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Re: 08/30/2017 Live Update

PostPosted: Wed Aug 30, 2017 1:45 pm
by te_fern
Will it make it to resistance pivot 2 at 2462?

Re: 08/30/2017 Live Update

PostPosted: Wed Aug 30, 2017 1:49 pm
by fehro
Monthly candles close tomorrow… spinning tops.. SPY QQQ DIA… IWM not pretty.. one day to go… mind the DXY USdollar.. on support on 50month SMA.. careful on your gold… /GC closes at 1290 or lower.. look for shooting star gold monthly

Re: 08/30/2017 Live Update

PostPosted: Wed Aug 30, 2017 1:50 pm
by fehro
DXY daily 30m .. possible sharp bounce coming in the dollar.. mind 20d 93.21 downtrend.. then 50d 94.38.. gold could tank hard.. if DXY breaks out

Re: 08/30/2017 Live Update

PostPosted: Wed Aug 30, 2017 1:59 pm
by QED
Trades with cats wrote:"... a bunch of people going long CL and short RBOB and getting handed their heads."

Those traders that were short RBOB last week either had never been to Houston, did not have any idea where it is, or had never looked at a pipeline map. :roll:

Re: 08/30/2017 Live Update

PostPosted: Wed Aug 30, 2017 2:05 pm
by Trades with cats
Exactly, shorting RBOB at this point says I looked at the chart and I thought it was not going to hold at January highs. Just goes to show that short term price isn't everything, you have to be aware of what goes on in the world!

Re: 08/30/2017 Live Update

PostPosted: Wed Aug 30, 2017 2:07 pm
by Trades with cats
On gasoline, with a stroke of the pen admin can suspend summer blend rules and open the flood gates for imports. They did it before.

Re: 08/30/2017 Live Update

PostPosted: Wed Aug 30, 2017 2:37 pm
by Wallstreetrader
...

Re: 08/30/2017 Live Update

PostPosted: Wed Aug 30, 2017 2:47 pm
by QED
Oops … it must be that new math!

"Best Buy says $42.96 bottled water near Houston was a big mistake."
https://www.usatoday.com/story/money/20 ... 616110001/

Re: 08/30/2017 Live Update

PostPosted: Wed Aug 30, 2017 3:01 pm
by Al_Dente
HAPPY HOUR
Image

Re: 08/30/2017 Live Update

PostPosted: Wed Aug 30, 2017 3:02 pm
by Daniel
Naz advancers are very strong, but off the HOD. NYSE advancers are respectable--and right near the HOD.

Up down vol on Naz favors bulls 2/1; on NYSE more like 3/2.

Re: 08/30/2017 Live Update

PostPosted: Wed Aug 30, 2017 3:06 pm
by brokebybernacke2
Daniel wrote:Naz advancers are very strong, but off the HOD. NYSE advancers are respectable--and right near the HOD.

Up down vol on Naz favors bulls 2/1; on NYSE more like 3/2.


bulls winning ..again! ....possible big day up tomorrow if we hold round these levels...

Re: 08/30/2017 Live Update

PostPosted: Wed Aug 30, 2017 3:20 pm
by Al_Dente
so this is why biotech, pharma has been so strong
are you faulking kidding me, 475k :o
http://www.zerohedge.com/news/2017-08-3 ... hs-surging

Re: 08/30/2017 Live Update

PostPosted: Wed Aug 30, 2017 3:21 pm
by Trades with cats
irma path forcast.jpg
Irma, for 6 days from now. Currently on the other side of the Atlantic. Harvey got stuck because of that unusually cool weather over the east. Apparently it is still there. So this potential path is similar to Ike. From Joe Bastardi's twitter posts (formerly with Weather Underground, now does private for profit forecasting)

It's just a forecast, but something to be very aware of. Enough said.

Re: 08/30/2017 Live Update

PostPosted: Wed Aug 30, 2017 3:25 pm
by Cobra
good bull bar, maybe the pullback would be bought again.

Re: 08/30/2017 Live Update

PostPosted: Wed Aug 30, 2017 3:28 pm
by Trades with cats
Note the British health service said they would save money if it was priced at 700,000. Welcome to the new world of medicine. By the way we will be seeing tons of this stuff coming down the pike. The tools to figure this out are getting better at an amazing rate. I have a son-in-law who does tools, Phd in Biology, hasn't touched anything but a keyboard in years, spends all his time writing C++ code creating tools looking for statistical correlations in enormous DNA databases.

Re: 08/30/2017 Live Update

PostPosted: Wed Aug 30, 2017 3:29 pm
by Cobra

Re: 08/30/2017 Live Update

PostPosted: Wed Aug 30, 2017 3:38 pm
by QED
Trades with cats wrote:It's just a forecast, but something to be very aware of. Enough said.

RBOB has not been this high since 2015 ... must be a good time to short it! :P

Re: 08/30/2017 Live Update

PostPosted: Wed Aug 30, 2017 3:41 pm
by Trades with cats
ES 09-17 (1000 Tick)  8_30_2017b.jpg

Looking like the ADR, the rasberry line on the chart, worked today.

Re: 08/30/2017 Live Update

PostPosted: Wed Aug 30, 2017 3:47 pm
by Trades with cats
That would be the 20 day simple moving average of the regular trading hours daily range. So we moved up that far from the open.

Re: 08/30/2017 Live Update

PostPosted: Wed Aug 30, 2017 3:51 pm
by Cobra