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08/16/2017 Live Update

08/16/2017 Live Update

Postby Cobra » Wed Aug 16, 2017 9:21 am

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double top or not, wait and see. Maybe 49% chances.
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Re: 08/16/2017 Live Update

Postby Wallstreetrader » Wed Aug 16, 2017 9:25 am

GM
Dax filled the gap 8/8
Again bots did once again a tremendous job :mrgreen:
Last edited by Wallstreetrader on Wed Aug 16, 2017 9:54 am, edited 4 times in total.
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Re: 08/16/2017 Live Update

Postby Cobra » Wed Aug 16, 2017 9:26 am


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Re: 08/16/2017 Live Update

Postby fehro » Wed Aug 16, 2017 9:28 am

SPX opening at 20d SMA 2470ish .. pretty much.. key time
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Re: 08/16/2017 Live Update

Postby Wallstreetrader » Wed Aug 16, 2017 9:34 am

Back later , at FOMC :o
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Re: 08/16/2017 Live Update

Postby fehro » Wed Aug 16, 2017 9:35 am

20d/50d for SPX/COMPQ TRANS nibble sm short SPX 2470
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Re: 08/16/2017 Live Update

Postby Trades with cats » Wed Aug 16, 2017 9:37 am

ECB throws a curveball announces Drahi won't make policy speech next week, instead will wait for October. Kills Wall Street Journal narrative I had been assuming was accurate. :o
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Re: 08/16/2017 Live Update

Postby fehro » Wed Aug 16, 2017 9:42 am

fehro wrote:20d/50d for SPX/COMPQ TRANS nibble sm short SPX 2470


VIX spikes! :shock: green with indexes making insurance expensive for FOMC minutes :roll:
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Re: 08/16/2017 Live Update

Postby Wallstreetrader » Wed Aug 16, 2017 9:46 am

fehro wrote:
fehro wrote:20d/50d for SPX/COMPQ TRANS nibble sm short SPX 2470


VIX spikes! :shock: green with indexes


...
Last edited by Wallstreetrader on Wed Aug 16, 2017 10:28 am, edited 1 time in total.
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Re: 08/16/2017 Live Update

Postby fehro » Wed Aug 16, 2017 9:58 am

mind your oils and gold.. DXY on the verge of a possible explosive up move D/30m.. 2nd invs H&S 30m pink, Cyan 1st one 50d DXY 95.26
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Re: 08/16/2017 Live Update

Postby Cobra » Wed Aug 16, 2017 10:02 am


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Re: 08/16/2017 Live Update

Postby Trades with cats » Wed Aug 16, 2017 10:06 am

Dollar has a lot of shorts, media reporting on how crowded that trade is. So lots of fuel for a strong move.
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Re: 08/16/2017 Live Update

Postby QED » Wed Aug 16, 2017 10:14 am

Small caps outperform ahead of Labor Day
http://jeffhirsch.tumblr.com/post/16422 ... -labor-day
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Re: 08/16/2017 Live Update

Postby Trades with cats » Wed Aug 16, 2017 10:35 am

OIL Considering how many times the API inventory has not been close to what the EIA reports algo bots must be on high alert waiting to see if the huge draw is confirmed. I award myself 2 points for saying earlier that all the potential hurricanes can wreak havoc on shipping schedules making this a particularly volatile time of year for inventory numbers.

My bottom line remains that any prices above $50 will be met with substantial increases in shale oil production. Continuing reports that shale is a flash in the pan may eventually prove true but like the airline executive said "in the long run we're all dead anyways". My wife's monthly royalty checks from conventional gas wells continue to prove that shale gas has not gone away yet. :( OPEC has proven that they haven't changed, the difference this year is that a new crop of 28 year old Ivy Leage history magers running other peoples money have learned that it isn't different this time. :lol:

Inventory levels are coming down because the US refineries are filling the gap in Latin America. I don't know how long that will continue. I don't know if a Dollar rally will kill that trade. If it slows down US gasoline inventories will go straight up and panic the market.

I do know that Hurricane season will end and the US refineries will turn off and switch over to winter blend which also opens the door for imported gasoline from other continents. EPA (as far as I know) allows a single blend to be sold throughout the country in the winter, as opposed to the 20 or so blends they mandate during the summer. So we will see what the low is this winter.
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Re: 08/16/2017 Live Update

Postby Trades with cats » Wed Aug 16, 2017 10:42 am

TF 09-17 (3500 Tick)  8_16_2017.jpg
Small Caps over the last couple of weeks
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Re: 08/16/2017 Live Update

Postby Cobra » Wed Aug 16, 2017 10:45 am

this bull may have small legs.
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Re: 08/16/2017 Live Update

Postby Al_Dente » Wed Aug 16, 2017 11:03 am

N. Korea fears have eased, but the US Defense sector (third panel) may be consolidating, waiting for the next war threat

816korea defense.png.png
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Re: 08/16/2017 Live Update

Postby fehro » Wed Aug 16, 2017 11:07 am

SPX gap fill. here.. resistance.. looking for a stall
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Re: 08/16/2017 Live Update

Postby Trades with cats » Wed Aug 16, 2017 11:07 am

Small Caps starting to show bearish momentum. Close to testing yesterday VWAP support at 1386 TF
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Re: 08/16/2017 Live Update

Postby Al_Dente » Wed Aug 16, 2017 11:09 am

big tech
aapl ATH
tweet trashed amzn, but not much damage
816tech.png.png
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