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Re: 07/06/2017 Live Update
Posted: Thu Jul 06, 2017 12:43 pm
by Daniel
Naz advancers finally hit 1000... which is its HOD
QQQ is close by its high, and may bust thru, as VXN is near its lod
Re: 07/06/2017 Live Update
Posted: Thu Jul 06, 2017 12:53 pm
by Cobra
"another push up" as I said. now let's see if bears can make a lower high. if not, then there should be another push up.
Re: 07/06/2017 Live Update
Posted: Thu Jul 06, 2017 1:08 pm
by Trades with cats
What we saw today was a European Black Bear, a close relative of the North American Black Bear, but clearly not the same thing from a trading perspective.
Re: 07/06/2017 Live Update
Posted: Thu Jul 06, 2017 1:23 pm
by Trades with cats
ES trying to make the end of the lunch break memorable with a move to S1 pivot and the opening print. Still short of the morning high. Assuming NY Fed's Dudley is working the phones.
Re: 07/06/2017 Live Update
Posted: Thu Jul 06, 2017 1:32 pm
by Daniel
USO, XOP lod!
XLE not yet, and not really close.
Update: hush my tongue! XLE covered that ground quick-- LOD! EWZ as well.
Re: 07/06/2017 Live Update
Posted: Thu Jul 06, 2017 1:46 pm
by Cobra
should be another rebound but could be just a lower high.
Re: 07/06/2017 Live Update
Posted: Thu Jul 06, 2017 2:07 pm
by Wallstreetrader
off now cya tomorrow...
Re: 07/06/2017 Live Update
Posted: Thu Jul 06, 2017 2:14 pm
by Daniel
SPY right back on that 50day, 241.20-30
Meanwhile Naz advancers have collapsed, well off high
Re: 07/06/2017 Live Update
Posted: Thu Jul 06, 2017 2:19 pm
by Cobra
testing day low, key time. sharp rebound would mean double bottom so bears must push harder.
Re: 07/06/2017 Live Update
Posted: Thu Jul 06, 2017 2:25 pm
by cguirguis
Thoughts on picking up some TSLA for a rebound down here?
Posted: Thu Jul 06, 2017 2:29 pm
by MrMiyagi
Kidneys in the fridge are going bad, need to go harvest some more. They can't be frozen either...
Re: 07/06/2017 Live Update
Posted: Thu Jul 06, 2017 2:54 pm
by Cobra
cguirguis wrote:Thoughts on picking up some TSLA for a rebound down here?
the one of 2 reasons you want to buy TSLA here is it's the very first test of weekly ema20 in long long time, usually should be a rebound.
It's just "usually", there's always "exception", so nothing guaranteed.
Re: 07/06/2017 Live Update
Posted: Thu Jul 06, 2017 3:00 pm
by Al_Dente
HAPPY HOUR
Re: 07/06/2017 Live Update
Posted: Thu Jul 06, 2017 3:04 pm
by Cobra
Al_Dente wrote:HAPPY HOUR
Re: 07/06/2017 Live Update
Posted: Thu Jul 06, 2017 3:08 pm
by fehro
fehro wrote:fehro wrote:Wallstreetrader wrote:sorry but I will buy monkey again, + div pretty clear, still beleive in the bull
possible bounce area.. 50d.. soo close 2413.70ish.. just 4 points lower
bouncy bounce.. 2422 resistance.. then open gap.. then triangle restest.. it's all oils fault..
sure not tech
stalls at 2423.. oil rally slips again as /CL makes nLOD undercuts oLOD. SPX ,50d 2413.. not good..
Re: 07/06/2017 Live Update
Posted: Thu Jul 06, 2017 3:08 pm
by Wallstreetrader
We have a big Head & Shoulders breakdown !!!
Re: 07/06/2017 Live Update
Posted: Thu Jul 06, 2017 3:09 pm
by Trades with cats
Sitting on the edge of the cliff.
Re: 07/06/2017 Live Update
Posted: Thu Jul 06, 2017 3:12 pm
by Cobra
looks like breakdown is more likely. the problem is usually sharp rebound is right after the breakdown so bears still have one challenge ahead.
Posted: Thu Jul 06, 2017 3:14 pm
by MrMiyagi
Cobra wrote:looks like breakdown is more likely. the problem is usually sharp rebound is right after the breakdown so bears still have one challenge ahead.
I think this market will flush my kidneys, SPY $237.50 is not that far down.
Re: 07/06/2017 Live Update
Posted: Thu Jul 06, 2017 3:16 pm
by fehro
Not pretty dailies..