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Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 11:47 am
by Al_Dente
NY and SPX volume measures are confirming an impending new high, which is a bit surprising, as they frequently diverge, and previous divergences have nailed a tiny-mini pullback….. but only a bullish confirmation is seen here ….
(chart is daily, as of yesterday’s close)
1211ad volume.png.png

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 11:49 am
by Al_Dente
NYMOs are all back to green EXCEPT SMALLS
EOD
1212nymo.png

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 11:54 am
by fehro
SPX has not touched that magic number 2666.xx :roll: SPY at it

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 11:55 am
by te_fern
Getting closer...

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 12:08 pm
by Al_Dente
The heaviest bitcoin volumes today over in the fidelity retail accounts are:
1) RIOT
2) GBTC
3) BTSC
1212fidel.png.png

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 12:11 pm
by fehro
SPX nATH 2665.39

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 12:11 pm
by te_fern
TICK still looks pretty lethargic...

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 12:13 pm
by te_fern
Levered smalls are going sideways...

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 12:14 pm
by Cobra

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 12:15 pm
by Trades with cats
Not exactly an awe inspiring breakout. I kinda miss those legendary gap and go days.This is a gap and stutter trying to get the engine running sort of a day.

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 12:25 pm
by fehro
fehro wrote:SPX nATH 2665.39


2665.61 almost at that magic number :roll:

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 12:29 pm
by fehro
fehro wrote:
fehro wrote:SPX nATH 2665.39


2665.61 almost at that magic number :roll:


ding ding 2666.92 oh the sick humour if that is the top :roll: :lol: :lol:

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 12:31 pm
by Al_Dente
SMALLS 60min
Diamond can break either way
http://thepatternsite.com/diamondt.html

1212diamond.png.png

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 12:34 pm
by Al_Dente
SPY new high :o
Hey hey hey, let’s get going here please:
(EOD yesterday)
1212highs.png.png

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 12:37 pm
by te_fern
As several have just said, we got the push through!!

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 12:41 pm
by te_fern
Even with oil down, the energy sector is holding on to slight gains....

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 12:55 pm
by Al_Dente
Republican Senator John Cornyn just told the media that there "may be a tentative tax bill deal today." [hence, pop]
House Majority Leader Kevin McCarthy told GOP members the goal is for the House to vote on the tax bill next Tuesday, Dec. 19

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 12:57 pm
by Al_Dente
The munchkin and his team of 100+ people in the Treasury Department were “working around the clock” on modeling various estimates of the tax plan’s effects.
So yesterday he released their findings: a measly one-page “analysis” of the Senate tax bill — 470 words, including footnotes.
Everyone is pizzed. Here are just four problems:
http://www.thefiscaltimes.com/2017/12/1 ... Themselves

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 12:59 pm
by Cobra

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 1:01 pm
by Trades with cats
Not sure what to think. That last pop was driven by news so it could easily reverse. Yet we are high enough now to trigger short selling but I don't see it. Therefor, on paper, the high is in and we will sink back into the range as we run out of buy the all time high buyers and do not much until tomorrow after lunch when the Fed will reveal nothing new.