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07/07/2017 Live Update

07/07/2017 Live Update

Postby Cobra » Fri Jul 07, 2017 9:21 am

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testing the previous low, no idea whether the low was in or not. wait and see.
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Re: 07/07/2017 Live Update

Postby Cobra » Fri Jul 07, 2017 9:24 am


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Re: 07/07/2017 Live Update

Postby Trades with cats » Fri Jul 07, 2017 9:52 am

Strong series of bars duplicating the NFP thrust an hour earlier, did some news agency just release late and retrigger the algos?
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Re: 07/07/2017 Live Update

Postby Cobra » Fri Jul 07, 2017 10:05 am


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Re: 07/07/2017 Live Update

Postby fehro » Fri Jul 07, 2017 10:08 am

all about the 50d SPX/RUT 20d INDU .. weekly candles not pretty.. SPX 5m mind the morning open gap. an yGAP .. in-between. SPX 50d 2414.10ish
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Re: 07/07/2017 Live Update

Postby Trades with cats » Fri Jul 07, 2017 10:13 am

TF 09-17 (350 Tick)  7_7_2017.jpg

Small Cap futures showing two failures of a second wave to ignite so far this morning. Bears may not be doing much but bulls are looking pretty sad as well, exhausting the pool of small dip buyers like myself on failed moves. Where is that Swiss National Bank wad of cash?
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Re: 07/07/2017 Live Update

Postby Trades with cats » Fri Jul 07, 2017 10:21 am

Stock Board Assets posted this crude oil chart on twitter. 12 months of price with a volume profile. According to the media we are now in the break even to small loss zone for the US Shale drillers and they have not hedged much of the 2018 production yet.
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Re: 07/07/2017 Live Update

Postby te_fern » Fri Jul 07, 2017 10:29 am

The TICKs don't seem too excited about this morning start up....
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Re: 07/07/2017 Live Update

Postby Trades with cats » Fri Jul 07, 2017 10:30 am

Clipper Data blog has several nice charts showing what is going on, including the fact that 40 tanker loads of Nigerian light crude are currently looking for buyers.
I think this one chart explains the Saudi failure to move prices longer term. I am assuming they were under tremendous pressure to get a deal so they allowed the Iraq ies a loop hole.
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Re: 07/07/2017 Live Update

Postby Trades with cats » Fri Jul 07, 2017 10:39 am

te_fern wrote:The TICKs don't seem too excited about this morning start up....

My old school price based indicators are giving chop indications ( a buy or sell every five minutes), a bad day for a momentum chaser like me. :(
I still have hope that an algo triggering headline will come out of the G-20 meeting this weekend so we can have one of those fun to trade gap and go Mondays.
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Re: 07/07/2017 Live Update

Postby te_fern » Fri Jul 07, 2017 10:42 am

Trades with cats wrote:
te_fern wrote:The TICKs don't seem too excited about this morning start up....

My old school price based indicators are giving chop indications ( a buy or sell every five minutes), a bad day for a momentum chaser like me. :(
I still have hope that an algo triggering headline will come out of the G-20 meeting this weekend so we can have one of those fun to trade gap and go Mondays.


That would be nice!!! :P
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Re: 07/07/2017 Live Update

Postby Wallstreetrader » Fri Jul 07, 2017 11:01 am

GM

Ascending triangle ?
Last edited by Wallstreetrader on Fri Jul 07, 2017 12:11 pm, edited 2 times in total.
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Re: 07/07/2017 Live Update

Postby Cobra » Fri Jul 07, 2017 11:02 am

might be another push up.
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Re: 07/07/2017 Live Update

Postby Trades with cats » Fri Jul 07, 2017 11:07 am

ES 09-17 (15 Min)  7_7_2017.jpg

I don't hold over the weekend, but with three out of three I may get up a little early on Monday.
Big problem with Mountain Standard is you have to get going at 0 dark thirty to play a gap open. :)
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Re: 07/07/2017 Live Update

Postby Wallstreetrader » Fri Jul 07, 2017 11:10 am

Big Question in hourly Spy has H&S into Daily look a Bull Flag so we just have to follow the mother trend until it fails right ?
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Re: 07/07/2017 Live Update

Postby fehro » Fri Jul 07, 2017 11:26 am

SPX INDU RUT VIX inside days.. NDX/COMPQ trying..
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Re: 07/07/2017 Live Update

Postby te_fern » Fri Jul 07, 2017 11:28 am

Can it break a triple top??
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Re: 07/07/2017 Live Update

Postby te_fern » Fri Jul 07, 2017 11:30 am

Yes!! Bulls are staying in the game...
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Re: 07/07/2017 Live Update

Postby Trades with cats » Fri Jul 07, 2017 11:33 am

There we go again, the London/Frankfurt closing bell rally. Sometime between now and an hour from now as the volume drys up we seem to start the midday drift.
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Re: 07/07/2017 Live Update

Postby te_fern » Fri Jul 07, 2017 11:34 am

Trades with cats wrote:There we go again, the London/Frankfurt closing bell rally. Sometime between now and an hour from now as the volume drys up we seem to start the midday drift.
Image


Mr. Cats, is that your car?? :D
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