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Re: 12/11/2017 Live Update

PostPosted: Mon Dec 11, 2017 1:09 pm
by te_fern
Biotechs are bouncing back from some weakness earlier in the morning...

Re: 12/11/2017 Live Update

PostPosted: Mon Dec 11, 2017 1:35 pm
by Al_Dente
SMALLS options traders (1/RVX) finally started buying calls again, a couple days ago.

1211small vol.png.png

Re: 12/11/2017 Live Update

PostPosted: Mon Dec 11, 2017 1:38 pm
by te_fern
Can we break out??

Re: 12/11/2017 Live Update

PostPosted: Mon Dec 11, 2017 1:47 pm
by Cobra
this bull may still have legs.

Re: 12/11/2017 Live Update

PostPosted: Mon Dec 11, 2017 2:08 pm
by Al_Dente
spy HOD
vix LOD

Re: 12/11/2017 Live Update

PostPosted: Mon Dec 11, 2017 2:28 pm
by Cobra
the pullback will be bought.

Re: 12/11/2017 Live Update

PostPosted: Mon Dec 11, 2017 2:32 pm
by fehro
fehro wrote:careful.. INDEXes diamond patterns still in play. IWM on the edge of cliff.. mm on IWM if 151ish breaks -$6.85 sounds nuts… AAPL holds us up today.


Still there :roll: IWM TRANsports weak mind 151 IWM

Re: 12/11/2017 Live Update

PostPosted: Mon Dec 11, 2017 2:45 pm
by Al_Dente
Informative post on the FED
Old, dated 12/9/17
[THE FED DOES WHAT IT SAYS IT’S GONG TO DO, AS USUAL. ]
“Balance sheet normalization”
The Fed’s announced plan is to shrink the balance sheet by $10 billion a month in October, November, and December, then accelerate the pace every three months. By October 2018, the Fed would reduce its holdings by up to $50 billion a month (= $600 billion a year) and continue at that rate until it deems the level of its holdings “normal” – the new normal.
As part of the $10-billion-a-month unwind from October through December, the Fed is supposed to unload [“roll off,” or not reinvest] $6 billion in Treasury securities a month plus $4 billion in mortgage-backed securities (MBS) a month.
[The only unknown is the action of the new regime at the FED next year]
http://www.zerohedge.com/news/2017-12-0 ... hree-years

Re: 12/11/2017 Live Update

PostPosted: Mon Dec 11, 2017 3:33 pm
by Al_Dente
It’s only TWO DAYS %, and it’s ALL JUICE,
but look at the divergence between the QQQs (black) and the semis (gray)

1211two day.png.png

Re: 12/11/2017 Live Update

PostPosted: Mon Dec 11, 2017 3:35 pm
by fehro
/GC very weak.. <20d/50d/200d/50w/20w/10month/20month SMA nears next key level 1230-33 50month/100w SMA

Re: 12/11/2017 Live Update

PostPosted: Mon Dec 11, 2017 3:46 pm
by Al_Dente
GDX weak too
Just dropped to a point where it has an opportunity to double bottom here
I was expecting a bounce, but price rules
60m
(the net chatter is that nobody wants gold any more because of shiny-new-thing bitcoin)

12__gdx 60.png.png

Re: 12/11/2017 Live Update

PostPosted: Mon Dec 11, 2017 4:02 pm
by Al_Dente
HAPPY HOUR
Image

PostPosted: Mon Dec 11, 2017 4:24 pm
by MrMiyagi
Running out of time for a push to the close. Tomorrow maybe as we head towards Rate Hike Wednesday.

Re: 12/11/2017 Live Update

PostPosted: Mon Dec 11, 2017 4:26 pm
by Cobra
15 min ema20, let's see any buyers here.

Re: 12/11/2017 Live Update

PostPosted: Mon Dec 11, 2017 4:30 pm
by Al_Dente
Arguably an H&S on RUT
JUST BROKE THE NECKLINE
1m
1211h and s.png.png

Re: 12/11/2017 Live Update

PostPosted: Mon Dec 11, 2017 4:40 pm
by fehro

Re: 12/11/2017 Live Update

PostPosted: Mon Dec 11, 2017 4:52 pm
by Cobra

Re: 12/11/2017 Live Update

PostPosted: Mon Dec 11, 2017 4:53 pm
by Cobra
well, guess that's it for today. Tuesday tomorrow has been bull friendly. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

Re: 12/11/2017 Live Update

PostPosted: Mon Dec 11, 2017 4:56 pm
by Al_Dente