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10/12/2017 Live Update

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Cobra
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10/12/2017 Live Update

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still more likely the pullback will be bought.
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Re: 10/12/2017 Live Update

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Re: 10/12/2017 Live Update

Post by Cobra »

looks like another boring range day.
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Re: 10/12/2017 Live Update

Post by Cobra »


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Re: 10/12/2017 Live Update

Post by Wallstreetrader »

:ugeek:
Last edited by Wallstreetrader on Thu Oct 12, 2017 11:07 am, edited 4 times in total.
Daniel
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Re: 10/12/2017 Live Update

Post by Daniel »

Breadth and up/down volume have been steadily improving all morning-- esp. on the Nasdaq.

Quick gap fill on IWM, after an equally quick (and brief) false breakout of a multiday support level.
fehro
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Re: 10/12/2017 Live Update

Post by fehro »

TRIN very elevated >2 .. be careful
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Re: 10/12/2017 Live Update

Post by Daniel »

Sector gains and losses are muted so far, as is typical on a boring range day, but energy is the leading weak dog, with Lat.Am and Banks/Fin getting honorable mention weakness.

Strong dogs (from yest close) would include Utes, XLI and IYT.
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Re: 10/12/2017 Live Update

Post by brokebybernacke2 »

fehro wrote:TRIN very elevated >2 .. be careful
well overdue to go down, just doesnt feel like we are gonna have a big sudden jerk down, they have been rotating in and out of indexes nicely, smallies down, daq up, etc... these tops are molasses..many technicals, super high skew, sentiment, top bolly, calling for a retreat for some time now...can go broke timing the when..
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Re: 10/12/2017 Live Update

Post by fehro »

nATH, several indexes + TRANsports >10000 VIX green
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fehro
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Re: 10/12/2017 Live Update

Post by fehro »

brokebybernacke2 wrote:
fehro wrote:TRIN very elevated >2 .. be careful
well overdue to go down, just doesnt feel like we are gonna have a big sudden jerk down, they have been rotating in and out of indexes nicely, smallies down, daq up, etc... these tops are molasses..many technicals, super high skew, sentiment, top bolly, calling for a retreat for some time now...can go broke timing the when..
yup .. VIX expires next Wed.. OEW next week.. and rally from the election lows.. nears 1 year..
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Re: 10/12/2017 Live Update

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Re: 10/12/2017 Live Update

Post by Cobra »

this bull shall have small legs at least.
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Re: 10/12/2017 Live Update

Post by Cobra »

pullback was bought as expected (this bull shall have legs), now it's 3rd test of the high so breakout is more likely (than just 2 test).
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Re: 10/12/2017 Live Update

Post by fehro »

VIX long term.. fwiw
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Re: 10/12/2017 Live Update

Post by Al_Dente »

WH
Kelly
NOW
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Cobra
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Re: 10/12/2017 Live Update

Post by Cobra »

double top? I won't count on though.
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Re: 10/12/2017 Live Update

Post by Cobra »

ok, double top indeed.
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Re: 10/12/2017 Live Update

Post by Al_Dente »

HAPPY HOUR
Image
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Re: 10/12/2017 Live Update

Post by Trades with cats »

I spent a week away and nothing has really changed! Yesterday's volume was pathetic, I saw a figure of 60% of normal and today reinforced that yesterday's high is not a fair or solid number with such weak action. So I think a test of the week's lows should be possible. We started on that overnight but the 10ish AM eastern mystery buyer came into the market as they have with clock like regularity. I am thinking of renting Groundhog Day tonight to see if I can get some insights on this market. :D
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