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11/17/2017 Live Update

PostPosted: Fri Nov 17, 2017 10:21 am
by Cobra
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lower high or not, wait and see. key time.

Re: 11/17/2017 Live Update

PostPosted: Fri Nov 17, 2017 10:24 am
by Cobra

Re: 11/17/2017 Live Update

PostPosted: Fri Nov 17, 2017 10:50 am
by fehro
inside days.. so far.. "flat friday" .. decay those options.. :roll: RUT holds 50d SMA at LOD.. tests 20d near HOD

Re: 11/17/2017 Live Update

PostPosted: Fri Nov 17, 2017 10:51 am
by Trades with cats
ES 12-17 (1000 Tick) 2017_11_17.png

My view of the overnight action looks like a range. So far it looks like the amplitude may increase but hey it is Friday going into what is always a very different week for trading so who know. I am betting that it will be really hard to make any money today, that I am sure about, especially after the easy pickings yesterday!

Re: 11/17/2017 Live Update

PostPosted: Fri Nov 17, 2017 11:00 am
by Cobra

Re: 11/17/2017 Live Update

PostPosted: Fri Nov 17, 2017 11:07 am
by Cobra
morning hourly hollow red

Re: 11/17/2017 Live Update

PostPosted: Fri Nov 17, 2017 11:08 am
by Trades with cats
ES 12-17 (1000 Tick) 2017_11_17B.png

Magical mystery numbers again. Yesterday's close is calling, but the Daily Pivot keeps stopping the move. Volume profile shows all the action in a really tight little range.

Re: 11/17/2017 Live Update

PostPosted: Fri Nov 17, 2017 11:09 am
by Cobra

Re: 11/17/2017 Live Update

PostPosted: Fri Nov 17, 2017 11:13 am
by Trades with cats
Ouch! Failed breakout and the Daily Pivot not giving any support! Looking like yesterday's close is Bali High the forbidden island that calls to me from across the sea.

Re: 11/17/2017 Live Update

PostPosted: Fri Nov 17, 2017 12:06 pm
by Trades with cats
Weekend reading.
Very simplified with animations, a great primer on how Apple and Google have all their profits overseas and why the locally owned hardware store won't be doing that. Whenever the guys running these outfits talk about morals and obligations to society I pull out my copy of Dante's Inferno and re-read the section on hypocrites. :D
Caution New York Times article
https://www.nytimes.com/interactive/2017/11/10/opinion/gabriel-zucman-paradise-papers-tax-evasion.html?rref=collection%2Fsectioncollection%2Fopinion&action=click&contentCollection=opinion&region=rank&module=package&version=highlights&contentPlacement

Re: 11/17/2017 Live Update

PostPosted: Fri Nov 17, 2017 12:12 pm
by Trades with cats
Rut Row, fell out of the opening range. We will see how strong the Pivot Point tractor beam is!

Re: 11/17/2017 Live Update

PostPosted: Fri Nov 17, 2017 12:59 pm
by Cobra

Re: 11/17/2017 Live Update

PostPosted: Fri Nov 17, 2017 1:40 pm
by Trades with cats
RTY 12-17 (300 Tick) 2017_11_17.png

Within 1 point of current price you can see only 300 or so orders sitting, this puppy is pretty thin, but oh the action! :lol:

Re: 11/17/2017 Live Update

PostPosted: Fri Nov 17, 2017 2:36 pm
by Al_Dente
Have you been wondering why the market up or down, insists every single intraday that you BTFD?
UBS has a great explanation (posted yesterday)
[spoiler: ALL short covering, aka, ALL squeeze]
http://www.zerohedge.com/news/2017-11-1 ... rket-rally

Re: 11/17/2017 Live Update

PostPosted: Fri Nov 17, 2017 3:49 pm
by Al_Dente
JUNK near-record outflows"
“…roughly half of the …[junk]… withdrawals came last Friday, when more than $2bn left the space in one day. Since then, the outflows have been slowly declining each day…” [BofA]

And here we see the “slowly declining outflows” with our own eyeballs on our own charts: as junk tests the 200sma (black dashed line) and makes lower lows, the selling volume (a proxy for “flow” ??) has been drying up... and that’s a bullish sign.
1117junk.png.png


HERE’S THE KICKER: “..Out of the 15 largest-ever daily high yield outflows recorded, [the] next 3 month returns have been positive 10 times, with an average annualized return of 7.2%.” [BofA]

Re: 11/17/2017 Live Update

PostPosted: Fri Nov 17, 2017 3:52 pm
by Trades with cats
RTY 12-17 (200 Tick) 2017_11_17c.png

Small Caps fighting to stay above yesterday's high. They need to that volume profile shows a potential vacuum down back to the opening print.

Re: 11/17/2017 Live Update

PostPosted: Fri Nov 17, 2017 4:52 pm
by Al_Dente
Aggressives versus the Defensives, this week
% performance, 5 days
Last week the defensives won.
This week the aggressive are trying to claw their way back, especially smalls (cyan) and less so the high-betas (lime). Tech (black) and SPY (purple) are not impressive.
Treasurys (red dash, defensive) are strongest on the week !! :o :shock:
Staples (gray dash) popped Thursday mostly because of WMT and SJM eps; both backed off Friday.
etc…
1117the week.png.png

Re: 11/17/2017 Live Update

PostPosted: Fri Nov 17, 2017 4:52 pm
by Cobra

Re: 11/17/2017 Live Update

PostPosted: Fri Nov 17, 2017 4:53 pm
by Cobra
well, guess that's it for today. Monday has been mixed recently. thank you guys, I'll see you in another thread soon.

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