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07/13/2017 Live Update

07/13/2017 Live Update

Postby Cobra » Thu Jul 13, 2017 9:20 am

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the pullback likely will be bought.
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Re: 07/13/2017 Live Update

Postby Cobra » Thu Jul 13, 2017 9:23 am


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Re: 07/13/2017 Live Update

Postby fehro » Thu Jul 13, 2017 9:30 am

only thing going up is fence sitters… :roll: :lol: :lol: :lol: http://www.aaii.com/sentimentsurvey/sent_results
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Screen Shot 2017-07-13 at 6.29.34 AM.png
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Re: 07/13/2017 Live Update

Postby Daniel » Thu Jul 13, 2017 9:46 am

fehro wrote:only thing going up is fence sitters… :lol:

Mike Burke of Investors Intelligence wrote quite a bit about "fence-sitters", "Neutral postures", "correction warning" and other 'tweener states.

Hardest zone to accurately define.

He and others always use actual-money sentiment indicators like the Rydex Bull/Bear ratio and such to ascertain what real money is doing.
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Re: 07/13/2017 Live Update

Postby Daniel » Thu Jul 13, 2017 9:48 am

qqq/iwm divergence continues today.
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Re: 07/13/2017 Live Update

Postby Trades with cats » Thu Jul 13, 2017 9:49 am

Smalls are into the Yellen gap.

Would be super ironic if they closed the gap while she is testifying to the senate.
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Re: 07/13/2017 Live Update

Postby Al_Dente » Thu Jul 13, 2017 9:50 am

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Re: 07/13/2017 Live Update

Postby QED » Thu Jul 13, 2017 9:50 am

Fehro, your best guess:
On the /ES ... which do we see first: 2,400 or 2,500?
Thanks! :)
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Re: 07/13/2017 Live Update

Postby Cobra » Thu Jul 13, 2017 10:01 am


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Re: 07/13/2017 Live Update

Postby fehro » Thu Jul 13, 2017 10:14 am

QED wrote:Fehro, your best guess:
On the /ES ... which do we see first: 2,400 or 2,500?
Thanks! :)


Using SPX as a proxy.. as I prefer.. SPX 2466.64 :roll: :twisted: :lol: (2008 666.79) not sure.. NDX/COMPQ lag.. no new ATH on them.. the 9 year rally is toast. Tag that level and reverse.. and hit the lower pink at Jackson Hole in AUG.. with no new ATH NDX/COMPQ .. all hell breaks loose in the fall .. sharp drop. fwiw :roll:

2yr target tagged -ish
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Screen Shot 2017-07-13 at 7.08.26 AM.png
Screen Shot 2017-07-13 at 7.06.15 AM.png
Screen Shot 2017-07-13 at 7.05.27 AM.png
Long term 2yr target tagged.
Screen Shot 2017-07-13 at 7.03.06 AM.png
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Re: 07/13/2017 Live Update

Postby johnnywa » Thu Jul 13, 2017 10:18 am

Trades with cats wrote:Smalls are into the Yellen gap.

Would be super ironic if they closed the gap while she is testifying to the senate.

Small crapers want gap closure or do they keep running down
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Re: 07/13/2017 Live Update

Postby Trades with cats » Thu Jul 13, 2017 10:29 am

Smalls breaking down out of the range, clearly into the gap for now. ES into red, but a ways to go to reach the gap.
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Re: 07/13/2017 Live Update

Postby fehro » Thu Jul 13, 2017 10:30 am

fehro wrote:
QED wrote:Fehro, your best guess:
On the /ES ... which do we see first: 2,400 or 2,500?
Thanks! :)


Using SPX as a proxy.. as I prefer.. SPX 2466.64 :roll: :twisted: :lol: (2008 666.79) not sure.. NDX/COMPQ lag.. no new ATH on them.. the 9 year rally is toast. Tag that level and reverse.. and hit the lower pink at Jackson Hole in AUG.. with no new ATH NDX/COMPQ .. all hell breaks loose in the fall .. sharp drop. fwiw :roll:

2yr target tagged -ish


Or Today? :roll: top? :lol: :lol: :lol:
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Re: 07/13/2017 Live Update

Postby Trades with cats » Thu Jul 13, 2017 10:30 am

What did she say ?
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Re: 07/13/2017 Live Update

Postby fehro » Thu Jul 13, 2017 10:36 am

Trades with cats wrote:What did she say ?


she saw my chart. :roll: :lol: :lol: :lol:
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Re: 07/13/2017 Live Update

Postby Cobra » Thu Jul 13, 2017 12:05 pm


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Re: 07/13/2017 Live Update

Postby fehro » Thu Jul 13, 2017 12:24 pm

SPX pressing for open gap 2450-52 near ATH, June
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Re: 07/13/2017 Live Update

Postby Daniel » Thu Jul 13, 2017 12:48 pm

SPX near ATH, and NYSE McClellan Oscillator is just barely positive-- nowhere near an overbought reading. Lots of overhead room.

A classic bull grinder. Boring, boring, boring... a wormhole to successive new highs, lots of low cost capital (aka 'cheap money') fueling it.

"We are flying at an altitude of 39,000 feet, Captain High at your service"
- Jefferson Airplane

Captain Fed, piloting 'TransLove Airways' to the stratosphere.

We need BB52's chart, showing the moon in the upper right hand corner.

:)
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Re: 07/13/2017 Live Update

Postby Al_Dente » Thu Jul 13, 2017 12:50 pm

20 days
Big five tech
Percentage
713qqq 20.png.png
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Re: 07/13/2017 Live Update

Postby Wallstreetrader » Thu Jul 13, 2017 12:56 pm

GM

Bull markets are so sick :mrgreen: :mrgreen:
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Bull Market No dought !
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