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Re: 10/25/2017 Live Update

PostPosted: Wed Oct 25, 2017 11:21 am
by Shaishen
On fintwit some machine learning algo coder said he ignores H&S pattern advocates .. go figure.

Everybody sees the same pattern and everybody thinks everybody else sees it so it's not going to work, it will work

ES 2550 Mpov on my chart, also 2046 to 2050 is Oct consolidation zone so bounce or spike down and bounce possible

Dropping below 2045 would make it interesting as at this point dip opportunists might get scared out.

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Re: 10/25/2017 Live Update

PostPosted: Wed Oct 25, 2017 11:29 am
by fehro
fehro wrote:Indexes calm - ish.. VIX is not. :lol: :roll:


and those 20d fall like dominos :roll:

Re: 10/25/2017 Live Update

PostPosted: Wed Oct 25, 2017 11:43 am
by Al_Dente
AD (DA)
1025ad.png.png

Re: 10/25/2017 Live Update

PostPosted: Wed Oct 25, 2017 11:47 am
by fehro

Re: 10/25/2017 Live Update

PostPosted: Wed Oct 25, 2017 12:02 pm
by Cobra

Re: 10/25/2017 Live Update

PostPosted: Wed Oct 25, 2017 12:07 pm
by Trades with cats
^DECL (2 Min) _ ^ADV (2 Min) _ ^TICK (2 Min)  10_25_2017.jpg
2 minute internals for NY

I am not smart enough with my package to do the ratios but just raw scores are pretty compelling.
I have been sleeping with a C++ book next to my bed for over a year and it hasn't transferred, I guess I am going to have to read it. :(

Re: 10/25/2017 Live Update

PostPosted: Wed Oct 25, 2017 12:14 pm
by Al_Dente
Market hates tinkering with our 401k contributions when they suggest much less $xxx, via caps or reductions
(at the moment they are just floating ideas, and leaking....)

Re: 10/25/2017 Live Update

PostPosted: Wed Oct 25, 2017 12:16 pm
by brokebybernacke2
These Republican senators leaving rank really putting the tax reform agenda chances at great risk of failure. they lose anymore and imo, chances slim to none of anything flying = market hopium big risk to pop...
we fall out of this mini megaphone, will see the 50 ma soon...

Re: 10/25/2017 Live Update

PostPosted: Wed Oct 25, 2017 12:19 pm
by Al_Dente
SPY purple
XLF financials, green
$TNX 10yr treasury yield, dashed gray
60 min
1025banks.png.png

Re: 10/25/2017 Live Update

PostPosted: Wed Oct 25, 2017 12:23 pm
by brokebybernacke2
brokebybernacke2 wrote:These Republican senators leaving rank really putting the tax reform agenda chances at great risk of failure. they lose anymore and imo, chances slim to none of anything flying = market hopium big risk to pop...
we fall out of this mini megaphone, will see the 50 ma soon...


and away we go...

Re: 10/25/2017 Live Update

PostPosted: Wed Oct 25, 2017 12:25 pm
by Cobra
this bear may still have legs.

Re: 10/25/2017 Live Update

PostPosted: Wed Oct 25, 2017 12:31 pm
by Trades with cats
B of A Merrill last week was showing continuing distribution to the retail. I don't think they want to be lemmings or bag holders but they sure are trying to live up to that stereotype!

Bottom line was predicted several weeks ago by some who write for a living. People's Party Conference was to be the coronation of the new emperor as he has destroyed the rivals. Today his supporters take over the primary governing council so the heads of banking can now cooperate with the US and Europe to slow the huge credit impulse. We all need to hope they are successful at containing their record credit expansion before it blows up and demonstrates hubris with Chinese characteristics.

As liquidity drys up from the central bank printers we will see more days like today. B of A showed us that the smart money read those commentaries and has been reducing exposure or if not able to do that sacrificing some theoretical returns to buy record levels of insurance. Who is buying, why corporate treasurers at the instruction of the CEO and the 20 somethings who all think (my daughter included) they are geniuses because they made money last year in ETFs.

I don't think anything is going on in this market that Jesse Livermore couldn't explain to us.

Re: 10/25/2017 Live Update

PostPosted: Wed Oct 25, 2017 12:32 pm
by Al_Dente
VIX/SPX correlation [old Jesse Felder setting]
Only signals a couple times a year, like now, some kind of top/interim top here
Daily
1025corr.png.png

Re: 10/25/2017 Live Update

PostPosted: Wed Oct 25, 2017 12:47 pm
by Al_Dente
NOT MARKET RELATED
Einstein’s “theory of happiness”, 1922
The note was estimated to sell for between $5,000 and $8,000.
It just sold for $1.56 million.
https://www.washingtonpost.com/news/wor ... 2a917096aa

Re: 10/25/2017 Live Update

PostPosted: Wed Oct 25, 2017 1:41 pm
by Trades with cats
RTY 12-17 (150 Tick)  10_25_2017C.jpg
Small Cap Futures today

Re: 10/25/2017 Live Update

PostPosted: Wed Oct 25, 2017 1:56 pm
by Shaishen
The invisible hand(s) are grinding higher forcing short seller to doubt themselves - the banal intraday inverse H&S with divergence works again - must move past today's mid ES 2553 and VWAP presently at 2552. Evtly reach 2560 (IB mid) to discourage any short sentiment that might be left.
One day the shorts will be right but not today

.

Re: 10/25/2017 Live Update

PostPosted: Wed Oct 25, 2017 2:07 pm
by Cobra
the rebound shall have legs. maybe the low was in for today. bears might still have one higher low though.

Re: 10/25/2017 Live Update

PostPosted: Wed Oct 25, 2017 2:13 pm
by Trades with cats
Image

Alister in Baltimore has a longer view of that VIX to S&P ratio. Same conclusion.

Re: 10/25/2017 Live Update

PostPosted: Wed Oct 25, 2017 2:23 pm
by Al_Dente
INDU -0.45%
SPY -0.49%
IWM -0.47%
QQQ -0.45%

Unusual to see these so similar

Re: 10/25/2017 Live Update

PostPosted: Wed Oct 25, 2017 2:23 pm
by te_fern
Trying to break through the moving average...