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10/26/2017 Live Update

PostPosted: Thu Oct 26, 2017 9:23 am
by Cobra
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no idea up or down here, need see more bars.

Re: 10/26/2017 Live Update

PostPosted: Thu Oct 26, 2017 9:26 am
by Cobra

Re: 10/26/2017 Live Update

PostPosted: Thu Oct 26, 2017 10:05 am
by Cobra

Re: 10/26/2017 Live Update

PostPosted: Thu Oct 26, 2017 10:15 am
by Trades with cats
Right now it looks like the Yellen spike down this morning is showing us reasonable support. By all accounts this should be a flat day so the retest of the Yellen spike should mark the low but I am a bit skeptical of that scenario.

Re: 10/26/2017 Live Update

PostPosted: Thu Oct 26, 2017 10:32 am
by brokebybernacke2
Trades with cats wrote:Right now it looks like the Yellen spike down this morning is showing us reasonable support. By all accounts this should be a flat day so the retest of the Yellen spike should mark the low but I am a bit skeptical of that scenario.


Major fail by bears yesterday, again. we have a fed announcement for new chair very soon, if it's Powell or Yellen..to the moon , again, alice...

Re: 10/26/2017 Live Update

PostPosted: Thu Oct 26, 2017 10:48 am
by Trades with cats
Morgan Stanley note up at Zerohedge this morning reinforcing a Jesse Fielder twitter post showing earnings growth by sector. Bottom line earnings is priced in so according to the house of Morgan it will most likely be sell the news, especially with the FANGs. So appointing Powell would provide continuity and no real change in Fed policy, something the market will need over the next couple of weeks.

Re: 10/26/2017 Live Update

PostPosted: Thu Oct 26, 2017 11:00 am
by te_fern
Levered smalls bounced off the first resistance line. Working its way back for another try....

Re: 10/26/2017 Live Update

PostPosted: Thu Oct 26, 2017 11:02 am
by te_fern
Pushed through....

Re: 10/26/2017 Live Update

PostPosted: Thu Oct 26, 2017 11:04 am
by te_fern
Haven't seen any trade setups I like yet to day. Watching....

Re: 10/26/2017 Live Update

PostPosted: Thu Oct 26, 2017 11:05 am
by Trades with cats
Finally the ES moved above overnight high for the second time playing catch up to the action in the small caps. Time to decide if today is the day for new highs or if we drop back into the range and wait for Friday/Monday standard game plan.

I favor waiting so more retail money can be tempted over the weekend and then close the deal with one of those Sunday night gap ups on invisible volume. :twisted:

Re: 10/26/2017 Live Update

PostPosted: Thu Oct 26, 2017 11:09 am
by fehro
INDEXes testing 20d SMAs.. SPY stalls at y GAP .. /ES bearish rising wedge.. DXY dollar huge move up..

Re: 10/26/2017 Live Update

PostPosted: Thu Oct 26, 2017 11:13 am
by Trades with cats
RTY 12-17 (15 Min)  10_26_2017.jpg

Kinda hard to get excited about the small caps crawling back to the bottom of the trading range.

Re: 10/26/2017 Live Update

PostPosted: Thu Oct 26, 2017 11:20 am
by te_fern
Pretzel Logic says breaking this downward resistance line is key to new highs....

Re: 10/26/2017 Live Update

PostPosted: Thu Oct 26, 2017 11:20 am
by te_fern
Trades with cats wrote:Finally the ES moved above overnight high for the second time playing catch up to the action in the small caps. Time to decide if today is the day for new highs or if we drop back into the range and wait for Friday/Monday standard game plan.

I favor waiting so more retail money can be tempted over the weekend and then close the deal with one of those Sunday night gap ups on invisible volume. :twisted:


I agree and next week is first of the month which tends to be bullish....

Re: 10/26/2017 Live Update

PostPosted: Thu Oct 26, 2017 11:27 am
by Trades with cats
looking like yesterday's close is the trampoline. Didn't press down as hard this time waiting to see if we get as good a bounce as we did at 8 and 10:30. Alswo marks a pretty obvious level that market should not go below.

What a great day for the band traders so far!

Re: 10/26/2017 Live Update

PostPosted: Thu Oct 26, 2017 11:27 am
by Denali92
Was that it?

I have no clue - but here is a bit of history about how the market trends at the end of October and in to early November.

http://www.cobrasmarketview.com/2017/10262017-intra-day-update/

-D

Re: 10/26/2017 Live Update

PostPosted: Thu Oct 26, 2017 12:12 pm
by Cobra

Re: 10/26/2017 Live Update

PostPosted: Thu Oct 26, 2017 12:17 pm
by te_fern
The big board has been flat-lining it, but the Q's have been grinding higher....

Re: 10/26/2017 Live Update

PostPosted: Thu Oct 26, 2017 12:52 pm
by Trades with cats
cognitive-bias.jpg
Moving into tech earnings I assume. No way Cook is going to disappoint again. I downloaded and printed a really nice poster that shows all our cognitive biases. I think after all the mistakes Apple longs need to be examining the chart (of cognitive bias).

Re: 10/26/2017 Live Update

PostPosted: Thu Oct 26, 2017 1:34 pm
by Daniel
Trades with cats wrote:...poster that shows all our cognitive biases.

That is an amazing graphic, thanks for posting.

The inner circle of captions and titles looks like a course-listing for a 7-year graduate program in psych! I immediately went into the zone labelled Too Much Information.

:)

When we are cognitive, fully cognitive, it's like playing a duet with a player-piano--so much of our mentation is autonomous or subconscious, or even just selectively framed.

I'm putting the JPG file of that chart into my screensaver/wallpaper folder.