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11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 9:22 am
by Cobra
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no idea up or down here, need see more bars.

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 9:25 am
by Cobra

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 10:03 am
by Cobra

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 10:26 am
by brokebybernacke2
btfd

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 10:31 am
by Trades with cats
Had the morning dip
time to buy the rip!

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 10:33 am
by Trades with cats
Well actually it is the small caps that are putting in a new high on the day. Gee, I wonder if the talking heads are talking taxes? :twisted:

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 10:39 am
by Trades with cats
RTY 12-17 (15 Min)  11_2_2017.jpg
Small Caps stopped at yesterday's late day high from around 3:30 nyt. if the right words are said everybody sees that glowing double zero calling to them ( 1500 ). :)

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 10:44 am
by Cobra
rebound shall have legs. maybe the low was in.

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 10:51 am
by Trades with cats
RTY 12-17 (300 Tick)  11_2_2017.jpg
300 Tick View


Small Caps now stopped at Tuesday's open. Tick view could be seen as a three push up. Come on guys show us the votes for the tax plan! :lol:

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 11:05 am
by fehro
INdexes .. TRANsports nLOW nLOD mind the 50d.. and SPX if LOD goes.. look to 2562ish 20d

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 11:16 am
by fehro
SPX fwiw D/60m .. mind the 20d SMA, expanding wedge of sorts.. 60m.. for the bears.. bulls want 2750 for Christmas :roll: :lol:

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 11:19 am
by Trades with cats
Yes, I think they nailed it. Almost no narrative, just two charts!
http://www.zerohedge.com/news/2017-11-02/sudden-vix-collapse-rescues-stocks-trump-tax-trouncing

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 11:23 am
by Trades with cats
vix smash.jpg
From Twitter Stock Board Assets

Allister's view is the Fed smashed the VIX at 10:15 to stop the selling.

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 11:25 am
by fehro
TRANsports .. nLOD nLOW almost at 50d SMA

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 12:04 pm
by Cobra

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 12:17 pm
by johnnywa
Cobra wrote:members only update at 12:05 pm
http://www.cobrasmarketview.com/2017/11 ... ay-update/

I got this one....low is in ,up up up and after aapl earnings new highs into Friday

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 12:20 pm
by Cobra
looks like 100% mm possible.

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 12:34 pm
by daytradingES
I was thinking about the question what is next.

from Deutsche bank Jim Reid via ZH this morning
http://www.zerohedge.com/news/2017-11-0 ... fiat-money

"Central banks and governments which have ‘dined out’ on the 35 year secular, structural decline in inflation are not able to prevent it rising as raising interest rates to suitable levels would risk serious economic contraction given the huge debt burden economies face. As such they are forced to prioritize low interest rates and nominal growth over inflation control which could herald in the beginning of the end of the global fiat currency system that begun with the abandonment of Bretton Woods back in 1971. "

So I think this is saying that due to huge debts gov't can't let interest rates rise and that inflation will?
(not quite sure about the what reasons Jim gives for inflation rising other (he talks about pricing power of labor - what a laugh!) than fiat money = inflation in his opinion)

Though if inflation does then LT bonds interest rates will. (Not sure of the disconnect )

Perhaps it is that govt will default on their debts and collapse fiat-money causing new "money"?

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 12:40 pm
by Trades with cats
ES and RTY both at the 20 day Average Daily Range high. It is very possible for the market to exceed it but very unusual to close outside of it. Afterall it is an average daily range! :D

Re: 11/02/2017 Live Update

PostPosted: Thu Nov 02, 2017 1:02 pm
by Trades with cats
[quote="daytradingES"]I was thinking about the question what is next.

from Deutsche bank Jim Reid via ZH this morning
http://www.zerohedge.com/news/2017-11-0 ... fiat-money

Every fiat currency in history has eventually ended at zero. But most hard metal currencies have been destroyed by government mandate as well, Gresham's Law from the Tudor years.

As long as the sovereign can confiscate (or tax) assets without killing the domestic economy and as long as those with surplus money will lend to the sovereign everything else is just details. How bad can it get, well look at Argentina and Detroit, they are still standing and life goes on.

Listen to some of the Richard Koo interviews, his analysis of the situation as a debt binge causing a balance sheet depression makes sense, and of course the main stream keeps assuming it tis the run of the mill central bank caused slow down so they don't really see the problem.

In plain english most of the pundits as well as the so called experts only have a hammer(post war US economy) in their toolbox, so of course they keep seeing a screw as some kind of nail. :D