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08/08/2017 Live Update

08/08/2017 Live Update

Postby Cobra » Tue Aug 08, 2017 9:21 am

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bias is a little bit down.
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Re: 08/08/2017 Live Update

Postby fehro » Tue Aug 08, 2017 9:36 am

SPX 60m takes out 2472.50 look for a 9 point drop to 2465.. dabbled short / added at 2477.00
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Re: 08/08/2017 Live Update

Postby Trades with cats » Tue Aug 08, 2017 9:37 am

Oil having a bad day.
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Re: 08/08/2017 Live Update

Postby fehro » Tue Aug 08, 2017 9:40 am

Weakness in TRANSports and INDU possible shooting star yesterday.. too early.. RUT futures.. looses this level 60m bearish wedge target is 1400ish $RUT
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Re: 08/08/2017 Live Update

Postby JFR » Tue Aug 08, 2017 9:41 am

Overnight gap down on YM, ES and NQ.
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Re: 08/08/2017 Live Update

Postby fehro » Tue Aug 08, 2017 9:41 am

Trades with cats wrote:Oil having a bad day.



oil playing moving average ping pong… 200d 49.39 50w 49.08 6 days worth :roll:
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Re: 08/08/2017 Live Update

Postby JFR » Tue Aug 08, 2017 9:47 am

TICK in the negative ...
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Re: 08/08/2017 Live Update

Postby Trades with cats » Tue Aug 08, 2017 9:49 am

Yesterday's low is holding in the ES. So the question is will we spend six hours drifting back to yesterday's high. I already posted the Groundhog Day poster, gotta find something else. :lol:
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Re: 08/08/2017 Live Update

Postby fehro » Tue Aug 08, 2017 9:50 am

fehro wrote:
Trades with cats wrote:Oil having a bad day.



oil playing moving average ping pong… 200d 49.39 50w 49.08 6 days worth :roll:



/CL takes out 48.75 look to target of 46.50ish.. sloppy H&S 60m.. 20w $48.08, 20d 47.88 50d 46.37
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Re: 08/08/2017 Live Update

Postby JFR » Tue Aug 08, 2017 9:56 am

Gap fill on YM ...
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Re: 08/08/2017 Live Update

Postby Cobra » Tue Aug 08, 2017 10:02 am


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Re: 08/08/2017 Live Update

Postby Cobra » Tue Aug 08, 2017 10:04 am

morning hourly hollow red
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Re: 08/08/2017 Live Update

Postby Trades with cats » Tue Aug 08, 2017 10:20 am

Interesting article from Oil Price .com up at Zerohedge this morning. Shows a different take on inventories, lots of charts. Does a good job of belittling people like me who watch the news for sentiment shifts :D . They do reach my conclusion on shale drillers which is Druckenmiller's comment 'I never met a Texan who wasn't willing to drill a hole with other people's money'.
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Re: 08/08/2017 Live Update

Postby JFR » Tue Aug 08, 2017 10:23 am

Gap fill on ES.
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Re: 08/08/2017 Live Update

Postby Trades with cats » Tue Aug 08, 2017 10:24 am

Small caps certainly compressed the time line down, bumping on yesterday's high already. I have ADR high four handles higher at 1420 on the TF. IF they make it a 10 point plus move today.
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Re: 08/08/2017 Live Update

Postby Al_Dente » Tue Aug 08, 2017 10:26 am

YESTERDAY: ALMANAC data
The DJIA 10 Straight & Counting
Its longest winning streak on record going back to 1901 was 13 trading days in January 1987.
http://jeffhirsch.tumblr.com/post/16391 ... t-counting
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Re: 08/08/2017 Live Update

Postby fehro » Tue Aug 08, 2017 10:30 am

DXY USdollar up sharply.. mind your gold and oils
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Re: 08/08/2017 Live Update

Postby Trades with cats » Tue Aug 08, 2017 10:31 am

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Re: 08/08/2017 Live Update

Postby Trades with cats » Tue Aug 08, 2017 10:37 am

Aha! Market got Jolted. So rate hikes are on again, Hooray with corporate debt to cash flow at the highest level in years that is good news! :twisted: Algo's must be behind the world wide buying. Doesn't make sense that the Dax went up with the US Dollar except that the Euro fell, after the last couple of weeks of the opposite. Wait, it must be one of those no matter what the news up it goes situations. I must re-train my brain to stop looking for fundamental economic reasons for market behavior.
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Re: 08/08/2017 Live Update

Postby Wallstreetrader » Tue Aug 08, 2017 10:38 am

Dax has some resistance at 12300, but if breaks ... :ugeek:
Bull Market No dought !
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