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12/09/2017 Weekend Update

PostPosted: Fri Dec 08, 2017 5:11 pm
by Cobra
SPY hasn't touched its weekly ema20 for 56 weeks, this is a new record. the previous record was 47 weeks.

It tells me 2 things:

    Usually after a long time no touch, the very first touch would be bought as people finally can buy at 20 week average price. So bulls should have no worry for now.
    No one can have no touch of moving average forever, so SPY should owe us a pullback.

Re: 12/09/2017 Weekend Update

PostPosted: Fri Dec 08, 2017 5:13 pm
by Cobra
Statistics about SPY up 3 weeks in a row. We can see 80% chances higher high ahead the next week, so good chances another all time high the next week at least.

Re: 12/09/2017 Weekend Update

PostPosted: Fri Dec 08, 2017 5:27 pm
by Cobra
Here's the latest strong stocks count:
viewtopic.php?f=10&t=2703&p=247379#p247379

Re: 12/09/2017 Weekend Update

PostPosted: Fri Dec 08, 2017 6:58 pm
by Al_Dente
Rotation continues the same as last week, EXCEPT the smalls have crossed to the dark side
128rotation.png

Re: 12/09/2017 Weekend Update

PostPosted: Sun Dec 10, 2017 5:38 pm
by Shaishen
Everybody staring at their screens waiting for BTC futures to start trading in abt 80 minutes :o

Here is one broker indication about the margin requirements. Apparently shorting is considered a risky proposition ;)
Got this notification from Exante:

"EXANTE

Dear ....,

Today at 5 pm Central Time, CBOE Futures Exchange will launch trading bitcoin futures. CBOE will become the first global stock exchange to provide trading cryptocurrency derivatives without any restrictions.

All EXANTE clients will be able to trade contracts right after the launch on the exchange. You will find the new instruments (ticker symbol "XBT") in the «Futures» section.

For short trades, we will require a margin of 200% BTC price, for long positions — 50%. Our commission is 9 dollars per trade all extra.

Also, we temporarily increase the margin for trading the BTC.EXANTE shares: 200% for short selling and 50% for long positions.

If you have any questions, please contact our support line, +356 20150000, or at support@exante.eu."

.

Re: 12/09/2017 Weekend Update

PostPosted: Sun Dec 10, 2017 7:42 pm
by Al_Dente
CBOE Website Crashes As Futures Trading Begins; Bitcoin Price Squeezed 10% Higher (IN FIVE MINUTES)
http://www.zerohedge.com/news/2017-12-1 ... -10-higher