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09/28/2017 Live Update

PostPosted: Thu Sep 28, 2017 9:22 am
by Cobra
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the pullback might be bought again but it may not make a new all time high.

Re: 09/28/2017 Live Update

PostPosted: Thu Sep 28, 2017 9:25 am
by Cobra

Re: 09/28/2017 Live Update

PostPosted: Thu Sep 28, 2017 10:02 am
by Cobra

Re: 09/28/2017 Live Update

PostPosted: Thu Sep 28, 2017 10:17 am
by te_fern
TICKs have started the morning headed lower...

Re: 09/28/2017 Live Update

PostPosted: Thu Sep 28, 2017 10:24 am
by Al_Dente
there’s more to the nasdaq than the lousy FANGs and the Q-100
see here:
although the new highs on the NDX (QQQ) are pathetic
the highs on the full nasdaq COMPQ are quite strong
[daily, as of yesterday’s close]

927 highs nas.png.png

A similar point is made here in the McClellan Oscillator on the NDX vs the McClellan on the NAS

927namo.png.png

Re: 09/28/2017 Live Update

PostPosted: Thu Sep 28, 2017 10:30 am
by Al_Dente
"Negative divergences such as these can persist for long periods of time before the trend in the overall market changes and are just one aspect of a scenario that leads to a major downdraft in stocks. "
good LONG TERM breadth charts here
http://www.zerohedge.com/news/2017-09-2 ... et-decline

Re: 09/28/2017 Live Update

PostPosted: Thu Sep 28, 2017 10:34 am
by te_fern
Levered smalls can't seem to get through its VWAP this morning (green line)..

Re: 09/28/2017 Live Update

PostPosted: Thu Sep 28, 2017 10:37 am
by te_fern
Seems the biotechs can't be stopped this morning. Very overbought......

Re: 09/28/2017 Live Update

PostPosted: Thu Sep 28, 2017 10:41 am
by fehro
NDX /COMPQ LOD's key… QQQ SPY 5m .. minor possible bear flags.. gap filling…VIX still green.. bonds weak red, VXX red

Re: 09/28/2017 Live Update

PostPosted: Thu Sep 28, 2017 10:43 am
by Al_Dente
Participation wanes in spy and qqq
Whereas the smalls participation (cyan, SML above 20ma) was strong this whole leg up
(not pictured here: by way of comparison, in the massive post-election ramp the smalls got as high as roughly 94% above the 20ma, vs yesterday’s 87%)

928particip.png.png

Re: 09/28/2017 Live Update

PostPosted: Thu Sep 28, 2017 10:46 am
by Trades with cats
yea, it is from the evil site and yes I have been waiting for this press barrage to get going.
Image

Re: 09/28/2017 Live Update

PostPosted: Thu Sep 28, 2017 10:48 am
by Trades with cats
RTY 12-17 (5 BetterRenko)  9_28_2017.jpg
Small cap futures in Renko format.

Re: 09/28/2017 Live Update

PostPosted: Thu Sep 28, 2017 10:49 am
by fehro
be sooo careful here.. LOD goes on SPY /QQQ SPX .. could see very sharp down… SPX 5m bearish rising wedge.. LOD goes.. target it 2494 .. 13 point drop .. "IF" we stall here and take out LOD
remember EOM, EOQ today tomorrow.. will there be heavy profit taking? not sure..

Re: 09/28/2017 Live Update

PostPosted: Thu Sep 28, 2017 10:50 am
by Wallstreetrader
...

Re: 09/28/2017 Live Update

PostPosted: Thu Sep 28, 2017 10:50 am
by Cobra
double bottom breakout, maybe the low was in.

Re: 09/28/2017 Live Update

PostPosted: Thu Sep 28, 2017 11:06 am
by Al_Dente

Re: 09/28/2017 Live Update

PostPosted: Thu Sep 28, 2017 11:10 am
by Trades with cats
ES 12-17 (1000 Tick)  9_28_2017.jpg

Re: 09/28/2017 Live Update

PostPosted: Thu Sep 28, 2017 11:33 am
by te_fern
Levered smalls showing some life. Took a small nibble....

Re: 09/28/2017 Live Update

PostPosted: Thu Sep 28, 2017 11:39 am
by fehro
TRANsports.. wants that 9900.00 level.. just 5 point away from ATH HOD :roll:

Re: 09/28/2017 Live Update

PostPosted: Thu Sep 28, 2017 11:58 am
by te_fern
Pasta Boss, hows the up-down indicators doing??