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08/10/2017 Live Update

Trades with cats
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Re: 08/10/2017 Live Update

Post by Trades with cats »

July 27th
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

Post by Trades with cats »

ES 09-17 (15 Min)  8_10_2017.jpg
Here is today for comparison.
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Cobra
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Re: 08/10/2017 Live Update

Post by Cobra »

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

Post by Al_Dente »

big tech
810big tech.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 08/10/2017 Live Update

Post by Al_Dente »

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."
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 08/10/2017 Live Update

Post by Cobra »

possible higher low, some chances the low was in for today.
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MrMiyagi
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Post by MrMiyagi »

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

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Trades with cats
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Re: 08/10/2017 Live Update

Post by Trades with cats »

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

Post by Trades with cats »

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

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Cobra
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Re: 08/10/2017 Live Update

Post by Cobra »

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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fehro
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Re: 08/10/2017 Live Update

Post by fehro »

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