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07/17/2017 Live Update

07/17/2017 Live Update

Postby Cobra » Mon Jul 17, 2017 9:22 am

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consolidation, bias is up.
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Re: 07/17/2017 Live Update

Postby Cobra » Mon Jul 17, 2017 9:26 am


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Re: 07/17/2017 Live Update

Postby fehro » Mon Jul 17, 2017 9:28 am

possible resistance near here.. SPX daily fwiw. If so.. mind the lower pink, 20d 2433ish
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Re: 07/17/2017 Live Update

Postby Daniel » Mon Jul 17, 2017 9:38 am

AAPL gap fill powering early RS in XLK and QQQ.

IWM weak.
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Re: 07/17/2017 Live Update

Postby Trades with cats » Mon Jul 17, 2017 9:43 am

Testing Friday's closing minutes low/overnight low. How many bounces are allowed at this support without a new high?
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Re: 07/17/2017 Live Update

Postby te_fern » Mon Jul 17, 2017 9:49 am

The indicators at the bottom are coming off of oversold positions....
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Re: 07/17/2017 Live Update

Postby Trades with cats » Mon Jul 17, 2017 9:54 am

If you accept that the R2K is a proxy for high volatility stocks, that is to say that this popular chart is a valid correlation.
Image

Then this is very concerning about the R2K future outlook.
Image
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Re: 07/17/2017 Live Update

Postby Cobra » Mon Jul 17, 2017 10:03 am


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Re: 07/17/2017 Live Update

Postby fehro » Mon Jul 17, 2017 10:06 am

index dailies... COMPQ tryin desperately to make nATH as SPX/INDU/TRANS did last week.. just 15 points short :roll: .... RUT also just no nATH last week.. sooo close
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Re: 07/17/2017 Live Update

Postby Daniel » Mon Jul 17, 2017 10:17 am

Trades with cats wrote:Testing Friday's closing minutes low/overnight low. How many bounces are allowed at this support without a new high?

As many as needed.

"All bulls need is imagination." - Cobra
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Re: 07/17/2017 Live Update

Postby fehro » Mon Jul 17, 2017 10:19 am

nibble short. not ideal.. 2460 SPX
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Re: 07/17/2017 Live Update

Postby Daniel » Mon Jul 17, 2017 10:24 am

fehro wrote:nibble short. not ideal.. 2460 SPX

EFA, EPP basically flat. EEM, EUFN down a bit less than -0.5%.

Foreign markets have been a tailwind for the past week or so, even stronger than our markets. And China disappointed majorly, overnite, in some financial/banking fashion... major indexes there were down 3-4% in a mini flashcrash, before recovering.
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Re: 07/17/2017 Live Update

Postby te_fern » Mon Jul 17, 2017 10:38 am

Levered financials are bouncing.....
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Re: 07/17/2017 Live Update

Postby te_fern » Mon Jul 17, 2017 10:40 am

Levered Tech has pulled back from high of the day...
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Re: 07/17/2017 Live Update

Postby Daniel » Mon Jul 17, 2017 10:42 am

KRE has been leading the rebound in financials... just briefly went green.
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Re: 07/17/2017 Live Update

Postby fehro » Mon Jul 17, 2017 10:47 am

:roll:
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Re: 07/17/2017 Live Update

Postby Trades with cats » Mon Jul 17, 2017 10:54 am

4th or 5th touch on overnight highs, I'm losing track.
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Re: 07/17/2017 Live Update

Postby te_fern » Mon Jul 17, 2017 10:58 am

fehro wrote::roll:


fehro, I would call that a double top.... :D
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Re: 07/17/2017 Live Update

Postby Trades with cats » Mon Jul 17, 2017 11:01 am

Looking like everyone is keeping their powder dry for tonight when the ultra critical new subscriber number is revealed. I see a strong parallel with the Shale drillers. They borrow money for wells that may never cover the debt but as long as production keeps going up people want in. Netflix borrows tons of money for new content that may or may not ever generate enough revenue to cover it's cost but as long as the subscriber number is up and to the right no one cares about profits or future liabilities for contracted work. I don't trade Netflix because it has a faith based valuation and I don't have the chart skills to understand that. But I do know how to chart that type of stock when the faith goes away, it is called a waterfall collapse. The rebounds are vicious but the drops are spectacular.
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Re: 07/17/2017 Live Update

Postby fehro » Mon Jul 17, 2017 11:08 am

ding ding RUT nATH

so SPX/INDU/TRANS/RUT/NYSE .. now all made nATH last week/today laggard COMPQ almost there.. NDX lags the most
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