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11/29/2017 Live Update

PostPosted: Wed Nov 29, 2017 10:21 am
by Cobra
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this bull may have legs.

Re: 11/29/2017 Live Update

PostPosted: Wed Nov 29, 2017 10:24 am
by Cobra

Re: 11/29/2017 Live Update

PostPosted: Wed Nov 29, 2017 10:38 am
by fehro
VIX up sharp takes out yHOD, >50d tests 20d SMA… QQQs very weak.

Re: 11/29/2017 Live Update

PostPosted: Wed Nov 29, 2017 10:39 am
by JFR
Overnight gap up. TICK going nowhere so far.

Re: 11/29/2017 Live Update

PostPosted: Wed Nov 29, 2017 10:51 am
by te_fern
The Semi's continuing their woes, down 4.5%...

Re: 11/29/2017 Live Update

PostPosted: Wed Nov 29, 2017 10:54 am
by Trades with cats
Is bio-tech dropping with the semi's (tech wreck)?

Re: 11/29/2017 Live Update

PostPosted: Wed Nov 29, 2017 10:58 am
by te_fern
For today the Biotechs aren't following the Semi's down, up 1.6% (all in levered land!)..

Re: 11/29/2017 Live Update

PostPosted: Wed Nov 29, 2017 10:59 am
by te_fern
SPX hit the first resistance pivot....

Re: 11/29/2017 Live Update

PostPosted: Wed Nov 29, 2017 11:00 am
by Cobra

Re: 11/29/2017 Live Update

PostPosted: Wed Nov 29, 2017 11:03 am
by fehro
fehro wrote:VIX up sharp takes out yHOD, >50d tests 20d SMA… QQQs very weak.


TRANSports! :roll: :lol: NDX nLODs as RUT/SPX nATH VIX still very elevated.. mind AAPL H&S 5m and 60m

Re: 11/29/2017 Live Update

PostPosted: Wed Nov 29, 2017 11:06 am
by Trades with cats
te-fern, thanks for the bio update. They have been making a major double top recently and I have seen several comments this morning on how tech is taking a hit while transports and financials are doing the heavy lifting.

ES stopped two handles short of the R1 pivot.

Re: 11/29/2017 Live Update

PostPosted: Wed Nov 29, 2017 11:08 am
by te_fern
Trades with cats wrote:te-fern, thanks for the bio update. They have been making a major double top recently and I have seen several comments this morning on how tech is taking a hit while transports and financials are doing the heavy lifting.

ES stopped two handles short of the R1 pivot.

:D :D

Re: 11/29/2017 Live Update

PostPosted: Wed Nov 29, 2017 11:10 am
by te_fern
TWC, you are right the financials have gone straight up the last 2 days....

Re: 11/29/2017 Live Update

PostPosted: Wed Nov 29, 2017 11:12 am
by te_fern
General Tech is taking it on the chin this morning too!!!

Re: 11/29/2017 Live Update

PostPosted: Wed Nov 29, 2017 11:21 am
by Trades with cats
House Majority Leader has advised members to be flexible at week end.

I am assuming that means don't leave town for the weekend, we are probably going to vote.

Re: 11/29/2017 Live Update

PostPosted: Wed Nov 29, 2017 11:23 am
by te_fern
First pullback...

Re: 11/29/2017 Live Update

PostPosted: Wed Nov 29, 2017 11:28 am
by Trades with cats
ES 12-17 (1000 Tick) 2017_11_29.png


On paper price is supposed to come back up and test VWAP before the drop gets serious.
A complication is that Friday is distribution to 401 K accounts. So greed would have these record prices hang on through Friday when they know that cash will hit. :twisted:

Re: 11/29/2017 Live Update

PostPosted: Wed Nov 29, 2017 11:32 am
by Al_Dente
Small cap, mid cap, large cap
Momentum or high beta
It’s a low-volume ETF, but MTUM (green), the large-cap momentum portfolio, has been the % outperformer
Daily
1129mtum.png.png

Re: 11/29/2017 Live Update

PostPosted: Wed Nov 29, 2017 11:36 am
by te_fern
Pasta Boss, how is the up/down statistics looking this morning? Thx!!

Re: 11/29/2017 Live Update

PostPosted: Wed Nov 29, 2017 11:41 am
by Al_Dente
[add on]
here is that MTUM chart YTD (year-to-date)
1129mtum2.png.png