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11/27/2017 Live Update

PostPosted: Mon Nov 27, 2017 10:22 am
by Cobra
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maybe it's rising wedge here so bulls not strong (cannot say bias is down, hard to say).

Re: 11/27/2017 Live Update

PostPosted: Mon Nov 27, 2017 10:26 am
by Cobra

Re: 11/27/2017 Live Update

PostPosted: Mon Nov 27, 2017 10:43 am
by Daniel
I have lived to see it.

2.5cent gridlines on the basic StockCharts SPY chart. A $260/share security.

:geek: :|

Re: 11/27/2017 Live Update

PostPosted: Mon Nov 27, 2017 10:49 am
by Daniel
SPY, QQQ ath

USO, energy lod

UUP fresh 20day low! (Donchian sell signal)

Re: 11/27/2017 Live Update

PostPosted: Mon Nov 27, 2017 10:55 am
by Cobra
77% chances all time new high this week already fulfilled. $SPY

Re: 11/27/2017 Live Update

PostPosted: Mon Nov 27, 2017 11:00 am
by Daniel
Retail and to a lesser extent financials are lifting up the indexes.
Semis and energy are down >1%, Emerging Mkts and transports are weak.

IWM currently retreating from a test of Wed's opening High.

As Al Dente posted last week, today, the Monday post Thanksgiving (USA), is seasonally weak--so there's a good chance that early ATHs may be harvested today...

Re: 11/27/2017 Live Update

PostPosted: Mon Nov 27, 2017 11:01 am
by Cobra

Re: 11/27/2017 Live Update

PostPosted: Mon Nov 27, 2017 11:04 am
by Cobra
Daniel wrote:I have lived to see it.

2.5cent gridlines on the basic StockCharts SPY chart. A $260/share security.

:geek: :|


It happens a lot recently.

Re: 11/27/2017 Live Update

PostPosted: Mon Nov 27, 2017 11:09 am
by te_fern
TICK appears to be rolling over....

Re: 11/27/2017 Live Update

PostPosted: Mon Nov 27, 2017 11:33 am
by Daniel
At the 60min mark (OR-60) about half of the 30 sectors I track intraday are pushing at the upper end of their range, and about half are pushing at the bottom.

IYR hitting a LOD. Wonder what's ailing it.

Re: 11/27/2017 Live Update

PostPosted: Mon Nov 27, 2017 11:42 am
by Cobra
triangle bias is up. most likely it'll go nowhere until near close though.

Re: 11/27/2017 Live Update

PostPosted: Mon Nov 27, 2017 11:56 am
by Al_Dente
te_fern wrote:TICK appears to be rolling over....

hi fern :D
Cyber Monday SALE is today at stockcharts.com
FYI

Re: 11/27/2017 Live Update

PostPosted: Mon Nov 27, 2017 11:58 am
by fehro
TRANSports weak

Re: 11/27/2017 Live Update

PostPosted: Mon Nov 27, 2017 12:22 pm
by fehro
AAPL 60m/5m .. mind the H&S x2

Re: 11/27/2017 Live Update

PostPosted: Mon Nov 27, 2017 12:22 pm
by te_fern
Al_Dente wrote:
te_fern wrote:TICK appears to be rolling over....

hi fern :D
Cyber Monday SALE is today at stockcharts.com
FYI

Thanks!! I'll check it out for better quotes! LOL!!

Re: 11/27/2017 Live Update

PostPosted: Mon Nov 27, 2017 12:25 pm
by te_fern
Chemical manufacturing is still doing well, which bodes well for the broad economy.
https://www.americanchemistry.com/Media/...c0&urlid=1

Chemical Activity Barometer Continues Solid Gains Into 3rd Quarter
WASHINGTON (November 21, 2017) – The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), notched another solid increase over October’s reading both on a three-month moving average (3MMA) basis and an unadjusted basis. The CAB was up 0.4 percent and 0.3 percent, respectively. The increases continued a bounce back from the effects of Hurricanes Harvey and Irma. Compared to a year earlier, the CAB is up 3.3 percent on a 3MMA basis, a pace that continues to suggest further gains in U.S. commercial and industrial activity into 2nd quarter 2018.

The Chemical Activity Barometer has four primary components, each consisting of a variety of indicators: 1) production; 2) equity prices; 3) product prices; and 4) inventories and other indicators.

In November, three (equity markets were soft) of four broad categories continued their climb from the effects of September’s historic storms. October’s diffusion index remained at 65 percent. The diffusion index is the number of positive contributors relative to the total number of indicators monitored.

The Chemical Activity Barometer is a leading economic indicator derived from a composite index of chemical industry activity. The chemical industry has been found to consistently lead the U.S. economy’s business cycle given its early position in the supply chain, and this barometer can be used to determine turning points and likely trends in the wider economy. Month-to-month movements can be volatile so a three-month moving average of the barometer is provided. This provides a more consistent and illustrative picture of national economic trends.

Re: 11/27/2017 Live Update

PostPosted: Mon Nov 27, 2017 12:26 pm
by te_fern
Fell out of bed....

Re: 11/27/2017 Live Update

PostPosted: Mon Nov 27, 2017 12:43 pm
by Cobra
the pullback may have legs.

Re: 11/27/2017 Live Update

PostPosted: Mon Nov 27, 2017 12:44 pm
by te_fern
Gold has been struggling higher all during the month of November....

Re: 11/27/2017 Live Update

PostPosted: Mon Nov 27, 2017 12:58 pm
by fehro
te_fern wrote:Gold has been struggling higher all during the month of November....


/GC key levels.. 1291-1267 20d/50d/200d/20w/50w/10month/20month.. that range fails.. look for 1040-960