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08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 9:21 am
by Cobra
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now let's see if bears can make a lower high here therefore declare the rebound was over. I say 50% chances.

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 9:23 am
by Cobra

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 9:35 am
by Trades with cats
Oil- And here we have the uncontrollable random force of nature shutting down the heart of the import, production and refining reigon for a couple of days or several weeks, too soon to tell.
http://www.zerohedge.com/news/2017-08-24/hurrican-harvey-set-wreak-havoc-texas-crude-production-and-refining-capacity

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 9:44 am
by brokebybernacke2
market feels ripe for a decent move..

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 9:48 am
by fehro
SPX takes out 2440ish yLOD -- looking to Tues' 2434-2424 open gap

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 9:49 am
by brokebybernacke2
fehro wrote:SPX takes out 2440ish yLOD (2436) -- looking to Tues' 2434-2424 open gap


careful, vix not confirming slippage ...yet

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 9:52 am
by Al_Dente
Yesterday’s July New Home Sales collapsed down -9.4% MoM vs consensus +0.5%
10 am ET today = Existing Home Sales for July. Consensus is +5.57 million units for July, or up +0.9% MoM

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 9:57 am
by Trades with cats
ES 09-17 (1000 Tick)  8_24_2017.jpg
I was not expecting that. Thought yesterday's VWAP would hold, looking at consolidation forming a base for up. Cobra is of course right, things just may have changed. London/Frankfurt bull move erased in 30 minutes. Escalator up, elevator down.

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 10:01 am
by Cobra

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 10:02 am
by Trades with cats
On twitter the question of the hour, can anyone remember a sell off going into a central banker event? :twisted: :lol:

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 10:04 am
by fehro
brokebybernacke2 wrote:
fehro wrote:SPX takes out 2440ish yLOD (2436) -- looking to Tues' 2434-2424 open gap


careful, vix not confirming slippage ...yet


be very careful here.. key time it goes.. potential 2405 SPX /CL hit hard <20w SMA already <20d/200d/50w

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 10:12 am
by Trades with cats
What ever that was it was world wide. http://finviz.com/futures_charts.ashx?t=INDICES&p=m5
Nice move up on the VIX as well. So far not a good day for all those volatility sellers.

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 10:21 am
by johnnywa
Why are small caps refusing to go down :?:

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 10:48 am
by Trades with cats
johnnywa wrote:Why are small caps refusing to go down :?:

They already did. Weakest major average.Never rallied as far as the large caps last week. Major moves down have only seen 50% retrace while large caps have been at close to 75%. IF market is putting in a bottom (Go Central Bankers !!!) they have the most ground to recover.

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 10:52 am
by brokebybernacke2
Trades with cats wrote:
johnnywa wrote:Why are small caps refusing to go down :?:

They already did. Weakest major average.Never rallied as far as the large caps last week. Major moves down have only seen 50% retrace while large caps have been at close to 75%. IF market is putting in a bottom (Go Central Bankers !!!) they have the most ground to recover.


yep, yellen and draghi determine the next good move...

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 10:55 am
by Trades with cats
ES Yesterday's VWAP (2440) doing a better job as a strong attractor this time. Market barely paused here earlier.

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 11:10 am
by Trades with cats
Weather service saying Harvey is growing fast. Sounding like it is time to get off those Galveston beaches!

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 11:17 am
by Trades with cats
Found the reason for the rocky market today. It is a 200 year anniversary.
Image

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 11:24 am
by brokebybernacke2
higher low sp ? smallies up nearly .5 %...hmmm

Re: 08/24/2017 Live Update

PostPosted: Thu Aug 24, 2017 11:31 am
by Cobra
100% mm then this bear may still have legs, otherwise going nowhere.