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12/07/2017 Live Update

PostPosted: Thu Dec 07, 2017 10:29 am
by Cobra
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Sorry late, there's no internet for awhile.

2nd test of previous low. higher low or not wait and see.

Re: 12/07/2017 Live Update

PostPosted: Thu Dec 07, 2017 10:31 am
by fehro
:roll: ?? data issue? IRX FVX

Re: 12/07/2017 Live Update

PostPosted: Thu Dec 07, 2017 10:33 am
by Cobra

Re: 12/07/2017 Live Update

PostPosted: Thu Dec 07, 2017 10:41 am
by fehro
BTCUSD 60m

Re: 12/07/2017 Live Update

PostPosted: Thu Dec 07, 2017 10:47 am
by Trades with cats
Today all the index futures are trading the March 2018 contract. Dec 2017 contracts go away on Friday the 15th which according to my old school paper Almanac has three witches.

FuturesTrader71 pointed out this morning that the contracts have finally returned to backwardation. The Fed short term interest rate is now higher than the dividend yield.ES difference is $2.75 per contract.

Re: 12/07/2017 Live Update

PostPosted: Thu Dec 07, 2017 11:00 am
by Cobra

Re: 12/07/2017 Live Update

PostPosted: Thu Dec 07, 2017 11:01 am
by fehro
mind the 20d SMAs all around

Re: 12/07/2017 Live Update

PostPosted: Thu Dec 07, 2017 11:10 am
by te_fern
Couldn't break the blue resistance line yesterday, lets see what today brings....

Re: 12/07/2017 Live Update

PostPosted: Thu Dec 07, 2017 11:11 am
by te_fern
That is also about at the first pivot resistance too.

Re: 12/07/2017 Live Update

PostPosted: Thu Dec 07, 2017 11:31 am
by te_fern
You can do it!! :D

Re: 12/07/2017 Live Update

PostPosted: Thu Dec 07, 2017 11:34 am
by fehro
Prior to Thursday, the DJIA had gone 72 days without experiencing a daily range as wide as 1%. If that sounds like a long stretch, it’s because it is a record. In fact, the record prior to this recent streak was just 49 days in a run that ended in late February of this year. And prior to 2016, the record going back to 1928, according to our database, was a mere 32-day streak back in 1944 – less than half the recent streak.

http://www.zerohedge.com/news/2017-12-07/record-calm-stock-market-gets-shock

Re: 12/07/2017 Live Update

PostPosted: Thu Dec 07, 2017 11:35 am
by Cobra
100% mm, this bull may have legs.

Re: 12/07/2017 Live Update

PostPosted: Thu Dec 07, 2017 11:36 am
by te_fern
Watching the levered SOX this morning...

Re: 12/07/2017 Live Update

PostPosted: Thu Dec 07, 2017 11:41 am
by te_fern
Can we hold the breakout??

Re: 12/07/2017 Live Update

PostPosted: Thu Dec 07, 2017 11:44 am
by Trades with cats
I have always lived in a world of cause and effect, scientific enquiry and mathematics. THAT is why these magic numbers working day after day is DRIVING ME CRAZY!!!
ES turned down AT R1. :roll:

Re: 12/07/2017 Live Update

PostPosted: Thu Dec 07, 2017 11:50 am
by te_fern
The high Vol sectors like biotechs are doing well this morning....

Re: 12/07/2017 Live Update

PostPosted: Thu Dec 07, 2017 11:51 am
by fehro
VIX at 50d NDX at 20d .. dabble short

Re: 12/07/2017 Live Update

PostPosted: Thu Dec 07, 2017 11:57 am
by Al_Dente
Meanwhile over at the Sausage Factory:
They are considering a deal to roll back the corporate rate to 22% instead of 20%. (Each percentage point that is added back to the corporate rate would free up around $100 billion in revenue over 10 years.
Also considering repeal or scaling back AMT for corporations.
Another possible change would allow a deduction of up to $10,000 of state income tax OR local property tax. The House and Senate bills would only allow a deduction of the property tax component.... There are other SALT options on the table.

Re: 12/07/2017 Live Update

PostPosted: Thu Dec 07, 2017 11:57 am
by te_fern
Holding on so far....

Re: 12/07/2017 Live Update

PostPosted: Thu Dec 07, 2017 12:04 pm
by fehro
mind your BTCs :roll:

http://www.zerohedge.com/news/2017-12-07/banks-issue-last-minute-warning-about-risks-bitcoin-futures-trading-asks-regulator-r

As we countdown to the launch of bitcoin futures trading on the CBOE (10 December) and CME (18 December), the big banks – via the Futures Industry Association - have suddenly got cold feet about the risks.