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Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 2:18 pm
by Al_Dente
GDX approaches double top
60 min
824gdx dt.png.png

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 2:39 pm
by Al_Dente
Amazon announced moments ago … it will cut prices at Whole Foods once the deal closes (Monday).
[edit: WMT hates that]

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 2:44 pm
by Al_Dente
WMT is the worst performer in the dow INTRADAY
Hit hard in the OEX are, in order of worst red INTRADAY:
COST
TGT
CVS
MDLZ
WMT
WBA

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 2:58 pm
by Al_Dente
WH presser: the Huckabee kid
live now
https://www.youtube.com/watch?v=t24dPnYOw8s

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 3:00 pm
by Al_Dente
HAPPY HOUR
darth and obi.png.png

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 3:14 pm
by Daniel
Fehro has drawn my attention to the ongoing Transports carnage. I'm noting IYT at a fresh multi-month low today.
:|

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 3:15 pm
by fehro
/CL weak <20w50w/200d/20d… 50d SMA just a buck lower… daily bear flag.. weekly candle ugly.. 50d SMA 46.72 look to 43.50, then 42.00, themn 39.45

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 3:16 pm
by Daniel
However, IYT is also now sufficiently stretched from its 50day that by many metrics it is oversold...

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 3:19 pm
by fehro
Daniel wrote:Fehro has drawn my attention to the ongoing Transports carnage. I'm noting IYT at a fresh multi-month low today.
:|


50w SMA near TRANSports LOD… yup ugly .. weekly

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 3:24 pm
by Daniel
GLD, SLV, PALL all down on the day, yet their miners (ETFs like gdx, gdxj, sil, remx) are all solidly up today. Hmm.

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 3:25 pm
by brokebybernacke2
Daniel wrote:Fehro has drawn my attention to the ongoing Transports carnage. I'm noting IYT at a fresh multi-month low today.
:|


not pretty but not really in jeopardy, just yet..8500 level scarier.

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 3:31 pm
by fehro

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 3:34 pm
by Al_Dente
"Amazon Prime members will get special discounts at Whole Foods"

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 3:41 pm
by Cobra

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 3:42 pm
by Daniel
brokebybernacke2 wrote:
Daniel wrote:Fehro has drawn my attention to the ongoing Transports carnage. I'm noting IYT at a fresh multi-month low today.
:|

not pretty but not really in jeopardy, just yet..8500 level scarier.

Any multi-day closes below the 200day MA is scary, imo.
That said, the 200day is strongly upslope, and this is probably a better buy spot than sell spot, in the swing timeframe. :?:

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 3:44 pm
by Cobra
well, guess that's it for today. Friday tomorrow has been generally bull friendly. 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: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 4:01 pm
by fehro
Daniel wrote:
brokebybernacke2 wrote:
Daniel wrote:Fehro has drawn my attention to the ongoing Transports carnage. I'm noting IYT at a fresh multi-month low today.
:|

not pretty but not really in jeopardy, just yet..8500 level scarier.

Any multi-day closes below the 200day MA is scary, imo.
That said, the 200day is strongly upslope, and this is probably a better buy spot than sell spot, in the swing timeframe. :?:


And now a close < 50w SMA :roll:

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 4:34 pm
by brokebybernacke2
fehro wrote:
Daniel wrote:
brokebybernacke2 wrote:
Daniel wrote:Fehro has drawn my attention to the ongoing Transports carnage. I'm noting IYT at a fresh multi-month low today.
:|

not pretty but not really in jeopardy, just yet..8500 level scarier.

Any multi-day closes below the 200day MA is scary, imo.
That said, the 200day is strongly upslope, and this is probably a better buy spot than sell spot, in the swing timeframe. :?:


And now a close < 50w SMA :roll:


yes, not pretty , but still some play i think, IYT imp level>>>