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12/01/2017 Live Update

PostPosted: Fri Dec 01, 2017 10:19 am
by Cobra
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lower high or not, wait and see.

Re: 12/01/2017 Live Update

PostPosted: Fri Dec 01, 2017 10:22 am
by Cobra

Re: 12/01/2017 Live Update

PostPosted: Fri Dec 01, 2017 10:36 am
by Al_Dente
note USO on open

Re: 12/01/2017 Live Update

PostPosted: Fri Dec 01, 2017 10:40 am
by Daniel
USO up 2%; XOP likewise. Broader XLE up only 1%.

Re: 12/01/2017 Live Update

PostPosted: Fri Dec 01, 2017 10:40 am
by Al_Dente
Yesterday $TRAN was > 3 standard deviations above its 50ma
That’s rare and excessive, and it hasn’t happened since the post-election run-up (red boxes) last year
Bottom panel: XLF is also > 3 std dev above 50ma
Both are ripe for mean-reversion, but the news will rule the day(s)
Daily, as of yesterday’s close
1130worm2.png.png

Re: 12/01/2017 Live Update

PostPosted: Fri Dec 01, 2017 10:41 am
by Daniel
SMH, XRT both down nearly 1%

Re: 12/01/2017 Live Update

PostPosted: Fri Dec 01, 2017 10:43 am
by te_fern
Pasta Boss, meant to tell you that I pick up another year plus 3 free months from stockcharts, but I don't think the data feeds were on sale. Does look like you can toggle them on and off which is good for traveling etc. Thanks for the reminder!

Re: 12/01/2017 Live Update

PostPosted: Fri Dec 01, 2017 10:43 am
by Daniel
Dow Transports are basically flat on the day. RVX and VXN are surging, as SPY and IWM hit a minor lod...

Re: 12/01/2017 Live Update

PostPosted: Fri Dec 01, 2017 10:44 am
by johnnywa
2 days ago i said let dust settle before playing soxl and still has more down coming.Also said labu gonna blastoff,check them out

Re: 12/01/2017 Live Update

PostPosted: Fri Dec 01, 2017 10:45 am
by te_fern
TICK is beginning its day south of the MA line. We can monitor today for a change in direction....

Re: 12/01/2017 Live Update

PostPosted: Fri Dec 01, 2017 10:49 am
by Daniel
johnnywa wrote:2 days ago i said let dust settle before playing soxl and still has more coming

SMH (semis) hitting fresh 20day low here-- under $99!

Re: 12/01/2017 Live Update

PostPosted: Fri Dec 01, 2017 10:52 am
by Daniel
If UUP can close above 24.30 it will reverse a persistent pattern of lower highs/lows. Today's high was 24.25.

It's always useful to track the dollar index and its proxies.

Re: 12/01/2017 Live Update

PostPosted: Fri Dec 01, 2017 10:54 am
by Daniel
QQQ showing significant RS over IWM, since the open. XOP closing in on a 3% gain, w XLE about half that.

Re: 12/01/2017 Live Update

PostPosted: Fri Dec 01, 2017 10:56 am
by Trades with cats
Before Thanksgiving Amazon had a 30% off sale on Nvidia Tesla chips, which I was ignorant of (the chips) as I don't buy $5,000 processors when I build myself a new computer. My son in law who does big data told me they don't use them for personal supercomputers they really use them for bitcoin mining. Was that the tell for SOX?

Re: 12/01/2017 Live Update

PostPosted: Fri Dec 01, 2017 10:57 am
by Trades with cats
Small caps diverging to the down side.

Re: 12/01/2017 Live Update

PostPosted: Fri Dec 01, 2017 10:57 am
by Daniel
SMH loss today approached -2% at the low. Other weak sectors: KRE, XBD

Re: 12/01/2017 Live Update

PostPosted: Fri Dec 01, 2017 10:58 am
by te_fern
As already noted by others, SOXL is still making new ST lows....

Re: 12/01/2017 Live Update

PostPosted: Fri Dec 01, 2017 11:00 am
by Cobra

Re: 12/01/2017 Live Update

PostPosted: Fri Dec 01, 2017 11:02 am
by Cobra
sharp rebound here then it'd be higher low, the pullback was over. key time.

Re: 12/01/2017 Live Update

PostPosted: Fri Dec 01, 2017 11:03 am
by Daniel
Trades with cats wrote:Small caps diverging to the down side.

Indeed... but now at a very dangerous spot for bears. IWM has just filled the UP gap from Wednesday, at an obvious potential support level. If the dollar rallies that might be a tailwind.

RVX however has been spiking, so this technical support level may not hold. I'm not attracted from the bull side either.

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