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08/10/2017 Live Update

Re: 08/10/2017 Live Update

Postby Trades with cats » Thu Aug 10, 2017 12:40 pm

ES 09-17 (15 Min)  7_28_2017.jpg
July 27th

Just wondering if there is a chance of this July 27 chart repeating today. Or is the Fed really turning their back?
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Re: 08/10/2017 Live Update

Postby Trades with cats » Thu Aug 10, 2017 12:42 pm

ES 09-17 (15 Min)  8_10_2017.jpg

Here is today for comparison.
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Re: 08/10/2017 Live Update

Postby Cobra » Thu Aug 10, 2017 1:04 pm

rebound shall have small legs.
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Re: 08/10/2017 Live Update

Postby Al_Dente » Thu Aug 10, 2017 1:09 pm

big tech
810big tech.png.png
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Re: 08/10/2017 Live Update

Postby Al_Dente » Thu Aug 10, 2017 1:30 pm

ray dalio gold.png.png

Whale Ray Dalio, last night in a note to clients:
“If you don't have 5-10% of your assets in gold as a hedge, we'd suggest you relook at this."
“In Case Things Go Badly."
"If you do have an excellent analysis of why you shouldn't have such an allocation to gold, we'd appreciate you sharing it with us."
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Re: 08/10/2017 Live Update

Postby Cobra » Thu Aug 10, 2017 2:21 pm

possible higher low, some chances the low was in for today.
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Postby MrMiyagi » Thu Aug 10, 2017 3:21 pm

Nope, Janet went back to the bathroom :roll: .
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Re: 08/10/2017 Live Update

Postby Cobra » Thu Aug 10, 2017 3:30 pm


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Re: 08/10/2017 Live Update

Postby Trades with cats » Thu Aug 10, 2017 3:34 pm

Not holding overnight, but I have to think the odds of this selloff lasting all night are pretty good.

Chair Yellen has had the troops out with very clear messaging that a sell off in the market is not something they are concerned about. And we are nowhere close to the magic 10%, but if this goes a little too far and the equal risk etc etc funds start dumping then the Fed's resolve could be tested. Not saying it will happen because they know that if it starts they will have a very hard time stopping it without a Dudley or somebody going out and saying just kidding, we really are going to intervene.
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Re: 08/10/2017 Live Update

Postby Trades with cats » Thu Aug 10, 2017 3:37 pm

What a coincidence that Goldman announces "it's a correction" 35 minutes ago and the market promptly slides 6 handles.
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Re: 08/10/2017 Live Update

Postby Cobra » Thu Aug 10, 2017 3:49 pm


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Re: 08/10/2017 Live Update

Postby Cobra » Thu Aug 10, 2017 3:50 pm

well, guess that's it for today. Friday has been bull friendly recently. thank you guys, I'll see you tomorrow.

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Re: 08/10/2017 Live Update

Postby fehro » Thu Aug 10, 2017 3:58 pm

VIX near 6 month highs… 50d SMAs dropping like flies
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