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08/18/2017 Live Update

Re: 08/18/2017 Live Update

Postby Daniel » Fri Aug 18, 2017 2:12 pm

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.
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Re: 08/18/2017 Live Update

Postby Daniel » Fri Aug 18, 2017 2:18 pm

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

Postby Daniel » Fri Aug 18, 2017 2:23 pm

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%.
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Re: 08/18/2017 Live Update

Postby te_fern » Fri Aug 18, 2017 2:32 pm

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.....
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Re: 08/18/2017 Live Update

Postby Al_Dente » Fri Aug 18, 2017 2:37 pm

818ten days.png
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Re: 08/18/2017 Live Update

Postby Trades with cats » Fri Aug 18, 2017 2:38 pm

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.
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Re: 08/18/2017 Live Update

Postby Daniel » Fri Aug 18, 2017 2:46 pm

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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Re: 08/18/2017 Live Update

Postby Al_Dente » Fri Aug 18, 2017 2:48 pm

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)
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Re: 08/18/2017 Live Update

Postby Daniel » Fri Aug 18, 2017 3:01 pm

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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Re: 08/18/2017 Live Update

Postby Al_Dente » Fri Aug 18, 2017 3:02 pm

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
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Re: 08/18/2017 Live Update

Postby te_fern » Fri Aug 18, 2017 3:05 pm

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!
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Re: 08/18/2017 Live Update

Postby brokebybernacke2 » Fri Aug 18, 2017 3:06 pm

lost
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Re: 08/18/2017 Live Update

Postby te_fern » Fri Aug 18, 2017 3:24 pm

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

Postby Al_Dente » Fri Aug 18, 2017 3:26 pm

Daily going into the close
Lower lows
Spinning top doji-ish
SPX
INDU
NDX
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Re: 08/18/2017 Live Update

Postby Trades with cats » Fri Aug 18, 2017 3:30 pm

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

Postby te_fern » Fri Aug 18, 2017 3:33 pm

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!!
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Re: 08/18/2017 Live Update

Postby Wallstreetrader » Fri Aug 18, 2017 3:36 pm

...
Last edited by Wallstreetrader on Wed Oct 11, 2017 12:22 pm, edited 3 times in total.
Bull Market No dought !
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Re: 08/18/2017 Live Update

Postby Trades with cats » Fri Aug 18, 2017 3:40 pm

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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Re: 08/18/2017 Live Update

Postby Al_Dente » Fri Aug 18, 2017 3:42 pm

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
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Re: 08/18/2017 Live Update

Postby Wallstreetrader » Fri Aug 18, 2017 3:43 pm

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