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12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 10:21 am
by Cobra
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consolidation, bias is up.

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 10:24 am
by Cobra

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 10:45 am
by Daniel
At the OR-15, clear winners and losers.
Strong dogs: DIA, XBD
Weak dogs: Consumer-related, oil-related
Tech is tepid.

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 10:49 am
by Trades with cats
Oil Saudi declared dream is an 80% increase in the cost of gasoline. My opinion is that if you live in a world where you can arrest your relatives and take away their money to buy mega yachts and fancy paintings then of course this is reasonable assumption.

Real world is US exports through the roof until the crack in the Scottish pipe is fixed then it is back to normal post winter holiday slide.
Long term threat- I read last week GM has now sold over 20,000 Bolts and Ford, Mercedes BMW etc are all right behind them. Just watch US fleet average five years from now!

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 10:51 am
by Trades with cats
Supposed to be putting in a new all time high today what is with this third test of the overnight low.

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 10:55 am
by Daniel
VIX back under 10 and toying with a 20day low in the 9.50 region.

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 10:58 am
by Daniel
Approaching the OR-30, lod for XLE, XOP, XRT, SMH, MDY; hod for ILF, EWG, XBD

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 11:01 am
by Cobra

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 11:03 am
by te_fern
SPX has pushed up to the first resistance pivot...

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 11:04 am
by te_fern
TICKs are struggling this morning...

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 11:05 am
by Daniel
smh testing support in the 97.50-75 area

Dow Transports lod

But most sectors are in the upper half of their daily range this AM. And IBB has made a complete circuit from weak dog to strong dog-- now hitting HOD.

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 11:06 am
by fehro
seatbelts :roll:

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 11:13 am
by Trades with cats
Pivots- The ES hasn't gotten close to R1 today, unlike the actual index the derivative is based on. No idea if that is meaningful or not. :?

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 11:14 am
by te_fern
The pivot seems to be holding it down for now....

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 11:21 am
by Trades with cats
ES 03-18 (1000 Tick) 2017_12_12.png

What I see is yesterday's high after the cash close tested in the middle of the night looking like a double top. But it doesn't count until the US cash session tests it. Moment of truth on getting to that new all time high.

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 11:23 am
by Cobra
this bull shall have legs.

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 11:30 am
by Daniel
SMH has already traded 50% of its 5day average volume, in the first hour.

Has been weak this AM, but is off the lows... is it gaining mojo to resume its upside leadership of the past many months?

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 11:36 am
by Trades with cats
Triple witch coming up so volume should be increasing across the board. Once we get past Chair Yellen's presser on Wednesday (and I don't think she will tank the markets as a goodby) I would believe the options expiration maneuvers will dominate the action.

I would think that the traders in the Marriner Eccles building would love to give their beloved leader a new all time high as an appropriate send-off. It is unlikely but would be to ironic to bear if it becomes the new multi-year top as well. Just say in. :twisted:

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 11:42 am
by te_fern
Getting close to that high...

Re: 12/12/2017 Live Update

PostPosted: Tue Dec 12, 2017 11:45 am
by Al_Dente
Tomorrow: It’s not just the FED (rate hike is assured), but also the Norges Bank, Bank of England, European Central Bank, Swiss National Bank will announce rate decisions ALL IN AN 18 HOUR WINDOW, and other central banks will follow later.
Timeline and good charts/tables here:
https://www.bloomberg.com/news/articles ... since-2006