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10/11/2017 Live Update

PostPosted: Wed Oct 11, 2017 9:22 am
by Cobra
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consolidation, bias is up.

Re: 10/11/2017 Live Update

PostPosted: Wed Oct 11, 2017 9:25 am
by Cobra

Re: 10/11/2017 Live Update

PostPosted: Wed Oct 11, 2017 9:44 am
by Cobra
so far looks like a boring range day.

Re: 10/11/2017 Live Update

PostPosted: Wed Oct 11, 2017 10:01 am
by Daniel
Mixed sectors: EWG, EEM 52week high; FXI, SMH, IYR hod

XLB, XLI, XRT, XHB, XLE, XOP lod

Re: 10/11/2017 Live Update

PostPosted: Wed Oct 11, 2017 10:07 am
by Cobra

Re: 10/11/2017 Live Update

PostPosted: Wed Oct 11, 2017 10:08 am
by fehro
FOMC 2:00pm ET :roll: sideway chop and slop Bonds/Vixes green… with indexes.. some one is lying.. :roll:

Re: 10/11/2017 Live Update

PostPosted: Wed Oct 11, 2017 10:10 am
by Daniel
SMH, at its intraday high, was less than a nickel from a fresh 52week high.

Very hard to be structurally bearish with the semis pushing regularly to new major highs.

Re: 10/11/2017 Live Update

PostPosted: Wed Oct 11, 2017 10:11 am
by Daniel
Nice recovery in QQQ--now suddenly at its HOD

update: IWM, ITB now suddenly at LOD... as SPY/SPX struggles to break into the green.
Still a mixed picture from the various sectors.

--and now UUP hod. GLD lod.

Re: 10/11/2017 Live Update

PostPosted: Wed Oct 11, 2017 11:18 am
by Cobra
if channel then should pullback here.

Re: 10/11/2017 Live Update

PostPosted: Wed Oct 11, 2017 12:06 pm
by Cobra

Re: 10/11/2017 Live Update

PostPosted: Wed Oct 11, 2017 12:36 pm
by Cobra
testing channel upper boundary.

Re: 10/11/2017 Live Update

PostPosted: Wed Oct 11, 2017 3:53 pm
by Cobra

Re: 10/11/2017 Live Update

PostPosted: Wed Oct 11, 2017 3:55 pm
by Cobra
well, guess that's it for today. Thursday tomorrow has been generally bear friendly. it's the only weekday that bears may still have some chances. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

Re: 10/11/2017 Live Update

PostPosted: Wed Oct 11, 2017 4:10 pm
by Daniel
Cobra wrote:so far looks like a boring range day.

Actually it turned out to be a boring uptrend day (from the early low). Steady tiny gain.

The ATRs on the major indexes have shrunk to flat squiggles. Algos are speculating over nickels and dimes.

This too shall pass, and volatility and range will return. Meanwhile, correction thru rotation rather than Risk Off is still the order of the day.

:|

Re: 10/11/2017 Live Update

PostPosted: Wed Oct 11, 2017 5:05 pm
by Cobra
Daniel wrote:
Cobra wrote:so far looks like a boring range day.

Actually it turned out to be a boring uptrend day (from the early low). Steady tiny gain.

The ATRs on the major indexes have shrunk to flat squiggles. Algos are speculating over nickels and dimes.

This too shall pass, and volatility and range will return. Meanwhile, correction thru rotation rather than Risk Off is still the order of the day.

:|


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