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Re: 09/08/2017 Live Update

PostPosted: Fri Sep 08, 2017 12:03 pm
by Cobra
should be another push up before bears can have chances.

Re: 09/08/2017 Live Update

PostPosted: Fri Sep 08, 2017 12:06 pm
by Cobra

Re: 09/08/2017 Live Update

PostPosted: Fri Sep 08, 2017 12:17 pm
by Trades with cats
Another zipper at a full point above yesterday's low. In the meantime the small caps are rambunctious today following their straight up streak with a zipper connecting to a quick drop that has paused at yesterday's close/VWAP. They are still 5 points above yesterday's low so we will see if they catch down to the ES.

Re: 09/08/2017 Live Update

PostPosted: Fri Sep 08, 2017 12:37 pm
by Cobra
the "another push up" as expected.

Re: 09/08/2017 Live Update

PostPosted: Fri Sep 08, 2017 12:40 pm
by q2model
Cobra wrote:the "another push up" as expected.


Expecting three push up pattern?
Thanks

Re: 09/08/2017 Live Update

PostPosted: Fri Sep 08, 2017 1:19 pm
by fehro
fehro wrote:/CL stalled at 50w SMA near HOW, 49.35 but could not tag 200d 49.58… 60m /CL H&S .. broke down.. mind the 20d/50d/20w just under us 47.60/.52/.35 look for a tag/support if $48.00 goes… weekly /CL candle not pretty..


almost at 20d just dime lower :roll:

Re: 09/08/2017 Live Update

PostPosted: Fri Sep 08, 2017 1:33 pm
by brokebybernacke2
bull premise, with these storms, no way in heck they gonna raise rates near term..dollar will continue to slide, one ugly chart...

Re: 09/08/2017 Live Update

PostPosted: Fri Sep 08, 2017 1:38 pm
by Trades with cats
Small Caps bounced on yesterday's close/VWAP the first time, watching for a repeat.

Re: 09/08/2017 Live Update

PostPosted: Fri Sep 08, 2017 1:39 pm
by fehro
brokebybernacke2 wrote:bull premise, with these storms, no way in heck they gonna raise rates near term..dollar will continue to slide, one ugly chart...


yeah not so sure.. looking for a major $USDollar rally soon. this level, slightly lower holds.. and reverses look to $115-120.. I know crazy man talk :roll:

Re: 09/08/2017 Live Update

PostPosted: Fri Sep 08, 2017 1:52 pm
by Cobra
exceeds the tinted area then we talk about bears otherwise just a range action.

Re: 09/08/2017 Live Update

PostPosted: Fri Sep 08, 2017 1:53 pm
by Junior Buffett
fehro wrote:
brokebybernacke2 wrote:bull premise, with these storms, no way in heck they gonna raise rates near term..dollar will continue to slide, one ugly chart...


yeah not so sure.. looking for a major $USDollar rally soon. this level, slightly lower holds.. and reverses look to $115-120.. I know crazy man talk :roll:


Not really, North Korea can fulfill that target overnight!

Re: 09/08/2017 Live Update

PostPosted: Fri Sep 08, 2017 1:59 pm
by fehro
Junior Buffett wrote:
fehro wrote:
brokebybernacke2 wrote:bull premise, with these storms, no way in heck they gonna raise rates near term..dollar will continue to slide, one ugly chart...


yeah not so sure.. looking for a major $USDollar rally soon. this level, slightly lower holds.. and reverses look to $115-120.. I know crazy man talk :roll:


Not really, North Korea can fulfill that target overnight!

Contrarian view "IF" that was to happen, Yen will tank so hard, the USD will explode up.. and hammer gold… to the shock of all .. imo.

Re: 09/08/2017 Live Update

PostPosted: Fri Sep 08, 2017 1:59 pm
by fehro
Junior Buffett wrote:
fehro wrote:
brokebybernacke2 wrote:bull premise, with these storms, no way in heck they gonna raise rates near term..dollar will continue to slide, one ugly chart...


yeah not so sure.. looking for a major $USDollar rally soon. this level, slightly lower holds.. and reverses look to $115-120.. I know crazy man talk :roll:


Not really, North Korea can fulfill that target overnight!

Contrarian view "IF" that was to happen, Yen will tank so hard, the USD will explode up.. and hammer gold… to the shock of all .. imo.

Re: 09/08/2017 Live Update

PostPosted: Fri Sep 08, 2017 2:02 pm
by Junior Buffett
Not really, North Korea can fulfill that target overnight![/quote]
Contrarian view "IF" that was to happen, Yen will tank so hard, the USD will explode up.. and hammer gold… to the shock of all .. imo.[/quote]

Fehro,

Are you playing Crypto currencies? War can take this bubble to sky...Bitcoin to 10k... :twisted:

Re: 09/08/2017 Live Update

PostPosted: Fri Sep 08, 2017 2:07 pm
by fehro
Junior Buffett wrote:Not really, North Korea can fulfill that target overnight!

Contrarian view "IF" that was to happen, Yen will tank so hard, the USD will explode up.. and hammer gold… to the shock of all .. imo.[/quote]

Fehro,

Are you playing Crypto currencies? War can take this bubble to sky...Bitcoin to 10k... :twisted:[/quote]

not so sure on the BITcoin 10K call… bubble territory.. possible here.. H&S daily, China, Russia news.. moving to make crypto accounts illegal… take the Trillions of dollars in BTC where is it going to move? USDollar, another reason for even a steeper climb…. gold will get destroyed… all crazy talk.. :roll: :lol:

Re: 09/08/2017 Live Update

PostPosted: Fri Sep 08, 2017 2:30 pm
by fehro
fehro wrote:AAPL not helping.. <20dSMA 160.64


come to papa 158.00 open gap.. :roll:

Re: 09/08/2017 Live Update

PostPosted: Fri Sep 08, 2017 2:44 pm
by Daniel
In analyzing SPY on a daily timeframe, note how most indicators of cumulative volatility and fluctuation are showing the same overall flatness and sideways-ness as price.

But ATR, interestingly, across multiple timeframes (5day, 8day, StockCharts default 14day) is not at a low level.

This indicates that there have been multiple wide-range days, intermixed with very low-flux days like today.

We are currently forming a third inside day on SPY, so a possible conclusion to this thesis might be a really dramatic move, re-establishing trend, which comes all at once or over two days, rather than grindingly.

This would bring ADX and ROC and such, which are reading at multimonth lows, more in line with ATR which is reading more mid-range.

(edit: Note, ROC is not at an absolute LOW, what I meant is that it is hugging the Zero line, low in the sense of being flat.)

Re: 09/08/2017 Live Update

PostPosted: Fri Sep 08, 2017 3:02 pm
by Daniel
Intraday, am noting that while NYSE A/D has improved thru the day and is less bearish, up/down vol is still moderately bearish, with no improvement from earlier readings.

Re: 09/08/2017 Live Update

PostPosted: Fri Sep 08, 2017 3:17 pm
by Trades with cats
3rd time bouncing on yesterday's low.

Re: 09/08/2017 Live Update

PostPosted: Fri Sep 08, 2017 3:20 pm
by Daniel
Today's leading sectors are homebuilders and financials. The latter has been pulled up by strong perf from its Insurance sub-sector.

KIE, the ins etf, has been up as much as 3% today! But, how many traders will want to be holding these gains over the coming weekend..? Am therefore watching KIE closely in the final hour... as well as the broad financial ETFs.