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11/10/2017 Live Update

PostPosted: Fri Nov 10, 2017 10:22 am
by Cobra
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higher low or not, wait and see. 50% chances.

Re: 11/10/2017 Live Update

PostPosted: Fri Nov 10, 2017 10:25 am
by Cobra

Re: 11/10/2017 Live Update

PostPosted: Fri Nov 10, 2017 10:45 am
by Trades with cats
ES 12-17 (1000 Tick)  11_10_2017.jpg

Just want to point out the overnight volume profile, really extreme example.

Question comes up will many traders be taking today off leaving us with a quiet market? I admit yesterday felt like the 'good old days' but it has been a while. A guy needs to work up to that level of action so I would not mind a respite as long as the action comes back next week!

Re: 11/10/2017 Live Update

PostPosted: Fri Nov 10, 2017 10:57 am
by Daniel
Of note so far is the extreme RS of the smallcaps today, reversing a tendency of the past few sessions. Gains around +0.2% versus losses of -0.2, -0.3% on the majors.

This gain differential can't be attributed to any alleged correlation to dollar-strength, since UUP as proxy for the dollar is red on the day.

Also, NYSE up/down volume has been very strong, and breadth has recovered sharply since the open... yet price is still negative on the day...

:?: :geek:

Re: 11/10/2017 Live Update

PostPosted: Fri Nov 10, 2017 11:01 am
by Cobra

Re: 11/10/2017 Live Update

PostPosted: Fri Nov 10, 2017 11:05 am
by te_fern
Watch the TICKs, they are down to sideways this morning.....

Re: 11/10/2017 Live Update

PostPosted: Fri Nov 10, 2017 11:18 am
by te_fern
Maybe we're in a new lower box??

Re: 11/10/2017 Live Update

PostPosted: Fri Nov 10, 2017 11:20 am
by Daniel
$VIX: now back over 11.
Daily timeframe, note the classic MACD upside crossover "Buy" signal generated intraday this AM, from the sweet spot of "lightly negative" and heading toward the zero line.

:|

Re: 11/10/2017 Live Update

PostPosted: Fri Nov 10, 2017 11:28 am
by Trades with cats
Daniel wrote:$VIX: now back over 11.
Daily timeframe, note the classic MACD upside crossover "Buy" signal generated intraday this AM, from the sweet spot of "lightly negative" and heading toward the zero line.

:|

Read last weekend how the VIX has hit it's low of the week on Friday for around 8 weeks in a row. No wonder that former Target logistics manager has done so well on his single strategy. :lol: Could be a bad week for him and his sell the VIX method.

Re: 11/10/2017 Live Update

PostPosted: Fri Nov 10, 2017 11:44 am
by Al_Dente

Re: 11/10/2017 Live Update

PostPosted: Fri Nov 10, 2017 11:45 am
by te_fern
2576 seems to be the support line this morning....

Re: 11/10/2017 Live Update

PostPosted: Fri Nov 10, 2017 12:15 pm
by Al_Dente
...................

Re: 11/10/2017 Live Update

PostPosted: Fri Nov 10, 2017 12:30 pm
by brucekeller
Feels like the market is about to make a move.

Re: 11/10/2017 Live Update

PostPosted: Fri Nov 10, 2017 12:33 pm
by Trades with cats
Evil site says someone just puked up 4 billion notional in gold futures slamming that market down hard and spiking the dollar up, just before Friday G&T time in London.
(Gin and Tonic water, I am pretty sure it is the official drink of the City)

Re: 11/10/2017 Live Update

PostPosted: Fri Nov 10, 2017 12:42 pm
by Al_Dente
SJNK is shorter duration junk bonds, which is supposed to be less risk, theoretically...... hmmmmm
1110sjnk.png.png

Re: 11/10/2017 Live Update

PostPosted: Fri Nov 10, 2017 12:46 pm
by Al_Dente
Inside IWM
It looks like rotation into small health and small discretionary, and that is a “bullish island gap” on the small discretionary
Daily
1110small inside.png.png

Re: 11/10/2017 Live Update

PostPosted: Fri Nov 10, 2017 1:01 pm
by Cobra

Re: 11/10/2017 Live Update

PostPosted: Fri Nov 10, 2017 1:08 pm
by fehro

Re: 11/10/2017 Live Update

PostPosted: Fri Nov 10, 2017 2:48 pm
by Al_Dente
I think it’s really negative if they insist on delaying corporate tax cuts for a year/two years
Junk is the “tell” for corporate credit deterioration
Pick a zh story today; it’s probably about junk
The Emperor Has No Clothes

Re: 11/10/2017 Live Update

PostPosted: Fri Nov 10, 2017 3:03 pm
by Cobra
kind of ascending triangle, bias is up now.