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Re: 11/15/2017 Live Update

PostPosted: Wed Nov 15, 2017 12:20 pm
by johnnywa
Cobra wrote:the rebound should fail. don't expect another reversal up day again. but well, never underestimate the power of bull side...

Wow what a rebound,looks to be very green by close

Re: 11/15/2017 Live Update

PostPosted: Wed Nov 15, 2017 1:03 pm
by Cobra

Re: 11/15/2017 Live Update

PostPosted: Wed Nov 15, 2017 1:04 pm
by fehro
looking for nLODs.. mind the open gap SPY 255.12ish.. AAPL very weak..LOD goes look to 20d 166.80 .. buckle up

Re: 11/15/2017 Live Update

PostPosted: Wed Nov 15, 2017 1:32 pm
by Trades with cats
ES 12-17 (1000 Tick) 2017_11_15.png

ES VWAP sitting there at 2563.50 just below yesterday's low. Price hasn't been able to stay above S1 pivot. Not looking like a strong market at this point, especially since it has not been able to recapture the overnight sell off like the small caps have.

Re: 11/15/2017 Live Update

PostPosted: Wed Nov 15, 2017 1:53 pm
by Cobra
guess it'll go nowhere till the close.

Re: 11/15/2017 Live Update

PostPosted: Wed Nov 15, 2017 2:30 pm
by Trades with cats
ES double bottom or breakdown time at the mornings opening price.

Re: 11/15/2017 Live Update

PostPosted: Wed Nov 15, 2017 2:57 pm
by Trades with cats
RTY 12-17 (300 Tick) 2017_11_15B.png

Small Caps breaking down, back below yesterday's low. Guessing the box picture is getting cloudy :D

Re: 11/15/2017 Live Update

PostPosted: Wed Nov 15, 2017 3:32 pm
by te_fern
Levered smalls have a pretty good resistance line...

Re: 11/15/2017 Live Update

PostPosted: Wed Nov 15, 2017 3:33 pm
by te_fern
SPX bouncing off the bottom of the box.....

Re: 11/15/2017 Live Update

PostPosted: Wed Nov 15, 2017 3:59 pm
by Al_Dente
Re: SMALLS, JUNK and (smarty-pants guru) Albert Edwards
[The “Coverage Ratio” is an old fundamental analysis measure that looks essentially at “How many times over could you pay/cover your current interest payments with your current earnings”].
https://www.investopedia.com/terms/i/in ... =0&o=40186

Edwards and his colleagues find weakening coverage, ESPECIALLY FOR SMALL CAPS, and it’s a cause for worry. "...interest coverage for the smallest 50% of US companies is near record lows , at a time when interest costs are extremely depressed and when profits are at peak."
"…investors are beginning to punish the corporate debt and equity of highly indebted US companies. We have highlighted consistently that excess US corporate debt is probably the key area of vulnerability that could bring down the QE inflated pyramid scheme that the central banks have created." And he opines that this is an early signal that “the party is over”.
But that’s fundamental analysis; let’s get back to technicals…
Technically, that’s what HYG is telling us too.
http://www.zerohedge.com/news/2017-11-1 ... -justified

Re: 11/15/2017 Live Update

PostPosted: Wed Nov 15, 2017 4:04 pm
by te_fern
TICKs seem to be looking better....

Re: 11/15/2017 Live Update

PostPosted: Wed Nov 15, 2017 4:19 pm
by Cobra

Re: 11/15/2017 Live Update

PostPosted: Wed Nov 15, 2017 4:26 pm
by Trades with cats
ES back to the opening price, again. Going to take some serious heavy lifting if they want a green close.

Re: 11/15/2017 Live Update

PostPosted: Wed Nov 15, 2017 4:32 pm
by Cobra
lower high or not, key time, wait and see. I say rebound here.

Re: 11/15/2017 Live Update

PostPosted: Wed Nov 15, 2017 4:51 pm
by Trades with cats
Third touch of yesterday's low this afternoon. Could be setting up for an Asian session sell off this evening unless we get some sort of news event. Then of course with Chinese markets there is always the 'Home Team" to contend with.

Re: 11/15/2017 Live Update

PostPosted: Wed Nov 15, 2017 4:52 pm
by Cobra

Re: 11/15/2017 Live Update

PostPosted: Wed Nov 15, 2017 4:55 pm
by Cobra
well, guess that's it for today. Thursday tomorrow has been mixed. 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: 11/15/2017 Live Update

PostPosted: Wed Nov 15, 2017 4:56 pm
by Cobra
ok, double top, finally one day is different. tinted area the text book target.