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10/02/2017 Live Update

PostPosted: Mon Oct 02, 2017 9:21 am
by Cobra
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the pullback should be bought.

Re: 10/02/2017 Live Update

PostPosted: Mon Oct 02, 2017 9:25 am
by Cobra

Re: 10/02/2017 Live Update

PostPosted: Mon Oct 02, 2017 9:33 am
by fehro
wholly VIX over Fri's HOD, green, with Bonds testing FRi's HOD green. VXX undercut's Fri's LOD :roll: :lol:

Re: 10/02/2017 Live Update

PostPosted: Mon Oct 02, 2017 9:54 am
by fehro
TRANsports not happy.. careful of a wicked reversal today on the indexes..

Re: 10/02/2017 Live Update

PostPosted: Mon Oct 02, 2017 9:58 am
by fehro
SPX INDU COMPQ and RUT all nATH RUTpushing for 1500.00

Re: 10/02/2017 Live Update

PostPosted: Mon Oct 02, 2017 10:03 am
by Cobra

Re: 10/02/2017 Live Update

PostPosted: Mon Oct 02, 2017 10:04 am
by Trades with cats
ES just short of the Asian session high. Momentum is slipping, we will see where this consolidation leads to.

Re: 10/02/2017 Live Update

PostPosted: Mon Oct 02, 2017 10:08 am
by Cobra
wow, so far looks like another uptrend day.

Re: 10/02/2017 Live Update

PostPosted: Mon Oct 02, 2017 10:14 am
by Trades with cats
Tagged the Asian high and dropped back. Is there a third push left in the tank or are we looking for a head and shoulders at a double top. (OK one tick higher than Asian high, but close enough in my book)

Re: 10/02/2017 Live Update

PostPosted: Mon Oct 02, 2017 10:22 am
by Trades with cats
Yea, that third push finally got us into clean space on the chart. :)

Re: 10/02/2017 Live Update

PostPosted: Mon Oct 02, 2017 10:22 am
by brokebybernacke2
unicorns abound, enter short 2527.12

Re: 10/02/2017 Live Update

PostPosted: Mon Oct 02, 2017 10:35 am
by Al_Dente
Why is SMH (SOXL, SOXS) always so volatile?
The fact that it is the #1 most heavily shorted ETF makes it quite “squeezable”
https://www.etfchannel.com/type/most-shorted-etfs/
[add: XBI is number five (LABU and LABD are 3x XBI]

102 SAVE etf shorts.png.png

Re: 10/02/2017 Live Update

PostPosted: Mon Oct 02, 2017 10:39 am
by Al_Dente
FEAR AND GREED
http://money.cnn.com/data/fear-and-greed/
“…the persistent uptrend pushed the CNN Fear & Greed index over 90 on Friday. Using the backtest engine from Sentimentrader, prior instances in the past 5 years have preceded a lower close in SPX within the next month 91% of the time and within six weeks 100% of the time [Urban Camel, Fat Pitch]

102fear greed.png.png

Re: 10/02/2017 Live Update

PostPosted: Mon Oct 02, 2017 10:43 am
by fehro
Adv/dec .. diverging still spikes in Put/calls

Re: 10/02/2017 Live Update

PostPosted: Mon Oct 02, 2017 10:44 am
by Al_Dente
Another indicator near extreme, medium term, NOT INTRADAY
[price up, yield down]
When the yield on the $SPX gets to the 1.85% area, there is usually a pullback in the $SPX
Bottom panel:
We’re near there; we’re in the zone [as of Friday’s close, EOD]

102yield spx.png.png

Re: 10/02/2017 Live Update

PostPosted: Mon Oct 02, 2017 10:46 am
by Cobra
the pullback will be bought.

Re: 10/02/2017 Live Update

PostPosted: Mon Oct 02, 2017 11:00 am
by Trades with cats
There was very little volume on the first phase of the push up this morning. If the current swing low at ES 2522 goes then we could be back at Fridays high in short order. That certainly happened overnight when both highs failed.

My problem is I do think we are going to have distribution to the 401K forced buyers and I just don't see how the up trend can continue until that happens and the big specs have squared their books. Of course I am probably wrong, but that is what I think.

Re: 10/02/2017 Live Update

PostPosted: Mon Oct 02, 2017 11:22 am
by Trades with cats
At ES R1 pivot (2521.50). It offered support this morning after the first wave up but is clearly meaningless on the way down. :o

Re: 10/02/2017 Live Update

PostPosted: Mon Oct 02, 2017 11:49 am
by Trades with cats
I am wrong, apparently market is going to fill in the empty places in today's volume profile. ES stopped dropping right at the lower edge of the value area (70% zone) but failed to get above the point of control at ES 2522.50.

Re: 10/02/2017 Live Update

PostPosted: Mon Oct 02, 2017 11:56 am
by Cobra