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10/12/2017 Live Update

PostPosted: Thu Oct 12, 2017 9:20 am
by Cobra
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still more likely the pullback will be bought.

Re: 10/12/2017 Live Update

PostPosted: Thu Oct 12, 2017 9:24 am
by Cobra

Re: 10/12/2017 Live Update

PostPosted: Thu Oct 12, 2017 9:40 am
by Cobra
looks like another boring range day.

Re: 10/12/2017 Live Update

PostPosted: Thu Oct 12, 2017 10:09 am
by Cobra

Re: 10/12/2017 Live Update

PostPosted: Thu Oct 12, 2017 10:10 am
by Wallstreetrader
:ugeek:

Re: 10/12/2017 Live Update

PostPosted: Thu Oct 12, 2017 10:30 am
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.

Re: 10/12/2017 Live Update

PostPosted: Thu Oct 12, 2017 10:33 am
by fehro
TRIN very elevated >2 .. be careful

Re: 10/12/2017 Live Update

PostPosted: Thu Oct 12, 2017 10:39 am
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.

Re: 10/12/2017 Live Update

PostPosted: Thu Oct 12, 2017 11:34 am
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..

Re: 10/12/2017 Live Update

PostPosted: Thu Oct 12, 2017 11:38 am
by fehro
nATH, several indexes + TRANsports >10000 VIX green

Re: 10/12/2017 Live Update

PostPosted: Thu Oct 12, 2017 11:43 am
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..

Re: 10/12/2017 Live Update

PostPosted: Thu Oct 12, 2017 12:02 pm
by Cobra

Re: 10/12/2017 Live Update

PostPosted: Thu Oct 12, 2017 12:03 pm
by Cobra
this bull shall have small legs at least.

Re: 10/12/2017 Live Update

PostPosted: Thu Oct 12, 2017 1:30 pm
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).

Re: 10/12/2017 Live Update

PostPosted: Thu Oct 12, 2017 1:38 pm
by fehro
VIX long term.. fwiw

Re: 10/12/2017 Live Update

PostPosted: Thu Oct 12, 2017 1:51 pm
by Al_Dente
WH
Kelly
NOW

Re: 10/12/2017 Live Update

PostPosted: Thu Oct 12, 2017 2:49 pm
by Cobra
double top? I won't count on though.

Re: 10/12/2017 Live Update

PostPosted: Thu Oct 12, 2017 2:51 pm
by Cobra
ok, double top indeed.

Re: 10/12/2017 Live Update

PostPosted: Thu Oct 12, 2017 3:04 pm
by Al_Dente
HAPPY HOUR
Image

Re: 10/12/2017 Live Update

PostPosted: Thu Oct 12, 2017 3:20 pm
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