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07/10/2017 Live Update

Re: 07/10/2017 Live Update

Postby fehro » Mon Jul 10, 2017 12:29 pm

Al_Dente wrote:XLF still near double top resistance
Note the resistance from 2007 (this is a WEEKLY chart)
Ccatalyst may be Friday, when earnings season kicks off with four banks - C, JPM, WFC and PNC - reporting results,
accounting for roughly 5% of the S&P 500 by market cap.

The attachment 710xlf week.png.png is no longer available


XLF fwiw - weekly
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Screen Shot 2017-07-10 at 9.29.03 AM.png
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Re: 07/10/2017 Live Update

Postby Al_Dente » Mon Jul 10, 2017 12:32 pm

fehro wrote:
Al_Dente wrote:XLF still near double top resistance
Note the resistance from 2007 (this is a WEEKLY chart)
Ccatalyst may be Friday, when earnings season kicks off with four banks - C, JPM, WFC and PNC - reporting results,
accounting for roughly 5% of the S&P 500 by market cap.

XLF fwiw - weekly

WOW big difference...... i'll have to double check that !!!!!!
thanks boss
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Re: 07/10/2017 Live Update

Postby Al_Dente » Mon Jul 10, 2017 12:33 pm

big five tech, daily, with 10/20 EMAs

710big five.png.png
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Re: 07/10/2017 Live Update

Postby Cobra » Mon Jul 10, 2017 12:38 pm

the pullback will be bought.
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Re: 07/10/2017 Live Update

Postby Al_Dente » Mon Jul 10, 2017 12:41 pm

Al_Dente wrote:
fehro wrote:
Al_Dente wrote:XLF still near double top resistance
Note the resistance from 2007 (this is a WEEKLY chart)
Ccatalyst may be Friday, when earnings season kicks off with four banks - C, JPM, WFC and PNC - reporting results,
accounting for roughly 5% of the S&P 500 by market cap.

XLF fwiw - weekly

WOW big difference...... i'll have to double check that !!!!!!
thanks boss

The only way I can come close to fehro’s XLF weekly chart is if I use “dividend unadjusted”
(on stockcharts, just put an “underscore” before any symbol to get the “dividend unadjusted” price)
All charts on stockcharts adjust for dividends automatically, per my original XLF weekly chart
Here’s the “unadjusted” chart
710xlf unadjusted.png.png
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Re: 07/10/2017 Live Update

Postby Daniel » Mon Jul 10, 2017 1:11 pm

Very orderly, narrow-bar, steady advance for SPY since Friday's gap-and-go.

Steady grinding buying.
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Re: 07/10/2017 Live Update

Postby Al_Dente » Mon Jul 10, 2017 1:14 pm

GDX is attempting the impossible: a bounce off a triple bottom
“Knock three times” formation suggests a breakdown
But volume suggests at least an interim bounce

We won’t know if it’s a triple bottom until it tells us
“Triples are rare, so price often continues down without confirming the triple bottom.”
http://thepatternsite.com/tb.html
And here’s a “Busted Triple Bottom”
“but nothing is perfect”
http://thepatternsite.com/BustTripleBots.html

710gdx day.png.png
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Re: 07/10/2017 Live Update

Postby Trades with cats » Mon Jul 10, 2017 1:21 pm

ES 09-17 (15 Min)  7_10_2017.jpg


Dashed line is weekly VWAP. Fuchsia is that 200 EMA cyan is of course the 20 EMA. From Friday's gap up it sure looks like a three push up move to me.
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Re: 07/10/2017 Live Update

Postby Trades with cats » Mon Jul 10, 2017 1:32 pm

TF 09-17 (350 Tick)  7_10_2017.jpg

TF the R2K futures on a 350 tick extended trading hours chart.
This is a pattern I keep seeing where someone unleashes the
algos as soon as they only have to drag the US market up.
Problem is they are already at the speed limit of the US Regular
Trading Hours daily range high, not that the 20 day
average movement is absolute, but it is usually obeyed.
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Re: 07/10/2017 Live Update

Postby Trades with cats » Mon Jul 10, 2017 2:03 pm

ES 09-17 (1000 Tick)  7_10_2017.jpg

Here is the same thing on the S&P 500 E-mini futures with a 1,000 tick bar.
Not even close to similar action.
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Re: 07/10/2017 Live Update

Postby Trades with cats » Mon Jul 10, 2017 2:07 pm

Coolbizone has made a public post of his Wave Count for the S&P. He says the fractals are amazing.
https://pbs.twimg.com/media/DEZBAuFUAAE6wep.jpg:large
Image
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Re: 07/10/2017 Live Update

Postby Al_Dente » Mon Jul 10, 2017 2:14 pm

look what amazon is eating for lunch
710amzn lunch.png.png
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Re: 07/10/2017 Live Update

Postby Trades with cats » Mon Jul 10, 2017 2:22 pm

Pasta Boss you are so right that retail is hurting. With healthcare spending going up relentlessly and wages flat for nonsupervisory (the 80%) something has to be cut and shopping at the mall is it.

In regard to Amazon, some have pointed out that the real growth and profit margin is in cloud computing services, not the retail portion. But here is a different and interesting take on why the whales keep going up.
http://www.moneyballeconomics.com/heres-where-to-park-your-money-if-you-have-billions-to-invest/
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Re: 07/10/2017 Live Update

Postby Cobra » Mon Jul 10, 2017 2:24 pm

3 push up but I see bias still is up.
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Re: 07/10/2017 Live Update

Postby Wallstreetrader » Mon Jul 10, 2017 2:26 pm

Sell signal (in), Yellen Plan ? (high risk but very good return/risk)
gap day 5 closed
Last edited by Wallstreetrader on Mon Jul 10, 2017 2:57 pm, edited 1 time in total.
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Re: 07/10/2017 Live Update

Postby Trades with cats » Mon Jul 10, 2017 2:36 pm

Small caps back into the red.
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Re: 07/10/2017 Live Update

Postby Al_Dente » Mon Jul 10, 2017 2:41 pm

Trades with cats wrote:Pasta Boss you are so right that retail is hurting. With healthcare spending going up relentlessly and wages flat for nonsupervisory (the 80%) something has to be cut and shopping at the mall is it.
In regard to Amazon, some have pointed out that the real growth and profit margin is in cloud computing services, not the retail portion. But here is a different and interesting take on why the whales keep going up.
http://www.moneyballeconomics.com/heres-where-to-park-your-money-if-you-have-billions-to-invest/

thanks boss :D
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Re: 07/10/2017 Live Update

Postby Daniel » Mon Jul 10, 2017 2:47 pm

SPY back to its struggles with the 20day MA.

Again, right on it. (242.60)
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Re: 07/10/2017 Live Update

Postby Al_Dente » Mon Jul 10, 2017 3:04 pm

HAPPY HOUR
matador.png (1).png
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Re: 07/10/2017 Live Update

Postby Daniel » Mon Jul 10, 2017 3:05 pm

TRAN red
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