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07/19/2017 Live Update

Re: 07/19/2017 Live Update

Postby te_fern » Wed Jul 19, 2017 11:47 am

That was quick!!
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Re: 07/19/2017 Live Update

Postby Al_Dente » Wed Jul 19, 2017 11:50 am

[Almanac]
“…Long story, short, the elusive “Summer Rally” is the weakest seasonal rally of them all….”
“…So, if the market does not get excited about something soon, we may be looking at a summer selloff that is a bit deeper than usual.”
http://jeffhirsch.tumblr.com/post/16315 ... mmer-rally
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Re: 07/19/2017 Live Update

Postby Cobra » Wed Jul 19, 2017 11:59 am


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Re: 07/19/2017 Live Update

Postby Trades with cats » Wed Jul 19, 2017 11:59 am

Now that we are on our own trading wise that first try at a breakout looks kind of ugly, as in miniature twin towers bars. Maybe second time will be the charm, if it happens. Small caps not doing any better, sort of an anemic low energy version of the S&P since the european close.
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Re: 07/19/2017 Live Update

Postby Wallstreetrader » Wed Jul 19, 2017 12:07 pm

...
Last edited by Wallstreetrader on Wed Jul 19, 2017 1:11 pm, edited 8 times in total.
Bull Market No dought !
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Re: 07/19/2017 Live Update

Postby Trades with cats » Wed Jul 19, 2017 12:08 pm

Second try looks better, but still can't climb past 2467. I have several buy signals but price and indicators are really anemic. It kind of looks like a big old roiunding topping process rather than a move to higher highs. Maybe my mind is poisoned by the Atlanta Fed's model. :lol:
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Re: 07/19/2017 Live Update

Postby Daniel » Wed Jul 19, 2017 12:11 pm

Always very bullish when RSP confirms SPY on a breakout.
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Re: 07/19/2017 Live Update

Postby fehro » Wed Jul 19, 2017 12:16 pm

BOJ tonight, early morning.. may cause some overnight moves, :roll:
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Re: 07/19/2017 Live Update

Postby Al_Dente » Wed Jul 19, 2017 12:26 pm

IBM is 4.89% of the dow, it’s dragging on the dow today, now down about -4.24% on last night’s earnings

719heat.png.png
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Re: 07/19/2017 Live Update

Postby Trades with cats » Wed Jul 19, 2017 12:26 pm

Kuroda San is expected to start slowing down the printing along with the rest of those CB's. When Yellen said normalize we had a good dip. Of course we had a good gap and go when she backed it down.
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Re: 07/19/2017 Live Update

Postby Daniel » Wed Jul 19, 2017 12:27 pm

fehro wrote:BOJ tonight, early morning.. may cause some overnight moves, :roll:

Asia is becoming more relevant. EPP (Pacific Rim ex.Japan):SPY is on a strong multiday uptrend. Likewise EWA (Korea):SPY. Likewise FXI (or ASHR):SPY.

Only Japan itself is weaker than SPY.

EEM:SPY is strong. And most broadly, EFA:SPY is mildly and persistently uptrend.
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Re: 07/19/2017 Live Update

Postby Junior Buffett » Wed Jul 19, 2017 12:44 pm

Anyone here think that India- China standoff at their boarders will escalate into a full war? If that happens, will be a real kicker for Global economy...you talking approx 1 trillion trade at risk...wooooooo..I am sure this war can create more panic than anything after 9/11
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Re: 07/19/2017 Live Update

Postby fehro » Wed Jul 19, 2017 12:48 pm

GS <20d/50d/200d/20w SMAs .. + death cross not good
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Re: 07/19/2017 Live Update

Postby Cobra » Wed Jul 19, 2017 1:00 pm

the pullback will be bought again.
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Re: 07/19/2017 Live Update

Postby Trades with cats » Wed Jul 19, 2017 2:05 pm

Market is actually clawing it's way higher on a slow drift. Some saying it is piggy backing on WTI and gasoline which had a positive estimated inventory report. Like I said this weekend, it is a dangerous time to be short oil when the inventory reports come out. Refiners still running at full throttle and the Saudi's are draining their storage cutting off shipments to the US. Good timing for them, as they need their own crude to power air conditioning and they are having problems with the water injection at one of their major (and mature) fields.

As you can see the real test comes in late September/October. Another one of John Kemps charts-
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Re: 07/19/2017 Live Update

Postby Denali92 » Wed Jul 19, 2017 2:36 pm

July opex preview is posted here:

http://www.cobrasmarketview.com/2017/07192017-intra-day-update/

Bulls have gone 3 for 3 on my July opex preview points that I noted here: https://pugsma.com/denalis-turning-points-2/denalis-turning-points-2017/

The market is definitely persistent.... Lets see if the Bears get any of the points I made in my preview.

-D
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Re: 07/19/2017 Live Update

Postby Al_Dente » Wed Jul 19, 2017 3:02 pm

HAPPY HOUR
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Re: 07/19/2017 Live Update

Postby Al_Dente » Wed Jul 19, 2017 3:03 pm

Reporting tonight:
AXP
QCOM
TMUS
Reporting tomorrow before the open:
TRV
UNP
Reporting tomorrow after the close:
MSFT
V
EBAY
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Re: 07/19/2017 Live Update

Postby Daniel » Wed Jul 19, 2017 3:39 pm

Cobra wrote:so far looks like an uptrend day.

As indeed it was. A timely observation, especially when made around 10am-- since SPY and IWM have not come close to testing their 15min 20ema today, and QQQ has only once barely kissed it. All these EMAs have been strongly upslope.

Seasonally, the worst two days of this Opex week tend to be tomorrow and Friday, per Stock Traders Almanac.
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Re: 07/19/2017 Live Update

Postby Cobra » Wed Jul 19, 2017 3:53 pm


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