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08/18/2017 Live Update

Daniel
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Re: 08/18/2017 Live Update

Post by Daniel »

te_fern wrote:Are you sure it wasn't because they were saying 'we finally suckered fern into going short'!! LOL!
There were rumors, unconfirmed, that the "finally suckering" of Te Fern indeed moved the market today.
;)
Kidding aside, there is a prevailing tendency on Opex Fridays for the AM session to be weak, and the afternoon session to be neutral, or even recovering from the morning weakness.
Daniel
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Re: 08/18/2017 Live Update

Post by Daniel »

QQQ, SPY, IWM clinging to tiny gains; RSP, MDY, XLI showing mild losses. Risk off vehicles are also fairly flatline.
Daniel
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Re: 08/18/2017 Live Update

Post by Daniel »

Al_Dente wrote:Semiconductors often lead...Now there’s a bit of positive divergence
Today SMH is a stronger sector, up about 1/2 of 1%.
te_fern
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Re: 08/18/2017 Live Update

Post by te_fern »

Daniel wrote:
te_fern wrote:Are you sure it wasn't because they were saying 'we finally suckered fern into going short'!! LOL!
There were rumors, unconfirmed, that the "finally suckering" of Te Fern indeed moved the market today.
;)
Kidding aside, there is a prevailing tendency on Opex Fridays for the AM session to be weak, and the afternoon session to be neutral, or even recovering from the morning weakness.
Thank you for that. I was also worried that the market tends to go sideways in the afternoon, more often than not.....
This is not investment or trade advice.
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Al_Dente
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Re: 08/18/2017 Live Update

Post by Al_Dente »

818ten days.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
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Re: 08/18/2017 Live Update

Post by Trades with cats »

If this is a fourth wave then it is supposed to confuse us about market direction. Considering the wave two lasted about a week and had a really nice retrace just seems reasonable that we jerk around with an upwards tilt towards the Jackson Hole speeches on Friday. Based on the past our financial Sovereign rulers tend to decree good things for the market at Jackson hole. If this a fourth wave they could be ready to make a Bernanke taper tantrum speech and send us on down.

Tin foil hat folks think the Fed is triggering a selloff because the Treasury needs money and massive profit taking means tax payments flooding in to help prolong the spending limit crisis. I would think they win on this one as the Fed has to be way more concerned with the threat of default than they are about a 10% overdue market correction.
Daniel
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Re: 08/18/2017 Live Update

Post by Daniel »

USO is up 3.5% today, yet XLE is not even up 1%. Some divergence, there.

Looking at SPY, QQQ, IWM-- in the 15min timeframe, none of them has been able to get and hold above their 20ema.
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Al_Dente
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Re: 08/18/2017 Live Update

Post by Al_Dente »

te_fern wrote:Giving the downside trade a try. We'll see...
you didn't get stopped out yet [???]
you've got a higher low boss
it's a coin toss, may the force be with you (i don't mean the force index)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Daniel
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Re: 08/18/2017 Live Update

Post by Daniel »

SPY volume today is already greater than all but 3 sessions of the past two months. Those 3 were all down days. Yesterday's elevated volume is being confirmed.
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Al_Dente
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Re: 08/18/2017 Live Update

Post by Al_Dente »

HAPPY HOUR
Help me obi-wan kenobe, you're my only hope.png.png
Help me Obi-wan Kenobe, you're my only hope.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
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Re: 08/18/2017 Live Update

Post by te_fern »

Al_Dente wrote:
te_fern wrote:Giving the downside trade a try. We'll see...
you didn't get stopped out yet [???]
you've got a higher low boss
it's a coin toss, may the force be with you (i don't mean the force index)
Haha, no, I used your 400 min MA line as the stop point. So, it has kept me in the trade. One thing nice about TZA is that it doesn't move as fast as some as the other levered tickers! LOL!
This is not investment or trade advice.
brokebybernacke2
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Re: 08/18/2017 Live Update

Post by brokebybernacke2 »

lost
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te_fern
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Re: 08/18/2017 Live Update

Post by te_fern »

TZA can't seem to break 21....
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Al_Dente
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Re: 08/18/2017 Live Update

Post by Al_Dente »

Daily going into the close
Lower lows
Spinning top doji-ish
SPX
INDU
NDX
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
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Re: 08/18/2017 Live Update

Post by Trades with cats »

In bad need of a 3:30 ramp
te_fern
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Re: 08/18/2017 Live Update

Post by te_fern »

Trades with cats wrote:In bad need of a 3:30 ramp
Let me have my ramp down first and then it can ramp up before the close! LOL!!
This is not investment or trade advice.
Wallstreetrader
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Re: 08/18/2017 Live Update

Post by Wallstreetrader »

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Last edited by Wallstreetrader on Wed Oct 11, 2017 12:22 pm, edited 3 times in total.
Trades with cats
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Re: 08/18/2017 Live Update

Post by Trades with cats »

So with this bad week how many longer time frame 401K index etf buyer types will be sitting down this weekend staring at a sell signal?
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Al_Dente
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Re: 08/18/2017 Live Update

Post by Al_Dente »

Wallstreetrader wrote::twisted:
Crystal ball say sell off close... :ugeek:
is that a camera or a gun?
please don't post guns on this board
thank you
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Wallstreetrader
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Re: 08/18/2017 Live Update

Post by Wallstreetrader »

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Last edited by Wallstreetrader on Wed Oct 11, 2017 12:22 pm, edited 1 time in total.
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