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Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 1:09 pm
by Daniel
Generational tax reform is intro'd, and ATR on SPY continues to contract unto the minuscule? This is unfathomable to me.

Look at Cobra's base SPY 5min chart-- we're back to 5cent and 10cent proportional gradations on the grids. For a security costing $250+ a share.

Aside from some sector gyrations the market is yawning. This market left me at the bakery, months ago.

Tax reform is MAJOR, the indexes should either sell the news, or jump for joy. They should not yawn.

:|

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 1:21 pm
by fehro
be UBER careful on IWM.. potential for a shocking down move is high.. 148ish goes.. look to 147.50 .. key level 147.25 we close flat, near there.. huge gap down potential.. break it today.. look for waterfall to 144 previous highs.. open gap 145.25-144.70ish buy IWM P lottos OTM expiration tomorrow

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 1:30 pm
by johnnywa
fehro wrote:be UBER careful on IWM.. potential for a shocking down move is high.. 148ish goes.. look to 147.50 .. key level 147.25 we close flat, near there.. huge gap down potential.. break it today.. look for waterfall to 144 previous highs.. open gap 145.25-144.70ish buy IWM P lottos OTM expiration tomorrow

What are you basing your iwm call on?

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 1:36 pm
by Al_Dente
fehro wrote:be UBER careful on IWM.. potential for a shocking down move is high.. 148ish goes.. look to 147.50 .. key level 147.25 we close flat, near there.. huge gap down potential.. break it today.. look for waterfall to 144 previous highs.. open gap 145.25-144.70ish buy IWM P lottos OTM expiration tomorrow

Thanks boss :D
IWM: I’ve got a megaphone tilted up (Ascending Broadening Wedge), inside the box
Breaks “downward 73% of the time”
http://thepatternsite.com/abw.html
15min
112fifteen iwm.png.png

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 1:42 pm
by Cobra
should be another push up.

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 1:46 pm
by Al_Dente
WEAK
NY advancing stocks = 0.88 x declining stocks
NY advancing volume = 0.71 x declining volume

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 2:33 pm
by Al_Dente
After the close: AAPL, SBUX

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 2:41 pm
by fehro
3:00pm ET - Fed chair.. buckle up :roll:

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 2:48 pm
by Cobra
double top or double bottom, key time.

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 2:56 pm
by Al_Dente
early HAPPY HOUR
Image

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 3:09 pm
by Al_Dente
POWELL

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 3:34 pm
by Cobra
breakout likely.

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 3:50 pm
by Cobra

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 3:52 pm
by Cobra
well, guess that's it for today. Friday tomorrow has been overwhelmingly bull friendly. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 5:48 pm
by Daniel
Well, if the Market is going to yawn at an unveiled Tax Plan, and the selection of a new Fed chairman, I'll yawn too. Yawn.
glta