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Re: 11/21/2017 Live Update

PostPosted: Tue Nov 21, 2017 11:11 am
by Daniel
Daniel wrote:Both NYSE and Nasdaq advancers are strong and near (or at) the hod. Up/down volume has been strongly bullish since the Open on Naz, and somewhat strong on NYSE.

..Still true--even more so--as NYSE finally registers 2000+ advancers.

Nasdaq up/down volume has cooled off a bit though...

Re: 11/21/2017 Live Update

PostPosted: Tue Nov 21, 2017 11:14 am
by Daniel
UVXY down -5.5% and near the lod.

Re: 11/21/2017 Live Update

PostPosted: Tue Nov 21, 2017 11:15 am
by Trades with cats
And here is the second push for the smalls as they make it up to R2 pivot as they try to catch the ES.

Re: 11/21/2017 Live Update

PostPosted: Tue Nov 21, 2017 11:17 am
by Trades with cats
RTY 12-17 (200 Tick) 2017_11_21.png

Forgot the chart!

Re: 11/21/2017 Live Update

PostPosted: Tue Nov 21, 2017 11:22 am
by Daniel
There are few pockets of weakness so far today. XRT is one of them-- down >1%.

Since Retail has lead the upside charge the past few sessions, this is now a headwind. But most sectors are heading in the same direction as the indexes.

SPY, QQQ, IWM, MDY have all tagged 52-week highs today. DIA has come close but so far, not yet...

Re: 11/21/2017 Live Update

PostPosted: Tue Nov 21, 2017 11:37 am
by Cobra
ok, this bull shall have legs.

Re: 11/21/2017 Live Update

PostPosted: Tue Nov 21, 2017 11:41 am
by Daniel
Up/down volume is hanging at about 4:1 bullish on Naz, 3:1 on NYSE.

Re: 11/21/2017 Live Update

PostPosted: Tue Nov 21, 2017 11:50 am
by brokebybernacke2
has been a great ride.
art cashin is nervous

see the forest...this leverage unwind, when it happens, shall be at times, spectacular...
sp2666 come hell or high water..enjoy while it lasts!

Re: 11/21/2017 Live Update

PostPosted: Tue Nov 21, 2017 12:07 pm
by te_fern
Looks like intra-day we made it by .11 over 2600. Would like to see a close over the round number.....

Re: 11/21/2017 Live Update

PostPosted: Tue Nov 21, 2017 12:09 pm
by te_fern
Watching the Semi's today. They have been one of the strongest sectors....

Re: 11/21/2017 Live Update

PostPosted: Tue Nov 21, 2017 12:10 pm
by fehro
Dabble short via sm pos SPX SPY P lottos. .. mind the morning gap :roll::lol:

Re: 11/21/2017 Live Update

PostPosted: Tue Nov 21, 2017 12:25 pm
by Al_Dente
"Biggest Short Squeeze In 11 Months..."
[guess who]

Re: 11/21/2017 Live Update

PostPosted: Tue Nov 21, 2017 12:45 pm
by Cobra
cup with handle, bias is up.

Re: 11/21/2017 Live Update

PostPosted: Tue Nov 21, 2017 12:55 pm
by Al_Dente
QQQ (black) and big tech
Percentage, YTD
(that’s SPY in purple down there, just for comparison)

1121qqq perform.png.png

Re: 11/21/2017 Live Update

PostPosted: Tue Nov 21, 2017 1:00 pm
by Al_Dente
Que pasa Kingdom of Saudi Arabia KSA?
How’s that “coup” going? Gap and down -2.56% yesterday; today inside

Good article on the gulf ETFs:
https://finance.yahoo.com/news/etfs-foc ... 06658.html

1121ksa.png.png

Re: 11/21/2017 Live Update

PostPosted: Tue Nov 21, 2017 1:07 pm
by Cobra

Re: 11/21/2017 Live Update

PostPosted: Tue Nov 21, 2017 1:17 pm
by Cobra
breakout likely.

Re: 11/21/2017 Live Update

PostPosted: Tue Nov 21, 2017 1:39 pm
by Trades with cats
RTY 12-17 (200 Tick) 2017_11_21b.png

I put the Fibs up on the small caps just for grins. Need a nice bounce this afternoon or this chart will spell pullback. Afterall they have had several days of big gains so one is due.

Re: 11/21/2017 Live Update

PostPosted: Tue Nov 21, 2017 1:42 pm
by te_fern
Everyone have a happy Thanksgiving! One of things I'm thankful for is a great group of people and to share ideas and learn from. Also, thank you Cobra for putting up with us! I will have sporadic internet service where I'm going (rural area), so I will talk to all of you again on Monday!! Happy trading!

Re: 11/21/2017 Live Update

PostPosted: Tue Nov 21, 2017 1:46 pm
by Trades with cats
ES 12-17 (1000 Tick) 2017_11_21b.png

New highs but over 2 hours going nowhere fast.

The ES brings back college chemistry when we had to learn the electron orbits and do the energy calculations to move between them, i.e. quantum jumps. Just apply energy (liquidity) and it moves from one steady state region to the next one further out. Of course the operation goes the other way as well (once the central bankers cut off the liquidity stream). :D