often come fast reversals.


mind the 16 month channel, possible bearish rising wedge weekly.. "should" it stall, head fake.. fwiw
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Re: 06/21/2017 Live Update

Postby Cobra » Wed Jun 21, 2017 10:15 am

morning hourly black bar.
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Re: 06/21/2017 Live Update

Postby Cobra » Wed Jun 21, 2017 10:22 am

triangle, bias is down but oil report may change it.
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Re: 06/21/2017 Live Update

Postby fehro » Wed Jun 21, 2017 10:22 am

SPX LOD goes.. looking for gap fill 2434.. 2431.80 goes then 2429.7- 20d SMA next.
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Re: 06/21/2017 Live Update

Postby Daniel » Wed Jun 21, 2017 10:23 am

fehro wrote:
Daniel wrote:IBB 52 week high!

mind the 16 month channel.. head fake.. fwiw

I'm avoiding biotech/pharma entirely just now. Too much rumor and speculation over the Health Care bill. And we here on this Board can be sure of one thing--we are not at the front end of that info Food Chain...

:|
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Re: 06/21/2017 Live Update

Postby Trades with cats » Wed Jun 21, 2017 10:34 am

ES second try at yesterday's close. Failed when Europe opened. Going to take some effort from all us colonials. :lol:
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Double-Dose

Postby MrMiyagi » Wed Jun 21, 2017 10:39 am

Capture.PNG
2x
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Re: 06/21/2017 Live Update

Postby fehro » Wed Jun 21, 2017 10:40 am

Daniel wrote:
fehro wrote:
Daniel wrote:IBB 52 week high!

mind the 16 month channel.. head fake.. fwiw

I'm avoiding biotech/pharma entirely just now. Too much rumor and speculation over the Health Care bill. And we here on this Board can be sure of one thing--we are not at the front end of that info Food Chain...

:|


yup.. and also not a good sign, that bios - speculative stocks start to move near Indexes ATH… that never ends well :roll:
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Re: 06/21/2017 Live Update

Postby Trades with cats » Wed Jun 21, 2017 10:40 am

DOE inventory report being called pump and dump. Draw in CL and gasoline build in distillates. Draw of 2.45 million barrels when US production increased by 20,000 barrels a day.
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Re: 06/21/2017 Live Update

Postby Trades with cats » Wed Jun 21, 2017 10:42 am

Second try for ES to break green in 10 minutes. Smalls have been green since the opening dip.
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Re: 06/21/2017 Live Update

Postby Trades with cats » Wed Jun 21, 2017 11:10 am

ES 09-17 (5 Min)  6_21_2017.jpg
5 minute ES Regular Trading Hours
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Re: 06/21/2017 Live Update

Postby fehro » Wed Jun 21, 2017 11:13 am

fehro wrote:SPX LOD goes.. looking for gap fill 2434.. 2431.80 goes then 2429.7- 20d SMA next.


come to papa :)
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Re: 06/21/2017 Live Update

Postby Trades with cats » Wed Jun 21, 2017 11:19 am

TF 09-17 (350 Tick)  6_21_2017.jpg


And the smalls give up ten points in rapid order, back to yesterday's close. Clearly the energy inventory report was meaningful today, or the market was just looking for an excuse to sell. I will never know, that is for sure!
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Re: 06/21/2017 Live Update

Postby Cobra » Wed Jun 21, 2017 12:05 pm


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Re: 06/21/2017 Live Update

Postby Daniel » Wed Jun 21, 2017 12:37 pm

JNK keeps making new intraday lows, even tho bonds in genl are OK.

Maybe a bit of last year's OIL price worries starting to increase in the Hi Yld universe?
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Re: 06/21/2017 Live Update

Postby fehro » Wed Jun 21, 2017 12:43 pm

/CL 42.18 ish .. next Nov lows W/D/60m
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