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10/17/2017 Live Update

PostPosted: Tue Oct 17, 2017 9:22 am
by Cobra
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rising wedge, near lower boundary so maybe rebound here.

Re: 10/17/2017 Live Update

PostPosted: Tue Oct 17, 2017 9:25 am
by Cobra

Re: 10/17/2017 Live Update

PostPosted: Tue Oct 17, 2017 9:28 am
by fehro
/ES looses wedge 2553ish… measure move - 10.7 points look to 2543 or 20d SMA 2530ish

*SPX open gap 2540-37 Oct 5th

Re: 10/17/2017 Live Update

PostPosted: Tue Oct 17, 2017 9:36 am
by Trades with cats
Danger Will Robinson! Overnight volume was at the holiday level. This market is continuing to dry up.

Re: 10/17/2017 Live Update

PostPosted: Tue Oct 17, 2017 9:44 am
by fehro
INDU 52 points short of that magic number 23000 :roll: TRANS <20d be very careful.. VIX up big, VXX green, VIX expiration tomorrow

Re: 10/17/2017 Live Update

PostPosted: Tue Oct 17, 2017 9:58 am
by Cobra

Re: 10/17/2017 Live Update

PostPosted: Tue Oct 17, 2017 10:00 am
by Cobra
morning hourly hollow red.

Re: 10/17/2017 Live Update

PostPosted: Tue Oct 17, 2017 10:21 am
by fehro
fehro wrote:INDU 52 points short of that magic number 23000 :roll: TRANS <20d be very careful.. VIX up big, VXX green, VIX expiration tomorrow


quietly move slowly towards the exits.. :roll: don't let the door hit you on the way out. :roll: :lol: :lol: VIX holding up bonds moving up dollar strong.. be VERY careful

Re: 10/17/2017 Live Update

PostPosted: Tue Oct 17, 2017 10:43 am
by Trades with cats
Good by higher oil. Kurdistan has cut a border deal with Iraq.

Re: 10/17/2017 Live Update

PostPosted: Tue Oct 17, 2017 10:51 am
by Al_Dente
The strongest of the Bullish Percents here are noted by the pink boxes at the far right

1017bp.png

Re: 10/17/2017 Live Update

PostPosted: Tue Oct 17, 2017 10:56 am
by Al_Dente
Big tech, year-to-date, percentage change
(NFLX is in brown)
1017big tech.png.png

Re: 10/17/2017 Live Update

PostPosted: Tue Oct 17, 2017 11:08 am
by fehro
fehro wrote:
fehro wrote:INDU 52 points short of that magic number 23000 :roll: TRANS <20d be very careful.. VIX up big, VXX green, VIX expiration tomorrow


quietly move slowly towards the exits.. :roll: don't let the door hit you on the way out. :roll: :lol: :lol: VIX holding up bonds moving up dollar strong.. be VERY careful


INDU just 5 points short of 23000 .. they want it… AAPL doing all the heavy lifting.. oil tanks.. racing to 20d 50.94 .. plays catch up to dollars up move

Re: 10/17/2017 Live Update

PostPosted: Tue Oct 17, 2017 11:08 am
by ccash04
Almost 11:30, where selling becomes illegal and buying should continue

Re: 10/17/2017 Live Update

PostPosted: Tue Oct 17, 2017 11:15 am
by Trades with cats
ES 12-17 (1000 Tick)  10_17_2017.jpg


This is just a little ridiculous as I count 6 tries in the last 18 hours. Don't know what is wrong with those traders in the Marriner Eccles building. :D

Re: 10/17/2017 Live Update

PostPosted: Tue Oct 17, 2017 11:16 am
by fehro
fehro wrote:
fehro wrote:
fehro wrote:INDU 52 points short of that magic number 23000 :roll: TRANS <20d be very careful.. VIX up big, VXX green, VIX expiration tomorrow


quietly move slowly towards the exits.. :roll: don't let the door hit you on the way out. :roll: :lol: :lol: VIX holding up bonds moving up dollar strong.. be VERY careful


INDU just 5 points short of 23000 .. they want it… AAPL doing all the heavy lifting.. oil tanks.. racing to 20d 50.94 .. plays catch up to dollars up move


mission accomplished INDU 23002.20

Re: 10/17/2017 Live Update

PostPosted: Tue Oct 17, 2017 11:17 am
by Trades with cats
RTY 12-17 (200 Tick)  10_17_2017.jpg
Small Caps doing their thing.

edit THIS IS NOT A RENKO, IT JUST LOOKS LIKE IT.

Re: 10/17/2017 Live Update

PostPosted: Tue Oct 17, 2017 11:30 am
by fehro
dabble short here SPX 2557.25 VIXes and bonds still green

Re: 10/17/2017 Live Update

PostPosted: Tue Oct 17, 2017 12:13 pm
by Cobra

Re: 10/17/2017 Live Update

PostPosted: Tue Oct 17, 2017 12:21 pm
by Al_Dente
Tomorrow is the 30th anniversary of the 1987 crash, so there are a rash of articles on the net about it.
Our favorite perma-bear, “Black-Swan”, Nassim Nicholas Taleb says he made “tens of millions of dollars” on that day.
“…everybody had lost money except for me and one other fellow…” :lol: :o
http://www.zerohedge.com/news/2017-10-1 ... rs-crashed

Using only TA, this guy posits that market participants panicked on Friday, October 16 when the index fell more than 5% below its 200-day moving average, in a single day. “The move was perceived as too violent and there was a stampede to get out the following Monday [October 19]…”
“These events can happen at any time if there is sufficient panic”
http://www.priceactionlab.com/Blog/2017 ... ket-crash/

Here’s what it looked like [chart below]:
Doesn’t look so bad, but in reality, it was a living hell.
(Note that our trusty 5/10/20 MA cross – developed by the MACD creator, Gerald Appel, in the late 1970s - gave a sell signal a few days before the crash)

Here’s another article:
http://www.zerohedge.com/news/2017-10-1 ... was-monday

1987 SAVE.png.png

Re: 10/17/2017 Live Update

PostPosted: Tue Oct 17, 2017 12:39 pm
by Trades with cats
Pasta Boss- Thanks for the updates. While it won't be an exact repeat it is clear that retail is all on the same side of the boat while the institutions are sitting in the life boats. Unfortunately those who see things in a negative light have all been wrong for quite some time so they are ignored. The shills who are always positive clearly have the wind in their sails for now.