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07/07/2017 Live Update

Re: 07/07/2017 Live Update

Postby Cobra » Fri Jul 07, 2017 11:35 am

this bull shall have legs.
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Re: 07/07/2017 Live Update

Postby te_fern » Fri Jul 07, 2017 11:42 am

Second degree support of Cobra, tick is now showing up!
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Re: 07/07/2017 Live Update

Postby Daniel » Fri Jul 07, 2017 11:46 am

Naz advancers very robust >1900, and pressing on HOD.
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Re: 07/07/2017 Live Update

Postby Cobra » Fri Jul 07, 2017 12:01 pm


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Re: 07/07/2017 Live Update

Postby te_fern » Fri Jul 07, 2017 12:04 pm

Stuck at yesterday's open (not clear on this chart). Need to move higher to start closing the gap!
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Re: 07/07/2017 Live Update

Postby te_fern » Fri Jul 07, 2017 12:05 pm

Moving average lines just went positive though, so maybe it will make it!!
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Re: 07/07/2017 Live Update

Postby Daniel » Fri Jul 07, 2017 12:08 pm

xlf/fas at or near HOD (XLF into its R1 level, ca25.07)

Banks, financials have been a strong sector recently.

Really strong dog today-- semis
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Re: 07/07/2017 Live Update

Postby te_fern » Fri Jul 07, 2017 12:14 pm

It would help the levered Financials to break this line!
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Re: 07/07/2017 Live Update

Postby Wallstreetrader » Fri Jul 07, 2017 12:20 pm

out of longs ...
vix above mm50 concerns me
have a great weekend guys
Bull Market No dought !
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Re: 07/07/2017 Live Update

Postby Daniel » Fri Jul 07, 2017 12:27 pm

te_fern wrote:It would help the levered Financials to break this line!

Indeed. And it would help SPX/DJIA/Value-indexes etc. if they would.

Steady lift from a rotation into banks and value, some money rotating in as it flees bonds... perhaps the market can correct over the summer by sideways drift...
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Re: 07/07/2017 Live Update

Postby te_fern » Fri Jul 07, 2017 12:37 pm

And its pushing through....
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Re: 07/07/2017 Live Update

Postby Trades with cats » Fri Jul 07, 2017 12:38 pm

Bank earnings reports start next week don't they?

One of Bob Farrell's 10 rules :

4. Exponential rapidly rising or falling markets usually go further than you think, but they do not correct by going sideways.
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Re: 07/07/2017 Live Update

Postby Cobra » Fri Jul 07, 2017 12:46 pm

bias is up.
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Re: 07/07/2017 Live Update

Postby Cobra » Fri Jul 07, 2017 1:51 pm

pullback will be bought
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Re: 07/07/2017 Live Update

Postby Al_Dente » Fri Jul 07, 2017 2:57 pm

WARNING
Predatory algos flash crashed silver… futures were halted last night
No problem… just a “glitch”
“If a group of competing algos were stop hunting during thinly traded markets as they commonly do, then it is conceivable that their races to sell- trigger stops-cover (rinse repeat) could have created a snowball effect of self reinforcing momentum.”
“nanosecond deluge of selling”
“this type of increasing activity is undermining the integrity of its markets”
http://www.zerohedge.com/news/2017-07-0 ... kg-comment
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Re: 07/07/2017 Live Update

Postby Al_Dente » Fri Jul 07, 2017 3:00 pm

HAPPY HOUR
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Re: 07/07/2017 Live Update

Postby te_fern » Fri Jul 07, 2017 3:09 pm

SPX is rolling over into the close...
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Re: 07/07/2017 Live Update

Postby Daniel » Fri Jul 07, 2017 3:21 pm

Al_Dente wrote:Predatory algos flash crashed silver… futures were halted last night

SLV still down >3% today, on huge volume
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Re: 07/07/2017 Live Update

Postby Wallstreetrader » Fri Jul 07, 2017 3:22 pm

got sell signal into my phone... break below 23 could accelerate the sell.
Bull Market No dought !
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Re: 07/07/2017 Live Update

Postby Daniel » Fri Jul 07, 2017 3:30 pm

te_fern wrote:And it (FAS) is pushing through....


Actually FAS/XLF both pulled back from intraday highs, and are forming a doji and an inside day, all within the range of the first day of the week. So no strong clue as to next week can be sought from this sector.
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