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12/18/2017 Live Update

Posted: Mon Dec 18, 2017 10:20 am
by Cobra
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this bull shall have legs.

Re: 12/18/2017 Live Update

Posted: Mon Dec 18, 2017 10:23 am
by Cobra

Re: 12/18/2017 Live Update

Posted: Mon Dec 18, 2017 10:47 am
by Trades with cats
Consolidating-buckle up!

Re: 12/18/2017 Live Update

Posted: Mon Dec 18, 2017 10:49 am
by fehro
someone is a little nervous

Re: 12/18/2017 Live Update

Posted: Mon Dec 18, 2017 10:57 am
by Trades with cats
ES 03-18 (2 BetterRenko(17)) 2017_12_18.png
I updated mu Renko chart this weekend by adding the daily median price . That is the bright turquoise dash dot tracking right below VWAP. I also swithched out the deviation bands for the Median version as they look to track price a bit better.

Re: 12/18/2017 Live Update

Posted: Mon Dec 18, 2017 11:06 am
by Cobra

Re: 12/18/2017 Live Update

Posted: Mon Dec 18, 2017 11:07 am
by Trades with cats
ES has this HUGELY important PsyOps target of 2,700 and all that is happening is consolidation. Can't someone re-broadcast Rubio says yes! :lol:

Re: 12/18/2017 Live Update

Posted: Mon Dec 18, 2017 11:15 am
by te_fern
The TICKs look strong this morning....

Re: 12/18/2017 Live Update

Posted: Mon Dec 18, 2017 11:21 am
by fehro
fehro wrote:someone is a little nervous
Put/Call at extremes 0.65/Equities 0.57

Re: 12/18/2017 Live Update

Posted: Mon Dec 18, 2017 11:29 am
by te_fern
Will the VWAP provide support on the smalls??

Re: 12/18/2017 Live Update

Posted: Mon Dec 18, 2017 11:31 am
by Al_Dente
[source: Market Watch, and others]
Share buyback announcements:
BAC said it would buy back up to $5 billion of its shares
BA up to $18 billion of its stock
HD up to $15 billion of its shares
JCI added $1 billion to its plan
TMUS up to $1.5 billion of its stock
CIEN up to $300 million of shares
MSG set a $150 million buyback program
HUM announced a plan for up to $3 billion
HON has an $8 billion plan
TRN has an $500 million plan.
K (Kellogg just announced Friday: up to $1.5 billion, “from January 1, 2018, through December 31, 2019.”)
[Pasta here: I am sure there are many more to add to this list]

Re: 12/18/2017 Live Update

Posted: Mon Dec 18, 2017 11:37 am
by Daniel
At the OR-60, virtually every sector I track is in the upper half of its intraday range.

Re: 12/18/2017 Live Update

Posted: Mon Dec 18, 2017 11:40 am
by Daniel
UUP however is testing an 8-day low.

..another weak dog is IBB, close to a LOD. Many sectors hitting HOD here, transports especially.

Re: 12/18/2017 Live Update

Posted: Mon Dec 18, 2017 11:40 am
by Al_Dente
Bottom panel: after being in the dumpster most of the month, the small caps (cyan) are starting to outperform the large caps (black)
60 min
1218sml cap outprform.png.png

Re: 12/18/2017 Live Update

Posted: Mon Dec 18, 2017 11:42 am
by Al_Dente
2y Treasury yield is now above the S&P dividend yield for first time in decade
https://pbs.twimg.com/media/DRG4VxmUIAAeShH.jpg
[Schwab, Dec 15]

Re: 12/18/2017 Live Update

Posted: Mon Dec 18, 2017 11:44 am
by te_fern
Al_Dente wrote:2y Treasury yield is now above the S&P dividend yield for first time in decade
https://pbs.twimg.com/media/DRG4VxmUIAAeShH.jpg
[Schwab, Dec 15]
Eventually higher interest rates and an inverted curve will do in the stock market....

Re: 12/18/2017 Live Update

Posted: Mon Dec 18, 2017 11:45 am
by te_fern
Though we're not inverted yet...

Re: 12/18/2017 Live Update

Posted: Mon Dec 18, 2017 11:47 am
by te_fern
You can go a year or more inverted before the market starts down, but does the inversion does seem to contribute....

Re: 12/18/2017 Live Update

Posted: Mon Dec 18, 2017 11:52 am
by Al_Dente
ATH:
XLV healthcare
XLY discretionary
XLP staples
SPY
RSP (the equal-weighted spy)
QQQ
AAPL
IYT trans
and more

Re: 12/18/2017 Live Update

Posted: Mon Dec 18, 2017 12:26 pm
by Trades with cats
Waiting for London/Frankfurt to close, maybe then we can move out of this tight little range.