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Re: 08/10/2017 Live Update

PostPosted: Thu Aug 10, 2017 12:40 pm
by Trades with cats
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?

Re: 08/10/2017 Live Update

PostPosted: Thu Aug 10, 2017 12:42 pm
by Trades with cats
ES 09-17 (15 Min)  8_10_2017.jpg

Here is today for comparison.

Re: 08/10/2017 Live Update

PostPosted: Thu Aug 10, 2017 1:04 pm
by Cobra
rebound shall have small legs.

Re: 08/10/2017 Live Update

PostPosted: Thu Aug 10, 2017 1:09 pm
by Al_Dente
big tech
810big tech.png.png

Re: 08/10/2017 Live Update

PostPosted: Thu Aug 10, 2017 1:30 pm
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."

Re: 08/10/2017 Live Update

PostPosted: Thu Aug 10, 2017 2:21 pm
by Cobra
possible higher low, some chances the low was in for today.

PostPosted: Thu Aug 10, 2017 3:21 pm
by MrMiyagi
Nope, Janet went back to the bathroom :roll: .

Re: 08/10/2017 Live Update

PostPosted: Thu Aug 10, 2017 3:30 pm
by Cobra

Re: 08/10/2017 Live Update

PostPosted: Thu Aug 10, 2017 3:34 pm
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.

Re: 08/10/2017 Live Update

PostPosted: Thu Aug 10, 2017 3:37 pm
by Trades with cats
What a coincidence that Goldman announces "it's a correction" 35 minutes ago and the market promptly slides 6 handles.

Re: 08/10/2017 Live Update

PostPosted: Thu Aug 10, 2017 3:49 pm
by Cobra

Re: 08/10/2017 Live Update

PostPosted: Thu Aug 10, 2017 3:50 pm
by Cobra
well, guess that's it for today. Friday has been bull friendly recently. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

Re: 08/10/2017 Live Update

PostPosted: Thu Aug 10, 2017 3:58 pm
by fehro
VIX near 6 month highs… 50d SMAs dropping like flies